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BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BRIDGEPORT, CT with 1 branch location and about $31.31 million in total assets. Opened 62 years ago in 1959, BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION has about 3,959 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:3,959
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:$31,305,607
CEO/Manager:Carl A Skudlarek
Chairperson:John Colligan

Call Report

  • Real Estate Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,617,026
TOTAL INVESTMENTS 18,869,140
Loans Held for Sale 0
 
 Real Estate Loans 3,238,090
 Unsecured Loans 1,960,071
 Other Loans 5,376,658
 TOTAL LOANS 10,574,819
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -60,000
 Land And Building 0
 Other Fixed Assets 31,657
 NCUSIF Deposit 200,808
 All Other Assets 72,157
  TOTAL ASSETS 31,305,607
LIABILITIES & CAPITAL:  
 Dividends Payable 4,097
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 140,323
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,789,046
 Regular shares 13,937,378
 All Other Shares & Deposits 8,203,584
  TOTAL SHARES & DEPOSITS 23,930,008
  TOTAL LIABILITIES 24,074,428
 Regular Reserve 612,696
 Other Reserves 0
 Undivided Earnings 6,618,483
  TOTAL EQUITY 7,231,179
  TOTAL LIABILITIES, SHARES, & EQUITY 31,305,607
INCOME & EXPENSE  
 Loan Income 154,094
 Investment Income 64,768
 Other Income 2,344
 Total Employee Compensation & Benefits 161,394
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 45,624
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 6,097
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,195
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