Dec, 31, 2023 — NUTMEG STATE FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in ROCKY HILL, CT with 10 branch locations and about $584.72 million in total assets. Opened 89 years ago in 1935, NUTMEG STATE FINANCIAL CREDIT UNION has about 43,332 members and employs 105 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: | 10 branch locations |
Members: | 43,332 |
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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $584,719,438 |
CEO/Manager: | John D Holt |
Chairperson: | Luis Ramos |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 47,867,257 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 298,892,064 |
Unsecured Loans | 38,034,968 |
Other Loans | 109,906,785 |
TOTAL LOANS | 446,833,817 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,978,033 |
Land And Building | 5,770,526 |
Other Fixed Assets | 9,291,953 |
NCUSIF Deposit | 4,463,228 |
All Other Assets | 0 |
TOTAL ASSETS | 584,719,438 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 15,000,000 |
Accounts Payable & Other Liabilities | 14,322,246 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 84,446,344 |
Regular shares | 121,953,796 |
All Other Shares & Deposits | 276,709,429 |
TOTAL SHARES & DEPOSITS | 483,109,569 |
TOTAL LIABILITIES | 512,672,465 |
Regular Reserve | 0 |
Other Reserves | 6,021,492 |
Undivided Earnings | 66,025,481 |
TOTAL EQUITY | 72,046,973 |
TOTAL LIABILITIES, SHARES, & EQUITY | 584,719,438 |
INCOME & EXPENSE | |
Loan Income | 21,617,920 |
Investment Income | 3,290,189 |
Other Income | 7,252,001 |
Total Employee Compensation & Benefits | 13,057,249 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 12,417,573 |
Non-operating Income & (Expense) | -266,047 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 853,123 |
Cost of Funds | 5,714,494 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,043,835 |
↑ Back to Top |
» See also Statement of Financial Condition