WINCHESTER FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.winchesterfcu.com for more information.
Dec, 31, 2023 — WINCHESTER FEDERAL CREDIT UNION is a federal credit union headquartered in WINCHESTER, MA with 0 branch location and about $3.25 million in total assets. Opened 67 years ago in 1957, WINCHESTER FEDERAL CREDIT UNION has about 419 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 |
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Address: (Main Office) | 968 MAIN ST WINCHESTER, MA 01890-2064 |
Phone: | (781) 729-0668 |
Fax: | |
Website: | https://www.winchesterfcu.com |
Branches: | 0 branch locations |
Members: | 419 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12091 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,248,541 |
CEO/Manager: | Rick Adams |
Chairperson: | Norman Doucette |
ASSETS: | $ Amount |
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Cash & Equivalents | 896,368 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 455,270 |
Other Loans | 835,739 |
TOTAL LOANS | 1,291,009 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,182 |
Land And Building | 0 |
Other Fixed Assets | 1,946 |
NCUSIF Deposit | 26,515 |
All Other Assets | 0 |
TOTAL ASSETS | 3,248,541 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,102 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,961,213 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 2,961,213 |
TOTAL LIABILITIES | 2,965,315 |
Regular Reserve | 0 |
Other Reserves | 83,387 |
Undivided Earnings | 199,839 |
TOTAL EQUITY | 283,226 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,248,541 |
INCOME & EXPENSE | |
Loan Income | 45,948 |
Investment Income | 10,798 |
Other Income | 462 |
Total Employee Compensation & Benefits | 47,088 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 49,582 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 2,183 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -41,395 |
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