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LEXINGTON MA FEDERAL CREDIT UNION

Mar, 31, 2021 — LEXINGTON MA FEDERAL CREDIT UNION is a federal credit union headquartered in LEXINGTON, MA with 1 branch location and about $11.86 million in total assets. Opened 60 years ago in 1961, LEXINGTON MA FEDERAL CREDIT UNION has about 1,166 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:1,166
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:$11,861,142
CEO/Manager:Carol H Patterson
Chairperson:Steven Musto

Call Report

  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,087,549
TOTAL INVESTMENTS 3,480,371
Loans Held for Sale 0
 
 Real Estate Loans 766,341
 Unsecured Loans 978,426
 Other Loans 3,143,061
 TOTAL LOANS 4,887,828
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,873
 Land And Building 238,793
 Other Fixed Assets 3,571
 NCUSIF Deposit 98,324
 All Other Assets 93,579
  TOTAL ASSETS 11,861,142
LIABILITIES & CAPITAL:  
 Dividends Payable 22
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,394
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,641,778
 Regular shares 8,988,487
 All Other Shares & Deposits 30,000
  TOTAL SHARES & DEPOSITS 10,660,265
  TOTAL LIABILITIES 10,665,681
 Regular Reserve 218,489
 Other Reserves 0
 Undivided Earnings 976,972
  TOTAL EQUITY 1,195,461
  TOTAL LIABILITIES, SHARES, & EQUITY 11,861,142
INCOME & EXPENSE  
 Loan Income 72,052
 Investment Income 6,738
 Other Income 1,210
 Total Employee Compensation & Benefits 36,415
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 56,180
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,725
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -13,654
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