Dec, 31, 2023 — 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 $6.57 million in total assets. Opened 69 years ago in 1955, REGIONAL WATER AUTHORITY EMPLOYEES CREDIT UNION has about 466 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 |
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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: | 466 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66044 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,569,342 |
CEO/Manager: | Sarah Bochicchio |
Chairperson: | Marcel A Piekarski |
ASSETS: | $ Amount |
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Cash & Equivalents | 86,295 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 171,357 |
Unsecured Loans | 111,780 |
Other Loans | 1,248,148 |
TOTAL LOANS | 1,531,285 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,740 |
Land And Building | 0 |
Other Fixed Assets | 10 |
NCUSIF Deposit | 62,930 |
All Other Assets | 0 |
TOTAL ASSETS | 6,569,342 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 14,863 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 30,879 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 5,677,599 |
All Other Shares & Deposits | 132,563 |
TOTAL SHARES & DEPOSITS | 5,810,162 |
TOTAL LIABILITIES | 5,855,904 |
Regular Reserve | 0 |
Other Reserves | 101,173 |
Undivided Earnings | 612,265 |
TOTAL EQUITY | 713,438 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,569,342 |
INCOME & EXPENSE | |
Loan Income | 58,941 |
Investment Income | 79,626 |
Other Income | 0 |
Total Employee Compensation & Benefits | 75,416 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 17,518 |
Non-operating Income & (Expense) | 2,660 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 48,065 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 228 |
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