WELLESLEY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.wellesleymunefcu.com for more information.
Sep, 30, 2025 — WELLESLEY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in wELLESLEY, MA with 0 branch location and about $34.64 million in total assets. Opened 71 years ago in 1955, WELLESLEY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 1,658 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WELLESLEY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 HOLLIS ST Ste 105 wELLESLEY, MA 02482 |
| Phone: | (781) 235-0503 |
| Fax: | (781) 431-0733 |
| Website: | https://www.wellesleymunefcu.com |
| Branches: | 0 branch locations |
| Members: | 1,658 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10623 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Apr 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,636,607 |
| CEO/Manager: | Doreen M Peterson |
| Chairperson: | Jeanne T McGrath |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,646,262 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,859,021 |
| Unsecured Loans | 676,171 |
| Other Loans | 2,678,740 |
| TOTAL LOANS | 9,213,932 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,681 |
| Land And Building | 0 |
| Other Fixed Assets | 5,975 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 299,452 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,636,607 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,982 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 81,789 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,312,662 |
| Regular shares | 8,933,150 |
| All Other Shares & Deposits | 21,478,023 |
| TOTAL SHARES & DEPOSITS | 31,723,835 |
| TOTAL LIABILITIES | 31,810,606 |
| Regular Reserve | 0 |
| Other Reserves | -56,163 |
| Undivided Earnings | 2,882,164 |
| TOTAL EQUITY | 2,826,001 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,636,607 |
| INCOME & EXPENSE | |
| Loan Income | 262,266 |
| Investment Income | 188,304 |
| Other Income | 5,905 |
| Total Employee Compensation & Benefits | 225,644 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 156,724 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,500 |
| Cost of Funds | 64,043 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 32,083 |
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