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National Credit Union Service Organization

NESC FEDERAL CREDIT UNION

Dec, 31, 2020 — NESC FEDERAL CREDIT UNION is a federal credit union headquartered in METHUEN, MA with 4 branch locations and about $112.70 million in total assets. Opened 63 years ago in 1958, NESC FEDERAL CREDIT UNION has about 8,408 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211380302
Name:NESC FEDERAL CREDIT UNION
Address:
(Main Office)
248 PLEASANT STREET
METHUEN, MA 01844
Phone:(978) 688-8800
Fax:(978) 688-8808
Website:http://www.nescfcu.org
Branches:4 branch locations
Members:8,408
Credit Union Type:Federal Credit Union
Charter Number:12334
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1958
Last Audited:Jun 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$112,698,192
CEO/Manager:Johnathan G Hildreth
Chairperson:ELAINE SULLIVAN

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 28,455,819
TOTAL INVESTMENTS 2,645,030
Loans Held for Sale 0
 
 Real Estate Loans 57,222,046
 Unsecured Loans 7,205,236
 Other Loans 15,604,878
 TOTAL LOANS 80,032,160
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -229,742
 Land And Building 564,161
 Other Fixed Assets 36,413
 NCUSIF Deposit 928,604
 All Other Assets 265,747
  TOTAL ASSETS 112,698,192
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 2,000,000
 Accounts Payable & Other Liabilities 672,181
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,556,232
 Regular shares 55,501,792
 All Other Shares & Deposits 25,568,807
  TOTAL SHARES & DEPOSITS 100,626,831
  TOTAL LIABILITIES 103,299,012
 Regular Reserve 2,082,957
 Other Reserves 0
 Undivided Earnings 7,316,223
  TOTAL EQUITY 9,399,180
  TOTAL LIABILITIES, SHARES, & EQUITY 112,698,192
INCOME & EXPENSE  
 Loan Income 3,488,353
 Investment Income 86,804
 Other Income 945,649
 Total Employee Compensation & Benefits 1,805,529
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,773,364
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 79,672
 Cost of Funds 397,889
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 464,352
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