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MIDDLESEX-ESSEX POSTAL EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — MIDDLESEX-ESSEX POSTAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH READING, MA with 1 branch location and about $5.40 million in total assets. Opened 52 years ago in 1969, MIDDLESEX-ESSEX POSTAL EMPLOYEES FEDERAL CREDIT UNION has about 791 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MIDDLESEX-ESSEX POSTAL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 577
NORTH READING, MA 01864
Phone:(978) 664-5938
Fax:(978) 664-0365
Website:n/a
Branches:1 branch locations
Members:791
Credit Union Type:Federal Credit Union
Charter Number:19446
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1969
Last Audited:Nov 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$5,399,488
CEO/Manager:Michele F Overton
Chairperson:Donna Gill

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 665,688
TOTAL INVESTMENTS 2,930,587
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 493,984
 Other Loans 1,273,228
 TOTAL LOANS 1,767,212
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -19,354
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 36,223
 All Other Assets 19,132
  TOTAL ASSETS 5,399,488
LIABILITIES & CAPITAL:  
 Dividends Payable 685
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,569
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,634,965
 All Other Shares & Deposits 206,325
  TOTAL SHARES & DEPOSITS 3,841,290
  TOTAL LIABILITIES 3,845,544
 Regular Reserve 76,104
 Other Reserves 0
 Undivided Earnings 1,477,840
  TOTAL EQUITY 1,553,944
  TOTAL LIABILITIES, SHARES, & EQUITY 5,399,488
INCOME & EXPENSE  
 Loan Income 134,328
 Investment Income 44,729
 Other Income 334
 Total Employee Compensation & Benefits 101,435
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 40,210
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 13,100
 Cost of Funds 18,781
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,865
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