Dec, 31, 2023 — WINDSOR LOCKS FEDERAL CREDIT UNION is a federal credit union headquartered in WINDSOR LOCKS, CT with 1 branch location and about $84.07 million in total assets. Opened 84 years ago in 1940, WINDSOR LOCKS FEDERAL CREDIT UNION has about 4,227 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WINDSOR LOCKS FEDERAL CREDIT UNION |
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Address: (Main Office) | 516 Spring St WINDSOR LOCKS, CT 06096 |
Phone: | (860) 292-2940 |
Fax: | (860) 623-3031 |
Website: | https://www.riverbankfcu.com |
Branches: | 1 branch locations |
Members: | 4,227 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3757 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $84,070,243 |
CEO/Manager: | Charla R Stetson |
Chairperson: | Lynn Pellerano |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,245,739 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 28,550,333 |
Unsecured Loans | 1,501,236 |
Other Loans | 5,092,886 |
TOTAL LOANS | 35,144,455 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -238,260 |
Land And Building | 984,883 |
Other Fixed Assets | 131,874 |
NCUSIF Deposit | 767,434 |
All Other Assets | 0 |
TOTAL ASSETS | 84,070,243 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 10,534 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 826,229 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 17,763,061 |
Regular shares | 33,473,597 |
All Other Shares & Deposits | 24,563,383 |
TOTAL SHARES & DEPOSITS | 75,800,041 |
TOTAL LIABILITIES | 76,636,804 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 7,433,439 |
TOTAL EQUITY | 7,433,439 |
TOTAL LIABILITIES, SHARES, & EQUITY | 84,070,243 |
INCOME & EXPENSE | |
Loan Income | 1,715,058 |
Investment Income | 808,747 |
Other Income | 294,304 |
Total Employee Compensation & Benefits | 1,522,437 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,060,110 |
Non-operating Income & (Expense) | 25,092 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,440 |
Cost of Funds | 333,010 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 262,864 |
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» See also Statement of Financial Condition