COMMONWEALTH UTILITIES CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://cufcu.org for more information.
Dec, 31, 2023 — COMMONWEALTH UTILITIES CREDIT UNION is a federal credit union headquartered in Marion, MA with 1 branch location and about $50.81 million in total assets. Opened 98 years ago in 1926, COMMONWEALTH UTILITIES CREDIT UNION has about 1,620 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMONWEALTH UTILITIES CREDIT UNION |
|---|---|
| Address: (Main Office) | 312 Wareham Rd Marion, MA 02738 |
| Phone: | (508) 748-3452 |
| Fax: | (508) 748-3456 |
| Website: | https://cufcu.org |
| Branches: | 1 branch locations |
| Members: | 1,620 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24926 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1926 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,808,679 |
| CEO/Manager: | M. Gloria Camara |
| Chairperson: | Brenda Mahoney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,559,788 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,933,614 |
| Unsecured Loans | 1,446,027 |
| Other Loans | 2,727,818 |
| TOTAL LOANS | 10,107,459 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -84,527 |
| Land And Building | 0 |
| Other Fixed Assets | 26,680 |
| NCUSIF Deposit | 411,715 |
| All Other Assets | 0 |
| TOTAL ASSETS | 50,808,679 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 249,403 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,146,470 |
| Regular shares | 23,414,993 |
| All Other Shares & Deposits | 14,556,940 |
| TOTAL SHARES & DEPOSITS | 43,118,403 |
| TOTAL LIABILITIES | 43,367,806 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,440,873 |
| TOTAL EQUITY | 7,440,873 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,808,679 |
| INCOME & EXPENSE | |
| Loan Income | 375,238 |
| Investment Income | 409,341 |
| Other Income | 35,204 |
| Total Employee Compensation & Benefits | 250,728 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 299,779 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,699 |
| Cost of Funds | 58,433 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 263,116 |
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