Dec, 31, 2023 — QUINCY CREDIT UNION is a federally insured state chartered credit union headquartered in QUINCY, MA with 3 branch locations and about $712.23 million in total assets. Opened 87 years ago in 1937, QUINCY CREDIT UNION has about 37,026 members and employs 79 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | QUINCY CREDIT UNION |
---|---|
Address: (Main Office) | 100 Quincy Ave QUINCY, MA 02169-6714 |
Phone: | (617) 479-5558 |
Fax: | (617) 479-1209 |
Website: | https://www.qcu.org |
Branches: | 3 branch locations |
Members: | 37,026 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67709 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | May 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $712,234,801 |
CEO/Manager: | John Miller |
Chairperson: | Paul Keenan |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 39,316,430 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 316,230,240 |
Unsecured Loans | 31,663,853 |
Other Loans | 91,717,490 |
TOTAL LOANS | 439,611,583 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,291,291 |
Land And Building | 12,218,106 |
Other Fixed Assets | 987,188 |
NCUSIF Deposit | 6,110,292 |
All Other Assets | 0 |
TOTAL ASSETS | 712,234,801 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,890,262 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 112,179,695 |
Regular shares | 235,114,363 |
All Other Shares & Deposits | 295,432,560 |
TOTAL SHARES & DEPOSITS | 642,726,618 |
TOTAL LIABILITIES | 649,640,423 |
Regular Reserve | 0 |
Other Reserves | -32,696,870 |
Undivided Earnings | 95,291,248 |
TOTAL EQUITY | 62,594,378 |
TOTAL LIABILITIES, SHARES, & EQUITY | 712,234,801 |
INCOME & EXPENSE | |
Loan Income | 18,466,089 |
Investment Income | 6,193,800 |
Other Income | 1,419,694 |
Total Employee Compensation & Benefits | 7,976,810 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,146,745 |
Non-operating Income & (Expense) | 364,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 452,585 |
Cost of Funds | 7,482,841 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,681,293 |
↑ Back to Top |