Dec, 31, 2023 — ST. JEAN'S CREDIT UNION is a federally insured state chartered credit union headquartered in LYNN, MA with 6 branch locations and about $367.12 million in total assets. Opened 114 years ago in 1910, ST. JEAN'S CREDIT UNION has about 19,261 members and employs 68 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ST. JEAN'S CREDIT UNION |
|---|---|
| Address: (Main Office) | 250 maple st LYNN, MA 01904 |
| Phone: | (781) 592-5420 |
| Fax: | (781) 596-0612 |
| Website: | https://www.stjeanscu.com |
| Branches: | 6 branch locations |
| Members: | 19,261 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67959 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1910 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $367,122,860 |
| CEO/Manager: | David Surface |
| Chairperson: | Steve Walsh |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,644,551 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 183,489,873 |
| Unsecured Loans | 9,056,945 |
| Other Loans | 50,637,060 |
| TOTAL LOANS | 243,183,878 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,315,813 |
| Land And Building | 3,264,782 |
| Other Fixed Assets | 4,723,859 |
| NCUSIF Deposit | 2,973,118 |
| All Other Assets | 12,517 |
| TOTAL ASSETS | 367,122,860 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 22,147,031 |
| Accounts Payable & Other Liabilities | 6,307,190 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 49,615,244 |
| Regular shares | 113,341,083 |
| All Other Shares & Deposits | 146,176,232 |
| TOTAL SHARES & DEPOSITS | 309,132,559 |
| TOTAL LIABILITIES | 337,660,274 |
| Regular Reserve | 0 |
| Other Reserves | 4,882,734 |
| Undivided Earnings | 24,579,852 |
| TOTAL EQUITY | 29,462,586 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 367,122,860 |
| INCOME & EXPENSE | |
| Loan Income | 12,175,361 |
| Investment Income | 2,609,359 |
| Other Income | 916,944 |
| Total Employee Compensation & Benefits | 6,048,911 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,507,222 |
| Non-operating Income & (Expense) | 8,105 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 564,773 |
| Cost of Funds | 4,183,957 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,401,326 |
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