Dec, 31, 2023 — DUTCH POINT CREDIT UNION is a federally insured state chartered credit union headquartered in WETHERSFIELD, CT with 8 branch locations and about $475.47 million in total assets. Opened 64 years ago in 1960, DUTCH POINT CREDIT UNION has about 23,956 members and employs 64 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DUTCH POINT CREDIT UNION |
|---|---|
| Address: (Main Office) | 195 Silas Deane Hwy WETHERSFIELD, CT 06109-1240 |
| Phone: | (860) 563-2617 |
| Fax: | (860) 529-6827 |
| Website: | https://www.dutchpoint.org |
| Branches: | 8 branch locations |
| Members: | 23,956 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60457 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $475,467,935 |
| CEO/Manager: | Charlyn Tanner |
| Chairperson: | Michael E Curtin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 38,726,591 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 144,040,088 |
| Unsecured Loans | 25,235,932 |
| Other Loans | 77,841,796 |
| TOTAL LOANS | 247,117,816 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -769,633 |
| Land And Building | 2,029,351 |
| Other Fixed Assets | 372,801 |
| NCUSIF Deposit | 4,143,617 |
| All Other Assets | 0 |
| TOTAL ASSETS | 475,467,935 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 195,889 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,311,314 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,898,135 |
| Regular shares | 173,635,834 |
| All Other Shares & Deposits | 219,852,767 |
| TOTAL SHARES & DEPOSITS | 423,386,736 |
| TOTAL LIABILITIES | 425,893,939 |
| Regular Reserve | 0 |
| Other Reserves | 6,940,848 |
| Undivided Earnings | 42,633,148 |
| TOTAL EQUITY | 49,573,996 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 475,467,935 |
| INCOME & EXPENSE | |
| Loan Income | 11,271,712 |
| Investment Income | 3,852,300 |
| Other Income | 1,988,744 |
| Total Employee Compensation & Benefits | 5,769,701 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,332,085 |
| Non-operating Income & (Expense) | 2,130,027 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 542,745 |
| Cost of Funds | 4,573,366 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,291,064 |
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