Dec, 31, 2023 — MORTON FEDERAL CREDIT UNION is a federal credit union headquartered in TAUNTON, MA with 1 branch location and about $9.91 million in total assets. Opened 46 years ago in 1978, MORTON FEDERAL CREDIT UNION has about 1,044 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MORTON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 88 washington st TAUNTON, MA 02780-2465 |
| Phone: | (508) 828-7036 |
| Fax: | (508) 880-0448 |
| Website: | https://mortonfedcu.com |
| Branches: | 1 branch locations |
| Members: | 1,044 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24511 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,911,049 |
| CEO/Manager: | cristen galuski |
| Chairperson: | gary grace |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 729,402 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,952,810 |
| Unsecured Loans | 631,324 |
| Other Loans | 1,693,329 |
| TOTAL LOANS | 4,277,462 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,147 |
| Land And Building | 0 |
| Other Fixed Assets | 189 |
| NCUSIF Deposit | 88,031 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,911,049 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,366 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,645 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 861,340 |
| Regular shares | 5,619,648 |
| All Other Shares & Deposits | 2,512,584 |
| TOTAL SHARES & DEPOSITS | 8,993,573 |
| TOTAL LIABILITIES | 9,005,584 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 905,465 |
| TOTAL EQUITY | 905,465 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,911,049 |
| INCOME & EXPENSE | |
| Loan Income | 209,189 |
| Investment Income | 131,616 |
| Other Income | 29,511 |
| Total Employee Compensation & Benefits | 107,159 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 158,836 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,646 |
| Cost of Funds | 16,640 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 76,285 |
| ↑ Back to Top | |