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LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LEOMINSTER, MA with 1 branch location and about $24.12 million in total assets. Opened 88 years ago in 1936, LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION has about 1,833 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
24 Church St
LEOMINSTER, MA 01453
Phone:(978) 534-0240
Fax:(978) 466-6832
Website:https://www.leomefcu.org
Branches:1 branch locations
Members:1,833
Credit Union Type:Federal Credit Union
Charter Number:1461
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1936
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$24,121,336
CEO/Manager:Thomas R Clark
Chairperson:David R Cormier

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,866,327
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 6,505,461
 Unsecured Loans 706,523
 Other Loans 6,433,021
 TOTAL LOANS 13,645,003
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -79,754
 Land And Building 0
 Other Fixed Assets 67,702
 NCUSIF Deposit 210,993
 All Other Assets 0
  TOTAL ASSETS 24,121,336
LIABILITIES & CAPITAL:  
 Dividends Payable 123,654
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 53,116
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,874,157
 Regular shares 11,490,356
 All Other Shares & Deposits 5,970,941
  TOTAL SHARES & DEPOSITS 21,335,453
  TOTAL LIABILITIES 21,512,223
 Regular Reserve 0
 Other Reserves 230,927
 Undivided Earnings 2,378,186
  TOTAL EQUITY 2,609,113
  TOTAL LIABILITIES, SHARES, & EQUITY 24,121,336
INCOME & EXPENSE  
 Loan Income 604,464
 Investment Income 363,290
 Other Income 47,541
 Total Employee Compensation & Benefits 400,544
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 201,535
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 33,097
 Cost of Funds 176,122
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 214,881
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