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 |
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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 |
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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 |
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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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