Credit Unions Near Me
National Credit Union Service Organization

CUMBERLAND MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2024 — CUMBERLAND MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in CUMBERLAND, RI with 1 branch location and about $8.71 million in total assets. Opened 63 years ago in 1962, CUMBERLAND MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 942 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:942
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$8,706,484
CEO/Manager:Holly L Ayick
Chairperson:Geroge Stansfield

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 591,570
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 401,214
 Other Loans 3,075,595
 TOTAL LOANS 3,476,809
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,261
 Land And Building 0
 Other Fixed Assets 762
 NCUSIF Deposit 61,990
 All Other Assets 0
  TOTAL ASSETS 8,706,484
LIABILITIES & CAPITAL:  
 Dividends Payable 2,772
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,107
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,127,798
 All Other Shares & Deposits 4,041,613
  TOTAL SHARES & DEPOSITS 7,169,411
  TOTAL LIABILITIES 7,176,290
 Regular Reserve 0
 Other Reserves 393,330
 Undivided Earnings 1,136,864
  TOTAL EQUITY 1,530,194
  TOTAL LIABILITIES, SHARES, & EQUITY 8,706,484
INCOME & EXPENSE  
 Loan Income 105,992
 Investment Income 35,153
 Other Income 4,103
 Total Employee Compensation & Benefits 83,506
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 54,383
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -8,000
 Cost of Funds 9,808
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,551
↑ Back to Top

Other Credit Unions

NATCO EMPLOYEES FEDERAL CREDIT UNION
155 Brookside Ave
WEST WARWICK, RI 02893
POSTAL EMPLOYEES REGIONAL FEDERAL CREDIT UNION
40 Montgomery St
PAWTUCKET, RI 02860
PAWTUCKET MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
137 Roosevelt Ave
PAWTUCKET, RI 02860
COVENTRY TEACHERS FEDERAL CREDIT UNION
9 FOSTER DR
COVENTRY, RI 02816
WOODLAWN FEDERAL CREDIT UNION
744 Main st
PAWTUCKET, RI 02860
COMMUNITY & TEACHERS FEDERAL CREDIT UNION
1169 S Broadway
EAST PROVIDENCE, RI 02914-4931
BLACKSTONE RIVER FEDERAL CREDIT UNION
10 Monument Sq
WOONSOCKET, RI 02895
POSTAL GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION
179 W RIVER ST
PROVIDENCE, RI 02904-2610
CRANSTON MUNICIPAL EMPLOYEES CREDIT UNION
1615 Pontiac Ave
CRANSTON, RI 02920
RHODE ISLAND CREDIT UNION
160 Francis St
PROVIDENCE, RI 02903-1118