Dec, 31, 2023 — TRUMBULL CREDIT UNION is a federally insured state chartered credit union headquartered in TRUMBULL, CT with 1 branch location and about $3.22 million in total assets. Opened 50 years ago in 1974, TRUMBULL CREDIT UNION has about 457 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRUMBULL CREDIT UNION |
|---|---|
| Address: (Main Office) | 366 Church Hill Rd TRUMBULL, CT 06611-3820 |
| Phone: | (203) 452-5095 |
| Fax: | (203) 452-5110 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 457 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61838 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,220,764 |
| CEO/Manager: | Ross Murray |
| Chairperson: | Paul J Gorman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 624,428 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 560,780 |
| Unsecured Loans | 106,016 |
| Other Loans | 874,791 |
| TOTAL LOANS | 1,541,587 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,453 |
| Land And Building | 0 |
| Other Fixed Assets | 472 |
| NCUSIF Deposit | 30,629 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,220,764 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,526 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,860,520 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 2,860,520 |
| TOTAL LIABILITIES | 2,863,046 |
| Regular Reserve | 0 |
| Other Reserves | 68,484 |
| Undivided Earnings | 289,234 |
| TOTAL EQUITY | 357,718 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,220,764 |
| INCOME & EXPENSE | |
| Loan Income | 57,716 |
| Investment Income | 64,991 |
| Other Income | 2,005 |
| Total Employee Compensation & Benefits | 53,469 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 23,542 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 11,622 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 36,079 |
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