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CONNECTICUT LABOR DEPT FEDERAL CREDIT UNION

Sep, 30, 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 84 years ago in 1939, CONNECTICUT LABOR DEPT FEDERAL CREDIT UNION has about 1,259 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:https://ctlaborfcu.com
Branches:1 branch locations
Members:1,259
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:$15,506,600
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 4,037,168
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 95,587
 Unsecured Loans 849,344
 Other Loans 1,313,949
 TOTAL LOANS 2,258,880
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -30,975
 Land And Building 0
 Other Fixed Assets 35,095
 NCUSIF Deposit 140,903
 All Other Assets 0
  TOTAL ASSETS 15,506,600
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -250,306
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 973,520
 Regular shares 11,135,612
 All Other Shares & Deposits 1,623,698
  TOTAL SHARES & DEPOSITS 13,732,830
  TOTAL LIABILITIES 13,482,524
 Regular Reserve 0
 Other Reserves 46,871
 Undivided Earnings 1,977,205
  TOTAL EQUITY 2,024,076
  TOTAL LIABILITIES, SHARES, & EQUITY 15,506,600
INCOME & EXPENSE  
 Loan Income 126,025
 Investment Income 118,068
 Other Income 101,365
 Total Employee Compensation & Benefits 147,736
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 136,719
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 8,488
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 52,515
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