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WINCHESTER FEDERAL CREDIT UNION

Jun, 30, 2021 — WINCHESTER FEDERAL CREDIT UNION is a federal credit union headquartered in WINCHESTER, MA with 0 branch location and about $3.28 million in total assets. Opened 64 years ago in 1957, WINCHESTER FEDERAL CREDIT UNION has about 441 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:441
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$3,281,312
CEO/Manager:Rick Adams
Chairperson:Norman Doucette

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 368,956
TOTAL INVESTMENTS 1,962,977
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 362,867
 Other Loans 577,204
 TOTAL LOANS 940,071
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -19,925
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 23,943
 All Other Assets 5,290
  TOTAL ASSETS 3,281,312
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,519
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,941,858
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,941,858
  TOTAL LIABILITIES 2,945,377
 Regular Reserve 83,387
 Other Reserves 0
 Undivided Earnings 252,548
  TOTAL EQUITY 335,935
  TOTAL LIABILITIES, SHARES, & EQUITY 3,281,312
INCOME & EXPENSE  
 Loan Income 33,439
 Investment Income 7,754
 Other Income 527
 Total Employee Compensation & Benefits 32,925
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 19,289
 Non-operating Income & (Expense) 300
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 500
 Cost of Funds 1,374
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -12,068
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