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SIKORSKY FINANCIAL CREDIT UNION

Dec, 31, 2021 — SIKORSKY FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in STRATFORD, CT with 10 branch locations and about $1.09 billion in total assets. Opened 74 years ago in 1948, SIKORSKY FINANCIAL CREDIT UNION has about 55,576 members and employs 125 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 221180806
Name:SIKORSKY FINANCIAL CREDIT UNION
Address:
(Main Office)
1000 Oronoque Ln
STRATFORD, CT 06614-1394
Phone:(203) 377-2252
Fax:
Website:http://www.sikorskycu.org
Branches:10 branch locations
Members:55,576
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68453
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1948
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$1,094,000,567
CEO/Manager:Vincent Ciambriello Jr.
Chairperson:William F Schlenk

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 230,438,580
TOTAL INVESTMENTS 193,999,089
Loans Held for Sale 131,750
 
 Real Estate Loans 521,124,477
 Unsecured Loans 36,951,904
 Other Loans 95,097,824
 TOTAL LOANS 653,174,205
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,057,859
 Land And Building 1,843,759
 Other Fixed Assets 5,080,699
 NCUSIF Deposit 8,951,619
 All Other Assets 4,438,725
  TOTAL ASSETS 1,094,000,567
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 9,238,573
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 143,016,803
 Regular shares 385,054,396
 All Other Shares & Deposits 445,336,862
  TOTAL SHARES & DEPOSITS 973,408,061
  TOTAL LIABILITIES 982,646,634
 Regular Reserve 10,584,668
 Other Reserves 1,226,901
 Undivided Earnings 99,542,364
  TOTAL EQUITY 111,353,933
  TOTAL LIABILITIES, SHARES, & EQUITY 1,094,000,567
INCOME & EXPENSE  
 Loan Income 22,430,461
 Investment Income 2,015,363
 Other Income 3,896,962
 Total Employee Compensation & Benefits 13,141,008
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 11,620,080
 Non-operating Income & (Expense) 1,273,623
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 779,270
 Cost of Funds 3,255,720
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,827,915
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