Dec, 31, 2023 — NORWALK HOSPITAL CREDIT UNION is a federally insured state chartered credit union headquartered in NORWALK, CT with 1 branch location and about $36.35 million in total assets. Opened 49 years ago in 1975, NORWALK HOSPITAL CREDIT UNION has about 2,425 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: | 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: | 2,425 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $36,347,154 |
| CEO/Manager: | Donald K Robertson |
| Chairperson: | Peter G Arakelian |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 914,242 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,914,110 |
| Unsecured Loans | 555,867 |
| Other Loans | 3,408,460 |
| TOTAL LOANS | 8,878,437 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,844 |
| Land And Building | 0 |
| Other Fixed Assets | 3,880 |
| NCUSIF Deposit | 358,786 |
| All Other Assets | 0 |
| TOTAL ASSETS | 36,347,154 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 27,375 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,063,547 |
| Regular shares | 9,747,650 |
| All Other Shares & Deposits | 20,281,849 |
| TOTAL SHARES & DEPOSITS | 33,093,046 |
| TOTAL LIABILITIES | 33,120,421 |
| Regular Reserve | 0 |
| Other Reserves | 260,967 |
| Undivided Earnings | 2,965,766 |
| TOTAL EQUITY | 3,226,733 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 36,347,154 |
| INCOME & EXPENSE | |
| Loan Income | 424,155 |
| Investment Income | 367,925 |
| Other Income | 105,456 |
| Total Employee Compensation & Benefits | 350,805 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 327,264 |
| Non-operating Income & (Expense) | 119,865 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,021 |
| Cost of Funds | 334,710 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -22,689 |
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