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CONNECTICUT LABOR DEPT FEDERAL CREDIT UNION

Mar, 31, 2022 — CONNECTICUT LABOR DEPT FEDERAL CREDIT UNION is a federal credit union headquartered in WETHERSFIELD, CT with 1 branch location and about $15.51 million in total assets. Opened 83 years ago in 1939, CONNECTICUT LABOR DEPT FEDERAL CREDIT UNION has about 1,296 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.


ABA Routing Number: 211180010
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:http://ctlaborfcu.com
Branches:1 branch locations
Members:1,296
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$15,513,307
CEO/Manager:NICOLE FOLLACCHIO
Chairperson:Teresa Kowalski

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,207,887
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 104,159
 Unsecured Loans 774,217
 Other Loans 1,469,330
 TOTAL LOANS 2,347,706
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -38,316
 Land And Building 0
 Other Fixed Assets 38,815
 NCUSIF Deposit 126,443
 All Other Assets 0
  TOTAL ASSETS 15,513,307
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -225,139
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 829,370
 Regular shares 11,334,749
 All Other Shares & Deposits 1,586,600
  TOTAL SHARES & DEPOSITS 13,750,719
  TOTAL LIABILITIES 13,525,580
 Regular Reserve 0
 Other Reserves 46,871
 Undivided Earnings 1,940,856
  TOTAL EQUITY 1,987,727
  TOTAL LIABILITIES, SHARES, & EQUITY 15,513,307
INCOME & EXPENSE  
 Loan Income 40,517
 Investment Income 33,921
 Other Income 41,044
 Total Employee Compensation & Benefits 49,768
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 47,517
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,279
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 14,918
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