Mar, 31, 2022 — HARTFORD FEDERAL CREDIT UNION is a federal credit union headquartered in HARTFORD, CT with 4 branch locations and about $156.46 million in total assets. Opened 61 years ago in 1961, HARTFORD FEDERAL CREDIT UNION has about 17,450 members and employs 35 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: | 4 branch locations |
| Members: | 17,450 |
| 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: | $156,464,647 |
| CEO/Manager: | Edward P Danek, Jr. |
| Chairperson: | Susan Glazier |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,245,939 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 47,525,662 |
| Unsecured Loans | 5,621,927 |
| Other Loans | 9,615,559 |
| TOTAL LOANS | 62,763,148 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -410,424 |
| Land And Building | 2,573,399 |
| Other Fixed Assets | 453,453 |
| NCUSIF Deposit | 1,344,776 |
| All Other Assets | 0 |
| TOTAL ASSETS | 156,464,647 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 835,932 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,619,246 |
| Regular shares | 78,342,795 |
| All Other Shares & Deposits | 35,040,036 |
| TOTAL SHARES & DEPOSITS | 141,002,077 |
| TOTAL LIABILITIES | 141,838,009 |
| Regular Reserve | 0 |
| Other Reserves | 954,266 |
| Undivided Earnings | 13,672,372 |
| TOTAL EQUITY | 14,626,638 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 156,464,647 |
| INCOME & EXPENSE | |
| Loan Income | 670,798 |
| Investment Income | 205,390 |
| Other Income | 420,324 |
| Total Employee Compensation & Benefits | 759,361 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 398,180 |
| Non-operating Income & (Expense) | -4,568 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,000 |
| Cost of Funds | 35,249 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 410,688 |
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