Dec, 31, 2023 — TAUNTON FEDERAL CREDIT UNION is a federal credit union headquartered in TAUNTON, MA with 7 branch locations and about $351.03 million in total assets. Opened 77 years ago in 1947, TAUNTON FEDERAL CREDIT UNION has about 18,466 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TAUNTON FEDERAL CREDIT UNION |
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Address: (Main Office) | 14 Church Grn TAUNTON, MA 02780 |
Phone: | (508) 824-6466 |
Fax: | |
Website: | https://www.tauntonfcu.com |
Branches: | 7 branch locations |
Members: | 18,466 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5602 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $351,025,977 |
CEO/Manager: | Nelson Tavares |
Chairperson: | Russell Bradshaw |
ASSETS: | $ Amount |
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Cash & Equivalents | 27,403,267 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 194,150,148 |
Unsecured Loans | 2,035,979 |
Other Loans | 65,941,208 |
TOTAL LOANS | 262,127,335 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,700,596 |
Land And Building | 7,091,630 |
Other Fixed Assets | 1,909,787 |
NCUSIF Deposit | 2,814,698 |
All Other Assets | 18,177 |
TOTAL ASSETS | 351,025,977 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 468 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,932,017 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 53,433,623 |
Regular shares | 109,421,231 |
All Other Shares & Deposits | 143,952,420 |
TOTAL SHARES & DEPOSITS | 306,807,274 |
TOTAL LIABILITIES | 309,890,008 |
Regular Reserve | 0 |
Other Reserves | 14,296,990 |
Undivided Earnings | 26,838,979 |
TOTAL EQUITY | 41,135,969 |
TOTAL LIABILITIES, SHARES, & EQUITY | 351,025,977 |
INCOME & EXPENSE | |
Loan Income | 12,001,689 |
Investment Income | 2,719,158 |
Other Income | 1,328,735 |
Total Employee Compensation & Benefits | 5,654,741 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,365,319 |
Non-operating Income & (Expense) | -14,396 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -295,025 |
Cost of Funds | 3,635,860 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,609,441 |
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