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NEW ENGLAND LEE FEDERAL CREDIT UNION

Dec, 31, 2020 — NEW ENGLAND LEE FEDERAL CREDIT UNION is a federal credit union headquartered in BOSTON, MA with 0 branch location and about $2.88 million in total assets. Opened 57 years ago in 1964, NEW ENGLAND LEE FEDERAL CREDIT UNION has about 271 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:271
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$2,877,395
CEO/Manager:Richard Lee
Chairperson:Albert Li

Call Report

  • Real Estate Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,278,311
TOTAL INVESTMENTS 862,927
Loans Held for Sale 0
 
 Real Estate Loans 570,224
 Unsecured Loans 129,070
 Other Loans 26,008
 TOTAL LOANS 725,302
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,200
 Land And Building 0
 Other Fixed Assets 2,646
 NCUSIF Deposit 14,754
 All Other Assets 2,655
  TOTAL ASSETS 2,877,395
LIABILITIES & CAPITAL:  
 Dividends Payable 2,210
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,386
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 726,573
 All Other Shares & Deposits 697,990
  TOTAL SHARES & DEPOSITS 1,424,563
  TOTAL LIABILITIES 1,428,159
 Regular Reserve 508,713
 Other Reserves 0
 Undivided Earnings 940,523
  TOTAL EQUITY 1,449,236
  TOTAL LIABILITIES, SHARES, & EQUITY 2,877,395
INCOME & EXPENSE  
 Loan Income 33,711
 Investment Income 18,399
 Other Income 1
 Total Employee Compensation & Benefits 11,133
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 32,616
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -5,500
 Cost of Funds 7,985
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,877
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