Dec, 31, 2021 — CONNECTICUT STATE EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in HARTFORD, CT with 7 branch locations and about $2.48 billion in total assets. Opened 76 years ago in 1946, CONNECTICUT STATE EMPLOYEES CREDIT UNION has about 66,063 members and employs 67 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CONNECTICUT STATE EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 84 Wadsworth St HARTFORD, CT 06106 |
| Phone: | (860) 249-4839 |
| Fax: | (860) 525-4077 |
| Website: | http://csecreditunion.com |
| Branches: | 7 branch locations |
| Members: | 66,063 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65728 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,481,303,480 |
| CEO/Manager: | Daniel Daigle |
| Chairperson: | Kenneth Post |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 762,372,002 |
| TOTAL INVESTMENTS | 1,309,401,797 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 317,839,998 |
| Unsecured Loans | 13,312,508 |
| Other Loans | 48,929,388 |
| TOTAL LOANS | 380,081,894 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -700,000 |
| Land And Building | 150,838 |
| Other Fixed Assets | 165,223 |
| NCUSIF Deposit | 20,499,293 |
| All Other Assets | 9,332,433 |
| TOTAL ASSETS | 2,481,303,480 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,253,459 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,571,588 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 134,976,232 |
| Regular shares | 1,965,876,085 |
| All Other Shares & Deposits | 197,544,185 |
| TOTAL SHARES & DEPOSITS | 2,298,396,502 |
| TOTAL LIABILITIES | 2,303,221,549 |
| Regular Reserve | 20,000,000 |
| Other Reserves | 158,081,431 |
| Undivided Earnings | 500 |
| TOTAL EQUITY | 178,081,931 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,481,303,480 |
| INCOME & EXPENSE | |
| Loan Income | 12,633,199 |
| Investment Income | 20,121,646 |
| Other Income | 404,162 |
| Total Employee Compensation & Benefits | 6,878,935 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,222,746 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 12,501,233 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,740,454 |
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