Dec, 31, 2023 — MIDDLESEX-ESSEX POSTAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH READING, MA with 1 branch location and about $5.08 million in total assets. Opened 55 years ago in 1969, MIDDLESEX-ESSEX POSTAL EMPLOYEES FEDERAL CREDIT UNION has about 220 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MIDDLESEX-ESSEX POSTAL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 76 Main St NORTH READING, MA 01889-7001 |
Phone: | (978) 664-5938 |
Fax: | (978) 664-0365 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 220 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19446 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Nov 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,076,396 |
CEO/Manager: | Michele F Overton |
Chairperson: | Donna Gill |
ASSETS: | $ Amount |
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Cash & Equivalents | 349,726 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 448,645 |
Other Loans | 1,667,421 |
TOTAL LOANS | 2,116,066 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,408 |
Land And Building | 0 |
Other Fixed Assets | 4,299 |
NCUSIF Deposit | 40,180 |
All Other Assets | 0 |
TOTAL ASSETS | 5,076,396 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 234 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,058 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,416,381 |
All Other Shares & Deposits | 110,000 |
TOTAL SHARES & DEPOSITS | 3,526,381 |
TOTAL LIABILITIES | 3,530,673 |
Regular Reserve | 0 |
Other Reserves | 76,104 |
Undivided Earnings | 1,469,619 |
TOTAL EQUITY | 1,545,723 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,076,396 |
INCOME & EXPENSE | |
Loan Income | 123,281 |
Investment Income | 86,445 |
Other Income | 0 |
Total Employee Compensation & Benefits | 108,027 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 47,362 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,600 |
Cost of Funds | 3,921 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 37,050 |
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