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 |
| 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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