Dec, 31, 2023 — STOUGHTON TOWN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in STOUGHTON, MA with 1 branch location and about $2.71 million in total assets. Opened 58 years ago in 1966, STOUGHTON TOWN EMPLOYEES FEDERAL CREDIT UNION has about 467 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | STOUGHTON TOWN EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 10 Pearl St STOUGHTON, MA 02072-2364 |
Phone: | (781) 344-7394 |
Fax: | (781) 344-3758 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 467 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17437 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,705,862 |
CEO/Manager: | Charles R Conant IV |
Chairperson: | DEANNA CHATSKO |
ASSETS: | $ Amount |
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Cash & Equivalents | 99,603 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 290,594 |
Other Loans | 1,407,112 |
TOTAL LOANS | 1,697,705 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,612 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 24,500 |
All Other Assets | 0 |
TOTAL ASSETS | 2,705,862 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,107 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,423 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,373,319 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 2,373,319 |
TOTAL LIABILITIES | 2,376,849 |
Regular Reserve | 0 |
Other Reserves | 94,960 |
Undivided Earnings | 234,053 |
TOTAL EQUITY | 329,013 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,705,862 |
INCOME & EXPENSE | |
Loan Income | 75,754 |
Investment Income | 36,734 |
Other Income | 624 |
Total Employee Compensation & Benefits | 39,888 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 19,907 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,305 |
Cost of Funds | 7,915 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 25,104 |
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