Sep, 30, 2025 — LEXINGTON MA FEDERAL CREDIT UNION is a federal credit union headquartered in LEXINGTON, MA with 1 branch location and about $9.31 million in total assets. Opened 65 years ago in 1961, LEXINGTON MA FEDERAL CREDIT UNION has about 1,139 members and employs 3 full and part-time employees 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: | 1,139 |
| 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: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,308,289 |
| CEO/Manager: | James McCorkle |
| Chairperson: | Steven Musto |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,426,614 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 295,478 |
| Unsecured Loans | 701,370 |
| Other Loans | 3,147,192 |
| TOTAL LOANS | 4,144,040 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,828 |
| Land And Building | 204,177 |
| Other Fixed Assets | 20,144 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 92,306 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,308,289 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 236 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 36,491 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,738,624 |
| Regular shares | 6,784,289 |
| All Other Shares & Deposits | 47,555 |
| TOTAL SHARES & DEPOSITS | 8,570,468 |
| TOTAL LIABILITIES | 8,607,195 |
| Regular Reserve | 0 |
| Other Reserves | 218,489 |
| Undivided Earnings | 482,605 |
| TOTAL EQUITY | 701,094 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,308,289 |
| INCOME & EXPENSE | |
| Loan Income | 176,145 |
| Investment Income | 152,395 |
| Other Income | 6,975 |
| Total Employee Compensation & Benefits | 81,053 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 458,468 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,490 |
| Cost of Funds | 4,341 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -216,596 |
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