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LEXINGTON MA FEDERAL CREDIT UNION

Mar, 31, 2022 — LEXINGTON MA FEDERAL CREDIT UNION is a federal credit union headquartered in LEXINGTON, MA with 1 branch location and about $12.41 million in total assets. Opened 61 years ago in 1961, LEXINGTON MA FEDERAL CREDIT UNION has about 1,131 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:1,131
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$12,408,547
CEO/Manager:Carol H Patterson
Chairperson:Steven Musto

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,572,707
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 430,096
 Unsecured Loans 887,430
 Other Loans 3,108,051
 TOTAL LOANS 4,425,577
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,348
 Land And Building 235,674
 Other Fixed Assets 2,822
 NCUSIF Deposit 98,323
 All Other Assets 0
  TOTAL ASSETS 12,408,547
LIABILITIES & CAPITAL:  
 Dividends Payable 22
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 13,848
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,650,049
 Regular shares 9,586,481
 All Other Shares & Deposits 30,000
  TOTAL SHARES & DEPOSITS 11,266,530
  TOTAL LIABILITIES 11,280,400
 Regular Reserve 0
 Other Reserves 190,219
 Undivided Earnings 937,928
  TOTAL EQUITY 1,128,147
  TOTAL LIABILITIES, SHARES, & EQUITY 12,408,547
INCOME & EXPENSE  
 Loan Income 53,162
 Investment Income 5,068
 Other Income 2,556
 Total Employee Compensation & Benefits 35,894
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 54,109
 Non-operating Income & (Expense) 2,834
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,886
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -28,269
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