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MEDFORD MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — MEDFORD MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MEDFORD, MA with 1 branch location and about $8.09 million in total assets. Opened 84 years ago in 1937, MEDFORD MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 815 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 02155-3299
Phone:(781) 393-2458
Fax:(781) 393-2456
Website:n/a
Branches:1 branch locations
Members:815
Credit Union Type:Federal Credit Union
Charter Number:24615
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1937
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$8,085,612
CEO/Manager:TANYA I ARRUDA
Chairperson:Jeffrey Fargo

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 744,666
TOTAL INVESTMENTS 5,026,500
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,137,532
 Other Loans 1,124,154
 TOTAL LOANS 2,261,686
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,375
 Land And Building 0
 Other Fixed Assets 2,453
 NCUSIF Deposit 57,849
 All Other Assets 4,833
  TOTAL ASSETS 8,085,612
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,549
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,392,075
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 6,392,075
  TOTAL LIABILITIES 6,399,624
 Regular Reserve 130,409
 Other Reserves 0
 Undivided Earnings 1,555,579
  TOTAL EQUITY 1,685,988
  TOTAL LIABILITIES, SHARES, & EQUITY 8,085,612
INCOME & EXPENSE  
 Loan Income 170,648
 Investment Income 95,206
 Other Income 0
 Total Employee Compensation & Benefits 101,951
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 74,009
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 21,546
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 68,348
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