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 |
| 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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