Dec, 31, 2023 — 360 FEDERAL CREDIT UNION is a federal credit union headquartered in WINDSOR LOCKS, CT with 5 branch locations and about $312.40 million in total assets. Opened 72 years ago in 1952, 360 FEDERAL CREDIT UNION has about 19,474 members and employs 68 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: | 5 branch locations |
| Members: | 19,474 |
| 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: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $312,397,065 |
| CEO/Manager: | Duane Crisco |
| Chairperson: | Chinh Bui |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,885,280 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 134,427,809 |
| Unsecured Loans | 18,225,181 |
| Other Loans | 37,390,888 |
| TOTAL LOANS | 190,043,879 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,731,543 |
| Land And Building | 5,438,332 |
| Other Fixed Assets | 1,156,801 |
| NCUSIF Deposit | 2,841,618 |
| All Other Assets | 135,000 |
| TOTAL ASSETS | 312,397,065 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,597,071 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 78,924,802 |
| Regular shares | 141,476,502 |
| All Other Shares & Deposits | 59,558,779 |
| TOTAL SHARES & DEPOSITS | 279,960,082 |
| TOTAL LIABILITIES | 285,557,153 |
| Regular Reserve | 0 |
| Other Reserves | 4,284,914 |
| Undivided Earnings | 22,554,998 |
| TOTAL EQUITY | 26,839,912 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 312,397,065 |
| INCOME & EXPENSE | |
| Loan Income | 9,781,836 |
| Investment Income | 1,858,720 |
| Other Income | 1,276,556 |
| Total Employee Compensation & Benefits | 5,796,051 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,067,171 |
| Non-operating Income & (Expense) | 41,372 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 347,306 |
| Cost of Funds | 820,670 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,202,934 |
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