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 |
| 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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