Sep, 30, 2025 — MORTON FEDERAL CREDIT UNION is a federal credit union headquartered in TAUNTON, MA with 1 branch location and about $9.81 million in total assets. Opened 48 years ago in 1978, MORTON FEDERAL CREDIT UNION has about 1,065 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://www.mortonfedcu.com |
| Branches: | 1 branch locations |
| Members: | 1,065 |
| 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, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,813,131 |
| CEO/Manager: | cristen galuski |
| Chairperson: | gary grace |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 521,736 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,418,037 |
| Unsecured Loans | 942,406 |
| Other Loans | 2,739,069 |
| TOTAL LOANS | 6,099,512 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,752 |
| Land And Building | 0 |
| Other Fixed Assets | 17,465 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 85,156 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,813,131 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,748 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 27,608 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 745,201 |
| Regular shares | 4,697,158 |
| All Other Shares & Deposits | 3,193,517 |
| TOTAL SHARES & DEPOSITS | 8,635,876 |
| TOTAL LIABILITIES | 8,670,232 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,142,899 |
| TOTAL EQUITY | 1,142,899 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,813,131 |
| INCOME & EXPENSE | |
| Loan Income | 238,630 |
| Investment Income | 118,590 |
| Other Income | 21,803 |
| Total Employee Compensation & Benefits | 89,389 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 131,516 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,248 |
| Cost of Funds | 63,108 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 81,168 |
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