Jun, 30, 2024 — DUTCH POINT CREDIT UNION is a federally insured state chartered credit union headquartered in WETHERSFIELD, CT with 8 branch locations and about $456.01 million in total assets. Opened 65 years ago in 1960, DUTCH POINT CREDIT UNION has about 23,670 members and employs 69 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DUTCH POINT CREDIT UNION |
|---|---|
| Address: (Main Office) | 195 Silas Deane Hwy WETHERSFIELD, CT 06109-1240 |
| Phone: | (860) 563-2617 |
| Fax: | (860) 529-6827 |
| Website: | https://www.dutchpoint.org |
| Branches: | 8 branch locations |
| Members: | 23,670 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60457 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $456,010,170 |
| CEO/Manager: | Francis R Proto |
| Chairperson: | Richard S Zajack |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,557,475 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 128,112,210 |
| Unsecured Loans | 21,729,127 |
| Other Loans | 70,059,346 |
| TOTAL LOANS | 219,900,683 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -444,534 |
| Land And Building | 2,167,101 |
| Other Fixed Assets | 649,155 |
| NCUSIF Deposit | 3,970,847 |
| All Other Assets | 0 |
| TOTAL ASSETS | 456,010,170 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 37,310 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,450,467 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,867,104 |
| Regular shares | 193,176,684 |
| All Other Shares & Deposits | 182,461,137 |
| TOTAL SHARES & DEPOSITS | 409,504,925 |
| TOTAL LIABILITIES | 411,992,702 |
| Regular Reserve | 0 |
| Other Reserves | 6,940,848 |
| Undivided Earnings | 37,076,620 |
| TOTAL EQUITY | 44,017,468 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 456,010,170 |
| INCOME & EXPENSE | |
| Loan Income | 6,043,720 |
| Investment Income | 1,600,826 |
| Other Income | 1,499,300 |
| Total Employee Compensation & Benefits | 4,298,273 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,195,809 |
| Non-operating Income & (Expense) | 1,370,815 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 205,142 |
| Cost of Funds | 511,277 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,635,920 |
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