Mar, 31, 2022 — WELLNESS FEDERAL CREDIT UNION is a federal credit union headquartered in HARTFORD, CT with 2 branch locations and about $33.52 million in total assets. Opened 67 years ago in 1955, WELLNESS FEDERAL CREDIT UNION has about 5,330 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: | 5,330 |
| 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: | $33,522,764 |
| CEO/Manager: | Cheryl A Calabrese |
| Chairperson: | Raymond Kowalski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,108,923 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,213,793 |
| Unsecured Loans | 2,843,048 |
| Other Loans | 4,043,650 |
| TOTAL LOANS | 14,100,491 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -159,298 |
| Land And Building | 0 |
| Other Fixed Assets | 553,684 |
| NCUSIF Deposit | 336,284 |
| All Other Assets | 0 |
| TOTAL ASSETS | 33,522,764 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 208,394 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,925,327 |
| Regular shares | 23,968,488 |
| All Other Shares & Deposits | 1,324,021 |
| TOTAL SHARES & DEPOSITS | 31,217,836 |
| TOTAL LIABILITIES | 31,426,230 |
| Regular Reserve | 0 |
| Other Reserves | 720,575 |
| Undivided Earnings | 1,375,959 |
| TOTAL EQUITY | 2,096,534 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,522,764 |
| INCOME & EXPENSE | |
| Loan Income | 202,752 |
| Investment Income | 9,645 |
| Other Income | 93,541 |
| Total Employee Compensation & Benefits | 124,829 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 239,091 |
| Non-operating Income & (Expense) | -1,184 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 325 |
| Cost of Funds | 2,786 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 244,021 |
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