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PEABODY MUNICIPAL FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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