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SCIENCE PARK FEDERAL CREDIT UNION

Mar, 31, 2022 — SCIENCE PARK FEDERAL CREDIT UNION is a federal credit union headquartered in NEW HAVEN, CT with 1 branch location and about $3.96 million in total assets. Opened 82 years ago in 1940, SCIENCE PARK FEDERAL CREDIT UNION has about 734 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:http://scienceparkfcu.org
Branches:1 branch locations
Members:734
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$3,963,962
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 972,946
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,751
 Unsecured Loans 324,471
 Other Loans 1,756,629
 TOTAL LOANS 2,086,851
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -26,749
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 34,661
 All Other Assets 0
  TOTAL ASSETS 3,963,962
LIABILITIES & CAPITAL:  
 Dividends Payable 164
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,755
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 243,963
 Regular shares 2,633,655
 All Other Shares & Deposits 305,485
  TOTAL SHARES & DEPOSITS 3,183,103
  TOTAL LIABILITIES 3,188,022
 Regular Reserve 0
 Other Reserves 202,364
 Undivided Earnings 573,576
  TOTAL EQUITY 775,940
  TOTAL LIABILITIES, SHARES, & EQUITY 3,963,962
INCOME & EXPENSE  
 Loan Income 30,335
 Investment Income 1,105
 Other Income 3,368
 Total Employee Compensation & Benefits 25,018
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 27,437
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 488
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -3,099
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