Dec, 31, 2020 — ACUSHNET FEDERAL CREDIT UNION is a federal credit union headquartered in ACUSHNET, MA with 1 branch location and about $27.80 million in total assets. Opened 61 years ago in 1960, ACUSHNET FEDERAL CREDIT UNION has about 2,372 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 STREET ACUSHNET, MA 02743-2118 |
| Phone: | (508) 995-9100 |
| Fax: | (508) 998-5404 |
| Website: | http://www.acushnetfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,372 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,795,690 |
| CEO/Manager: | Holly J Raposa |
| Chairperson: | Lauren Lemieux |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,176,118 |
| TOTAL INVESTMENTS | 16,996,737 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,745,931 |
| Unsecured Loans | 303,473 |
| Other Loans | 4,154,166 |
| TOTAL LOANS | 9,203,570 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,018 |
| Land And Building | 138,182 |
| Other Fixed Assets | 38,770 |
| NCUSIF Deposit | 213,454 |
| All Other Assets | 65,877 |
| TOTAL ASSETS | 27,795,690 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,384 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -371,779 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,026,885 |
| Regular shares | 16,963,916 |
| All Other Shares & Deposits | 3,104,640 |
| TOTAL SHARES & DEPOSITS | 26,095,441 |
| TOTAL LIABILITIES | 25,725,046 |
| Regular Reserve | 180,000 |
| Other Reserves | 0 |
| Undivided Earnings | 1,890,644 |
| TOTAL EQUITY | 2,070,644 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,795,690 |
| INCOME & EXPENSE | |
| Loan Income | 354,740 |
| Investment Income | 206,640 |
| Other Income | 138,770 |
| Total Employee Compensation & Benefits | 296,187 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 374,380 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -30,500 |
| Cost of Funds | 24,011 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 36,072 |
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