Mar, 31, 2022 — CROSSPOINT FEDERAL CREDIT UNION is a federal credit union headquartered in HAMDEN, CT with 4 branch locations and about $159.56 million in total assets. Opened 86 years ago in 1936, CROSSPOINT FEDERAL CREDIT UNION has about 10,361 members and employs 27 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: | www.crosspointfcu.org |
| Branches: | 4 branch locations |
| Members: | 10,361 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $159,563,243 |
| CEO/Manager: | Darlene White |
| Chairperson: | James Finch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,424,292 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 47,095,474 |
| Unsecured Loans | 5,041,697 |
| Other Loans | 11,437,008 |
| TOTAL LOANS | 63,574,179 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,050,511 |
| Land And Building | 0 |
| Other Fixed Assets | 385,605 |
| NCUSIF Deposit | 1,311,669 |
| All Other Assets | 0 |
| TOTAL ASSETS | 159,563,243 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,482,143 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,348,673 |
| Regular shares | 67,455,349 |
| All Other Shares & Deposits | 55,151,975 |
| TOTAL SHARES & DEPOSITS | 143,955,997 |
| TOTAL LIABILITIES | 145,438,140 |
| Regular Reserve | 0 |
| Other Reserves | 2,516,786 |
| Undivided Earnings | 11,608,317 |
| TOTAL EQUITY | 14,125,103 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 159,563,243 |
| INCOME & EXPENSE | |
| Loan Income | 645,358 |
| Investment Income | 257,070 |
| Other Income | 140,362 |
| Total Employee Compensation & Benefits | 557,088 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 522,734 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,000 |
| Cost of Funds | 57,389 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 526,769 |
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