Dec, 31, 2023 — COMMUNITY CREDIT UNION OF NEW MILFORD, INC. is a federally insured state chartered credit union headquartered in NEW MILFORD, CT with 2 branch locations and about $15.17 million in total assets. Opened 65 years ago in 1959, COMMUNITY CREDIT UNION OF NEW MILFORD, INC. has about 1,965 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 CREDIT UNION OF NEW MILFORD, INC. |
---|---|
Address: (Main Office) | 145C Danbury Rd NEW MILFORD, CT 06776 |
Phone: | (860) 210-0777 |
Fax: | (860) 210-0757 |
Website: | https://www.ccunm.org |
Branches: | 2 branch locations |
Members: | 1,965 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61261 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,166,090 |
CEO/Manager: | John Kmetz |
Chairperson: | Martin Landgrebe |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 798,629 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,575,964 |
Unsecured Loans | 571,460 |
Other Loans | 4,981,552 |
TOTAL LOANS | 7,128,977 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,801 |
Land And Building | 2,411 |
Other Fixed Assets | 5,559 |
NCUSIF Deposit | 144,545 |
All Other Assets | 0 |
TOTAL ASSETS | 15,166,090 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -25,304 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,594,608 |
Regular shares | 9,083,879 |
All Other Shares & Deposits | 432,294 |
TOTAL SHARES & DEPOSITS | 14,110,781 |
TOTAL LIABILITIES | 14,085,477 |
Regular Reserve | 0 |
Other Reserves | 476,143 |
Undivided Earnings | 604,470 |
TOTAL EQUITY | 1,080,613 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,166,090 |
INCOME & EXPENSE | |
Loan Income | 357,023 |
Investment Income | 91,725 |
Other Income | 150,750 |
Total Employee Compensation & Benefits | 233,743 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 273,910 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,829 |
Cost of Funds | 7,498 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 86,312 |
↑ Back to Top |