Sep, 30, 2025 — MEMBERSFIRST CT FEDERAL CREDIT UNION is a federal credit union headquartered in MERIDEN, CT with 4 branch locations and about $105.98 million in total assets. Opened 90 years ago in 1936, MEMBERSFIRST CT FEDERAL CREDIT UNION has about 6,181 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERSFIRST CT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 285 Broad St MERIDEN, CT 06450-5847 |
| Phone: | (203) 237-6424 |
| Fax: | (203) 237-6166 |
| Website: | https://www.membersfirstctfcu.com |
| Branches: | 4 branch locations |
| Members: | 6,181 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1049 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $105,977,175 |
| CEO/Manager: | Edward M Hogan |
| Chairperson: | James Suzio |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,212,301 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,881,316 |
| Unsecured Loans | 5,605,996 |
| Other Loans | 9,715,750 |
| TOTAL LOANS | 44,203,062 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -326,038 |
| Land And Building | 473,742 |
| Other Fixed Assets | 25,792 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 874,318 |
| All Other Assets | 0 |
| TOTAL ASSETS | 105,977,175 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 498,061 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,742,191 |
| Regular shares | 31,222,723 |
| All Other Shares & Deposits | 46,277,667 |
| TOTAL SHARES & DEPOSITS | 93,242,581 |
| TOTAL LIABILITIES | 93,740,642 |
| Regular Reserve | 0 |
| Other Reserves | 2,359,232 |
| Undivided Earnings | 9,877,301 |
| TOTAL EQUITY | 12,236,533 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 105,977,175 |
| INCOME & EXPENSE | |
| Loan Income | 1,744,857 |
| Investment Income | 1,630,802 |
| Other Income | 151,068 |
| Total Employee Compensation & Benefits | 988,950 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,029,348 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,923 |
| Cost of Funds | 1,017,355 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 680,521 |
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