Dec, 31, 2023 — NORTHEASTERN CT. HEALTH CARE CREDIT UNION is a federally insured state chartered credit union headquartered in PUTNAM, CT with 2 branch locations and about $10.27 million in total assets. Opened 59 years ago in 1965, NORTHEASTERN CT. HEALTH CARE CREDIT UNION has about 1,693 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHEASTERN CT. HEALTH CARE CREDIT UNION |
|---|---|
| Address: (Main Office) | 320 Pomfret St PUTNAM, CT 06260 |
| Phone: | (860) 928-2347 |
| Fax: | (860) 928-1885 |
| Website: | https://www.necthealthcarecreditunion.org/ |
| Branches: | 2 branch locations |
| Members: | 1,693 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66057 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,268,727 |
| CEO/Manager: | Kathy Butremovic |
| Chairperson: | Jane H Desrosiers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 865,415 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,268,236 |
| Other Loans | 3,387,667 |
| TOTAL LOANS | 5,655,903 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,227 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 90,031 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,268,727 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 87,594 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,922,826 |
| All Other Shares & Deposits | 2,801,591 |
| TOTAL SHARES & DEPOSITS | 8,724,417 |
| TOTAL LIABILITIES | 8,812,011 |
| Regular Reserve | 0 |
| Other Reserves | 212,488 |
| Undivided Earnings | 1,244,228 |
| TOTAL EQUITY | 1,456,716 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,268,727 |
| INCOME & EXPENSE | |
| Loan Income | 316,511 |
| Investment Income | 118,184 |
| Other Income | 26,143 |
| Total Employee Compensation & Benefits | 234,453 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 144,028 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,000 |
| Cost of Funds | 75,985 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 372 |
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