Dec, 31, 2023 — SYMPHONY FEDERAL CREDIT UNION is a federal credit union headquartered in BOSTON, MA with 1 branch location and about $1.72 million in total assets. Opened 56 years ago in 1968, SYMPHONY FEDERAL CREDIT UNION has about 259 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SYMPHONY FEDERAL CREDIT UNION |
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Address: (Main Office) | 301 Massachusetts Ave BOSTON, MA 02115 |
Phone: | (857) 362-7328 |
Fax: | (857) 362-7329 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 259 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18861 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,721,635 |
CEO/Manager: | Christine Ross |
Chairperson: | Ronan L Lefkowitz |
ASSETS: | $ Amount |
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Cash & Equivalents | 140,815 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 487,411 |
Unsecured Loans | 149,970 |
Other Loans | 833,347 |
TOTAL LOANS | 1,547,775 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,018 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 18,156 |
All Other Assets | 0 |
TOTAL ASSETS | 1,721,635 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 7,909 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -62 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 799,286 |
All Other Shares & Deposits | 718,666 |
TOTAL SHARES & DEPOSITS | 1,517,953 |
TOTAL LIABILITIES | 1,525,800 |
Regular Reserve | 0 |
Other Reserves | 189,519 |
Undivided Earnings | 6,316 |
TOTAL EQUITY | 195,835 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,721,635 |
INCOME & EXPENSE | |
Loan Income | 103,103 |
Investment Income | 9,614 |
Other Income | 0 |
Total Employee Compensation & Benefits | 86,691 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 39,194 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 11,372 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,460 |
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» See also Statement of Financial Condition