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MASSMUTUAL FEDERAL CREDIT UNION

Mar, 31, 2021 — MASSMUTUAL FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGFIELD, MA with 2 branch locations and about $359.68 million in total assets. Opened 59 years ago in 1962, MASSMUTUAL FEDERAL CREDIT UNION has about 13,220 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211885836
Name:MASSMUTUAL FEDERAL CREDIT UNION
Address:
(Main Office)
1295 STATE ST
SPRINGFIELD, MA 01111
Phone:(413) 744-3431
Fax:(413) 226-4359
Website:http://www.massmutualfcu.org
Branches:2 branch locations
Members:13,220
Credit Union Type:Federal Credit Union
Charter Number:24566
Membership Type:Service - Finance, Insurance, Real Estate, Trade
Corporate Credit Union:No
Year Opened:1962
Last Audited:Mar 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$359,682,443
CEO/Manager:David Plantier
Chairperson:Kerry Hurley

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Health Savings Accounts
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 43,611,210
TOTAL INVESTMENTS 119,607,237
Loans Held for Sale 0
 
 Real Estate Loans 148,097,015
 Unsecured Loans 12,538,251
 Other Loans 28,344,553
 TOTAL LOANS 188,979,819
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -252,315
 Land And Building 0
 Other Fixed Assets 354,157
 NCUSIF Deposit 2,262,518
 All Other Assets 5,119,817
  TOTAL ASSETS 359,682,443
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,961,887
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 55,576,607
 Regular shares 67,346,097
 All Other Shares & Deposits 199,758,088
  TOTAL SHARES & DEPOSITS 322,680,792
  TOTAL LIABILITIES 324,642,679
 Regular Reserve 2,293,771
 Other Reserves 0
 Undivided Earnings 32,745,993
  TOTAL EQUITY 35,039,764
  TOTAL LIABILITIES, SHARES, & EQUITY 359,682,443
INCOME & EXPENSE  
 Loan Income 1,699,129
 Investment Income 392,257
 Other Income 205,322
 Total Employee Compensation & Benefits 595,114
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 841,884
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -42,681
 Cost of Funds 508,923
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 519,199
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