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 |
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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 |
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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, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,995,578 |
CEO/Manager: | Rick Adams |
Chairperson: | Norman Doucette |
ASSETS: | $ Amount |
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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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