Dec, 31, 2020 — BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BRIDGEPORT, CT with 1 branch location and about $30.60 million in total assets. Opened 62 years ago in 1959, BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION has about 4,067 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: | 4,067 |
| 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: | $30,595,875 |
| CEO/Manager: | Carl A Skudlarek |
| Chairperson: | John Colligan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,954,652 |
| TOTAL INVESTMENTS | 17,868,140 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,303,140 |
| Unsecured Loans | 1,928,254 |
| Other Loans | 5,307,164 |
| TOTAL LOANS | 10,538,558 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,000 |
| Land And Building | 0 |
| Other Fixed Assets | 25,396 |
| NCUSIF Deposit | 200,808 |
| All Other Assets | 68,321 |
| TOTAL ASSETS | 30,595,875 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,112 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 124,548 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,633,357 |
| Regular shares | 13,352,690 |
| All Other Shares & Deposits | 8,252,185 |
| TOTAL SHARES & DEPOSITS | 23,238,232 |
| TOTAL LIABILITIES | 23,375,892 |
| Regular Reserve | 612,696 |
| Other Reserves | 0 |
| Undivided Earnings | 6,607,287 |
| TOTAL EQUITY | 7,219,983 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,595,875 |
| INCOME & EXPENSE | |
| Loan Income | 649,544 |
| Investment Income | 326,610 |
| Other Income | 25,099 |
| Total Employee Compensation & Benefits | 738,642 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 206,827 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 50,108 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,676 |
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