Sep, 30, 2025 — LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LEOMINSTER, MA with 1 branch location and about $27.61 million in total assets. Opened 90 years ago in 1936, LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION has about 1,778 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: | LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 24 Church St LEOMINSTER, MA 01453 |
| Phone: | (978) 534-0240 |
| Fax: | (978) 466-6832 |
| Website: | https://www.leomefcu.org |
| Branches: | 1 branch locations |
| Members: | 1,778 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1461 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,613,623 |
| CEO/Manager: | Thomas R Clark |
| Chairperson: | Pamela P Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,694,510 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,647,145 |
| Unsecured Loans | 579,116 |
| Other Loans | 5,800,317 |
| TOTAL LOANS | 14,026,578 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -74,341 |
| Land And Building | 0 |
| Other Fixed Assets | 39,962 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 235,155 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,613,623 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 181,576 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 41,141 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,521,259 |
| Regular shares | 11,146,032 |
| All Other Shares & Deposits | 9,569,865 |
| TOTAL SHARES & DEPOSITS | 24,237,156 |
| TOTAL LIABILITIES | 24,459,873 |
| Regular Reserve | 0 |
| Other Reserves | 230,927 |
| Undivided Earnings | 2,922,823 |
| TOTAL EQUITY | 3,153,750 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,613,623 |
| INCOME & EXPENSE | |
| Loan Income | 605,022 |
| Investment Income | 421,976 |
| Other Income | 31,769 |
| Total Employee Compensation & Benefits | 352,840 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 163,945 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -6,449 |
| Cost of Funds | 302,895 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 257,018 |
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