Dec, 31, 2023 — TAUPA LITHUANIAN FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH BOSTON, MA with 0 branch location and about $26.27 million in total assets. Opened 43 years ago in 1981, TAUPA LITHUANIAN FEDERAL CREDIT UNION has about 1,745 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: | TAUPA LITHUANIAN FEDERAL CREDIT UNION |
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Address: (Main Office) | 368 W Broadway SOUTH BOSTON, MA 02127-2272 |
Phone: | (617) 269-1450 |
Fax: | (617) 268-1655 |
Website: | https://taupaboston.com |
Branches: | 0 branch locations |
Members: | 1,745 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23803 |
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Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1981 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $26,271,126 |
CEO/Manager: | Andrius Dilba |
Chairperson: | Nida S Veitas-Purins |
ASSETS: | $ Amount |
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Cash & Equivalents | 388,855 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 23,031,793 |
Unsecured Loans | 743,918 |
Other Loans | 556,564 |
TOTAL LOANS | 24,332,275 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -87,992 |
Land And Building | 0 |
Other Fixed Assets | 1,824 |
NCUSIF Deposit | 202,326 |
All Other Assets | 0 |
TOTAL ASSETS | 26,271,126 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,700,000 |
Accounts Payable & Other Liabilities | 46,403 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,773,710 |
Regular shares | 1,933,265 |
All Other Shares & Deposits | 16,087,918 |
TOTAL SHARES & DEPOSITS | 21,794,893 |
TOTAL LIABILITIES | 23,541,296 |
Regular Reserve | 0 |
Other Reserves | 1,687,833 |
Undivided Earnings | 1,041,997 |
TOTAL EQUITY | 2,729,830 |
TOTAL LIABILITIES, SHARES, & EQUITY | 26,271,126 |
INCOME & EXPENSE | |
Loan Income | 1,086,825 |
Investment Income | 75,211 |
Other Income | 19,236 |
Total Employee Compensation & Benefits | 231,001 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 233,408 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
Cost of Funds | 455,635 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 236,283 |
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