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UMASSFIVE COLLEGE FEDERAL CREDIT UNION

Dec, 31, 2020 — UMASSFIVE COLLEGE FEDERAL CREDIT UNION is a federal credit union headquartered in Hadley, MA with 6 branch locations and about $599.70 million in total assets. Opened 54 years ago in 1967, UMASSFIVE COLLEGE FEDERAL CREDIT UNION has about 42,778 members and employs 119 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211880271
Name:UMASSFIVE COLLEGE FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 1060
Hadley, MA 01035
Phone:(413) 256-5500
Fax:(413) 253-9124
Website:http://www.umassfive.coop
Branches:6 branch locations
Members:42,778
Credit Union Type:Federal Credit Union
Charter Number:18181
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1967
Last Audited:Dec 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$599,696,574
CEO/Manager:Richard R Kump
Chairperson:Robert Harrison

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • In-School Branches
  • Insurance/Investment Sales
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 58,768,643
TOTAL INVESTMENTS 111,540,107
Loans Held for Sale 1,339,141
 
 Real Estate Loans 218,474,214
 Unsecured Loans 56,537,458
 Other Loans 118,551,867
 TOTAL LOANS 393,563,539
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,223,557
 Land And Building 4,568,095
 Other Fixed Assets 2,368,141
 NCUSIF Deposit 4,793,558
 All Other Assets 25,978,907
  TOTAL ASSETS 599,696,574
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,853,928
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 179,297,875
 Regular shares 159,941,352
 All Other Shares & Deposits 203,797,042
  TOTAL SHARES & DEPOSITS 543,036,269
  TOTAL LIABILITIES 546,890,197
 Regular Reserve 3,983,768
 Other Reserves 1,733,076
 Undivided Earnings 47,089,533
  TOTAL EQUITY 52,806,377
  TOTAL LIABILITIES, SHARES, & EQUITY 599,696,574
INCOME & EXPENSE  
 Loan Income 17,654,867
 Investment Income 2,440,633
 Other Income 6,792,552
 Total Employee Compensation & Benefits 9,216,636
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,226,466
 Non-operating Income & (Expense) -7,125
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,926,227
 Cost of Funds 2,930,927
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,580,671
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