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STOUGHTON TOWN EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — STOUGHTON TOWN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Stoughton, MA with 1 branch location and about $2.95 million in total assets. Opened 55 years ago in 1966, STOUGHTON TOWN EMPLOYEES FEDERAL CREDIT UNION has about 546 members and employs 3 full and part-time employees 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
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:546
Credit Union Type:Federal Credit Union
Charter Number:17437
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1966
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,954,225
CEO/Manager:JAMES L BOUSHELL
Chairperson:SCOTT BREEN

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 432,026
TOTAL INVESTMENTS 1,489,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 167,777
 Other Loans 851,670
 TOTAL LOANS 1,019,447
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -13,061
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 23,723
 All Other Assets 3,090
  TOTAL ASSETS 2,954,225
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,910
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,623,795
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,623,795
  TOTAL LIABILITIES 2,625,705
 Regular Reserve 94,960
 Other Reserves 0
 Undivided Earnings 233,560
  TOTAL EQUITY 328,520
  TOTAL LIABILITIES, SHARES, & EQUITY 2,954,225
INCOME & EXPENSE  
 Loan Income 9,737
 Investment Income 1,284
 Other Income 0
 Total Employee Compensation & Benefits 8,795
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,813
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,853
 Cost of Funds 637
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -4,077
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