Dec, 31, 2023 — HOMEFIELD CREDIT UNION is a federally insured state chartered credit union headquartered in NORTH GRAFTON, MA with 2 branch locations and about $179.61 million in total assets. Opened 58 years ago in 1966, HOMEFIELD CREDIT UNION has about 7,462 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HOMEFIELD CREDIT UNION |
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Address: (Main Office) | 86 Worcester St NORTH GRAFTON, MA 01536-1020 |
Phone: | (508) 839-5493 |
Fax: | (508) 839-5714 |
Website: | https://www.homefieldcu.com |
Branches: | 2 branch locations |
Members: | 7,462 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68057 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $179,610,285 |
CEO/Manager: | Karl Moisan |
Chairperson: | Andrew S Nelson |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,669,937 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 108,671,066 |
Unsecured Loans | 5,266,832 |
Other Loans | 31,753,563 |
TOTAL LOANS | 145,691,461 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -921,883 |
Land And Building | 1,524,645 |
Other Fixed Assets | 295,315 |
NCUSIF Deposit | 1,379,647 |
All Other Assets | 195,006 |
TOTAL ASSETS | 179,610,285 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 22,145,000 |
Accounts Payable & Other Liabilities | 2,328,894 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 33,171,119 |
Regular shares | 51,459,424 |
All Other Shares & Deposits | 57,299,212 |
TOTAL SHARES & DEPOSITS | 141,929,755 |
TOTAL LIABILITIES | 166,403,649 |
Regular Reserve | 0 |
Other Reserves | -3,353,280 |
Undivided Earnings | 16,559,916 |
TOTAL EQUITY | 13,206,636 |
TOTAL LIABILITIES, SHARES, & EQUITY | 179,610,285 |
INCOME & EXPENSE | |
Loan Income | 5,827,205 |
Investment Income | 689,533 |
Other Income | 269,062 |
Total Employee Compensation & Benefits | 2,782,181 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,236,134 |
Non-operating Income & (Expense) | -246,600 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 183,260 |
Cost of Funds | 2,186,282 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -165,699 |
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