Sep, 30, 2025 — COREPLUS FEDERAL CREDIT UNION is a federal credit union headquartered in NORWICH, CT with 8 branch locations and about $347.58 million in total assets. Opened 90 years ago in 1936, COREPLUS FEDERAL CREDIT UNION has about 30,972 members and employs 76 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COREPLUS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 202 Salem Tpke NORWICH, CT 06360 |
| Phone: | (860) 886-0576 |
| Fax: | (860) 885-3538 |
| Website: | https://www.coreplus.org |
| Branches: | 8 branch locations |
| Members: | 30,972 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1148 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $347,579,782 |
| CEO/Manager: | Ray Currier |
| Chairperson: | Karen Walters |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,522,676 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 75,616,906 |
| Unsecured Loans | 23,639,213 |
| Other Loans | 157,098,813 |
| TOTAL LOANS | 256,354,932 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,871,903 |
| Land And Building | 2,727,269 |
| Other Fixed Assets | 1,246,420 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,987,521 |
| All Other Assets | 9,758 |
| TOTAL ASSETS | 347,579,782 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 4,000,000 |
| Accounts Payable & Other Liabilities | 2,653,003 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 57,889,697 |
| Regular shares | 115,761,438 |
| All Other Shares & Deposits | 138,485,002 |
| TOTAL SHARES & DEPOSITS | 312,136,137 |
| TOTAL LIABILITIES | 318,800,079 |
| Regular Reserve | 0 |
| Other Reserves | -3,317,524 |
| Undivided Earnings | 32,097,227 |
| TOTAL EQUITY | 28,779,703 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 347,579,782 |
| INCOME & EXPENSE | |
| Loan Income | 11,500,657 |
| Investment Income | 2,049,631 |
| Other Income | 1,592,850 |
| Total Employee Compensation & Benefits | 4,664,737 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,829,410 |
| Non-operating Income & (Expense) | 60,597 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 606,666 |
| Cost of Funds | 3,360,575 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,036,802 |
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