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SHREWSBURY FEDERAL CREDIT UNION

Dec, 31, 2023 — SHREWSBURY FEDERAL CREDIT UNION is a federal credit union headquartered in SHREWSBURY, MA with 1 branch location and about $212.61 million in total assets. Opened 64 years ago in 1960, SHREWSBURY FEDERAL CREDIT UNION has about 9,342 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211385569
Name:SHREWSBURY FEDERAL CREDIT UNION
Address:
(Main Office)
489 BOSTON TPKE
SHREWSBURY, MA 01545
Phone:(508) 845-6755
Fax:(508) 842-3835
Website:https://www.shrewsburycu.com
Branches:1 branch locations
Members:9,342
Credit Union Type:Federal Credit Union
Charter Number:13601
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1960
Last Audited:Sep 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$212,607,442
CEO/Manager:JAMES J DUPONT
Chairperson:Gail Sokolowski

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 15,741,241
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 69,633,419
 Unsecured Loans 14,219,167
 Other Loans 19,080,217
 TOTAL LOANS 102,959,996
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -496,893
 Land And Building 3,935,210
 Other Fixed Assets 267,210
 NCUSIF Deposit 1,715,706
 All Other Assets 0
  TOTAL ASSETS 212,607,442
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 15,500,000
 Accounts Payable & Other Liabilities 2,061,525
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 45,184,296
 Regular shares 82,182,260
 All Other Shares & Deposits 55,396,504
  TOTAL SHARES & DEPOSITS 182,763,060
  TOTAL LIABILITIES 200,324,585
 Regular Reserve 0
 Other Reserves -3,553,971
 Undivided Earnings 15,836,828
  TOTAL EQUITY 12,282,857
  TOTAL LIABILITIES, SHARES, & EQUITY 212,607,442
INCOME & EXPENSE  
 Loan Income 4,556,823
 Investment Income 1,483,163
 Other Income 774,755
 Total Employee Compensation & Benefits 1,996,927
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,675,799
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 265,500
 Cost of Funds 1,462,443
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 843,258
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