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STOUGHTON TOWN EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — STOUGHTON TOWN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in STOUGHTON, MA with 1 branch location and about $2.71 million in total assets. Opened 58 years ago in 1966, STOUGHTON TOWN EMPLOYEES FEDERAL CREDIT UNION has about 467 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:STOUGHTON TOWN EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
10 Pearl St
STOUGHTON, MA 02072-2364
Phone:(781) 344-7394
Fax:(781) 344-3758
Website:n/a
Branches:1 branch locations
Members:467
Credit Union Type:Federal Credit Union
Charter Number:17437
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1966
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$2,705,862
CEO/Manager:Charles R Conant IV
Chairperson:DEANNA CHATSKO

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 99,603
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 290,594
 Other Loans 1,407,112
 TOTAL LOANS 1,697,705
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -18,612
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 24,500
 All Other Assets 0
  TOTAL ASSETS 2,705,862
LIABILITIES & CAPITAL:  
 Dividends Payable 2,107
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,423
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,373,319
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,373,319
  TOTAL LIABILITIES 2,376,849
 Regular Reserve 0
 Other Reserves 94,960
 Undivided Earnings 234,053
  TOTAL EQUITY 329,013
  TOTAL LIABILITIES, SHARES, & EQUITY 2,705,862
INCOME & EXPENSE  
 Loan Income 75,754
 Investment Income 36,734
 Other Income 624
 Total Employee Compensation & Benefits 39,888
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 19,907
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 26,305
 Cost of Funds 7,915
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 25,104
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