Dec, 31, 2023 — NORWOOD TOWN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NORWOOD, MA with 1 branch location and about $6.13 million in total assets. Opened 59 years ago in 1965, NORWOOD TOWN EMPLOYEES FEDERAL CREDIT UNION has about 804 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORWOOD TOWN EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | PO BOX 340 NORWOOD, MA 02062-4330 |
Phone: | (781) 769-5169 |
Fax: | (781) 769-7818 |
Website: | https://norwoodcreditunion.com |
Branches: | 1 branch locations |
Members: | 804 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17112 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,127,508 |
CEO/Manager: | DONNA S GRANT |
Chairperson: | PAUL A BISHOP |
ASSETS: | $ Amount |
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Cash & Equivalents | 337,107 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,210,543 |
Other Loans | 2,637,374 |
TOTAL LOANS | 3,847,917 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,766 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 52,087 |
All Other Assets | 0 |
TOTAL ASSETS | 6,127,508 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,664,166 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,664,166 |
TOTAL LIABILITIES | 4,664,166 |
Regular Reserve | 0 |
Other Reserves | 62,176 |
Undivided Earnings | 1,401,166 |
TOTAL EQUITY | 1,463,342 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,127,508 |
INCOME & EXPENSE | |
Loan Income | 195,929 |
Investment Income | 55,018 |
Other Income | 8,310 |
Total Employee Compensation & Benefits | 85,344 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 82,422 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 8,989 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 82,502 |
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