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MEDFORD MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2022 — MEDFORD MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MEDFORD, MA with 1 branch location and about $8.49 million in total assets. Opened 85 years ago in 1937, MEDFORD MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 814 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:814
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$8,491,657
CEO/Manager:TANYA I ARRUDA
Chairperson:Jeffrey Fargo

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 397,978
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 979,861
 Other Loans 958,497
 TOTAL LOANS 1,938,358
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,375
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 67,154
 All Other Assets 0
  TOTAL ASSETS 8,491,657
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,793,272
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 6,793,272
  TOTAL LIABILITIES 6,793,272
 Regular Reserve 0
 Other Reserves 139,272
 Undivided Earnings 1,559,113
  TOTAL EQUITY 1,698,385
  TOTAL LIABILITIES, SHARES, & EQUITY 8,491,657
INCOME & EXPENSE  
 Loan Income 36,107
 Investment Income 10,339
 Other Income 0
 Total Employee Compensation & Benefits 27,142
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 24,927
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,159
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -9,782
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