Dec, 31, 2023 — ARLINGTON MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in ARLINGTON, MA with 1 branch location and about $9.92 million in total assets. Opened 70 years ago in 1954, ARLINGTON MUNICIPAL FEDERAL CREDIT UNION has about 918 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ARLINGTON MUNICIPAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 730 Massachusetts Ave ARLINGTON, MA 02476 |
Phone: | (781) 316-3144 |
Fax: | (781) 316-3149 |
Website: | https://www.arlfcu.org |
Branches: | 1 branch locations |
Members: | 918 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9805 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,916,392 |
CEO/Manager: | Robert F Mahoney |
Chairperson: | Paul Tierney |
ASSETS: | $ Amount |
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Cash & Equivalents | 407,845 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,229,115 |
Unsecured Loans | 802,607 |
Other Loans | 3,638,237 |
TOTAL LOANS | 8,669,959 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -89,293 |
Land And Building | 0 |
Other Fixed Assets | 3,465 |
NCUSIF Deposit | 82,067 |
All Other Assets | 0 |
TOTAL ASSETS | 9,916,392 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 22,614 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 7,357,275 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 7,357,275 |
TOTAL LIABILITIES | 7,379,889 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,536,503 |
TOTAL EQUITY | 2,536,503 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,916,392 |
INCOME & EXPENSE | |
Loan Income | 308,547 |
Investment Income | 94,022 |
Other Income | 549 |
Total Employee Compensation & Benefits | 146,158 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 81,102 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,500 |
Cost of Funds | 47,047 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 126,311 |
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