Sep, 30, 2025 — MEDFORD MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MEDFORD, MA with 1 branch location and about $7.27 million in total assets. Opened 89 years ago in 1937, MEDFORD MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 761 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEDFORD MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 85 GEORGE P HASSETT DR RM 200 MEDFORD, MA 02155-3256 |
| Phone: | (781) 393-2458 |
| Fax: | (781) 393-2456 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 761 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24615 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,267,168 |
| CEO/Manager: | TANYA I ARRUDA |
| Chairperson: | Jeffrey Fargo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 766,818 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,077,888 |
| Other Loans | 1,335,188 |
| TOTAL LOANS | 2,413,076 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,120 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 54,826 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,267,168 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,943 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,440,670 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 5,440,670 |
| TOTAL LIABILITIES | 5,452,613 |
| Regular Reserve | 0 |
| Other Reserves | 130,409 |
| Undivided Earnings | 1,684,146 |
| TOTAL EQUITY | 1,814,555 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,267,168 |
| INCOME & EXPENSE | |
| Loan Income | 145,711 |
| Investment Income | 133,706 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 93,196 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 67,721 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 40,764 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 77,736 |
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