Mar, 31, 2021 — GOLDMARK FEDERAL CREDIT UNION is a federal credit union headquartered in Attleboro, MA with 1 branch location and about $39.87 million in total assets. Opened 65 years ago in 1956, GOLDMARK FEDERAL CREDIT UNION has about 3,169 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: | 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: | 3,169 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $39,866,838 |
| CEO/Manager: | Penny A Brown |
| Chairperson: | Raymond A Wildgoose |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,096,918 |
| TOTAL INVESTMENTS | 16,405,022 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,756,019 |
| Unsecured Loans | 283,953 |
| Other Loans | 3,093,148 |
| TOTAL LOANS | 19,761,341 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,293 |
| Land And Building | 155,376 |
| Other Fixed Assets | 50,460 |
| NCUSIF Deposit | 328,465 |
| All Other Assets | 92,549 |
| TOTAL ASSETS | 39,866,838 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -13,757 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,188,178 |
| Regular shares | 11,817,745 |
| All Other Shares & Deposits | 17,757,934 |
| TOTAL SHARES & DEPOSITS | 35,763,857 |
| TOTAL LIABILITIES | 35,750,100 |
| Regular Reserve | 1,255,731 |
| Other Reserves | 0 |
| Undivided Earnings | 2,861,007 |
| TOTAL EQUITY | 4,116,738 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 39,866,838 |
| INCOME & EXPENSE | |
| Loan Income | 204,145 |
| Investment Income | 27,264 |
| Other Income | 34,796 |
| Total Employee Compensation & Benefits | 101,483 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 98,603 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -551 |
| Cost of Funds | 26,819 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 40,327 |
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