Dec, 31, 2023 — REVERE FIREFIGHTERS CREDIT UNION is a federal credit union headquartered in REVERE, MA with 1 branch location and about $5.98 million in total assets. Opened 67 years ago in 1957, REVERE FIREFIGHTERS CREDIT UNION has about 220 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: | REVERE FIREFIGHTERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 199 Revere St REVERE, MA 02151 |
| Phone: | (781) 853-0660 |
| Fax: | (781) 853-0785 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 220 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24956 |
|---|---|
| Membership Type: | Single common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,978,175 |
| CEO/Manager: | Thomas S Todisco |
| Chairperson: | Domenic Lasala |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 177,649 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 90,976 |
| Unsecured Loans | 451,538 |
| Other Loans | 1,264,532 |
| TOTAL LOANS | 1,807,047 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,714 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 64,343 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,978,175 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,156 |
| 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 | 5,252,422 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 5,252,422 |
| TOTAL LIABILITIES | 5,261,578 |
| Regular Reserve | 0 |
| Other Reserves | -4,794 |
| Undivided Earnings | 721,391 |
| TOTAL EQUITY | 716,597 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,978,175 |
| INCOME & EXPENSE | |
| Loan Income | 77,834 |
| Investment Income | 86,033 |
| Other Income | 3,174 |
| Total Employee Compensation & Benefits | 71,714 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 63,009 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 56,368 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -138,355 |
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