Dec, 31, 2023 — REGIONAL WATER AUTHORITY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in NEW HAVEN, CT with 1 branch location and about $6.57 million in total assets. Opened 69 years ago in 1955, REGIONAL WATER AUTHORITY EMPLOYEES CREDIT UNION has about 466 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | REGIONAL WATER AUTHORITY EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 90 Sargent Dr NEW HAVEN, CT 06511-5918 |
| Phone: | (203) 401-2750 |
| Fax: | (203) 624-9923 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 466 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66044 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,569,342 |
| CEO/Manager: | Sarah Bochicchio |
| Chairperson: | Marcel A Piekarski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 86,295 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 171,357 |
| Unsecured Loans | 111,780 |
| Other Loans | 1,248,148 |
| TOTAL LOANS | 1,531,285 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,740 |
| Land And Building | 0 |
| Other Fixed Assets | 10 |
| NCUSIF Deposit | 62,930 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,569,342 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,863 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 30,879 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,677,599 |
| All Other Shares & Deposits | 132,563 |
| TOTAL SHARES & DEPOSITS | 5,810,162 |
| TOTAL LIABILITIES | 5,855,904 |
| Regular Reserve | 0 |
| Other Reserves | 101,173 |
| Undivided Earnings | 612,265 |
| TOTAL EQUITY | 713,438 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,569,342 |
| INCOME & EXPENSE | |
| Loan Income | 58,941 |
| Investment Income | 79,626 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 75,416 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,518 |
| Non-operating Income & (Expense) | 2,660 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 48,065 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 228 |
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