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GOLDMARK FEDERAL CREDIT UNION

Dec, 31, 2023 — GOLDMARK FEDERAL CREDIT UNION is a federal credit union headquartered in ATTLEBORO, MA with 1 branch location and about $41.73 million in total assets. Opened 68 years ago in 1956, GOLDMARK FEDERAL CREDIT UNION has about 2,983 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:GOLDMARK FEDERAL CREDIT UNION
Address:
(Main Office)
155 Pleasant St
ATTLEBORO, MA 02703-2442
Phone:(508) 222-3009
Fax:(508) 222-7693
Website:https://www.goldmarkfcu.com
Branches:1 branch locations
Members:2,983
Credit Union Type:Federal Credit Union
Charter Number:11400
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1956
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$41,730,911
CEO/Manager:Penny A Brown
Chairperson:Raymond A Wildgoose

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,917,974
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 14,470,831
 Unsecured Loans 213,319
 Other Loans 3,366,258
 TOTAL LOANS 20,925,207
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,815
 Land And Building 188,358
 Other Fixed Assets 105,643
 NCUSIF Deposit 353,201
 All Other Assets 0
  TOTAL ASSETS 41,730,911
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -5,008
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,843,286
 Regular shares 10,735,189
 All Other Shares & Deposits 20,411,984
  TOTAL SHARES & DEPOSITS 36,990,459
  TOTAL LIABILITIES 36,985,451
 Regular Reserve 0
 Other Reserves 1,255,731
 Undivided Earnings 3,489,729
  TOTAL EQUITY 4,745,460
  TOTAL LIABILITIES, SHARES, & EQUITY 41,730,911
INCOME & EXPENSE  
 Loan Income 801,159
 Investment Income 641,761
 Other Income 211,164
 Total Employee Compensation & Benefits 477,437
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 477,974
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,236
 Cost of Funds 463,371
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 236,325
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