Dec, 31, 2023 — ST. MARY'S CREDIT UNION is a federally insured state chartered credit union headquartered in MARLBOROUGH, MA with 7 branch locations and about $992.82 million in total assets. Opened 111 years ago in 1913, ST. MARY'S CREDIT UNION has about 53,541 members and employs 123 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. MARY'S CREDIT UNION |
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Address: (Main Office) | 46 Lizotte Dr MARLBOROUGH, MA 01752-3061 |
Phone: | (508) 490-8000 |
Fax: | (508) 490-8080 |
Website: | https://www.stmaryscu.org |
Branches: | 7 branch locations |
Members: | 53,541 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67864 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1913 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $992,822,629 |
CEO/Manager: | Larissa Thurston |
Chairperson: | Gerard P Richer |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,990,989 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 456,253,789 |
Unsecured Loans | 19,793,211 |
Other Loans | 272,904,170 |
TOTAL LOANS | 748,951,170 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,693,708 |
Land And Building | 13,790,217 |
Other Fixed Assets | 3,026,999 |
NCUSIF Deposit | 7,318,266 |
All Other Assets | 57,700 |
TOTAL ASSETS | 992,822,629 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 292,658 |
Notes & Interest Payable | 90,678,050 |
Accounts Payable & Other Liabilities | 3,421,718 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 222,149,326 |
Regular shares | 203,726,274 |
All Other Shares & Deposits | 395,895,472 |
TOTAL SHARES & DEPOSITS | 821,771,072 |
TOTAL LIABILITIES | 916,163,498 |
Regular Reserve | 0 |
Other Reserves | -35,655,487 |
Undivided Earnings | 112,314,618 |
TOTAL EQUITY | 76,659,131 |
TOTAL LIABILITIES, SHARES, & EQUITY | 992,822,629 |
INCOME & EXPENSE | |
Loan Income | 30,085,613 |
Investment Income | 5,772,620 |
Other Income | 1,767,650 |
Total Employee Compensation & Benefits | 12,914,398 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,036,287 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 177,993 |
Cost of Funds | 12,687,324 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,239,684 |
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