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SHREWSBURY FEDERAL CREDIT UNION

Mar, 31, 2021 — SHREWSBURY FEDERAL CREDIT UNION is a federal credit union headquartered in SHREWSBURY, MA with 1 branch location and about $192.63 million in total assets. Opened 61 years ago in 1960, SHREWSBURY FEDERAL CREDIT UNION has about 9,161 members and employs 25 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: 211385569
Name:SHREWSBURY FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. BOX 227
SHREWSBURY, MA 01545-3949
Phone:(508) 845-6755
Fax:(508) 842-3835
Website:http://www.shrewsburycu.com
Branches:1 branch locations
Members:9,161
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$192,632,268
CEO/Manager:JAMES J DUPONT
Chairperson:THOMAS R JOSIE

Call Report

  • Commercial Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,734,368
TOTAL INVESTMENTS 88,878,031
Loans Held for Sale 0
 
 Real Estate Loans 58,975,253
 Unsecured Loans 11,370,301
 Other Loans 14,349,849
 TOTAL LOANS 84,734,198
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -456,152
 Land And Building 4,034,286
 Other Fixed Assets 197,592
 NCUSIF Deposit 1,621,582
 All Other Assets 888,363
  TOTAL ASSETS 192,632,268
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 977,038
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 45,029,261
 Regular shares 86,895,129
 All Other Shares & Deposits 46,444,155
  TOTAL SHARES & DEPOSITS 178,368,545
  TOTAL LIABILITIES 179,345,583
 Regular Reserve 1,303,706
 Other Reserves -1,422,194
 Undivided Earnings 13,405,173
  TOTAL EQUITY 13,286,685
  TOTAL LIABILITIES, SHARES, & EQUITY 192,632,268
INCOME & EXPENSE  
 Loan Income 837,338
 Investment Income 217,606
 Other Income 269,448
 Total Employee Compensation & Benefits 515,629
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 567,416
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 106,965
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 247,839
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