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SKYLINE FINANCIAL FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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