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SYMPHONY FEDERAL CREDIT UNION

Jun, 30, 2021 — SYMPHONY FEDERAL CREDIT UNION is a federal credit union headquartered in BOSTON, MA with 1 branch location and about $2.07 million in total assets. Opened 53 years ago in 1968, SYMPHONY FEDERAL CREDIT UNION has about 288 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SYMPHONY FEDERAL CREDIT UNION
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:288
Credit Union Type:Federal Credit Union
Charter Number:18861
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1968
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,069,375
CEO/Manager:Christine Ross
Chairperson:Ronan L Lefkowitz

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 728,310
TOTAL INVESTMENTS 23,500
Loans Held for Sale 0
 
 Real Estate Loans 220,562
 Unsecured Loans 153,827
 Other Loans 714,580
 TOTAL LOANS 1,301,720
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -15,487
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 18,404
 All Other Assets 12,928
  TOTAL ASSETS 2,069,375
LIABILITIES & CAPITAL:  
 Dividends Payable 2,317
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -54
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 916,950
 All Other Shares & Deposits 896,936
  TOTAL SHARES & DEPOSITS 1,813,886
  TOTAL LIABILITIES 1,816,149
 Regular Reserve 191,725
 Other Reserves 0
 Undivided Earnings 61,501
  TOTAL EQUITY 253,226
  TOTAL LIABILITIES, SHARES, & EQUITY 2,069,375
INCOME & EXPENSE  
 Loan Income 44,644
 Investment Income 280
 Other Income 0
 Total Employee Compensation & Benefits 46,942
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 20,582
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,822
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -24,422
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