Jun, 30, 2021 — BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BRIDGEPORT, CT with 1 branch location and about $31.97 million in total assets. Opened 62 years ago in 1959, BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION has about 3,968 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: | 3,968 |
| 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: | $31,971,095 |
| CEO/Manager: | Carl A Skudlarek |
| Chairperson: | John Colligan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,242,170 |
| TOTAL INVESTMENTS | 18,877,140 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,387,214 |
| Unsecured Loans | 1,964,136 |
| Other Loans | 5,246,232 |
| TOTAL LOANS | 10,597,582 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,000 |
| Land And Building | 0 |
| Other Fixed Assets | 26,662 |
| NCUSIF Deposit | 224,040 |
| All Other Assets | 63,501 |
| TOTAL ASSETS | 31,971,095 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,336 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 139,603 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,805,377 |
| Regular shares | 14,618,547 |
| All Other Shares & Deposits | 8,191,463 |
| TOTAL SHARES & DEPOSITS | 24,615,387 |
| TOTAL LIABILITIES | 24,758,326 |
| Regular Reserve | 612,696 |
| Other Reserves | 0 |
| Undivided Earnings | 6,600,073 |
| TOTAL EQUITY | 7,212,769 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,971,095 |
| INCOME & EXPENSE | |
| Loan Income | 309,370 |
| Investment Income | 119,365 |
| Other Income | 5,046 |
| Total Employee Compensation & Benefits | 342,751 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 91,596 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 11,324 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -7,214 |
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