Dec, 31, 2023 — MYCOM FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSFIELD, MA with 1 branch location and about $29.35 million in total assets. Opened 69 years ago in 1955, MYCOM FEDERAL CREDIT UNION has about 2,777 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: | MYCOM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 101 Fenn St PITTSFIELD, MA 01201 |
| Phone: | (413) 442-6501 |
| Fax: | (413) 442-9557 |
| Website: | https://www.mycomcu.org |
| Branches: | 1 branch locations |
| Members: | 2,777 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10065 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,351,048 |
| CEO/Manager: | Lisa Laughnane |
| Chairperson: | James Heath |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,380,151 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 38,525 |
| Unsecured Loans | 1,314,569 |
| Other Loans | 10,387,366 |
| TOTAL LOANS | 11,740,460 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -128,275 |
| Land And Building | 116,686 |
| Other Fixed Assets | 53,747 |
| NCUSIF Deposit | 253,729 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,351,048 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,973 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 31,669 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,038,780 |
| Regular shares | 11,650,804 |
| All Other Shares & Deposits | 10,567,027 |
| TOTAL SHARES & DEPOSITS | 26,256,611 |
| TOTAL LIABILITIES | 26,291,253 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,059,795 |
| TOTAL EQUITY | 3,059,795 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,351,048 |
| INCOME & EXPENSE | |
| Loan Income | 706,343 |
| Investment Income | 382,479 |
| Other Income | 205,533 |
| Total Employee Compensation & Benefits | 376,548 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 400,104 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -71,772 |
| Cost of Funds | 238,601 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 351,455 |
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