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WESTERN CONNECTICUT FEDERAL CREDIT UNION

Mar, 31, 2021 — WESTERN CONNECTICUT FEDERAL CREDIT UNION is a federal credit union headquartered in Bethel, CT with 1 branch location and about $31.95 million in total assets. Opened 55 years ago in 1966, WESTERN CONNECTICUT FEDERAL CREDIT UNION has about 3,988 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WESTERN CONNECTICUT FEDERAL CREDIT UNION
Address:
(Main Office)
2 Stony Hill Rd Ste 100
Bethel, CT 06801
Phone:(203) 791-9399
Fax:(203) 791-8273
Website:http://www.westernctfcu.com
Branches:1 branch locations
Members:3,988
Credit Union Type:Federal Credit Union
Charter Number:17330
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1966
Last Audited:Dec 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$31,949,460
CEO/Manager:Sabrina DeFazio
Chairperson:

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Health Savings Accounts
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,574,946
TOTAL INVESTMENTS 4,423,872
Loans Held for Sale 0
 
 Real Estate Loans 13,043,597
 Unsecured Loans 2,079,138
 Other Loans 4,354,868
 TOTAL LOANS 19,644,194
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -111,683
 Land And Building 0
 Other Fixed Assets 358,636
 NCUSIF Deposit 241,804
 All Other Assets 817,691
  TOTAL ASSETS 31,949,460
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 25,409
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,670,283
 Regular shares 12,428,077
 All Other Shares & Deposits 9,744,830
  TOTAL SHARES & DEPOSITS 29,843,190
  TOTAL LIABILITIES 29,868,599
 Regular Reserve 1,256,567
 Other Reserves 49,778
 Undivided Earnings 774,516
  TOTAL EQUITY 2,080,861
  TOTAL LIABILITIES, SHARES, & EQUITY 31,949,460
INCOME & EXPENSE  
 Loan Income 242,072
 Investment Income 16,799
 Other Income 46,632
 Total Employee Compensation & Benefits 125,884
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 113,621
 Non-operating Income & (Expense) -4,228
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -14,161
 Cost of Funds 16,153
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 59,778
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