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MEDFORD MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2021 — MEDFORD MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MEDFORD, MA with 1 branch location and about $8.27 million in total assets. Opened 84 years ago in 1937, MEDFORD MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 807 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:807
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:$8,266,346
CEO/Manager:TANYA I ARRUDA
Chairperson:Jeffrey Fargo

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 792,021
TOTAL INVESTMENTS 5,337,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,027,961
 Other Loans 1,044,969
 TOTAL LOANS 2,072,930
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,375
 Land And Building 0
 Other Fixed Assets 1,715
 NCUSIF Deposit 63,921
 All Other Assets 11,134
  TOTAL ASSETS 8,266,346
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 13,269
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,554,564
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 6,554,564
  TOTAL LIABILITIES 6,567,833
 Regular Reserve 130,409
 Other Reserves 0
 Undivided Earnings 1,568,104
  TOTAL EQUITY 1,698,513
  TOTAL LIABILITIES, SHARES, & EQUITY 8,266,346
INCOME & EXPENSE  
 Loan Income 74,819
 Investment Income 36,217
 Other Income 0
 Total Employee Compensation & Benefits 50,680
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 39,985
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 7,847
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 12,524
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