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COMMUNITY HEALTHCARE CREDIT UNION

Mar, 31, 2021 — COMMUNITY HEALTHCARE CREDIT UNION is a federally insured state chartered credit union headquartered in Manchester, CT with 1 branch location and about $17.33 million in total assets. Opened 62 years ago in 1959, COMMUNITY HEALTHCARE CREDIT UNION has about 2,294 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:COMMUNITY HEALTHCARE CREDIT UNION
Address:
(Main Office)
48 Haynes ST
Manchester, CT 06040
Phone:(860) 643-3420
Fax:(860) 643-3428
Website:http://www.chcu.org
Branches:1 branch locations
Members:2,294
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60247
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1959
Last Audited:Aug 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$17,327,908
CEO/Manager:Lisa Vitkus
Chairperson:Kelvin Sims

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,199,937
TOTAL INVESTMENTS 7,057,404
Loans Held for Sale 0
 
 Real Estate Loans 892,553
 Unsecured Loans 2,254,168
 Other Loans 4,513,427
 TOTAL LOANS 7,660,148
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -45,571
 Land And Building 186,055
 Other Fixed Assets 26,750
 NCUSIF Deposit 107,412
 All Other Assets 135,773
  TOTAL ASSETS 17,327,908
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,853
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,672,702
 Regular shares 13,489,054
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 16,161,756
  TOTAL LIABILITIES 16,164,609
 Regular Reserve 241,781
 Other Reserves 0
 Undivided Earnings 921,518
  TOTAL EQUITY 1,163,299
  TOTAL LIABILITIES, SHARES, & EQUITY 17,327,908
INCOME & EXPENSE  
 Loan Income 120,233
 Investment Income 4,916
 Other Income 44,389
 Total Employee Compensation & Benefits 62,158
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 98,478
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 308
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 18,475
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