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SIKORSKY FINANCIAL CREDIT UNION

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.


ABA Routing Number: 221180806
Name:SIKORSKY FINANCIAL CREDIT UNION
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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