Dec, 31, 2023 — WELLNESS FEDERAL CREDIT UNION is a federal credit union headquartered in HARTFORD, CT with 2 branch locations and about $30.16 million in total assets. Opened 69 years ago in 1955, WELLNESS FEDERAL CREDIT UNION has about 4,721 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 06106-4812 |
| Phone: | (860) 547-0027 |
| Fax: | (860) 527-6111 |
| Website: | https://www.wellnessfcu.org |
| Branches: | 2 branch locations |
| Members: | 4,721 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,162,366 |
| CEO/Manager: | Cheryl A Calabrese |
| Chairperson: | Raymond Kowalski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,055,095 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,657,137 |
| Unsecured Loans | 2,349,147 |
| Other Loans | 5,048,933 |
| TOTAL LOANS | 17,055,217 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -111,944 |
| Land And Building | 0 |
| Other Fixed Assets | 387,190 |
| NCUSIF Deposit | 291,446 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,162,366 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 113,193 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,351,345 |
| Regular shares | 20,531,704 |
| All Other Shares & Deposits | 1,160,649 |
| TOTAL SHARES & DEPOSITS | 27,043,698 |
| TOTAL LIABILITIES | 27,156,891 |
| Regular Reserve | 0 |
| Other Reserves | 810,344 |
| Undivided Earnings | 2,195,131 |
| TOTAL EQUITY | 3,005,475 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,162,366 |
| INCOME & EXPENSE | |
| Loan Income | 971,645 |
| Investment Income | 456,313 |
| Other Income | 396,045 |
| Total Employee Compensation & Benefits | 632,155 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 908,110 |
| Non-operating Income & (Expense) | 13,678 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,277 |
| Cost of Funds | 5,638 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 563,512 |
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