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WINCHESTER FEDERAL CREDIT UNION

Dec, 31, 2020 — WINCHESTER FEDERAL CREDIT UNION is a federal credit union headquartered in WINCHESTER, MA with 0 branch location and about $3.00 million in total assets. Opened 64 years ago in 1957, WINCHESTER FEDERAL CREDIT UNION has about 457 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WINCHESTER FEDERAL CREDIT UNION
Address:
(Main Office)
968 MAIN ST
WINCHESTER, MA 01890-2064
Phone:(781) 729-0668
Fax:
Website:http://www.winchesterfcu.com
Branches:0 branch locations
Members:457
Credit Union Type:Federal Credit Union
Charter Number:12091
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1957
Last Audited:Sep 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$2,995,578
CEO/Manager:Rick Adams
Chairperson:Norman Doucette

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 218,618
TOTAL INVESTMENTS 1,686,040
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 440,380
 Other Loans 639,784
 TOTAL LOANS 1,080,164
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -19,641
 Land And Building 0
 Other Fixed Assets 3,322
 NCUSIF Deposit 23,943
 All Other Assets 3,132
  TOTAL ASSETS 2,995,578
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -3,960
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,651,535
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,651,535
  TOTAL LIABILITIES 2,647,575
 Regular Reserve 83,387
 Other Reserves 0
 Undivided Earnings 264,616
  TOTAL EQUITY 348,003
  TOTAL LIABILITIES, SHARES, & EQUITY 2,995,578
INCOME & EXPENSE  
 Loan Income 76,422
 Investment Income 25,376
 Other Income 1,005
 Total Employee Compensation & Benefits 60,707
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 39,446
 Non-operating Income & (Expense) 1,002
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,350
 Cost of Funds 2,524
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -5,222
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