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LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — LEOMINSTER EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LEOMINSTER, MA with 1 branch location and about $22.79 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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$22,786,247
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 4,630,585
TOTAL INVESTMENTS 7,075,118
Loans Held for Sale 0
 
 Real Estate Loans 5,142,076
 Unsecured Loans 742,923
 Other Loans 4,935,263
 TOTAL LOANS 10,820,262
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -75,032
 Land And Building 0
 Other Fixed Assets 59,758
 NCUSIF Deposit 170,315
 All Other Assets 105,241
  TOTAL ASSETS 22,786,247
LIABILITIES & CAPITAL:  
 Dividends Payable 24,480
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 48,358
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,515,539
 Regular shares 12,347,848
 All Other Shares & Deposits 4,685,905
  TOTAL SHARES & DEPOSITS 20,549,292
  TOTAL LIABILITIES 20,622,130
 Regular Reserve 230,927
 Other Reserves 0
 Undivided Earnings 1,933,190
  TOTAL EQUITY 2,164,117
  TOTAL LIABILITIES, SHARES, & EQUITY 22,786,247
INCOME & EXPENSE  
 Loan Income 129,370
 Investment Income 17,401
 Other Income 7,999
 Total Employee Compensation & Benefits 87,065
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 43,775
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,370
 Cost of Funds 13,075
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 10,737
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