Jun, 30, 2024 — 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 86 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.
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 |
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 |
↑ Back to Top |