Dec, 31, 2020 — GOLDMARK FEDERAL CREDIT UNION is a federal credit union headquartered in Attleboro, MA with 1 branch location and about $37.66 million in total assets. Opened 65 years ago in 1956, GOLDMARK FEDERAL CREDIT UNION has about 3,161 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GOLDMARK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 155 Pleasant Street Attleboro, MA 02703 |
| Phone: | (508) 222-3009 |
| Fax: | (508) 222-7693 |
| Website: | http://www.goldmarkfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,161 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11400 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,660,529 |
| CEO/Manager: | Penny A Brown |
| Chairperson: | Raymond A Wildgoose |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,074,447 |
| TOTAL INVESTMENTS | 13,943,494 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,591,485 |
| Unsecured Loans | 284,141 |
| Other Loans | 3,485,677 |
| TOTAL LOANS | 19,093,160 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,790 |
| Land And Building | 156,646 |
| Other Fixed Assets | 54,726 |
| NCUSIF Deposit | 278,162 |
| All Other Assets | 83,684 |
| TOTAL ASSETS | 37,660,529 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,945 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,442,412 |
| Regular shares | 10,615,491 |
| All Other Shares & Deposits | 17,522,269 |
| TOTAL SHARES & DEPOSITS | 33,580,172 |
| TOTAL LIABILITIES | 33,584,117 |
| Regular Reserve | 1,255,731 |
| Other Reserves | 0 |
| Undivided Earnings | 2,820,681 |
| TOTAL EQUITY | 4,076,412 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,660,529 |
| INCOME & EXPENSE | |
| Loan Income | 781,079 |
| Investment Income | 206,921 |
| Other Income | 143,995 |
| Total Employee Compensation & Benefits | 419,749 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 433,261 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,797 |
| Cost of Funds | 187,138 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 83,050 |
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