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ACUSHNET FEDERAL CREDIT UNION

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
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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