Dec, 31, 2023 — FD COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in WATERBURY, CT with 2 branch locations and about $142.66 million in total assets. Opened 90 years ago in 1934, FD COMMUNITY FEDERAL CREDIT UNION has about 14,349 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FD COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 601 Watertown Ave WATERBURY, CT 06708 |
| Phone: | (203) 753-9201 |
| Fax: | (203) 756-6886 |
| Website: | https://www.fdcommunityfcu.org |
| Branches: | 2 branch locations |
| Members: | 14,349 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 42 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $142,656,036 |
| CEO/Manager: | Ann Marino |
| Chairperson: | Joseph DelBuono |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,365,223 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,258,045 |
| Unsecured Loans | 7,499,219 |
| Other Loans | 25,796,504 |
| TOTAL LOANS | 81,848,313 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -593,613 |
| Land And Building | 1,956,544 |
| Other Fixed Assets | 406,301 |
| NCUSIF Deposit | 1,295,885 |
| All Other Assets | 0 |
| TOTAL ASSETS | 142,656,036 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,975 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,538,713 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,919,604 |
| Regular shares | 72,229,038 |
| All Other Shares & Deposits | 29,234,434 |
| TOTAL SHARES & DEPOSITS | 126,383,076 |
| TOTAL LIABILITIES | 127,928,764 |
| Regular Reserve | 0 |
| Other Reserves | 2,056,058 |
| Undivided Earnings | 12,671,214 |
| TOTAL EQUITY | 14,727,272 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 142,656,036 |
| INCOME & EXPENSE | |
| Loan Income | 3,852,010 |
| Investment Income | 1,566,557 |
| Other Income | 1,257,385 |
| Total Employee Compensation & Benefits | 1,883,213 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,681,066 |
| Non-operating Income & (Expense) | -152,967 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 70,529 |
| Cost of Funds | 560,947 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,732,698 |
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