Dec, 31, 2023 — DEDHAM TOWN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in DEDHAM, MA with 1 branch location and about $9.46 million in total assets. Opened 62 years ago in 1962, DEDHAM TOWN EMPLOYEES FEDERAL CREDIT UNION has about 947 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DEDHAM TOWN EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 202 BUSSEY ST DEDHAM, MA 02026 |
Phone: | (781) 326-8068 |
Fax: | (781) 326-4057 |
Website: | https://www.dedhamcu.org |
Branches: | 1 branch locations |
Members: | 947 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15073 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,457,651 |
CEO/Manager: | JANIS RILEY |
Chairperson: | Mary Ann Clougher |
ASSETS: | $ Amount |
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Cash & Equivalents | 659,230 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 767,468 |
Other Loans | 2,132,174 |
TOTAL LOANS | 2,899,642 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,046 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 91,972 |
All Other Assets | 0 |
TOTAL ASSETS | 9,457,651 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 20,553 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 85,850 |
Regular shares | 7,109,325 |
All Other Shares & Deposits | 1,047,245 |
TOTAL SHARES & DEPOSITS | 8,242,421 |
TOTAL LIABILITIES | 8,262,974 |
Regular Reserve | 0 |
Other Reserves | 338,163 |
Undivided Earnings | 856,514 |
TOTAL EQUITY | 1,194,677 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,457,651 |
INCOME & EXPENSE | |
Loan Income | 183,137 |
Investment Income | 176,535 |
Other Income | 13,547 |
Total Employee Compensation & Benefits | 175,673 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 138,733 |
Non-operating Income & (Expense) | 4,783 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,927 |
Cost of Funds | 16,605 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 34,064 |
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