Credit Unions Near Me
National Credit Union Service Organization

WELLESLEY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — WELLESLEY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in wELLESLEY, MA with 0 branch location and about $31.56 million in total assets. Opened 66 years ago in 1955, WELLESLEY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 1,720 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:http://www.wellesleymunefcu.com
Branches:0 branch locations
Members:1,720
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$31,564,070
CEO/Manager:Doreen M Peterson
Chairperson:Thomas J D'Orazio

Call Report

  • Real Estate Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,292,090
TOTAL INVESTMENTS 18,275,282
Loans Held for Sale 0
 
 Real Estate Loans 6,464,217
 Unsecured Loans 782,717
 Other Loans 3,068,606
 TOTAL LOANS 10,315,540
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -21,226
 Land And Building 0
 Other Fixed Assets 14,288
 NCUSIF Deposit 249,070
 All Other Assets 439,026
  TOTAL ASSETS 31,564,070
LIABILITIES & CAPITAL:  
 Dividends Payable 11,944
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 83,823
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,333,475
 Regular shares 8,116,772
 All Other Shares & Deposits 19,245,406
  TOTAL SHARES & DEPOSITS 28,695,653
  TOTAL LIABILITIES 28,791,420
 Regular Reserve 436,482
 Other Reserves -492,645
 Undivided Earnings 2,828,813
  TOTAL EQUITY 2,772,650
  TOTAL LIABILITIES, SHARES, & EQUITY 31,564,070
INCOME & EXPENSE  
 Loan Income 432,786
 Investment Income 319,920
 Other Income 16,250
 Total Employee Compensation & Benefits 379,179
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 217,632
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,000
 Cost of Funds 152,672
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 13,473
↑ Back to Top

Other Credit Unions

ONE TWENTY CREDIT UNION
PO BOX 300041
JAMAICA PLAIN, MA 02130
DEDHAM TOWN EMPLOYEES FEDERAL CREDIT UNION
202 BUSSEY ST
DEDHAM, MA 02026
LINCOLN SUDBURY TOWN EMPLOYEE FEDERAL CREDIT UNION
278 Old Sudbury Rd
SUDBURY, MA 01776-1843
NORWOOD TOWN EMPLOYEES FEDERAL CREDIT UNION
PO BOX 340
NORWOOD, MA 02062-4330
BELMONT MUNICIPAL FEDERAL CREDIT UNION
PO BOX 56
BELMONT, MA 02478
WATERTOWN MUNICIPAL CREDIT UNION
149 MAIN ST
WATERTOWN, MA 02472-4410
BROOKLINE MUNICIPAL CREDIT UNION
334 WASHINGTON ST
BROOKLINE, MA 02445
CAMBRIDGE FIREFIGHTERS FEDERAL CREDIT UNION
29 Smith Pl
CAMBRIDGE, MA 02138-1007
CAMBRIDGE TEACHERS FEDERAL CREDIT UNION
20 FELTON ST
CAMBRIDGE, MA 02138
ENERGY CREDIT UNION
156 SPRING ST
WEST ROXBURY, MA 02132