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CONNECTICUT POSTAL FEDERAL CREDIT UNION

Mar, 31, 2022 — CONNECTICUT POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in NEW BRITAIN, CT with 1 branch location and about $14.48 million in total assets. Opened 82 years ago in 1940, CONNECTICUT POSTAL FEDERAL CREDIT UNION has about 1,486 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CONNECTICUT POSTAL FEDERAL CREDIT UNION
Address:
(Main Office)
135 Chestnut St
NEW BRITAIN, CT 06050
Phone:(860) 225-5595
Fax:(860) 223-4398
Website:n/a
Branches:1 branch locations
Members:1,486
Credit Union Type:Federal Credit Union
Charter Number:3683
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1940
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$14,476,327
CEO/Manager:Erin L Foy
Chairperson:Todd Dabkowski

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 332,547
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,227,961
 Unsecured Loans 544,673
 Other Loans 2,950,722
 TOTAL LOANS 4,723,356
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -23,694
 Land And Building 0
 Other Fixed Assets 852
 NCUSIF Deposit 110,907
 All Other Assets 0
  TOTAL ASSETS 14,476,327
LIABILITIES & CAPITAL:  
 Dividends Payable 9,968
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 27,061
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 9,822,582
 All Other Shares & Deposits 2,006,322
  TOTAL SHARES & DEPOSITS 11,828,904
  TOTAL LIABILITIES 11,865,933
 Regular Reserve 0
 Other Reserves 481,922
 Undivided Earnings 2,128,472
  TOTAL EQUITY 2,610,394
  TOTAL LIABILITIES, SHARES, & EQUITY 14,476,327
INCOME & EXPENSE  
 Loan Income 46,933
 Investment Income 15,957
 Other Income 155
 Total Employee Compensation & Benefits 30,223
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 20,811
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -5,000
 Cost of Funds 9,616
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 40,533
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