Jun, 30, 2024 — PAWTUCKET MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in PAWTUCKET, RI with 1 branch location and about $7.15 million in total assets. Opened 61 years ago in 1964, PAWTUCKET MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 1,348 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PAWTUCKET MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 137 Roosevelt Ave PAWTUCKET, RI 02860 |
| Phone: | (401) 728-0500 |
| Fax: | (401) 727-0243 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,348 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16016 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,150,814 |
| CEO/Manager: | Lisa Paiva |
| Chairperson: | Michael D Wilcox |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,191,112 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 649,339 |
| Other Loans | 2,383,792 |
| TOTAL LOANS | 3,033,131 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,470 |
| Land And Building | 0 |
| Other Fixed Assets | 14,636 |
| NCUSIF Deposit | 53,281 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,150,814 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,238 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 403,713 |
| Regular shares | 6,162,819 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,566,532 |
| TOTAL LIABILITIES | 6,573,770 |
| Regular Reserve | 0 |
| Other Reserves | 108,395 |
| Undivided Earnings | 468,649 |
| TOTAL EQUITY | 577,044 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,150,814 |
| INCOME & EXPENSE | |
| Loan Income | 117,414 |
| Investment Income | 10,613 |
| Other Income | 1,329 |
| Total Employee Compensation & Benefits | 102,260 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 47,769 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,927 |
| Cost of Funds | 7,840 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -22,082 |
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