GLOUCESTER FIRE DEPARTMENT CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — GLOUCESTER FIRE DEPARTMENT CREDIT UNION is a federally insured state chartered credit union headquartered in GLOUCESTER, MA with 1 branch location and about $662,521 in total assets. Opened 86 years ago in 1938, GLOUCESTER FIRE DEPARTMENT CREDIT UNION has about 93 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GLOUCESTER FIRE DEPARTMENT CREDIT UNION |
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Address: (Main Office) | FIRE HEADQUARTERS, 8 SCHOOL ST GLOUCESTER, MA 01930 |
Phone: | (978) 281-9761 |
Fax: | |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 93 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67905 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Sep 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $662,521 |
CEO/Manager: | DeCoste M Dean |
Chairperson: | Glen S Asaro |
ASSETS: | $ Amount |
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Cash & Equivalents | 129,031 |
TOTAL INVESTMENTS | 200,805 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 329,107 |
Other Loans | 1,829 |
TOTAL LOANS | 330,936 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,296 |
Land And Building | 0 |
Other Fixed Assets | 26 |
NCUSIF Deposit | 4,411 |
All Other Assets | 608 |
TOTAL ASSETS | 662,521 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,874 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 450,996 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 450,996 |
TOTAL LIABILITIES | 454,870 |
Regular Reserve | 18,200 |
Other Reserves | 0 |
Undivided Earnings | 189,451 |
TOTAL EQUITY | 207,651 |
TOTAL LIABILITIES, SHARES, & EQUITY | 662,521 |
INCOME & EXPENSE | |
Loan Income | 20,186 |
Investment Income | 1,593 |
Other Income | 5 |
Total Employee Compensation & Benefits | 14,532 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,771 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 745 |
Cost of Funds | 2,298 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -4,562 |
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