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SKYLINE FINANCIAL FEDERAL CREDIT UNION

Mar, 31, 2022 — SKYLINE FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in WATERBURY, CT with 1 branch location and about $38.61 million in total assets. Opened 87 years ago in 1935, SKYLINE FINANCIAL FEDERAL CREDIT UNION has about 4,466 members and employs 7 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
Address:
(Main Office)
3528 E Main St
WATERBURY, CT 06705
Phone:(203) 755-2030
Fax:(203) 578-3079
Website:http://www.skylinefinancialfcu.com
Branches:1 branch locations
Members:4,466
Credit Union Type:Federal Credit Union
Charter Number:452
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:$38,612,156
CEO/Manager:James Higgins
Chairperson:Margaret Therkildsen

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,709,400
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,113,302
 Unsecured Loans 1,562,455
 Other Loans 8,074,116
 TOTAL LOANS 15,051,185
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -13,909
 Land And Building 0
 Other Fixed Assets 24,987
 NCUSIF Deposit 318,239
 All Other Assets 0
  TOTAL ASSETS 38,612,156
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 49,208
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,221,287
 Regular shares 23,753,317
 All Other Shares & Deposits 5,609,898
  TOTAL SHARES & DEPOSITS 35,584,502
  TOTAL LIABILITIES 35,633,710
 Regular Reserve 0
 Other Reserves 854,920
 Undivided Earnings 2,123,526
  TOTAL EQUITY 2,978,446
  TOTAL LIABILITIES, SHARES, & EQUITY 38,612,156
INCOME & EXPENSE  
 Loan Income 190,992
 Investment Income 47,010
 Other Income 118,699
 Total Employee Compensation & Benefits 167,906
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 186,499
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,000
 Cost of Funds 11,100
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -12,804
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