Sep, 30, 2025 — CROSSPOINT FEDERAL CREDIT UNION is a federal credit union headquartered in HAMDEN, CT with 4 branch locations and about $157.84 million in total assets. Opened 90 years ago in 1936, CROSSPOINT FEDERAL CREDIT UNION has about 10,260 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CROSSPOINT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 105 Sanford St HAMDEN, CT 06514 |
| Phone: | (203) 288-1695 |
| Fax: | (203) 230-9435 |
| Website: | https://www.crosspointfcu.org |
| Branches: | 4 branch locations |
| Members: | 10,260 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1309 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Oct 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $157,836,415 |
| CEO/Manager: | Darlene White |
| Chairperson: | Warren Petroskey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,911,425 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 53,938,333 |
| Unsecured Loans | 2,110,279 |
| Other Loans | 12,280,736 |
| TOTAL LOANS | 68,329,347 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -798,232 |
| Land And Building | 1,697,372 |
| Other Fixed Assets | 339,172 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,318,556 |
| All Other Assets | 0 |
| TOTAL ASSETS | 157,836,415 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,049,712 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,477,336 |
| Regular shares | 56,278,741 |
| All Other Shares & Deposits | 63,584,681 |
| TOTAL SHARES & DEPOSITS | 139,340,758 |
| TOTAL LIABILITIES | 140,390,470 |
| Regular Reserve | 0 |
| Other Reserves | 1,103,078 |
| Undivided Earnings | 16,342,867 |
| TOTAL EQUITY | 17,445,945 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 157,836,415 |
| INCOME & EXPENSE | |
| Loan Income | 2,917,730 |
| Investment Income | 1,533,723 |
| Other Income | 484,829 |
| Total Employee Compensation & Benefits | 2,166,381 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,147,574 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -74,000 |
| Cost of Funds | 1,052,239 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 600,982 |
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