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National Credit Union Service Organization

ACHIEVE FINANCIAL CREDIT UNION

Dec, 31, 2023 — ACHIEVE FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in BERLIN, CT with 3 branch locations and about $192.48 million in total assets. Opened 70 years ago in 1954, ACHIEVE FINANCIAL CREDIT UNION has about 17,859 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211178006
Name:ACHIEVE FINANCIAL CREDIT UNION
Address:
(Main Office)
279 New Britain Rd
BERLIN, CT 06037
Phone:(860) 828-2790
Fax:(860) 828-6080
Website:https://www.achievefinancialcu.com
Branches:3 branch locations
Members:17,859
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61256
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1954
Last Audited:Sep 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$192,475,801
CEO/Manager:Andrew J Klimkoski
Chairperson:John R Fredericks

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,994,899
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 45,968,814
 Unsecured Loans 19,423,646
 Other Loans 67,139,951
 TOTAL LOANS 132,532,411
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,779,128
 Land And Building 4,956,145
 Other Fixed Assets 1,098,182
 NCUSIF Deposit 1,662,337
 All Other Assets 0
  TOTAL ASSETS 192,475,801
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 18,300,000
 Accounts Payable & Other Liabilities 1,537,310
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 34,895,529
 Regular shares 63,747,177
 All Other Shares & Deposits 62,879,418
  TOTAL SHARES & DEPOSITS 161,522,128
  TOTAL LIABILITIES 181,359,438
 Regular Reserve 0
 Other Reserves -1,856,848
 Undivided Earnings 12,973,211
  TOTAL EQUITY 11,116,363
  TOTAL LIABILITIES, SHARES, & EQUITY 192,475,801
INCOME & EXPENSE  
 Loan Income 7,742,326
 Investment Income 737,670
 Other Income 1,381,908
 Total Employee Compensation & Benefits 2,822,571
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,207,567
 Non-operating Income & (Expense) 520,848
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 920,575
 Cost of Funds 2,161,964
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 937,333
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