Sep, 30, 2025 — NUTMEG STATE FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in ROCKY HILL, CT with 9 branch locations and about $716.80 million in total assets. Opened 91 years ago in 1935, NUTMEG STATE FINANCIAL CREDIT UNION has about 55,418 members and employs 111 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NUTMEG STATE FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 500 Enterprise Dr Ste 4A ROCKY HILL, CT 06067 |
| Phone: | (860) 513-5000 |
| Fax: | (860) 513-5030 |
| Website: | https://www.nutmegstatefcu.org |
| Branches: | 9 branch locations |
| Members: | 55,418 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68657 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $716,802,798 |
| CEO/Manager: | John D Holt |
| Chairperson: | Luis Ramos |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,330,358 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 370,947,130 |
| Unsecured Loans | 32,868,278 |
| Other Loans | 195,210,094 |
| TOTAL LOANS | 599,025,502 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,129,085 |
| Land And Building | 4,946,752 |
| Other Fixed Assets | 5,956,762 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,335,239 |
| All Other Assets | 0 |
| TOTAL ASSETS | 716,802,798 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 21,800,000 |
| Accounts Payable & Other Liabilities | 12,512,490 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 105,099,401 |
| Regular shares | 164,876,804 |
| All Other Shares & Deposits | 326,877,012 |
| TOTAL SHARES & DEPOSITS | 596,853,217 |
| TOTAL LIABILITIES | 631,230,039 |
| Regular Reserve | 0 |
| Other Reserves | 16,794,972 |
| Undivided Earnings | 68,777,787 |
| TOTAL EQUITY | 85,572,759 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 716,802,798 |
| INCOME & EXPENSE | |
| Loan Income | 25,249,059 |
| Investment Income | 2,398,378 |
| Other Income | 4,312,884 |
| Total Employee Compensation & Benefits | 10,026,529 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 10,796,632 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,325,556 |
| Cost of Funds | 7,123,478 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,360,578 |
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