Dec, 31, 2023 — WORCESTER FIRE DEPT. CREDIT UNION is a federally insured state chartered credit union headquartered in WORCESTER, MA with 1 branch location and about $45.65 million in total assets. Opened 87 years ago in 1937, WORCESTER FIRE DEPT. CREDIT UNION has about 2,054 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WORCESTER FIRE DEPT. CREDIT UNION |
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Address: (Main Office) | 34 GLENNIE ST WORCESTER, MA 01605 |
Phone: | (508) 752-1122 |
Fax: | (508) 831-9680 |
Website: | https://www.wfdcu.org |
Branches: | 1 branch locations |
Members: | 2,054 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67683 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $45,647,147 |
CEO/Manager: | Lisa M Carmody |
Chairperson: | GERARD A DIO |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,128,401 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,167,244 |
Unsecured Loans | 1,490,067 |
Other Loans | 4,979,798 |
TOTAL LOANS | 9,637,109 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,018 |
Land And Building | 575,562 |
Other Fixed Assets | 92,698 |
NCUSIF Deposit | 400,726 |
All Other Assets | 0 |
TOTAL ASSETS | 45,647,147 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 18,573 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,399,313 |
Regular shares | 29,687,192 |
All Other Shares & Deposits | 5,782,492 |
TOTAL SHARES & DEPOSITS | 39,868,997 |
TOTAL LIABILITIES | 39,887,570 |
Regular Reserve | 0 |
Other Reserves | 812,000 |
Undivided Earnings | 4,947,577 |
TOTAL EQUITY | 5,759,577 |
TOTAL LIABILITIES, SHARES, & EQUITY | 45,647,147 |
INCOME & EXPENSE | |
Loan Income | 430,869 |
Investment Income | 588,868 |
Other Income | 100,714 |
Total Employee Compensation & Benefits | 375,925 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 436,426 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,803 |
Cost of Funds | 131,492 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 57,372 |
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