Dec, 31, 2023 — LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LEOMINSTER, MA with 1 branch location and about $24.12 million in total assets. Opened 88 years ago in 1936, LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION has about 1,833 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 |
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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: | 1,833 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1461 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $24,121,336 |
CEO/Manager: | Thomas R Clark |
Chairperson: | David R Cormier |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,866,327 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,505,461 |
Unsecured Loans | 706,523 |
Other Loans | 6,433,021 |
TOTAL LOANS | 13,645,003 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -79,754 |
Land And Building | 0 |
Other Fixed Assets | 67,702 |
NCUSIF Deposit | 210,993 |
All Other Assets | 0 |
TOTAL ASSETS | 24,121,336 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 123,654 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 53,116 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,874,157 |
Regular shares | 11,490,356 |
All Other Shares & Deposits | 5,970,941 |
TOTAL SHARES & DEPOSITS | 21,335,453 |
TOTAL LIABILITIES | 21,512,223 |
Regular Reserve | 0 |
Other Reserves | 230,927 |
Undivided Earnings | 2,378,186 |
TOTAL EQUITY | 2,609,113 |
TOTAL LIABILITIES, SHARES, & EQUITY | 24,121,336 |
INCOME & EXPENSE | |
Loan Income | 604,464 |
Investment Income | 363,290 |
Other Income | 47,541 |
Total Employee Compensation & Benefits | 400,544 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 201,535 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 33,097 |
Cost of Funds | 176,122 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 214,881 |
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