Dec, 31, 2023 — CONNECTICUT STATE EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in HARTFORD, CT with 7 branch locations and about $2.38 billion in total assets. Opened 78 years ago in 1946, CONNECTICUT STATE EMPLOYEES CREDIT UNION has about 67,579 members and employs 71 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CONNECTICUT STATE EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 84 Wadsworth St HARTFORD, CT 06106 |
Phone: | (860) 249-4839 |
Fax: | (860) 525-4077 |
Website: | https://csecreditunion.com |
Branches: | 7 branch locations |
Members: | 67,579 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65728 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1946 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,379,764,018 |
CEO/Manager: | Daniel Daigle |
Chairperson: | Vincent Filippa |
ASSETS: | $ Amount |
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Cash & Equivalents | 583,558,799 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 315,624,672 |
Unsecured Loans | 15,874,379 |
Other Loans | 109,276,259 |
TOTAL LOANS | 440,775,310 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -700,000 |
Land And Building | 873,027 |
Other Fixed Assets | 128,636 |
NCUSIF Deposit | 20,429,901 |
All Other Assets | 0 |
TOTAL ASSETS | 2,379,764,018 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 14,396,650 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,508,633 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 146,736,834 |
Regular shares | 1,639,215,589 |
All Other Shares & Deposits | 376,206,701 |
TOTAL SHARES & DEPOSITS | 2,162,159,124 |
TOTAL LIABILITIES | 2,179,064,407 |
Regular Reserve | 0 |
Other Reserves | -4,259,184 |
Undivided Earnings | 204,958,795 |
TOTAL EQUITY | 200,699,611 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,379,764,018 |
INCOME & EXPENSE | |
Loan Income | 14,928,230 |
Investment Income | 55,910,688 |
Other Income | 474,388 |
Total Employee Compensation & Benefits | 7,194,488 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,909,319 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 65,358 |
Cost of Funds | 56,323,525 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,784,869 |
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