Dec, 31, 2023 — WINDSOR LOCKS FEDERAL CREDIT UNION is a federal credit union headquartered in WINDSOR LOCKS, CT with 1 branch location and about $84.07 million in total assets. Opened 84 years ago in 1940, WINDSOR LOCKS FEDERAL CREDIT UNION has about 4,227 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WINDSOR LOCKS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 516 Spring St WINDSOR LOCKS, CT 06096 |
| Phone: | (860) 292-2940 |
| Fax: | (860) 623-3031 |
| Website: | https://www.riverbankfcu.com |
| Branches: | 1 branch locations |
| Members: | 4,227 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3757 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $84,070,243 |
| CEO/Manager: | Charla R Stetson |
| Chairperson: | Lynn Pellerano |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,245,739 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,550,333 |
| Unsecured Loans | 1,501,236 |
| Other Loans | 5,092,886 |
| TOTAL LOANS | 35,144,455 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -238,260 |
| Land And Building | 984,883 |
| Other Fixed Assets | 131,874 |
| NCUSIF Deposit | 767,434 |
| All Other Assets | 0 |
| TOTAL ASSETS | 84,070,243 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,534 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 826,229 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,763,061 |
| Regular shares | 33,473,597 |
| All Other Shares & Deposits | 24,563,383 |
| TOTAL SHARES & DEPOSITS | 75,800,041 |
| TOTAL LIABILITIES | 76,636,804 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,433,439 |
| TOTAL EQUITY | 7,433,439 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 84,070,243 |
| INCOME & EXPENSE | |
| Loan Income | 1,715,058 |
| Investment Income | 808,747 |
| Other Income | 294,304 |
| Total Employee Compensation & Benefits | 1,522,437 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,060,110 |
| Non-operating Income & (Expense) | 25,092 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,440 |
| Cost of Funds | 333,010 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 262,864 |
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