Sep, 30, 2025 — MARBLEHEAD MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in MARBLEHEAD, MA with 1 branch location and about $12.20 million in total assets. Opened 48 years ago in 1978, MARBLEHEAD MUNICIPAL FEDERAL CREDIT UNION has about 1,239 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MARBLEHEAD MUNICIPAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7 Widger Rd MARBLEHEAD, MA 01945 |
| Phone: | (781) 631-7356 |
| Fax: | (781) 639-8717 |
| Website: | https://www.marbleheadcu.com |
| Branches: | 1 branch locations |
| Members: | 1,239 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23276 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Apr 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,198,250 |
| CEO/Manager: | James W Gaudette |
| Chairperson: | Dana W Kiernan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 566,577 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,858 |
| Unsecured Loans | 935,563 |
| Other Loans | 7,993,725 |
| TOTAL LOANS | 8,978,146 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,011 |
| Land And Building | 0 |
| Other Fixed Assets | 3,225 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 98,867 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,198,250 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 28,113 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,912 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,706,764 |
| All Other Shares & Deposits | 4,433,778 |
| TOTAL SHARES & DEPOSITS | 10,140,542 |
| TOTAL LIABILITIES | 10,172,567 |
| Regular Reserve | 0 |
| Other Reserves | 283,245 |
| Undivided Earnings | 1,742,438 |
| TOTAL EQUITY | 2,025,683 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,198,250 |
| INCOME & EXPENSE | |
| Loan Income | 311,240 |
| Investment Income | 111,298 |
| Other Income | 725 |
| Total Employee Compensation & Benefits | 160,787 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 60,062 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,756 |
| Cost of Funds | 143,742 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 56,916 |
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