Jun, 30, 2024 — CONNECTICUT POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in NEW BRITAIN, CT with 1 branch location and about $14.05 million in total assets. Opened 85 years ago in 1940, CONNECTICUT POSTAL FEDERAL CREDIT UNION has about 1,459 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: | 1,459 |
| 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: | $14,045,335 |
| CEO/Manager: | Erin L Foy |
| Chairperson: | Todd Dabkowski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 246,773 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,380,493 |
| Unsecured Loans | 555,840 |
| Other Loans | 3,049,364 |
| TOTAL LOANS | 4,985,697 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,265 |
| Land And Building | 0 |
| Other Fixed Assets | 686 |
| NCUSIF Deposit | 118,982 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,045,335 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,569 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 28,378 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 9,375,315 |
| All Other Shares & Deposits | 1,970,396 |
| TOTAL SHARES & DEPOSITS | 11,345,711 |
| TOTAL LIABILITIES | 11,383,658 |
| Regular Reserve | 0 |
| Other Reserves | 481,922 |
| Undivided Earnings | 2,179,755 |
| TOTAL EQUITY | 2,661,677 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,045,335 |
| INCOME & EXPENSE | |
| Loan Income | 142,040 |
| Investment Income | 71,033 |
| Other Income | 484 |
| Total Employee Compensation & Benefits | 103,712 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 61,548 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,000 |
| Cost of Funds | 28,730 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 91,816 |
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