Mar, 31, 2022 — FIRST CONNECTICUT CREDIT UNION is a federally insured state chartered credit union headquartered in WALLINGFORD, CT with 2 branch locations and about $50.16 million in total assets. Opened 43 years ago in 1979, FIRST CONNECTICUT CREDIT UNION has about 11,337 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST CONNECTICUT CREDIT UNION |
|---|---|
| Address: (Main Office) | 159 S Turnpike Rd WALLINGFORD, CT 06492 |
| Phone: | (203) 269-8718 |
| Fax: | |
| Website: | http://www.firstconnecticut.org |
| Branches: | 2 branch locations |
| Members: | 11,337 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66062 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,157,902 |
| CEO/Manager: | Susan J Brown |
| Chairperson: | Carl A Skudlarek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,300,467 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,403,696 |
| Unsecured Loans | 2,296,350 |
| Other Loans | 34,549,300 |
| TOTAL LOANS | 38,249,346 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -317,238 |
| Land And Building | 647,033 |
| Other Fixed Assets | 186,632 |
| NCUSIF Deposit | 404,491 |
| All Other Assets | 0 |
| TOTAL ASSETS | 50,157,902 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 182,397 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,106,837 |
| Regular shares | 30,609,227 |
| All Other Shares & Deposits | 11,381,055 |
| TOTAL SHARES & DEPOSITS | 46,097,119 |
| TOTAL LIABILITIES | 46,279,516 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,878,386 |
| TOTAL EQUITY | 3,878,386 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,157,902 |
| INCOME & EXPENSE | |
| Loan Income | 639,663 |
| Investment Income | 5,151 |
| Other Income | 50,244 |
| Total Employee Compensation & Benefits | 239,833 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 234,246 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 120,000 |
| Cost of Funds | 14,601 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 186,584 |
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