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LEXINGTON MA FEDERAL CREDIT UNION

Jun, 30, 2021 — LEXINGTON MA FEDERAL CREDIT UNION is a federal credit union headquartered in LEXINGTON, MA with 1 branch location and about $12.05 million in total assets. Opened 60 years ago in 1961, LEXINGTON MA FEDERAL CREDIT UNION has about 1,173 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:http://www.lexmafcu.com
Branches:1 branch locations
Members:1,173
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$12,052,342
CEO/Manager:Carol H Patterson
Chairperson:Steven Musto

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,932,806
TOTAL INVESTMENTS 3,730,371
Loans Held for Sale 0
 
 Real Estate Loans 672,911
 Unsecured Loans 931,713
 Other Loans 3,384,741
 TOTAL LOANS 4,989,365
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -29,394
 Land And Building 238,013
 Other Fixed Assets 3,344
 NCUSIF Deposit 98,324
 All Other Assets 89,513
  TOTAL ASSETS 12,052,342
LIABILITIES & CAPITAL:  
 Dividends Payable 36
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,845
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,654,145
 Regular shares 9,173,402
 All Other Shares & Deposits 30,000
  TOTAL SHARES & DEPOSITS 10,857,547
  TOTAL LIABILITIES 10,862,428
 Regular Reserve 218,488
 Other Reserves 0
 Undivided Earnings 971,426
  TOTAL EQUITY 1,189,914
  TOTAL LIABILITIES, SHARES, & EQUITY 12,052,342
INCOME & EXPENSE  
 Loan Income 146,058
 Investment Income 16,205
 Other Income 2,313
 Total Employee Compensation & Benefits 75,358
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 105,775
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,560
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -19,200
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