MERRITT FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.merrittfcu.com for more information.
Dec, 31, 2023 — MERRITT FEDERAL CREDIT UNION is a federal credit union headquartered in WILTON, CT with 1 branch location and about $12.37 million in total assets. Opened 83 years ago in 1941, MERRITT FEDERAL CREDIT UNION has about 1,912 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MERRITT FEDERAL CREDIT UNION |
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Address: (Main Office) | 3 DANBURY RD WILTON, CT 06897-4305 |
Phone: | (203) 210-7585 |
Fax: | (203) 210-7587 |
Website: | https://www.merrittfcu.com |
Branches: | 1 branch locations |
Members: | 1,912 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4303 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,374,915 |
CEO/Manager: | Edward H Fox |
Chairperson: | David B Hartman |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,295,794 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,115,120 |
Unsecured Loans | 794,826 |
Other Loans | 1,611,048 |
TOTAL LOANS | 5,520,994 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -106,470 |
Land And Building | 538,859 |
Other Fixed Assets | 16,708 |
NCUSIF Deposit | 117,210 |
All Other Assets | 0 |
TOTAL ASSETS | 12,374,915 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,790 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 89,451 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,214,039 |
Regular shares | 6,701,409 |
All Other Shares & Deposits | 2,231,132 |
TOTAL SHARES & DEPOSITS | 11,146,580 |
TOTAL LIABILITIES | 11,237,821 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,137,094 |
TOTAL EQUITY | 1,137,094 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,374,915 |
INCOME & EXPENSE | |
Loan Income | 223,403 |
Investment Income | 59,704 |
Other Income | 26,818 |
Total Employee Compensation & Benefits | 207,136 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 244,423 |
Non-operating Income & (Expense) | 140,889 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,516 |
Cost of Funds | 10,370 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -12,631 |
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