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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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