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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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