Dec, 31, 2023 — ST. VINCENT'S MEDICAL CENTER FEDERAL CREDIT UNION is a federal credit union headquartered in BRIDGEPORT, CT with 1 branch location and about $21.77 million in total assets. Opened 53 years ago in 1971, ST. VINCENT'S MEDICAL CENTER FEDERAL CREDIT UNION has about 1,767 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ST. VINCENT'S MEDICAL CENTER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2800 Main St BRIDGEPORT, CT 06606 |
| Phone: | (203) 576-5588 |
| Fax: | (203) 576-5855 |
| Website: | https://www.svmcfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,767 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20629 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,771,561 |
| CEO/Manager: | Mary Jean Terrell |
| Chairperson: | Harlan Madnick |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,453,291 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,610,551 |
| Unsecured Loans | 348,719 |
| Other Loans | 4,024,400 |
| TOTAL LOANS | 5,983,671 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -91,376 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 205,794 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,771,561 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,911 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 126,837 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,272,797 |
| Regular shares | 9,517,400 |
| All Other Shares & Deposits | 9,056,136 |
| TOTAL SHARES & DEPOSITS | 21,846,333 |
| TOTAL LIABILITIES | 21,977,081 |
| Regular Reserve | 0 |
| Other Reserves | -2,255,349 |
| Undivided Earnings | 2,049,829 |
| TOTAL EQUITY | -205,520 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,771,561 |
| INCOME & EXPENSE | |
| Loan Income | 376,449 |
| Investment Income | 237,608 |
| Other Income | 165,627 |
| Total Employee Compensation & Benefits | 302,911 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 417,653 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,871 |
| Cost of Funds | 182,564 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -136,734 |
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