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MYCOM FEDERAL CREDIT UNION

Dec, 31, 2020 — MYCOM FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSFIELD, MA with 1 branch location and about $25.29 million in total assets. Opened 66 years ago in 1955, MYCOM FEDERAL CREDIT UNION has about 2,414 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MYCOM FEDERAL CREDIT UNION
Address:
(Main Office)
101 FENN ST
PITTSFIELD, MA 01201
Phone:(413) 442-6501
Fax:(413) 442-9557
Website:http://www.mycomcu.org
Branches:1 branch locations
Members:2,414
Credit Union Type:Federal Credit Union
Charter Number:10065
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1955
Last Audited:Sep 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$25,293,978
CEO/Manager:Nancy Canino
Chairperson:Michael Maddalena

Call Report

  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,512,616
TOTAL INVESTMENTS 15,348,577
Loans Held for Sale 0
 
 Real Estate Loans 139,533
 Unsecured Loans 1,315,829
 Other Loans 6,544,599
 TOTAL LOANS 7,999,961
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -48,445
 Land And Building 134,013
 Other Fixed Assets 27,126
 NCUSIF Deposit 187,628
 All Other Assets 132,502
  TOTAL ASSETS 25,293,978
LIABILITIES & CAPITAL:  
 Dividends Payable 2,415
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -40,945
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,721,555
 Regular shares 9,834,620
 All Other Shares & Deposits 10,027,668
  TOTAL SHARES & DEPOSITS 22,583,843
  TOTAL LIABILITIES 22,545,313
 Regular Reserve 301,602
 Other Reserves 0
 Undivided Earnings 2,447,063
  TOTAL EQUITY 2,748,665
  TOTAL LIABILITIES, SHARES, & EQUITY 25,293,978
INCOME & EXPENSE  
 Loan Income 611,895
 Investment Income 251,557
 Other Income 195,397
 Total Employee Compensation & Benefits 389,646
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 355,429
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 42,112
 Cost of Funds 157,418
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 114,244
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