Dec, 31, 2023 — AMERICAN EAGLE FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in EAST HARTFORD, CT with 16 branch locations and about $2.70 billion in total assets. Opened 89 years ago in 1935, AMERICAN EAGLE FINANCIAL CREDIT UNION has about 183,386 members and employs 358 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMERICAN EAGLE FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 333 E River Dr EAST HARTFORD, CT 06108-4200 |
| Phone: | (860) 568-2020 |
| Fax: | (860) 659-6915 |
| Website: | https://www.americaneagle.org |
| Branches: | 16 branch locations |
| Members: | 183,386 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68659 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,699,085,948 |
| CEO/Manager: | Howard Brady |
| Chairperson: | Raymond C Gandy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 643,992,811 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,021,057,578 |
| Unsecured Loans | 78,224,273 |
| Other Loans | 528,421,420 |
| TOTAL LOANS | 1,627,703,271 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,420,849 |
| Land And Building | 20,477,314 |
| Other Fixed Assets | 2,914,875 |
| NCUSIF Deposit | 21,889,537 |
| All Other Assets | 75,963 |
| TOTAL ASSETS | 2,699,085,948 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,768,930 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 50,830,180 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 438,600,150 |
| Regular shares | 641,624,834 |
| All Other Shares & Deposits | 1,328,661,538 |
| TOTAL SHARES & DEPOSITS | 2,408,886,523 |
| TOTAL LIABILITIES | 2,461,485,633 |
| Regular Reserve | 0 |
| Other Reserves | 955,907 |
| Undivided Earnings | 236,644,408 |
| TOTAL EQUITY | 237,600,315 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,699,085,948 |
| INCOME & EXPENSE | |
| Loan Income | 68,684,813 |
| Investment Income | 21,819,384 |
| Other Income | 6,779,809 |
| Total Employee Compensation & Benefits | 36,121,554 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 33,720,004 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,700,975 |
| Cost of Funds | 27,413,802 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,019,045 |
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