Dec, 31, 2023 — STATE POLICE CREDIT UNION INC. is a federally insured state chartered credit union headquartered in MERIDEN, CT with 2 branch locations and about $78.65 million in total assets. Opened 64 years ago in 1960, STATE POLICE CREDIT UNION INC. has about 2,872 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STATE POLICE CREDIT UNION INC. |
|---|---|
| Address: (Main Office) | 321 Research Pkwy Ste 202 MERIDEN, CT 06450 |
| Phone: | (800) 310-7728 |
| Fax: | (203) 237-2119 |
| Website: | https://www.cspcu.org |
| Branches: | 2 branch locations |
| Members: | 2,872 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60048 |
|---|---|
| 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: | $78,652,561 |
| CEO/Manager: | John S Gasiorowski |
| Chairperson: | John Kolosky |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,997,019 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,563,054 |
| Unsecured Loans | 1,404,387 |
| Other Loans | 2,930,092 |
| TOTAL LOANS | 20,897,533 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -141,743 |
| Land And Building | 0 |
| Other Fixed Assets | 10,206 |
| NCUSIF Deposit | 618,255 |
| All Other Assets | 0 |
| TOTAL ASSETS | 78,652,561 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,218,376 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,874,661 |
| Regular shares | 38,105,405 |
| All Other Shares & Deposits | 18,664,616 |
| TOTAL SHARES & DEPOSITS | 66,644,682 |
| TOTAL LIABILITIES | 67,863,058 |
| Regular Reserve | 0 |
| Other Reserves | 435,127 |
| Undivided Earnings | 10,354,376 |
| TOTAL EQUITY | 10,789,503 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 78,652,561 |
| INCOME & EXPENSE | |
| Loan Income | 788,334 |
| Investment Income | 1,064,534 |
| Other Income | 99,287 |
| Total Employee Compensation & Benefits | 687,800 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 680,591 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 316,539 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 341,462 |
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