Dec, 31, 2023 — ATHOL CREDIT UNION is a federally insured state chartered credit union headquartered in ATHOL, MA with 1 branch location and about $90.28 million in total assets. Opened 94 years ago in 1930, ATHOL CREDIT UNION has about 6,712 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ATHOL CREDIT UNION |
|---|---|
| Address: (Main Office) | 513 Main St ATHOL, MA 01331-1825 |
| Phone: | (978) 249-3527 |
| Fax: | (978) 249-3448 |
| Website: | https://www.atholcreditunion.com |
| Branches: | 1 branch locations |
| Members: | 6,712 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66819 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1930 |
| Last Audited: | Jul 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $90,278,006 |
| CEO/Manager: | Luis Cisneros |
| Chairperson: | Leonard G Crossman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,982,343 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 60,772,314 |
| Unsecured Loans | 3,174,369 |
| Other Loans | 14,407,697 |
| TOTAL LOANS | 78,354,380 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -231,924 |
| Land And Building | 843,976 |
| Other Fixed Assets | 103,654 |
| NCUSIF Deposit | 677,439 |
| All Other Assets | 0 |
| TOTAL ASSETS | 90,278,006 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 588 |
| Notes & Interest Payable | 9,100,000 |
| Accounts Payable & Other Liabilities | 461,083 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,783,561 |
| Regular shares | 25,018,119 |
| All Other Shares & Deposits | 34,701,867 |
| TOTAL SHARES & DEPOSITS | 72,503,548 |
| TOTAL LIABILITIES | 82,065,219 |
| Regular Reserve | 0 |
| Other Reserves | 1,498,301 |
| Undivided Earnings | 6,714,486 |
| TOTAL EQUITY | 8,212,787 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 90,278,006 |
| INCOME & EXPENSE | |
| Loan Income | 3,877,181 |
| Investment Income | 238,539 |
| Other Income | 488,610 |
| Total Employee Compensation & Benefits | 1,611,225 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,668,729 |
| Non-operating Income & (Expense) | 31,250 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,000 |
| Cost of Funds | 1,133,577 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 243,591 |
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