Dec, 31, 2023 — BURLINGTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BURLINGTON, MA with 0 branch location and about $10.93 million in total assets. Opened 62 years ago in 1962, BURLINGTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 1,233 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | BURLINGTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 7 Bedford St BURLINGTON, MA 01803-3774 |
Phone: | (781) 272-2046 |
Fax: | (781) 273-4987 |
Website: | n/a |
Branches: | 0 branch locations |
Members: | 1,233 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14865 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $10,925,215 |
CEO/Manager: | Beverly E Hanafin |
Chairperson: | Richard Howard |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,141,827 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 579,549 |
Unsecured Loans | 941,481 |
Other Loans | 3,175,136 |
TOTAL LOANS | 4,696,166 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,694 |
Land And Building | 0 |
Other Fixed Assets | 18,115 |
NCUSIF Deposit | 101,827 |
All Other Assets | 0 |
TOTAL ASSETS | 10,925,215 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,493 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,237 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,028,340 |
Regular shares | 8,296,238 |
All Other Shares & Deposits | 451,517 |
TOTAL SHARES & DEPOSITS | 9,776,095 |
TOTAL LIABILITIES | 9,783,825 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,141,390 |
TOTAL EQUITY | 1,141,390 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,925,215 |
INCOME & EXPENSE | |
Loan Income | 269,099 |
Investment Income | 213,979 |
Other Income | 3,220 |
Total Employee Compensation & Benefits | 213,872 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 88,593 |
Non-operating Income & (Expense) | 14,663 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
Cost of Funds | 12,199 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 176,297 |
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