Sep, 30, 2025 — NEW ENGLAND LEE FEDERAL CREDIT UNION is a federal credit union headquartered in BOSTON, MA with 0 branch location and about $2.70 million in total assets. Opened 62 years ago in 1964, NEW ENGLAND LEE FEDERAL CREDIT UNION has about 252 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEW ENGLAND LEE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 72 Kneeland St BOSTON, MA 02111 |
| Phone: | (617) 482-0900 |
| Fax: | (617) 482-0900 |
| Website: | n/a |
| Branches: | 0 branch locations |
| Members: | 252 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16383 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,704,332 |
| CEO/Manager: | Richard Lee |
| Chairperson: | Albert Li |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 541,147 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 882,128 |
| Unsecured Loans | 76,897 |
| Other Loans | 53,304 |
| TOTAL LOANS | 1,012,329 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,614 |
| Land And Building | 0 |
| Other Fixed Assets | 575 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 12,550 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,704,332 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,233 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,323 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 502,890 |
| All Other Shares & Deposits | 657,951 |
| TOTAL SHARES & DEPOSITS | 1,160,841 |
| TOTAL LIABILITIES | 1,168,397 |
| Regular Reserve | 0 |
| Other Reserves | 508,713 |
| Undivided Earnings | 1,027,222 |
| TOTAL EQUITY | 1,535,935 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,704,332 |
| INCOME & EXPENSE | |
| Loan Income | 40,509 |
| Investment Income | 39,819 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 9,625 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 28,651 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,250 |
| Cost of Funds | 16,252 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 28,050 |
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