Sep, 30, 2025 — CAMBRIDGE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in CAMBRIDGE, MA with 1 branch location and about $10.70 million in total assets. Opened 87 years ago in 1939, CAMBRIDGE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 1,320 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CAMBRIDGE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 795 Massachusetts Ave CAMBRIDGE, MA 02139-3201 |
| Phone: | (617) 547-4671 |
| Fax: | (617) 547-7969 |
| Website: | https://www.cambridgefcu.com |
| Branches: | 1 branch locations |
| Members: | 1,320 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3056 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,700,374 |
| CEO/Manager: | David Kale |
| Chairperson: | Louis A DePasquale |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,138,925 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 778,541 |
| Unsecured Loans | 876,376 |
| Other Loans | 1,587,912 |
| TOTAL LOANS | 3,242,829 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,763 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 80,914 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,700,374 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,828 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 8,284,415 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 8,284,415 |
| TOTAL LIABILITIES | 8,292,243 |
| Regular Reserve | 0 |
| Other Reserves | 409,007 |
| Undivided Earnings | 1,999,124 |
| TOTAL EQUITY | 2,408,131 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,700,374 |
| INCOME & EXPENSE | |
| Loan Income | 167,640 |
| Investment Income | 254,351 |
| Other Income | 2,767 |
| Total Employee Compensation & Benefits | 153,598 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 85,518 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,000 |
| Cost of Funds | 6,105 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 196,043 |
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