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National Credit Union Service Organization

NESC FEDERAL CREDIT UNION

Mar, 31, 2021 — NESC FEDERAL CREDIT UNION is a federal credit union headquartered in METHUEN, MA with 4 branch locations and about $120.22 million in total assets. Opened 63 years ago in 1958, NESC FEDERAL CREDIT UNION has about 8,398 members and employs 30 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:8,398
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:$120,219,091
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 36,186,877
TOTAL INVESTMENTS 2,644,907
Loans Held for Sale 0
 
 Real Estate Loans 57,449,838
 Unsecured Loans 6,684,204
 Other Loans 15,692,581
 TOTAL LOANS 79,826,623
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -221,293
 Land And Building 557,488
 Other Fixed Assets 27,864
 NCUSIF Deposit 928,604
 All Other Assets 268,021
  TOTAL ASSETS 120,219,091
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 2,000,000
 Accounts Payable & Other Liabilities 918,080
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 20,105,697
 Regular shares 62,062,489
 All Other Shares & Deposits 25,569,927
  TOTAL SHARES & DEPOSITS 107,738,113
  TOTAL LIABILITIES 110,656,193
 Regular Reserve 2,082,957
 Other Reserves 0
 Undivided Earnings 7,479,941
  TOTAL EQUITY 9,562,898
  TOTAL LIABILITIES, SHARES, & EQUITY 120,219,091
INCOME & EXPENSE  
 Loan Income 835,167
 Investment Income 15,338
 Other Income 196,747
 Total Employee Compensation & Benefits 529,604
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 467,889
 Non-operating Income & (Expense) 133,368
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 15,310
 Cost of Funds 69,065
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 163,718
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