Sep, 30, 2025 — CUMBERLAND MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in CUMBERLAND, RI with 1 branch location and about $8.40 million in total assets. Opened 64 years ago in 1962, CUMBERLAND MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 802 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CUMBERLAND MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2145 Diamond Hill Rd CUMBERLAND, RI 02864-5135 |
| Phone: | (401) 658-0010 |
| Fax: | (401) 658-0099 |
| Website: | https://www.cumberlandcu.org |
| Branches: | 1 branch locations |
| Members: | 802 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24486 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,399,494 |
| CEO/Manager: | Holly L Ayick |
| Chairperson: | Geroge Stansfield |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 732,124 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 322,159 |
| Other Loans | 3,168,975 |
| TOTAL LOANS | 3,491,134 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,824 |
| Land And Building | 0 |
| Other Fixed Assets | 223 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 56,929 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,399,494 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 52,450 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,014 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,284,320 |
| All Other Shares & Deposits | 4,307,391 |
| TOTAL SHARES & DEPOSITS | 6,591,711 |
| TOTAL LIABILITIES | 6,653,175 |
| Regular Reserve | 0 |
| Other Reserves | 393,330 |
| Undivided Earnings | 1,352,989 |
| TOTAL EQUITY | 1,746,319 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,399,494 |
| INCOME & EXPENSE | |
| Loan Income | 163,623 |
| Investment Income | 145,522 |
| Other Income | 1,973 |
| Total Employee Compensation & Benefits | 105,199 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 62,458 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,000 |
| Cost of Funds | 107,393 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 41,068 |
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