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WATERBURY POLICE FEDERAL CREDIT UNION

Dec, 31, 2023 — WATERBURY POLICE FEDERAL CREDIT UNION is a federal credit union headquartered in WATERBURY, CT with 1 branch location and about $7.31 million in total assets. Opened 84 years ago in 1940, WATERBURY POLICE FEDERAL CREDIT UNION has about 1,035 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WATERBURY POLICE FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 255
WATERBURY, CT 06720
Phone:(203) 757-6775
Fax:(203) 756-4634
Website:https://www.waterburypolicefcu.com
Branches:1 branch locations
Members:1,035
Credit Union Type:Federal Credit Union
Charter Number:3709
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1940
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$7,313,029
CEO/Manager:Claire M Vastola
Chairperson:Stan Stasaitis

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,373,163
TOTAL INVESTMENTS 2,975,000
Loans Held for Sale 0
 
 Real Estate Loans 134,655
 Unsecured Loans 600,461
 Other Loans 1,217,443
 TOTAL LOANS 1,952,559
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -64,493
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 58,484
 All Other Assets 18,316
  TOTAL ASSETS 7,313,029
LIABILITIES & CAPITAL:  
 Dividends Payable 156
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 37,878
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,485,357
 Regular shares 5,259,760
 All Other Shares & Deposits 90,378
  TOTAL SHARES & DEPOSITS 6,835,495
  TOTAL LIABILITIES 6,873,529
 Regular Reserve 133,438
 Other Reserves 0
 Undivided Earnings 306,062
  TOTAL EQUITY 439,500
  TOTAL LIABILITIES, SHARES, & EQUITY 7,313,029
INCOME & EXPENSE  
 Loan Income 138,610
 Investment Income 11,810
 Other Income 29,465
 Total Employee Compensation & Benefits 141,561
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 128,573
 Non-operating Income & (Expense) 164
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -96,064
 Cost of Funds 2,797
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,182
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