Dec, 31, 2023 — SCIENCE PARK FEDERAL CREDIT UNION is a federal credit union headquartered in NEW HAVEN, CT with 1 branch location and about $3.88 million in total assets. Opened 84 years ago in 1940, SCIENCE PARK FEDERAL CREDIT UNION has about 650 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SCIENCE PARK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2 Amity Rd NEW HAVEN, CT 06515 |
| Phone: | (203) 786-5885 |
| Fax: | (203) 786-5886 |
| Website: | https://scienceparkfcu.org |
| Branches: | 1 branch locations |
| Members: | 650 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3790 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,881,631 |
| CEO/Manager: | Michelle Poudrier |
| Chairperson: | Carl Lambert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 574,910 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,563 |
| Unsecured Loans | 337,019 |
| Other Loans | 2,147,045 |
| TOTAL LOANS | 2,487,627 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,035 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 30,895 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,881,631 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,474 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,837 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 219,505 |
| Regular shares | 2,417,321 |
| All Other Shares & Deposits | 475,452 |
| TOTAL SHARES & DEPOSITS | 3,112,278 |
| TOTAL LIABILITIES | 3,124,589 |
| Regular Reserve | 0 |
| Other Reserves | 202,364 |
| Undivided Earnings | 554,678 |
| TOTAL EQUITY | 757,042 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,881,631 |
| INCOME & EXPENSE | |
| Loan Income | 145,386 |
| Investment Income | 47,326 |
| Other Income | 15,402 |
| Total Employee Compensation & Benefits | 83,080 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 109,816 |
| Non-operating Income & (Expense) | 470 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,684 |
| Cost of Funds | 4,931 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 242 |
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