Dec, 31, 2020 — HARTFORD FEDERAL CREDIT UNION is a federal credit union headquartered in Hartford, CT with 6 branch locations and about $140.04 million in total assets. Opened 60 years ago in 1961, HARTFORD FEDERAL CREDIT UNION has about 18,061 members and employs 41 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: | http://www.hartfordfcu.com |
| Branches: | 6 branch locations |
| Members: | 18,061 |
| 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, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $140,040,033 |
| CEO/Manager: | Edward P Danek, Jr. |
| Chairperson: | Susan Glazier |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,515,953 |
| TOTAL INVESTMENTS | 50,732,900 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 35,667,489 |
| Unsecured Loans | 6,585,596 |
| Other Loans | 11,112,769 |
| TOTAL LOANS | 53,365,854 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -453,777 |
| Land And Building | 1,735,405 |
| Other Fixed Assets | 508,356 |
| NCUSIF Deposit | 1,184,799 |
| All Other Assets | 2,450,543 |
| TOTAL ASSETS | 140,040,033 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,291,356 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,787,625 |
| Regular shares | 66,769,586 |
| All Other Shares & Deposits | 35,184,954 |
| TOTAL SHARES & DEPOSITS | 124,742,165 |
| TOTAL LIABILITIES | 126,033,521 |
| Regular Reserve | 972,131 |
| Other Reserves | 1,118,154 |
| Undivided Earnings | 11,916,227 |
| TOTAL EQUITY | 14,006,512 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 140,040,033 |
| INCOME & EXPENSE | |
| Loan Income | 2,835,697 |
| Investment Income | 1,261,866 |
| Other Income | 1,586,514 |
| Total Employee Compensation & Benefits | 3,204,516 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,700,669 |
| Non-operating Income & (Expense) | -18,271 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 115,000 |
| Cost of Funds | 324,938 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 320,683 |
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