Sep, 30, 2025 — ACHIEVE FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in BERLIN, CT with 3 branch locations and about $183.92 million in total assets. Opened 72 years ago in 1954, ACHIEVE FINANCIAL CREDIT UNION has about 16,499 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ACHIEVE FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 279 New Britain Rd BERLIN, CT 06037 |
| Phone: | (860) 828-2790 |
| Fax: | (860) 828-6080 |
| Website: | https://www.achievefinancialcu.com |
| Branches: | 3 branch locations |
| Members: | 16,499 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61256 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $183,924,819 |
| CEO/Manager: | Andrew J Klimkoski |
| Chairperson: | John R Fredericks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,458,662 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,940,127 |
| Unsecured Loans | 21,473,379 |
| Other Loans | 40,474,517 |
| TOTAL LOANS | 110,888,023 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,936,572 |
| Land And Building | 4,723,291 |
| Other Fixed Assets | 944,452 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,536,676 |
| All Other Assets | 0 |
| TOTAL ASSETS | 183,924,819 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 10,000,000 |
| Accounts Payable & Other Liabilities | 1,307,334 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,518,343 |
| Regular shares | 59,494,294 |
| All Other Shares & Deposits | 64,056,296 |
| TOTAL SHARES & DEPOSITS | 159,068,933 |
| TOTAL LIABILITIES | 170,376,267 |
| Regular Reserve | 0 |
| Other Reserves | 95,174 |
| Undivided Earnings | 13,453,378 |
| TOTAL EQUITY | 13,548,552 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 183,924,819 |
| INCOME & EXPENSE | |
| Loan Income | 5,484,572 |
| Investment Income | 922,441 |
| Other Income | 1,092,877 |
| Total Employee Compensation & Benefits | 2,467,345 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,070,875 |
| Non-operating Income & (Expense) | -91,800 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 605,461 |
| Cost of Funds | 1,142,904 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 321,477 |
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