Dec, 31, 2023 — CONNECTICUT POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in NEW BRITAIN, CT with 1 branch location and about $13.07 million in total assets. Opened 84 years ago in 1940, CONNECTICUT POSTAL FEDERAL CREDIT UNION has about 1,452 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 |
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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: | 1,452 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3683 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,070,947 |
CEO/Manager: | Erin L Foy |
Chairperson: | Todd Dabkowski |
ASSETS: | $ Amount |
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Cash & Equivalents | 56,121 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,058,327 |
Unsecured Loans | 574,574 |
Other Loans | 3,228,137 |
TOTAL LOANS | 4,861,038 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -87,431 |
Land And Building | 0 |
Other Fixed Assets | 269 |
NCUSIF Deposit | 112,127 |
All Other Assets | 0 |
TOTAL ASSETS | 13,070,947 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 44,801 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 30,122 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 7,718,812 |
All Other Shares & Deposits | 2,537,270 |
TOTAL SHARES & DEPOSITS | 10,256,082 |
TOTAL LIABILITIES | 10,331,005 |
Regular Reserve | 0 |
Other Reserves | 481,922 |
Undivided Earnings | 2,258,020 |
TOTAL EQUITY | 2,739,942 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,070,947 |
INCOME & EXPENSE | |
Loan Income | 212,890 |
Investment Income | 235,706 |
Other Income | 1,756 |
Total Employee Compensation & Benefits | 147,874 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 86,652 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 55,000 |
Cost of Funds | 80,632 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 90,302 |
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