Sep, 30, 2025 — STONEHAM MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in STONEHAM, MA with 4 branch locations and about $70.04 million in total assets. Opened 63 years ago in 1963, STONEHAM MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 4,290 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STONEHAM MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 40 Pine St STONEHAM, MA 02180-2048 |
| Phone: | (781) 438-3959 |
| Fax: | (781) 438-6224 |
| Website: | https://www.smefcu.org |
| Branches: | 4 branch locations |
| Members: | 4,290 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15393 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $70,039,316 |
| CEO/Manager: | Ann Marie Waugh |
| Chairperson: | Anita Woodland |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,221,323 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,957,493 |
| Unsecured Loans | 1,812,754 |
| Other Loans | 5,286,895 |
| TOTAL LOANS | 20,057,142 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -91,917 |
| Land And Building | 889,601 |
| Other Fixed Assets | 100,027 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 558,282 |
| All Other Assets | 0 |
| TOTAL ASSETS | 70,039,316 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 221,593 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,127,983 |
| Regular shares | 40,735,047 |
| All Other Shares & Deposits | 7,685,907 |
| TOTAL SHARES & DEPOSITS | 58,548,937 |
| TOTAL LIABILITIES | 58,770,530 |
| Regular Reserve | 0 |
| Other Reserves | 4,414,689 |
| Undivided Earnings | 6,854,097 |
| TOTAL EQUITY | 11,268,786 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 70,039,316 |
| INCOME & EXPENSE | |
| Loan Income | 798,084 |
| Investment Income | 1,241,003 |
| Other Income | 172,496 |
| Total Employee Compensation & Benefits | 772,736 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 839,166 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -136,902 |
| Cost of Funds | 182,955 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 557,582 |
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