Sep, 30, 2025 — BURLINGTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BURLINGTON, MA with 0 branch location and about $10.72 million in total assets. Opened 64 years ago in 1962, BURLINGTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 1,175 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: | BURLINGTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7 Bedford St BURLINGTON, MA 01803-3774 |
| Phone: | (781) 272-2046 |
| Fax: | (781) 273-4987 |
| Website: | https://www.burlingtonmefcu.com |
| Branches: | 0 branch locations |
| Members: | 1,175 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14865 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Aug 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,719,839 |
| CEO/Manager: | Erin B Degan |
| Chairperson: | Gerald Mills |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,680,829 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 889,952 |
| Unsecured Loans | 836,239 |
| Other Loans | 3,348,421 |
| TOTAL LOANS | 5,074,616 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,757 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 87,620 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,719,839 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 25,448 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,749 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 984,368 |
| Regular shares | 6,801,554 |
| All Other Shares & Deposits | 1,405,357 |
| TOTAL SHARES & DEPOSITS | 9,191,280 |
| TOTAL LIABILITIES | 9,220,477 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,499,362 |
| TOTAL EQUITY | 1,499,362 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,719,839 |
| INCOME & EXPENSE | |
| Loan Income | 240,156 |
| Investment Income | 180,289 |
| Other Income | 1,548 |
| Total Employee Compensation & Benefits | 160,809 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 66,596 |
| Non-operating Income & (Expense) | 11,140 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 42,167 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 163,561 |
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