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National Credit Union Service Organization

REGIONAL WATER AUTHORITY EMPLOYEES CREDIT UNION

Mar, 31, 2022 — REGIONAL WATER AUTHORITY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in NEW HAVEN, CT with 1 branch location and about $7.18 million in total assets. Opened 67 years ago in 1955, REGIONAL WATER AUTHORITY EMPLOYEES CREDIT UNION has about 477 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:REGIONAL WATER AUTHORITY EMPLOYEES CREDIT UNION
Address:
(Main Office)
90 Sargent Dr
NEW HAVEN, CT 06511-5918
Phone:(203) 401-2750
Fax:(203) 624-9923
Website:n/a
Branches:1 branch locations
Members:477
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66044
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1955
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$7,179,991
CEO/Manager:Sarah Bochicchio
Chairperson:Marcel A Piekarski

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 290,277
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 130,095
 Unsecured Loans 72,988
 Other Loans 896,850
 TOTAL LOANS 1,099,933
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,990
 Land And Building 0
 Other Fixed Assets 10
 NCUSIF Deposit 57,466
 All Other Assets 0
  TOTAL ASSETS 7,179,991
LIABILITIES & CAPITAL:  
 Dividends Payable 3,871
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 24,865
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,255,654
 All Other Shares & Deposits 182,681
  TOTAL SHARES & DEPOSITS 6,438,335
  TOTAL LIABILITIES 6,467,071
 Regular Reserve 0
 Other Reserves 101,173
 Undivided Earnings 611,747
  TOTAL EQUITY 712,920
  TOTAL LIABILITIES, SHARES, & EQUITY 7,179,991
INCOME & EXPENSE  
 Loan Income 8,331
 Investment Income 17,232
 Other Income 0
 Total Employee Compensation & Benefits 18,647
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 16,699
 Non-operating Income & (Expense) 13,704
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,871
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 50
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