WESTERN CONNECTICUT FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.westernctfcu.com for more information.
Dec, 31, 2023 — WESTERN CONNECTICUT FEDERAL CREDIT UNION is a federal credit union headquartered in Bethel, CT with 1 branch location and about $33.55 million in total assets. Opened 58 years ago in 1966, WESTERN CONNECTICUT FEDERAL CREDIT UNION has about 2,874 members and employs 7 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: | https://www.westernctfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,874 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $33,552,732 |
| CEO/Manager: | Sabrina DeFazio |
| Chairperson: | Daniel J O'Neill |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,042,538 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,348,829 |
| Unsecured Loans | 1,922,547 |
| Other Loans | 5,933,488 |
| TOTAL LOANS | 23,204,864 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -109,796 |
| Land And Building | 0 |
| Other Fixed Assets | 465,439 |
| NCUSIF Deposit | 306,000 |
| All Other Assets | 0 |
| TOTAL ASSETS | 33,552,732 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 228,911 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,150,362 |
| Regular shares | 13,680,512 |
| All Other Shares & Deposits | 9,811,564 |
| TOTAL SHARES & DEPOSITS | 31,642,438 |
| TOTAL LIABILITIES | 31,871,349 |
| Regular Reserve | 0 |
| Other Reserves | 826,297 |
| Undivided Earnings | 855,086 |
| TOTAL EQUITY | 1,681,383 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,552,732 |
| INCOME & EXPENSE | |
| Loan Income | 694,530 |
| Investment Income | 86,108 |
| Other Income | 169,006 |
| Total Employee Compensation & Benefits | 371,714 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 452,986 |
| Non-operating Income & (Expense) | 118,716 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,979 |
| Cost of Funds | 53,537 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 166,670 |
| ↑ Back to Top | |