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National Credit Union Service Organization

M.O.S.E.S. FEDERAL CREDIT UNION

Mar, 31, 2021 — M.O.S.E.S. FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH READING, MA with 0 branch location and about $1.95 million in total assets. Opened 41 years ago in 1980, M.O.S.E.S. FEDERAL CREDIT UNION has about 336 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:M.O.S.E.S. FEDERAL CREDIT UNION
Address:
(Main Office)
P.O.BOX 521
NORTH READING, MA 01864
Phone:(978) 276-0750
Fax:(978) 276-0757
Website:n/a
Branches:0 branch locations
Members:336
Credit Union Type:Federal Credit Union
Charter Number:23627
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1980
Last Audited:Jul 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,954,141
CEO/Manager:Joanne Demers
Chairperson:Robert Danilecki

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 589,720
TOTAL INVESTMENTS 597,228
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 618,897
 Other Loans 138,785
 TOTAL LOANS 757,682
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,031
 Land And Building 0
 Other Fixed Assets 1,326
 NCUSIF Deposit 14,902
 All Other Assets 3,314
  TOTAL ASSETS 1,954,141
LIABILITIES & CAPITAL:  
 Dividends Payable 671
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 19,688
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,664,277
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,664,277
  TOTAL LIABILITIES 1,684,636
 Regular Reserve 59,063
 Other Reserves 0
 Undivided Earnings 210,442
  TOTAL EQUITY 269,505
  TOTAL LIABILITIES, SHARES, & EQUITY 1,954,141
INCOME & EXPENSE  
 Loan Income 14,459
 Investment Income 1,818
 Other Income 236
 Total Employee Compensation & Benefits 12,627
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,546
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 670
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -4,330
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