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BRIDGEPORT CITY EMPLOYEES FEDERAL CREDIT UNION

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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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