Dec, 31, 2023 — SHREWSBURY FEDERAL CREDIT UNION is a federal credit union headquartered in SHREWSBURY, MA with 1 branch location and about $212.61 million in total assets. Opened 64 years ago in 1960, SHREWSBURY FEDERAL CREDIT UNION has about 9,342 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SHREWSBURY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 489 BOSTON TPKE SHREWSBURY, MA 01545 |
| Phone: | (508) 845-6755 |
| Fax: | (508) 842-3835 |
| Website: | https://www.shrewsburycu.com |
| Branches: | 1 branch locations |
| Members: | 9,342 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13601 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $212,607,442 |
| CEO/Manager: | JAMES J DUPONT |
| Chairperson: | Gail Sokolowski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,741,241 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 69,633,419 |
| Unsecured Loans | 14,219,167 |
| Other Loans | 19,080,217 |
| TOTAL LOANS | 102,959,996 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -496,893 |
| Land And Building | 3,935,210 |
| Other Fixed Assets | 267,210 |
| NCUSIF Deposit | 1,715,706 |
| All Other Assets | 0 |
| TOTAL ASSETS | 212,607,442 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 15,500,000 |
| Accounts Payable & Other Liabilities | 2,061,525 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 45,184,296 |
| Regular shares | 82,182,260 |
| All Other Shares & Deposits | 55,396,504 |
| TOTAL SHARES & DEPOSITS | 182,763,060 |
| TOTAL LIABILITIES | 200,324,585 |
| Regular Reserve | 0 |
| Other Reserves | -3,553,971 |
| Undivided Earnings | 15,836,828 |
| TOTAL EQUITY | 12,282,857 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 212,607,442 |
| INCOME & EXPENSE | |
| Loan Income | 4,556,823 |
| Investment Income | 1,483,163 |
| Other Income | 774,755 |
| Total Employee Compensation & Benefits | 1,996,927 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,675,799 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 265,500 |
| Cost of Funds | 1,462,443 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 843,258 |
| ↑ Back to Top | |
» See also Statement of Financial Condition