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NEW ENGLAND TEAMSTERS FEDERAL CREDIT UNION

Dec, 31, 2020 — NEW ENGLAND TEAMSTERS FEDERAL CREDIT UNION is a federal credit union headquartered in BURLINGTON, MA with 1 branch location and about $88.24 million in total assets. Opened 48 years ago in 1973, NEW ENGLAND TEAMSTERS FEDERAL CREDIT UNION has about 5,562 members and employs 8 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:5,562
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:$88,238,191
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 21,658,374
TOTAL INVESTMENTS 27,135,011
Loans Held for Sale 0
 
 Real Estate Loans 30,603,377
 Unsecured Loans 2,298,930
 Other Loans 2,095,358
 TOTAL LOANS 34,997,665
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -360,045
 Land And Building 0
 Other Fixed Assets 1,088,487
 NCUSIF Deposit 589,264
 All Other Assets 3,129,435
  TOTAL ASSETS 88,238,191
LIABILITIES & CAPITAL:  
 Dividends Payable 17,392
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 371,913
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,115,502
 Regular shares 30,769,076
 All Other Shares & Deposits 40,678,266
  TOTAL SHARES & DEPOSITS 80,562,844
  TOTAL LIABILITIES 80,952,149
 Regular Reserve 2,000,000
 Other Reserves 502,259
 Undivided Earnings 4,783,783
  TOTAL EQUITY 7,286,042
  TOTAL LIABILITIES, SHARES, & EQUITY 88,238,191
INCOME & EXPENSE  
 Loan Income 1,873,559
 Investment Income 405,486
 Other Income 430,330
 Total Employee Compensation & Benefits 1,080,911
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,289,808
 Non-operating Income & (Expense) 88,888
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 12,500
 Cost of Funds 554,960
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -139,916
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