Dec, 31, 2023 — ACUSHNET FEDERAL CREDIT UNION is a federal credit union headquartered in ACUSHNET, MA with 1 branch location and about $28.48 million in total assets. Opened 64 years ago in 1960, ACUSHNET FEDERAL CREDIT UNION has about 2,281 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ACUSHNET FEDERAL CREDIT UNION |
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Address: (Main Office) | 112 Main St ACUSHNET, MA 02743 |
Phone: | (508) 995-9100 |
Fax: | (508) 998-5404 |
Website: | https://www.acushnetfcu.com |
Branches: | 1 branch locations |
Members: | 2,281 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13814 |
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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: | No |
Low Income Designation: | No |
Assets: | $28,475,319 |
CEO/Manager: | Holly J Raposa |
Chairperson: | Michael St. Onge |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,984,932 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,369,074 |
Unsecured Loans | 366,019 |
Other Loans | 4,042,272 |
TOTAL LOANS | 7,777,365 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,655 |
Land And Building | 118,935 |
Other Fixed Assets | 31,266 |
NCUSIF Deposit | 284,451 |
All Other Assets | 0 |
TOTAL ASSETS | 28,475,319 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 648 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -207,044 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,987,366 |
Regular shares | 17,374,906 |
All Other Shares & Deposits | 2,339,887 |
TOTAL SHARES & DEPOSITS | 26,702,160 |
TOTAL LIABILITIES | 26,495,764 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,979,555 |
TOTAL EQUITY | 1,979,555 |
TOTAL LIABILITIES, SHARES, & EQUITY | 28,475,319 |
INCOME & EXPENSE | |
Loan Income | 305,140 |
Investment Income | 308,543 |
Other Income | 189,724 |
Total Employee Compensation & Benefits | 209,356 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 416,935 |
Non-operating Income & (Expense) | 194 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,000 |
Cost of Funds | 5,020 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 170,290 |
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