Jun, 30, 2024 — SKYLINE FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in WATERBURY, CT with 1 branch location and about $38.46 million in total assets. Opened 89 years ago in 1935, SKYLINE FINANCIAL FEDERAL CREDIT UNION has about 4,443 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SKYLINE FINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 3528 E Main St WATERBURY, CT 06705 |
Phone: | (203) 755-2030 |
Fax: | (203) 578-3079 |
Website: | https://www.skylinefinancialfcu.com |
Branches: | 1 branch locations |
Members: | 4,443 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 452 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $38,464,529 |
CEO/Manager: | James Higgins |
Chairperson: | Margaret Therkildsen |
ASSETS: | $ Amount |
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Cash & Equivalents | 610,392 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,307,046 |
Unsecured Loans | 1,619,248 |
Other Loans | 9,607,766 |
TOTAL LOANS | 17,828,843 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,170 |
Land And Building | 0 |
Other Fixed Assets | 32,879 |
NCUSIF Deposit | 334,710 |
All Other Assets | 0 |
TOTAL ASSETS | 38,464,529 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 636,863 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,120,923 |
Regular shares | 23,068,641 |
All Other Shares & Deposits | 5,720,332 |
TOTAL SHARES & DEPOSITS | 34,909,896 |
TOTAL LIABILITIES | 35,546,759 |
Regular Reserve | 0 |
Other Reserves | 854,920 |
Undivided Earnings | 2,062,850 |
TOTAL EQUITY | 2,917,770 |
TOTAL LIABILITIES, SHARES, & EQUITY | 38,464,529 |
INCOME & EXPENSE | |
Loan Income | 602,234 |
Investment Income | 176,159 |
Other Income | 312,152 |
Total Employee Compensation & Benefits | 542,605 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 573,651 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,000 |
Cost of Funds | 31,769 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -73,480 |
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