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 |
↑ Back to Top |