Sep, 30, 2025 — CONNECTICUT LABOR DEPT FEDERAL CREDIT UNION is a federal credit union headquartered in WETHERSFIELD, CT with 1 branch location and about $14.21 million in total assets. Opened 87 years ago in 1939, CONNECTICUT LABOR DEPT FEDERAL CREDIT UNION has about 1,166 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CONNECTICUT LABOR DEPT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 Folly Brook Blvd WETHERSFIELD, CT 06109 |
| Phone: | (860) 263-6500 |
| Fax: | (860) 263-6508 |
| Website: | https://www.ctlaborfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,166 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3544 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Mar 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,212,955 |
| CEO/Manager: | NICOLE FOLLACCHIO |
| Chairperson: | Teresa Kowalski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,190,913 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 40,128 |
| Unsecured Loans | 829,566 |
| Other Loans | 2,617,656 |
| TOTAL LOANS | 3,487,351 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,745 |
| Land And Building | 0 |
| Other Fixed Assets | 6,199 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 116,995 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,212,955 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -83,017 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 995,331 |
| Regular shares | 10,145,657 |
| All Other Shares & Deposits | 768,561 |
| TOTAL SHARES & DEPOSITS | 11,909,548 |
| TOTAL LIABILITIES | 11,826,531 |
| Regular Reserve | 0 |
| Other Reserves | 46,871 |
| Undivided Earnings | 2,339,553 |
| TOTAL EQUITY | 2,386,424 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,212,955 |
| INCOME & EXPENSE | |
| Loan Income | 160,502 |
| Investment Income | 249,405 |
| Other Income | 49,821 |
| Total Employee Compensation & Benefits | 153,270 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 160,684 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 46,777 |
| Cost of Funds | 31,023 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 67,974 |
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