Jun, 30, 2024 — HARTFORD FEDERAL CREDIT UNION is a federal credit union headquartered in HARTFORD, CT with 4 branch locations and about $155.37 million in total assets. Opened 64 years ago in 1961, HARTFORD FEDERAL CREDIT UNION has about 17,280 members and employs 36 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 |
|---|---|
| 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: | 17,280 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14388 |
|---|---|
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $155,368,401 |
| CEO/Manager: | Edward P Danek, Jr. |
| Chairperson: | Susan Glazier |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,201,148 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 51,682,587 |
| Unsecured Loans | 5,102,881 |
| Other Loans | 9,796,483 |
| TOTAL LOANS | 66,581,951 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -444,530 |
| Land And Building | 2,583,445 |
| Other Fixed Assets | 433,412 |
| NCUSIF Deposit | 1,381,866 |
| All Other Assets | 0 |
| TOTAL ASSETS | 155,368,401 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 991,741 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,409,932 |
| Regular shares | 74,818,211 |
| All Other Shares & Deposits | 35,614,135 |
| TOTAL SHARES & DEPOSITS | 138,842,278 |
| TOTAL LIABILITIES | 139,834,019 |
| Regular Reserve | 0 |
| Other Reserves | 884,853 |
| Undivided Earnings | 14,649,529 |
| TOTAL EQUITY | 15,534,382 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 155,368,401 |
| INCOME & EXPENSE | |
| Loan Income | 2,150,811 |
| Investment Income | 834,567 |
| Other Income | 1,322,080 |
| Total Employee Compensation & Benefits | 2,371,791 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,321,778 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 85,000 |
| Cost of Funds | 131,471 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,387,843 |
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