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SCIENCE PARK FEDERAL CREDIT UNION

Sep, 30, 2022 — SCIENCE PARK FEDERAL CREDIT UNION is a federal credit union headquartered in NEW HAVEN, CT with 1 branch location and about $3.97 million in total assets. Opened 83 years ago in 1940, SCIENCE PARK FEDERAL CREDIT UNION has about 733 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:733
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$3,970,750
CEO/Manager:Michelle Poudrier
Chairperson:Carl Lambert

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 790,094
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,788
 Unsecured Loans 342,052
 Other Loans 1,905,771
 TOTAL LOANS 2,252,611
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -26,686
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 31,154
 All Other Assets 0
  TOTAL ASSETS 3,970,750
LIABILITIES & CAPITAL:  
 Dividends Payable 173
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,538
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 236,731
 Regular shares 2,545,337
 All Other Shares & Deposits 413,968
  TOTAL SHARES & DEPOSITS 3,196,036
  TOTAL LIABILITIES 3,200,747
 Regular Reserve 0
 Other Reserves 202,364
 Undivided Earnings 567,639
  TOTAL EQUITY 770,003
  TOTAL LIABILITIES, SHARES, & EQUITY 3,970,750
INCOME & EXPENSE  
 Loan Income 95,912
 Investment Income 4,973
 Other Income 10,170
 Total Employee Compensation & Benefits 69,757
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 80,843
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,462
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -9,036
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