Dec, 31, 2023 — STATE POLICE CREDIT UNION INC. is a federally insured state chartered credit union headquartered in MERIDEN, CT with 2 branch locations and about $78.65 million in total assets. Opened 64 years ago in 1960, STATE POLICE CREDIT UNION INC. has about 2,872 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: | STATE POLICE CREDIT UNION INC. |
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Address: (Main Office) | 321 Research Pkwy Ste 202 MERIDEN, CT 06450 |
Phone: | (800) 310-7728 |
Fax: | (203) 237-2119 |
Website: | https://www.cspcu.org |
Branches: | 2 branch locations |
Members: | 2,872 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60048 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $78,652,561 |
CEO/Manager: | John S Gasiorowski |
Chairperson: | John Kolosky |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,997,019 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 16,563,054 |
Unsecured Loans | 1,404,387 |
Other Loans | 2,930,092 |
TOTAL LOANS | 20,897,533 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -141,743 |
Land And Building | 0 |
Other Fixed Assets | 10,206 |
NCUSIF Deposit | 618,255 |
All Other Assets | 0 |
TOTAL ASSETS | 78,652,561 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,218,376 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,874,661 |
Regular shares | 38,105,405 |
All Other Shares & Deposits | 18,664,616 |
TOTAL SHARES & DEPOSITS | 66,644,682 |
TOTAL LIABILITIES | 67,863,058 |
Regular Reserve | 0 |
Other Reserves | 435,127 |
Undivided Earnings | 10,354,376 |
TOTAL EQUITY | 10,789,503 |
TOTAL LIABILITIES, SHARES, & EQUITY | 78,652,561 |
INCOME & EXPENSE | |
Loan Income | 788,334 |
Investment Income | 1,064,534 |
Other Income | 99,287 |
Total Employee Compensation & Benefits | 687,800 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 680,591 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 316,539 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 341,462 |
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