Dec, 31, 2023 — SKYLINE FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in WATERBURY, CT with 1 branch location and about $38.73 million in total assets. Opened 89 years ago in 1935, SKYLINE FINANCIAL FEDERAL CREDIT UNION has about 4,029 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SKYLINE FINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 3528 E Main St WATERBURY, CT 06705 |
Phone: | (203) 755-2030 |
Fax: | (203) 578-3079 |
Website: | https://www.skylinefinancialfcu.com |
Branches: | 1 branch locations |
Members: | 4,029 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 452 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $38,732,532 |
CEO/Manager: | James Higgins |
Chairperson: | Tom Oneil |
ASSETS: | $ Amount |
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Cash & Equivalents | 254,420 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,765,620 |
Unsecured Loans | 1,742,244 |
Other Loans | 12,294,939 |
TOTAL LOANS | 21,643,795 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,673 |
Land And Building | 0 |
Other Fixed Assets | 75,952 |
NCUSIF Deposit | 343,130 |
All Other Assets | 0 |
TOTAL ASSETS | 38,732,532 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 762,357 |
Accounts Payable & Other Liabilities | 378,544 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,573,395 |
Regular shares | 20,826,959 |
All Other Shares & Deposits | 7,379,034 |
TOTAL SHARES & DEPOSITS | 34,779,388 |
TOTAL LIABILITIES | 35,920,289 |
Regular Reserve | 0 |
Other Reserves | 854,920 |
Undivided Earnings | 1,957,323 |
TOTAL EQUITY | 2,812,243 |
TOTAL LIABILITIES, SHARES, & EQUITY | 38,732,532 |
INCOME & EXPENSE | |
Loan Income | 1,040,167 |
Investment Income | 321,229 |
Other Income | 201,869 |
Total Employee Compensation & Benefits | 660,846 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 883,174 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -13,223 |
Cost of Funds | 133,028 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 70,908 |
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