COASTAL NEW ENGLAND FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.cnefcu.org for more information.
Dec, 31, 2023 — COASTAL NEW ENGLAND FEDERAL CREDIT UNION is a federal credit union headquartered in NEW BEDFORD, MA with 1 branch location and about $19.53 million in total assets. Opened 113 years ago in 1911, COASTAL NEW ENGLAND FEDERAL CREDIT UNION has about 2,083 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COASTAL NEW ENGLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 93 UNION ST NEW BEDFORD, MA 02740 |
| Phone: | (508) 993-0011 |
| Fax: | (508) 992-7672 |
| Website: | https://www.cnefcu.org |
| Branches: | 1 branch locations |
| Members: | 2,083 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24913 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1911 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,534,361 |
| CEO/Manager: | Tyler M Dechaine |
| Chairperson: | Richard Oliveira |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,975,068 |
| TOTAL INVESTMENTS | 2,602,159 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,916,170 |
| Unsecured Loans | 743,529 |
| Other Loans | 5,962,124 |
| TOTAL LOANS | 13,628,836 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -78,590 |
| Land And Building | 186,353 |
| Other Fixed Assets | 881 |
| NCUSIF Deposit | 178,832 |
| All Other Assets | 40,822 |
| TOTAL ASSETS | 19,534,361 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 176,410 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,758,940 |
| Regular shares | 9,981,996 |
| All Other Shares & Deposits | 4,378,684 |
| TOTAL SHARES & DEPOSITS | 18,119,620 |
| TOTAL LIABILITIES | 18,296,030 |
| Regular Reserve | 590,669 |
| Other Reserves | 0 |
| Undivided Earnings | 647,662 |
| TOTAL EQUITY | 1,238,331 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,534,361 |
| INCOME & EXPENSE | |
| Loan Income | 611,286 |
| Investment Income | 11,092 |
| Other Income | 76,530 |
| Total Employee Compensation & Benefits | 320,308 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 439,802 |
| Non-operating Income & (Expense) | 3,848 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,654 |
| Cost of Funds | 34,349 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -22,374 |
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