Dec, 31, 2023 — HARTFORD FEDERAL CREDIT UNION is a federal credit union headquartered in HARTFORD, CT with 4 branch locations and about $148.66 million in total assets. Opened 63 years ago in 1961, HARTFORD FEDERAL CREDIT UNION has about 16,755 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HARTFORD FEDERAL CREDIT UNION |
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Address: (Main Office) | 964 Asylum Ave HARTFORD, CT 06105 |
Phone: | (860) 527-6663 |
Fax: | (860) 527-2297 |
Website: | https://www.hartfordfcu.com |
Branches: | 4 branch locations |
Members: | 16,755 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14388 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $148,658,853 |
CEO/Manager: | Edward P Danek, Jr. |
Chairperson: | Susan Glazier |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,038,465 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 50,178,234 |
Unsecured Loans | 4,365,144 |
Other Loans | 11,112,647 |
TOTAL LOANS | 65,656,024 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -868,110 |
Land And Building | 1,977,713 |
Other Fixed Assets | 1,183,949 |
NCUSIF Deposit | 1,313,097 |
All Other Assets | 0 |
TOTAL ASSETS | 148,658,853 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,409,907 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 28,275,409 |
Regular shares | 63,439,459 |
All Other Shares & Deposits | 37,036,970 |
TOTAL SHARES & DEPOSITS | 128,751,839 |
TOTAL LIABILITIES | 131,161,746 |
Regular Reserve | 0 |
Other Reserves | 1,042,978 |
Undivided Earnings | 16,454,129 |
TOTAL EQUITY | 17,497,107 |
TOTAL LIABILITIES, SHARES, & EQUITY | 148,658,853 |
INCOME & EXPENSE | |
Loan Income | 3,430,249 |
Investment Income | 1,785,278 |
Other Income | 1,719,295 |
Total Employee Compensation & Benefits | 3,348,987 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,970,334 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,000 |
Cost of Funds | 639,113 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,252,274 |
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» See also Statement of Financial Condition