CONNECTICUT TRANSIT FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.cttransitfcu.org for more information.
Dec, 31, 2023 — CONNECTICUT TRANSIT FEDERAL CREDIT UNION is a federal credit union headquartered in HARTFORD, CT with 1 branch location and about $1.22 million in total assets. Opened 87 years ago in 1937, CONNECTICUT TRANSIT FEDERAL CREDIT UNION has about 349 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CONNECTICUT TRANSIT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 4281 HARTFORD, CT 06147 |
| Phone: | (860) 244-9344 |
| Fax: | (860) 247-3419 |
| Website: | https://www.cttransitfcu.org |
| Branches: | 1 branch locations |
| Members: | 349 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1863 |
|---|---|
| Membership Type: | Service - Transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Mar 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,215,679 |
| CEO/Manager: | Tanya Moreno |
| Chairperson: | Alvin B Douglas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 425,957 |
| TOTAL INVESTMENTS | 100,771 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 348,844 |
| Other Loans | 333,502 |
| TOTAL LOANS | 682,346 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,024 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 9,178 |
| All Other Assets | 7,451 |
| TOTAL ASSETS | 1,215,679 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,079 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 62,140 |
| Regular shares | 1,089,656 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,151,796 |
| TOTAL LIABILITIES | 1,153,875 |
| Regular Reserve | 42,782 |
| Other Reserves | 0 |
| Undivided Earnings | 19,022 |
| TOTAL EQUITY | 61,804 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,215,679 |
| INCOME & EXPENSE | |
| Loan Income | 34,908 |
| Investment Income | 1,181 |
| Other Income | 5,504 |
| Total Employee Compensation & Benefits | 31,219 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,779 |
| Non-operating Income & (Expense) | 365 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,000 |
| Cost of Funds | 244 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 716 |
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