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PEABODY MUNICIPAL FEDERAL CREDIT UNION

Dec, 31, 2020 — PEABODY MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in PEABODY, MA with 1 branch location and about $30.32 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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$30,319,772
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 11,821,047
TOTAL INVESTMENTS 12,556,510
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,766,300
 Other Loans 3,260,366
 TOTAL LOANS 5,026,666
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -52,942
 Land And Building 686,551
 Other Fixed Assets 21,525
 NCUSIF Deposit 225,011
 All Other Assets 35,404
  TOTAL ASSETS 30,319,772
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 69,756
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,264,434
 Regular shares 20,733,020
 All Other Shares & Deposits 4,020,102
  TOTAL SHARES & DEPOSITS 27,017,556
  TOTAL LIABILITIES 27,087,312
 Regular Reserve 341,025
 Other Reserves 0
 Undivided Earnings 2,891,435
  TOTAL EQUITY 3,232,460
  TOTAL LIABILITIES, SHARES, & EQUITY 30,319,772
INCOME & EXPENSE  
 Loan Income 377,751
 Investment Income 299,611
 Other Income 15,951
 Total Employee Compensation & Benefits 297,381
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 283,452
 Non-operating Income & (Expense) 5,650
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 35,000
 Cost of Funds 90,124
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -6,994
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