PEABODY MUNICIPAL FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.peabodycu.com for more information.
Dec, 31, 2023 — PEABODY MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in Peabody, MA with 1 branch location and about $30.84 million in total assets. Opened 63 years ago in 1961, PEABODY MUNICIPAL FEDERAL CREDIT UNION has about 1,784 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PEABODY MUNICIPAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 12 Chestnut St Peabody, MA 01960 |
Phone: | (978) 532-1385 |
Fax: | (978) 532-4235 |
Website: | https://www.peabodycu.com |
Branches: | 1 branch locations |
Members: | 1,784 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14281 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $30,844,073 |
CEO/Manager: | Kevin R Donovan |
Chairperson: | John B Lawless |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,044,124 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,390,149 |
Other Loans | 2,856,774 |
TOTAL LOANS | 4,246,923 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,552 |
Land And Building | 627,609 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 281,562 |
All Other Assets | 0 |
TOTAL ASSETS | 30,844,073 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 63,777 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,515,792 |
Regular shares | 22,309,217 |
All Other Shares & Deposits | 2,992,846 |
TOTAL SHARES & DEPOSITS | 27,817,855 |
TOTAL LIABILITIES | 27,881,632 |
Regular Reserve | 0 |
Other Reserves | 341,025 |
Undivided Earnings | 2,621,416 |
TOTAL EQUITY | 2,962,441 |
TOTAL LIABILITIES, SHARES, & EQUITY | 30,844,073 |
INCOME & EXPENSE | |
Loan Income | 219,170 |
Investment Income | 199,258 |
Other Income | 25,384 |
Total Employee Compensation & Benefits | 171,466 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 361,407 |
Non-operating Income & (Expense) | 5,850 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 54,307 |
Cost of Funds | 40,142 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -177,660 |
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