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CROSSPOINT FEDERAL CREDIT UNION

Mar, 31, 2021 — CROSSPOINT FEDERAL CREDIT UNION is a federal credit union headquartered in HAMDEN, CT with 4 branch locations and about $146.84 million in total assets. Opened 85 years ago in 1936, CROSSPOINT FEDERAL CREDIT UNION has about 10,425 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:10,425
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:$146,839,201
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 12,611,718
TOTAL INVESTMENTS 72,148,404
Loans Held for Sale 0
 
 Real Estate Loans 39,199,201
 Unsecured Loans 4,744,821
 Other Loans 14,736,035
 TOTAL LOANS 58,680,057
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,296,521
 Land And Building 0
 Other Fixed Assets 208,062
 NCUSIF Deposit 1,168,513
 All Other Assets 3,318,968
  TOTAL ASSETS 146,839,201
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,376,743
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,194,918
 Regular shares 62,178,527
 All Other Shares & Deposits 50,876,810
  TOTAL SHARES & DEPOSITS 132,250,255
  TOTAL LIABILITIES 133,626,998
 Regular Reserve 1,551,542
 Other Reserves 965,394
 Undivided Earnings 10,695,267
  TOTAL EQUITY 13,212,203
  TOTAL LIABILITIES, SHARES, & EQUITY 146,839,201
INCOME & EXPENSE  
 Loan Income 644,841
 Investment Income 234,598
 Other Income 122,501
 Total Employee Compensation & Benefits 531,013
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 449,987
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 9,000
 Cost of Funds 74,149
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 93,848
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