Credit Unions Near Me
National Credit Union Service Organization

PEABODY MUNICIPAL FEDERAL CREDIT UNION

Mar, 31, 2021 — PEABODY MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in PEABODY, MA with 1 branch location and about $31.73 million in total assets. Opened 60 years ago in 1961, PEABODY MUNICIPAL FEDERAL CREDIT UNION has about 2,015 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PEABODY MUNICIPAL FEDERAL CREDIT UNION
Address:
(Main Office)
12 CHESTNUT ST
PEABODY, MA 01960
Phone:(978) 532-1385
Fax:(978) 532-4235
Website:http://www.peabodycu.com
Branches:1 branch locations
Members:2,015
Credit Union Type:Federal Credit Union
Charter Number:14281
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1961
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$31,733,892
CEO/Manager:Kevin R Donovan
Chairperson:John B Lawless

Call Report

  • Overdraft Lines of Credit
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,446,032
TOTAL INVESTMENTS 12,580,510
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,667,703
 Other Loans 3,128,828
 TOTAL LOANS 4,796,531
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -55,071
 Land And Building 678,324
 Other Fixed Assets 17,728
 NCUSIF Deposit 225,011
 All Other Assets 44,827
  TOTAL ASSETS 31,733,892
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -81,300
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,438,872
 Regular shares 21,468,564
 All Other Shares & Deposits 4,686,492
  TOTAL SHARES & DEPOSITS 28,593,928
  TOTAL LIABILITIES 28,512,628
 Regular Reserve 341,025
 Other Reserves 0
 Undivided Earnings 2,880,239
  TOTAL EQUITY 3,221,264
  TOTAL LIABILITIES, SHARES, & EQUITY 31,733,892
INCOME & EXPENSE  
 Loan Income 85,713
 Investment Income 58,488
 Other Income 4,134
 Total Employee Compensation & Benefits 64,521
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 70,996
 Non-operating Income & (Expense) 1,450
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 25,463
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -11,195
↑ Back to Top

Other Credit Unions

DANVERS MUNICIPAL FEDERAL CREDIT UNION
1 Sylvan St.
DANVERS, MA 01923 2790
LYNN TEACHERS CREDIT UNION
33 NORTH COMMON STREET
LYNN, MA 01902-4311
LYNN MUNICIPAL EMPLOYEES CREDIT UNION
3 CITY HALL SQUARE, ROOM 104
LYNN, MA 01901
WAKEFIELD TOWN EMPLOYEES FEDERAL CREDIT UNION
PO BOX 571
WAKEFIELD, MA 01880
LYNN FIREMENS FEDERAL CREDIT UNION
30 BOSTON ST STE 9
LYNN, MA 01904
GREATER SALEM EMPLOYEES FEDERAL CREDIT UNION
10 COLONIAL RD STE 1A
SALEM, MA 01970
LYNN POLICE CREDIT UNION
300 WASHINGTON ST
LYNN, MA 01902
MASSACHUSETTS FAMILY CREDIT UNION
PO BOX 615
LYNN, MA 01903
MASSACHUSETTS FAMILY CREDIT UNION
PO BOX 615
LYNN, MA 01903
LUSO-AMERICAN CREDIT UNION
37 Tremont St
PEABODY, MA 01960