Dec, 31, 2023 — SEASONS FEDERAL CREDIT UNION is a federal credit union headquartered in MIDDLETOWN, CT with 4 branch locations and about $174.37 million in total assets. Opened 89 years ago in 1935, SEASONS FEDERAL CREDIT UNION has about 13,415 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SEASONS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 524 S Main St MIDDLETOWN, CT 06457-4215 |
| Phone: | (860) 346-6614 |
| Fax: | (860) 346-4214 |
| Website: | https://www.seasonsfcu.org |
| Branches: | 4 branch locations |
| Members: | 13,415 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 854 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $174,368,069 |
| CEO/Manager: | Keith A Wiemert |
| Chairperson: | James Misenti |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,312,083 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 45,990,878 |
| Unsecured Loans | 17,193,128 |
| Other Loans | 62,466,398 |
| TOTAL LOANS | 125,650,404 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -582,728 |
| Land And Building | 2,533,665 |
| Other Fixed Assets | 612,500 |
| NCUSIF Deposit | 1,624,579 |
| All Other Assets | 0 |
| TOTAL ASSETS | 174,368,069 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,500,000 |
| Accounts Payable & Other Liabilities | 3,038,182 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 42,155,765 |
| Regular shares | 62,907,022 |
| All Other Shares & Deposits | 56,057,975 |
| TOTAL SHARES & DEPOSITS | 161,120,762 |
| TOTAL LIABILITIES | 165,658,944 |
| Regular Reserve | 0 |
| Other Reserves | -2,617,656 |
| Undivided Earnings | 11,326,781 |
| TOTAL EQUITY | 8,709,125 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 174,368,069 |
| INCOME & EXPENSE | |
| Loan Income | 6,467,402 |
| Investment Income | 559,947 |
| Other Income | 1,763,644 |
| Total Employee Compensation & Benefits | 4,011,404 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,643,481 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 785,000 |
| Cost of Funds | 1,173,403 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 453,293 |
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