NEW LONDON MUNICIPAL EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://nlmecu.org for more information.
Dec, 31, 2023 — NEW LONDON MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in New London, CT with 1 branch location and about $3.04 million in total assets. Opened 71 years ago in 1953, NEW LONDON MUNICIPAL EMPLOYEES CREDIT UNION has about 448 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: | NEW LONDON MUNICIPAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 111 Union St New London, CT 06320 |
| Phone: | (860) 447-1585 |
| Fax: | (860) 444-1287 |
| Website: | https://nlmecu.org |
| Branches: | 1 branch locations |
| Members: | 448 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60480 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,037,569 |
| CEO/Manager: | Melissa S Robinson |
| Chairperson: | Mark C Topliff |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 248,386 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 319,696 |
| Unsecured Loans | 322,085 |
| Other Loans | 1,332,037 |
| TOTAL LOANS | 1,973,818 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,000 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 25,605 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,037,569 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,270 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 57,897 |
| Regular shares | 2,403,664 |
| All Other Shares & Deposits | 1,551 |
| TOTAL SHARES & DEPOSITS | 2,463,112 |
| TOTAL LIABILITIES | 2,466,382 |
| Regular Reserve | 0 |
| Other Reserves | 78,970 |
| Undivided Earnings | 492,217 |
| TOTAL EQUITY | 571,187 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,037,569 |
| INCOME & EXPENSE | |
| Loan Income | 20,717 |
| Investment Income | 3,586 |
| Other Income | 1,196 |
| Total Employee Compensation & Benefits | 31,592 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 16,384 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -300 |
| Cost of Funds | 31 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -6,599 |
| ↑ Back to Top | |