Dec, 31, 2023 — CONNECTICUT POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in NEW BRITAIN, CT with 1 branch location and about $13.07 million in total assets. Opened 84 years ago in 1940, CONNECTICUT POSTAL FEDERAL CREDIT UNION has about 1,452 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CONNECTICUT POSTAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 135 Chestnut St NEW BRITAIN, CT 06050 |
| Phone: | (860) 225-5595 |
| Fax: | (860) 223-4398 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,452 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3683 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,070,947 |
| CEO/Manager: | Erin L Foy |
| Chairperson: | Todd Dabkowski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 56,121 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,058,327 |
| Unsecured Loans | 574,574 |
| Other Loans | 3,228,137 |
| TOTAL LOANS | 4,861,038 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -87,431 |
| Land And Building | 0 |
| Other Fixed Assets | 269 |
| NCUSIF Deposit | 112,127 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,070,947 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 44,801 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 30,122 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,718,812 |
| All Other Shares & Deposits | 2,537,270 |
| TOTAL SHARES & DEPOSITS | 10,256,082 |
| TOTAL LIABILITIES | 10,331,005 |
| Regular Reserve | 0 |
| Other Reserves | 481,922 |
| Undivided Earnings | 2,258,020 |
| TOTAL EQUITY | 2,739,942 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,070,947 |
| INCOME & EXPENSE | |
| Loan Income | 212,890 |
| Investment Income | 235,706 |
| Other Income | 1,756 |
| Total Employee Compensation & Benefits | 147,874 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 86,652 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 55,000 |
| Cost of Funds | 80,632 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 90,302 |
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