Dec, 31, 2020 — NORTH ADAMS M E FEDERAL CREDIT UNION is a federal credit union headquartered in North Adams, MA with 1 branch location and about $2.06 million in total assets. Opened 62 years ago in 1959, NORTH ADAMS M E FEDERAL CREDIT UNION has about 396 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTH ADAMS M E FEDERAL CREDIT UNION |
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Address: (Main Office) | 60 Roberts Drive Ste 112 North Adams, MA 01247 |
Phone: | (413) 662-2657 |
Fax: | (413) 662-2173 |
Website: | http://namefed.webs.com |
Branches: | 1 branch locations |
Members: | 396 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13274 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Sep 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,060,508 |
CEO/Manager: | Karen A Cook |
Chairperson: | Wayne Andreatta |
ASSETS: | $ Amount |
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Cash & Equivalents | 235,403 |
TOTAL INVESTMENTS | 790,835 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 324,033 |
Other Loans | 709,831 |
TOTAL LOANS | 1,033,864 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,162 |
Land And Building | 0 |
Other Fixed Assets | 637 |
NCUSIF Deposit | 14,392 |
All Other Assets | 3,539 |
TOTAL ASSETS | 2,060,508 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,299 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,616,148 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,616,148 |
TOTAL LIABILITIES | 1,618,447 |
Regular Reserve | 66,944 |
Other Reserves | 0 |
Undivided Earnings | 375,117 |
TOTAL EQUITY | 442,061 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,060,508 |
INCOME & EXPENSE | |
Loan Income | 64,904 |
Investment Income | 10,429 |
Other Income | 1,762 |
Total Employee Compensation & Benefits | 46,726 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 19,583 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,069 |
Cost of Funds | 1,532 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,185 |
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