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BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION

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

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 1,954,652
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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