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SKYLINE FINANCIAL FEDERAL CREDIT UNION

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
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
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

Call Report

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  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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