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CROSSPOINT FEDERAL CREDIT UNION

Dec, 31, 2020 — CROSSPOINT FEDERAL CREDIT UNION is a federal credit union headquartered in HAMDEN, CT with 4 branch locations and about $142.66 million in total assets. Opened 85 years ago in 1936, CROSSPOINT FEDERAL CREDIT UNION has about 10,744 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211177133
Name:CROSSPOINT FEDERAL CREDIT UNION
Address:
(Main Office)
105 SANFORD ST
HAMDEN, CT 06514
Phone:(203) 288-1695
Fax:(203) 230-9435
Website:http://www.crosspointfcu.org
Branches:4 branch locations
Members:10,744
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$142,657,040
CEO/Manager:Michael J Hinchey
Chairperson:James Finch

Call Report

  • Commercial Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Health Savings Accounts
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 15,275,768
TOTAL INVESTMENTS 67,855,972
Loans Held for Sale 0
 
 Real Estate Loans 36,346,376
 Unsecured Loans 5,147,973
 Other Loans 14,629,352
 TOTAL LOANS 56,123,701
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,265,811
 Land And Building 0
 Other Fixed Assets 210,096
 NCUSIF Deposit 1,168,513
 All Other Assets 3,288,801
  TOTAL ASSETS 142,657,040
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,522,951
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,369,243
 Regular shares 58,398,030
 All Other Shares & Deposits 50,248,365
  TOTAL SHARES & DEPOSITS 128,015,638
  TOTAL LIABILITIES 129,538,589
 Regular Reserve 1,551,542
 Other Reserves 965,491
 Undivided Earnings 10,601,418
  TOTAL EQUITY 13,118,451
  TOTAL LIABILITIES, SHARES, & EQUITY 142,657,040
INCOME & EXPENSE  
 Loan Income 2,686,365
 Investment Income 1,203,905
 Other Income 1,179,668
 Total Employee Compensation & Benefits 2,184,720
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,136,047
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 168,957
 Cost of Funds 427,136
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 153,078
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