Dec, 31, 2023 — NEW HAVEN COUNTY CREDIT UNION is a federally insured state chartered credit union headquartered in NORTH HAVEN, CT with 3 branch locations and about $26.86 million in total assets. Opened 61 years ago in 1963, NEW HAVEN COUNTY CREDIT UNION has about 3,093 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEW HAVEN COUNTY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2 Broadway NORTH HAVEN, CT 06473 |
| Phone: | (203) 234-8773 |
| Fax: | (203) 234-8871 |
| Website: | https://www.nhccu.com |
| Branches: | 3 branch locations |
| Members: | 3,093 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65809 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,860,208 |
| CEO/Manager: | Christopher Marone |
| Chairperson: | William A Wollman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,179,340 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,316,808 |
| Unsecured Loans | 1,300,394 |
| Other Loans | 4,870,355 |
| TOTAL LOANS | 13,591,642 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -114,492 |
| Land And Building | 0 |
| Other Fixed Assets | 77,061 |
| NCUSIF Deposit | 232,054 |
| All Other Assets | 0 |
| TOTAL ASSETS | 26,860,208 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 255,240 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,803,938 |
| Regular shares | 15,051,872 |
| All Other Shares & Deposits | 3,394,032 |
| TOTAL SHARES & DEPOSITS | 24,249,841 |
| TOTAL LIABILITIES | 24,505,081 |
| Regular Reserve | 0 |
| Other Reserves | 979,263 |
| Undivided Earnings | 1,375,864 |
| TOTAL EQUITY | 2,355,127 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,860,208 |
| INCOME & EXPENSE | |
| Loan Income | 869,500 |
| Investment Income | 258,991 |
| Other Income | 341,290 |
| Total Employee Compensation & Benefits | 372,571 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 621,772 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,840 |
| Cost of Funds | 9,797 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 518,486 |
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