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MANCHESTER FEDERAL CREDIT UNION

Dec, 31, 2023 — MANCHESTER FEDERAL CREDIT UNION is a federal credit union headquartered in MANCHESTER, MA with 1 branch location and about $1.42 million in total assets. Opened 62 years ago in 1962, MANCHESTER FEDERAL CREDIT UNION has about 321 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MANCHESTER FEDERAL CREDIT UNION
Address:
(Main Office)
10 Central St
MANCHESTER, MA 01944-1308
Phone:(978) 526-7742
Fax:(978) 526-1616
Website:n/a
Branches:1 branch locations
Members:321
Credit Union Type:Federal Credit Union
Charter Number:15296
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1962
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$1,418,789
CEO/Manager:Victoria Mason
Chairperson:PAUL H KOLTERJAHN

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 81,019
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 136,826
 Other Loans 409,338
 TOTAL LOANS 546,164
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,365
 Land And Building 0
 Other Fixed Assets 875
 NCUSIF Deposit 14,508
 All Other Assets 0
  TOTAL ASSETS 1,418,789
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 825
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,181,054
 All Other Shares & Deposits 44,887
  TOTAL SHARES & DEPOSITS 1,225,942
  TOTAL LIABILITIES 1,226,767
 Regular Reserve 0
 Other Reserves 53,275
 Undivided Earnings 138,747
  TOTAL EQUITY 192,022
  TOTAL LIABILITIES, SHARES, & EQUITY 1,418,789
INCOME & EXPENSE  
 Loan Income 23,902
 Investment Income 36,386
 Other Income 1,006
 Total Employee Compensation & Benefits 35,731
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 13,993
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 7
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,563
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