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ASA FEDERAL CREDIT UNION

Mar, 31, 2021 — ASA FEDERAL CREDIT UNION is a federal credit union headquartered in BLOOMFIELD, CT with 1 branch location and about $10.78 million in total assets. Opened 48 years ago in 1973, ASA FEDERAL CREDIT UNION has about 1,195 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:ASA FEDERAL CREDIT UNION
Address:
(Main Office)
1 REGENCY DR
BLOOMFIELD, CT 06002-2310
Phone:(860) 243-9571
Fax:(860) 242-0650
Website:http://www.asafcu.com
Branches:1 branch locations
Members:1,195
Credit Union Type:Federal Credit Union
Charter Number:21190
Membership Type:Multiple common bond - Primarily transportation equipment
Corporate Credit Union:No
Year Opened:1973
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$10,779,315
CEO/Manager:LouAnne Demonstranti
Chairperson:Frank Stawski

Call Report

  • Credit Builder
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,999,106
TOTAL INVESTMENTS 5,258,730
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,022,329
 Other Loans 1,405,274
 TOTAL LOANS 2,427,603
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,389
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 74,279
 All Other Assets 47,986
  TOTAL ASSETS 10,779,315
LIABILITIES & CAPITAL:  
 Dividends Payable 527
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,580
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,277,304
 Regular shares 7,080,831
 All Other Shares & Deposits 1,562,963
  TOTAL SHARES & DEPOSITS 9,921,098
  TOTAL LIABILITIES 9,923,205
 Regular Reserve 165,804
 Other Reserves 0
 Undivided Earnings 690,306
  TOTAL EQUITY 856,110
  TOTAL LIABILITIES, SHARES, & EQUITY 10,779,315
INCOME & EXPENSE  
 Loan Income 46,345
 Investment Income 13,064
 Other Income 3,470
 Total Employee Compensation & Benefits 43,785
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 31,636
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,412
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -8,851
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