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.
Name: | CROSSPOINT FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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