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LEXINGTON MA FEDERAL CREDIT UNION

Dec, 31, 2023 — LEXINGTON MA FEDERAL CREDIT UNION is a federal credit union headquartered in LEXINGTON, MA with 1 branch location and about $10.74 million in total assets. Opened 63 years ago in 1961, LEXINGTON MA FEDERAL CREDIT UNION has about 1,119 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LEXINGTON MA FEDERAL CREDIT UNION
Address:
(Main Office)
3 Fletcher Ave
LEXINGTON, MA 02420
Phone:(781) 862-9011
Fax:(781) 674-2960
Website:https://www.lexmafcu.com
Branches:1 branch locations
Members:1,119
Credit Union Type:Federal Credit Union
Charter Number:14750
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1961
Last Audited:Jun 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$10,743,631
CEO/Manager:JANICE M EVELYN
Chairperson:Steven Musto

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 637,361
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 375,575
 Unsecured Loans 1,087,595
 Other Loans 4,533,610
 TOTAL LOANS 5,996,780
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,728
 Land And Building 229,339
 Other Fixed Assets 30,817
 NCUSIF Deposit 112,766
 All Other Assets 0
  TOTAL ASSETS 10,743,631
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,614
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,440,847
 Regular shares 8,205,684
 All Other Shares & Deposits 37,472
  TOTAL SHARES & DEPOSITS 9,684,003
  TOTAL LIABILITIES 9,686,617
 Regular Reserve 0
 Other Reserves 218,489
 Undivided Earnings 838,525
  TOTAL EQUITY 1,057,014
  TOTAL LIABILITIES, SHARES, & EQUITY 10,743,631
INCOME & EXPENSE  
 Loan Income 0
 Investment Income 0
 Other Income 0
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 0
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 0
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