Sep, 30, 2021 — BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BRIDGEPORT, CT with 1 branch location and about $31.87 million in total assets. Opened 63 years ago in 1959, BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION has about 3,973 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 45 LYON TER, ROOM #21 BRIDGEPORT, CT 06604 |
| Phone: | (203) 576-7280 |
| Fax: | (203) 576-8374 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 3,973 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13040 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,869,354 |
| CEO/Manager: | Carl A Skudlarek |
| Chairperson: | John Colligan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,774,508 |
| TOTAL INVESTMENTS | 19,125,140 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,557,163 |
| Unsecured Loans | 1,912,721 |
| Other Loans | 5,249,494 |
| TOTAL LOANS | 10,719,378 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,000 |
| Land And Building | 0 |
| Other Fixed Assets | 26,854 |
| NCUSIF Deposit | 224,040 |
| All Other Assets | 59,434 |
| TOTAL ASSETS | 31,869,354 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,556 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 135,514 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,809,204 |
| Regular shares | 14,394,329 |
| All Other Shares & Deposits | 8,316,641 |
| TOTAL SHARES & DEPOSITS | 24,520,174 |
| TOTAL LIABILITIES | 24,659,244 |
| Regular Reserve | 612,696 |
| Other Reserves | 0 |
| Undivided Earnings | 6,597,414 |
| TOTAL EQUITY | 7,210,110 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,869,354 |
| INCOME & EXPENSE | |
| Loan Income | 467,391 |
| Investment Income | 172,865 |
| Other Income | 7,878 |
| Total Employee Compensation & Benefits | 513,785 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 136,983 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 16,461 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -9,873 |
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