Jun, 30, 2024 — FIRST BRISTOL FEDERAL CREDIT UNION is a federal credit union headquartered in BRISTOL, CT with 2 branch locations and about $112.48 million in total assets. Opened 90 years ago in 1935, FIRST BRISTOL FEDERAL CREDIT UNION has about 5,948 members and employs 24 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: | 5,948 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $112,477,346 |
| CEO/Manager: | Mark J Cornacchio |
| Chairperson: | Stephen P Adamowich |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,754,319 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,403,643 |
| Unsecured Loans | 1,043,590 |
| Other Loans | 15,373,161 |
| TOTAL LOANS | 33,820,394 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -353,365 |
| Land And Building | 1,642,990 |
| Other Fixed Assets | 158,670 |
| NCUSIF Deposit | 980,397 |
| All Other Assets | 0 |
| TOTAL ASSETS | 112,477,346 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,500 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 487,596 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,973,472 |
| Regular shares | 57,712,323 |
| All Other Shares & Deposits | 23,420,353 |
| TOTAL SHARES & DEPOSITS | 102,106,148 |
| TOTAL LIABILITIES | 102,598,244 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,879,102 |
| TOTAL EQUITY | 9,879,102 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 112,477,346 |
| INCOME & EXPENSE | |
| Loan Income | 1,125,621 |
| Investment Income | 622,677 |
| Other Income | 291,818 |
| Total Employee Compensation & Benefits | 1,488,728 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,060,237 |
| Non-operating Income & (Expense) | 16,200 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 52,500 |
| Cost of Funds | 37,262 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 59,996 |
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