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National Credit Union Service Organization

LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2021 — LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LEOMINSTER, MA with 1 branch location and about $23.22 million in total assets. Opened 85 years ago in 1936, LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION has about 1,885 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:http://www.leomefcu.org
Branches:1 branch locations
Members:1,885
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$23,222,622
CEO/Manager:Thomas R Clark
Chairperson:David R Cormier

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,717,072
TOTAL INVESTMENTS 7,324,614
Loans Held for Sale 0
 
 Real Estate Loans 5,148,837
 Unsecured Loans 694,941
 Other Loans 4,973,039
 TOTAL LOANS 10,816,817
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -40,818
 Land And Building 0
 Other Fixed Assets 53,355
 NCUSIF Deposit 194,202
 All Other Assets 157,380
  TOTAL ASSETS 23,222,622
LIABILITIES & CAPITAL:  
 Dividends Payable 18,225
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 46,017
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,641,774
 Regular shares 12,586,520
 All Other Shares & Deposits 4,686,724
  TOTAL SHARES & DEPOSITS 20,915,018
  TOTAL LIABILITIES 20,979,260
 Regular Reserve 230,927
 Other Reserves 0
 Undivided Earnings 2,012,435
  TOTAL EQUITY 2,243,362
  TOTAL LIABILITIES, SHARES, & EQUITY 23,222,622
INCOME & EXPENSE  
 Loan Income 257,438
 Investment Income 31,318
 Other Income 17,371
 Total Employee Compensation & Benefits 178,108
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 86,916
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 7,264
 Cost of Funds 23,642
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 89,984
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