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WAKEFIELD TOWN EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — WAKEFIELD TOWN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WAKEFIELD, MA with 1 branch location and about $4.39 million in total assets. Opened 54 years ago in 1967, WAKEFIELD TOWN EMPLOYEES FEDERAL CREDIT UNION has about 640 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:WAKEFIELD TOWN EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 571
WAKEFIELD, MA 01880
Phone:(781) 245-9331
Fax:(781) 246-9652
Website:n/a
Branches:1 branch locations
Members:640
Credit Union Type:Federal Credit Union
Charter Number:17870
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1967
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$4,387,047
CEO/Manager:Paula Whittemore
Chairperson:Donna Brehaut

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 186,810
TOTAL INVESTMENTS 2,712,553
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 175,481
 Other Loans 1,182,601
 TOTAL LOANS 1,358,082
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,092
 Land And Building 4,866
 Other Fixed Assets 684
 NCUSIF Deposit 30,782
 All Other Assets 101,362
  TOTAL ASSETS 4,387,047
LIABILITIES & CAPITAL:  
 Dividends Payable 1,282
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 97,152
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,698,798
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 3,698,798
  TOTAL LIABILITIES 3,797,232
 Regular Reserve 76,218
 Other Reserves 0
 Undivided Earnings 513,597
  TOTAL EQUITY 589,815
  TOTAL LIABILITIES, SHARES, & EQUITY 4,387,047
INCOME & EXPENSE  
 Loan Income 17,053
 Investment Income 8,561
 Other Income 0
 Total Employee Compensation & Benefits 9,936
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,202
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,282
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,194
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