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 |
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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 |
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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 |
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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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