Dec, 31, 2023 — TEWKSBURY FEDERAL CREDIT UNION is a federal credit union headquartered in TEWKSBURY, MA with 1 branch location and about $90.92 million in total assets. Opened 64 years ago in 1960, TEWKSBURY FEDERAL CREDIT UNION has about 5,788 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TEWKSBURY FEDERAL CREDIT UNION |
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Address: (Main Office) | 752 Main St TEWKSBURY, MA 01876 |
Phone: | (978) 851-9750 |
Fax: | (978) 851-8490 |
Website: | https://www.tewksburyfcu.com |
Branches: | 1 branch locations |
Members: | 5,788 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13926 |
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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: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $90,923,587 |
CEO/Manager: | Maureen Montecalvo |
Chairperson: | James Ryan |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,753,246 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 28,928,331 |
Unsecured Loans | 7,350,222 |
Other Loans | 10,703,274 |
TOTAL LOANS | 46,981,829 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -466,173 |
Land And Building | 1,545,693 |
Other Fixed Assets | 102,042 |
NCUSIF Deposit | 794,606 |
All Other Assets | 0 |
TOTAL ASSETS | 90,923,587 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 571,857 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 17,092,932 |
Regular shares | 38,637,726 |
All Other Shares & Deposits | 25,785,454 |
TOTAL SHARES & DEPOSITS | 81,516,113 |
TOTAL LIABILITIES | 82,088,319 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 8,835,268 |
TOTAL EQUITY | 8,835,268 |
TOTAL LIABILITIES, SHARES, & EQUITY | 90,923,587 |
INCOME & EXPENSE | |
Loan Income | 2,250,492 |
Investment Income | 1,041,871 |
Other Income | 241,403 |
Total Employee Compensation & Benefits | 1,245,505 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,471,381 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 549,439 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 704,889 |
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