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NEW ENGLAND LEE FEDERAL CREDIT UNION

Jun, 30, 2021 — NEW ENGLAND LEE FEDERAL CREDIT UNION is a federal credit union headquartered in BOSTON, MA with 0 branch location and about $2.81 million in total assets. Opened 57 years ago in 1964, NEW ENGLAND LEE FEDERAL CREDIT UNION has about 267 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)
PO BOX 120226
BOSTON, MA 02112-0226
Phone:(617) 482-0900
Fax:(617) 482-0900
Website:n/a
Branches:0 branch locations
Members:267
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,810,034
CEO/Manager:Richard Lee
Chairperson:Albert Li

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,247,090
TOTAL INVESTMENTS 887,927
Loans Held for Sale 0
 
 Real Estate Loans 524,907
 Unsecured Loans 108,639
 Other Loans 21,254
 TOTAL LOANS 654,800
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,200
 Land And Building 0
 Other Fixed Assets 2,335
 NCUSIF Deposit 14,158
 All Other Assets 13,924
  TOTAL ASSETS 2,810,034
LIABILITIES & CAPITAL:  
 Dividends Payable 2,165
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,914
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 670,259
 All Other Shares & Deposits 688,984
  TOTAL SHARES & DEPOSITS 1,359,243
  TOTAL LIABILITIES 1,363,322
 Regular Reserve 508,713
 Other Reserves 0
 Undivided Earnings 937,999
  TOTAL EQUITY 1,446,712
  TOTAL LIABILITIES, SHARES, & EQUITY 2,810,034
INCOME & EXPENSE  
 Loan Income 15,905
 Investment Income 1,752
 Other Income 16
 Total Employee Compensation & Benefits 5,511
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 13,845
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -3,000
 Cost of Funds 3,841
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -2,524
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