Dec, 31, 2023 — SIKORSKY FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in STRATFORD, CT with 11 branch locations and about $1.26 billion in total assets. Opened 76 years ago in 1948, SIKORSKY FINANCIAL CREDIT UNION has about 66,150 members and employs 131 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SIKORSKY FINANCIAL CREDIT UNION |
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Address: (Main Office) | 1000 Oronoque Ln STRATFORD, CT 06614-1394 |
Phone: | (203) 377-2252 |
Fax: | |
Website: | https://www.sikorskycu.org |
Branches: | 11 branch locations |
Members: | 66,150 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68453 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,263,652,136 |
CEO/Manager: | Vincent Ciambriello Jr. |
Chairperson: | William F Schlenk |
ASSETS: | $ Amount |
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Cash & Equivalents | 118,055,370 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 755,250 |
Real Estate Loans | 664,658,895 |
Unsecured Loans | 43,164,086 |
Other Loans | 179,195,093 |
TOTAL LOANS | 887,018,074 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,042,652 |
Land And Building | 1,675,531 |
Other Fixed Assets | 6,263,653 |
NCUSIF Deposit | 10,060,068 |
All Other Assets | 0 |
TOTAL ASSETS | 1,263,652,136 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 36,000,000 |
Accounts Payable & Other Liabilities | 14,375,262 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 152,635,260 |
Regular shares | 395,340,269 |
All Other Shares & Deposits | 522,436,268 |
TOTAL SHARES & DEPOSITS | 1,070,411,797 |
TOTAL LIABILITIES | 1,120,787,059 |
Regular Reserve | 0 |
Other Reserves | 13,499,500 |
Undivided Earnings | 129,365,577 |
TOTAL EQUITY | 142,865,077 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,263,652,136 |
INCOME & EXPENSE | |
Loan Income | 36,048,176 |
Investment Income | 6,703,159 |
Other Income | 3,518,533 |
Total Employee Compensation & Benefits | 15,279,466 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,435,517 |
Non-operating Income & (Expense) | 185,141 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 936,126 |
Cost of Funds | 9,501,823 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 18,165,822 |
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