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COMMON TRUST FEDERAL CREDIT UNION

Mar, 31, 2021 — COMMON TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in WOBURN, MA with 0 branch location and about $53.23 million in total assets. Opened 55 years ago in 1966, COMMON TRUST FEDERAL CREDIT UNION has about 3,019 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:COMMON TRUST FEDERAL CREDIT UNION
Address:
(Main Office)
8 CEDAR ST
WOBURN, MA 01801-7246
Phone:(781) 933-2600
Fax:(781) 933-3621
Website:http://www.commontrustfcu.org
Branches:0 branch locations
Members:3,019
Credit Union Type:Federal Credit Union
Charter Number:17847
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1966
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$53,228,525
CEO/Manager:James M McCorkle
Chairperson:Kathleen McSweeney

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,314,790
TOTAL INVESTMENTS 16,622,026
Loans Held for Sale 0
 
 Real Estate Loans 14,478,699
 Unsecured Loans 4,316,377
 Other Loans 5,011,691
 TOTAL LOANS 23,806,767
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -145,970
 Land And Building 0
 Other Fixed Assets 121,674
 NCUSIF Deposit 377,258
 All Other Assets 4,131,980
  TOTAL ASSETS 53,228,525
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 158,680
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,038,313
 Regular shares 24,548,258
 All Other Shares & Deposits 18,387,762
  TOTAL SHARES & DEPOSITS 48,974,333
  TOTAL LIABILITIES 49,133,013
 Regular Reserve 766,388
 Other Reserves -111,808
 Undivided Earnings 3,440,932
  TOTAL EQUITY 4,095,512
  TOTAL LIABILITIES, SHARES, & EQUITY 53,228,525
INCOME & EXPENSE  
 Loan Income 272,504
 Investment Income 53,739
 Other Income 14,268
 Total Employee Compensation & Benefits 145,492
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 206,191
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 16,500
 Cost of Funds 21,279
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 42,412
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