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MYCOM FEDERAL CREDIT UNION

Mar, 31, 2021 — MYCOM FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSFIELD, MA with 1 branch location and about $26.73 million in total assets. Opened 66 years ago in 1955, MYCOM FEDERAL CREDIT UNION has about 2,443 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:2,443
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:$26,725,969
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 1,336,810
TOTAL INVESTMENTS 16,958,577
Loans Held for Sale 0
 
 Real Estate Loans 129,950
 Unsecured Loans 1,210,018
 Other Loans 6,675,539
 TOTAL LOANS 8,015,507
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -46,276
 Land And Building 131,254
 Other Fixed Assets 24,647
 NCUSIF Deposit 187,628
 All Other Assets 117,822
  TOTAL ASSETS 26,725,969
LIABILITIES & CAPITAL:  
 Dividends Payable 2,443
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 18,703
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,172,030
 Regular shares 10,627,801
 All Other Shares & Deposits 10,131,293
  TOTAL SHARES & DEPOSITS 23,931,124
  TOTAL LIABILITIES 23,952,270
 Regular Reserve 346,689
 Other Reserves 0
 Undivided Earnings 2,427,010
  TOTAL EQUITY 2,773,699
  TOTAL LIABILITIES, SHARES, & EQUITY 26,725,969
INCOME & EXPENSE  
 Loan Income 133,002
 Investment Income 48,592
 Other Income 27,082
 Total Employee Compensation & Benefits 86,849
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 57,608
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 22,519
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 49,290
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