Dec, 31, 2023 — FIRST BRISTOL FEDERAL CREDIT UNION is a federal credit union headquartered in BRISTOL, CT with 2 branch locations and about $106.50 million in total assets. Opened 89 years ago in 1935, FIRST BRISTOL FEDERAL CREDIT UNION has about 5,719 members and employs 25 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 BRISTOL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 25 North St BRISTOL, CT 06010 |
| Phone: | (860) 584-0956 |
| Fax: | (860) 583-0743 |
| Website: | https://www.firstbristol.org |
| Branches: | 2 branch locations |
| Members: | 5,719 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 722 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $106,497,192 |
| CEO/Manager: | Mark J Cornacchio |
| Chairperson: | Stephen P Adamowich |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,867,746 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,303,653 |
| Unsecured Loans | 878,115 |
| Other Loans | 13,979,492 |
| TOTAL LOANS | 32,161,260 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -356,610 |
| Land And Building | 1,576,412 |
| Other Fixed Assets | 79,054 |
| NCUSIF Deposit | 998,045 |
| All Other Assets | 0 |
| TOTAL ASSETS | 106,497,192 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,501 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 823,070 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,941,635 |
| Regular shares | 53,142,157 |
| All Other Shares & Deposits | 21,365,066 |
| TOTAL SHARES & DEPOSITS | 95,448,859 |
| TOTAL LIABILITIES | 96,276,430 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,220,762 |
| TOTAL EQUITY | 10,220,762 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 106,497,192 |
| INCOME & EXPENSE | |
| Loan Income | 1,598,724 |
| Investment Income | 1,647,003 |
| Other Income | 390,865 |
| Total Employee Compensation & Benefits | 2,210,593 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,448,744 |
| Non-operating Income & (Expense) | 21,600 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 192,389 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 253,686 |
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