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NEW ENGLAND TEAMSTERS FEDERAL CREDIT UNION

Mar, 31, 2021 — NEW ENGLAND TEAMSTERS FEDERAL CREDIT UNION is a federal credit union headquartered in BURLINGTON, MA with 1 branch location and about $87.93 million in total assets. Opened 48 years ago in 1973, NEW ENGLAND TEAMSTERS FEDERAL CREDIT UNION has about 5,463 members and employs 7 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: 211081892
Name:NEW ENGLAND TEAMSTERS FEDERAL CREDIT UNION
Address:
(Main Office)
1 WALL ST STE 402
BURLINGTON, MA 01803
Phone:(781) 641-6700
Fax:(781) 641-6701
Website:http://www.netfcu.org
Branches:1 branch locations
Members:5,463
Credit Union Type:Federal Credit Union
Charter Number:21507
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1973
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$87,929,527
CEO/Manager:Barbara J Frazier
Chairperson:John A Murphy

Call Report

  • Commercial Loans
  • Credit Builder
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Refund Anticipation Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,206,516
TOTAL INVESTMENTS 35,529,068
Loans Held for Sale 0
 
 Real Estate Loans 30,589,658
 Unsecured Loans 2,063,229
 Other Loans 2,114,343
 TOTAL LOANS 34,767,230
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -352,447
 Land And Building 0
 Other Fixed Assets 1,056,266
 NCUSIF Deposit 589,261
 All Other Assets 3,133,633
  TOTAL ASSETS 87,929,527
LIABILITIES & CAPITAL:  
 Dividends Payable 34,405
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 273,734
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,675,923
 Regular shares 30,334,741
 All Other Shares & Deposits 40,798,191
  TOTAL SHARES & DEPOSITS 80,808,855
  TOTAL LIABILITIES 81,116,994
 Regular Reserve 2,000,000
 Other Reserves 85,759
 Undivided Earnings 4,726,774
  TOTAL EQUITY 6,812,533
  TOTAL LIABILITIES, SHARES, & EQUITY 87,929,527
INCOME & EXPENSE  
 Loan Income 356,230
 Investment Income 92,363
 Other Income 88,272
 Total Employee Compensation & Benefits 273,291
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 282,747
 Non-operating Income & (Expense) 20,398
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 82,211
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -57,017
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