Dec, 31, 2022 — 360 FEDERAL CREDIT UNION is a federal credit union headquartered in WINDSOR LOCKS, CT with 4 branch locations and about $327.88 million in total assets. Opened 71 years ago in 1952, 360 FEDERAL CREDIT UNION has about 18,692 members and employs 62 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 360 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 191 Ella Grasso Tpke WINDSOR LOCKS, CT 06096-1026 |
| Phone: | (860) 627-4200 |
| Fax: | (860) 627-4224 |
| Website: | https://www.360fcu.org |
| Branches: | 4 branch locations |
| Members: | 18,692 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7723 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Feb 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $327,879,460 |
| CEO/Manager: | Duane Crisco |
| Chairperson: | Chinh Bui |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,788,870 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 130,057,806 |
| Unsecured Loans | 20,324,297 |
| Other Loans | 37,296,737 |
| TOTAL LOANS | 187,678,840 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,490,580 |
| Land And Building | 3,944,228 |
| Other Fixed Assets | 637,030 |
| NCUSIF Deposit | 2,716,400 |
| All Other Assets | 384,071 |
| TOTAL ASSETS | 327,879,460 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,109,557 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 83,417,908 |
| Regular shares | 162,362,139 |
| All Other Shares & Deposits | 53,466,557 |
| TOTAL SHARES & DEPOSITS | 299,246,604 |
| TOTAL LIABILITIES | 303,356,161 |
| Regular Reserve | 0 |
| Other Reserves | 4,284,915 |
| Undivided Earnings | 20,238,384 |
| TOTAL EQUITY | 24,523,299 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 327,879,460 |
| INCOME & EXPENSE | |
| Loan Income | 6,400,024 |
| Investment Income | 459,572 |
| Other Income | 885,866 |
| Total Employee Compensation & Benefits | 4,158,956 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,004,091 |
| Non-operating Income & (Expense) | 70,017 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 134,019 |
| Cost of Funds | 244,757 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,844,235 |
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