Jun, 30, 2024 — WELLNESS FEDERAL CREDIT UNION is a federal credit union headquartered in HARTFORD, CT with 2 branch locations and about $32.26 million in total assets. Opened 70 years ago in 1955, WELLNESS FEDERAL CREDIT UNION has about 5,071 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: | WELLNESS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 15 Van Dyke Ave HARTFORD, CT 06106-2879 |
| Phone: | (860) 547-0027 |
| Fax: | (860) 527-6111 |
| Website: | https://www.wellnessfcu.org |
| Branches: | 2 branch locations |
| Members: | 5,071 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24786 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $32,263,240 |
| CEO/Manager: | Cheryl A Calabrese |
| Chairperson: | Raymond Kowalski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,310,421 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,312,794 |
| Unsecured Loans | 2,760,516 |
| Other Loans | 4,295,370 |
| TOTAL LOANS | 15,368,680 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -151,044 |
| Land And Building | 0 |
| Other Fixed Assets | 514,481 |
| NCUSIF Deposit | 307,711 |
| All Other Assets | 0 |
| TOTAL ASSETS | 32,263,240 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 292,134 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,577,535 |
| Regular shares | 23,009,657 |
| All Other Shares & Deposits | 1,058,018 |
| TOTAL SHARES & DEPOSITS | 29,645,210 |
| TOTAL LIABILITIES | 29,937,344 |
| Regular Reserve | 0 |
| Other Reserves | 780,690 |
| Undivided Earnings | 1,545,206 |
| TOTAL EQUITY | 2,325,896 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,263,240 |
| INCOME & EXPENSE | |
| Loan Income | 629,473 |
| Investment Income | 148,340 |
| Other Income | 280,843 |
| Total Employee Compensation & Benefits | 406,378 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 688,295 |
| Non-operating Income & (Expense) | 5,515 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,108 |
| Cost of Funds | 6,808 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 473,382 |
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