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LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LEOMINSTER, MA with 1 branch location and about $21.66 million in total assets. Opened 85 years ago in 1936, LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION has about 1,889 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:1,889
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$21,656,695
CEO/Manager:Thomas R Clark
Chairperson:David R Cormier

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,469,918
TOTAL INVESTMENTS 6,476,808
Loans Held for Sale 0
 
 Real Estate Loans 4,603,763
 Unsecured Loans 804,266
 Other Loans 5,043,092
 TOTAL LOANS 10,451,121
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -73,362
 Land And Building 0
 Other Fixed Assets 46,984
 NCUSIF Deposit 170,315
 All Other Assets 114,911
  TOTAL ASSETS 21,656,695
LIABILITIES & CAPITAL:  
 Dividends Payable 38,684
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 44,102
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,211,120
 Regular shares 11,457,032
 All Other Shares & Deposits 4,752,379
  TOTAL SHARES & DEPOSITS 19,420,531
  TOTAL LIABILITIES 19,503,317
 Regular Reserve 230,927
 Other Reserves 0
 Undivided Earnings 1,922,451
  TOTAL EQUITY 2,153,378
  TOTAL LIABILITIES, SHARES, & EQUITY 21,656,695
INCOME & EXPENSE  
 Loan Income 534,448
 Investment Income 128,286
 Other Income 45,117
 Total Employee Compensation & Benefits 388,224
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 171,104
 Non-operating Income & (Expense) -2,825
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -12,574
 Cost of Funds 111,996
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 46,276
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