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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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