Dec, 31, 2022 — NORWALK HOSPITAL CREDIT UNION is a federally insured state chartered credit union headquartered in NORWALK, CT with 1 branch location and about $40.68 million in total assets. Opened 48 years ago in 1975, NORWALK HOSPITAL CREDIT UNION has about 2,513 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: | NORWALK HOSPITAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 31 1/2 Stevens St NORWALK, CT 06850-3805 |
| Phone: | (203) 857-4530 |
| Fax: | (203) 857-4798 |
| Website: | https://www.nohocu.org |
| Branches: | 1 branch locations |
| Members: | 2,513 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65954 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Apr 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,683,019 |
| CEO/Manager: | Donald K Robertson |
| Chairperson: | Peter G Arakelian |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,661,233 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,001,788 |
| Unsecured Loans | 500,475 |
| Other Loans | 2,392,724 |
| TOTAL LOANS | 7,894,987 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -59,421 |
| Land And Building | 0 |
| Other Fixed Assets | 11,227 |
| NCUSIF Deposit | 358,786 |
| All Other Assets | 0 |
| TOTAL ASSETS | 40,683,019 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 39,007 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,712,871 |
| Regular shares | 10,673,257 |
| All Other Shares & Deposits | 23,941,625 |
| TOTAL SHARES & DEPOSITS | 37,327,753 |
| TOTAL LIABILITIES | 37,366,760 |
| Regular Reserve | 0 |
| Other Reserves | 260,967 |
| Undivided Earnings | 3,055,292 |
| TOTAL EQUITY | 3,316,259 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,683,019 |
| INCOME & EXPENSE | |
| Loan Income | 249,621 |
| Investment Income | 318,665 |
| Other Income | 69,645 |
| Total Employee Compensation & Benefits | 280,159 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 225,265 |
| Non-operating Income & (Expense) | 207,486 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,324 |
| Cost of Funds | 132,858 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 220,908 |
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