Dec, 31, 2023 — CAMBRIDGE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in CAMBRIDGE, MA with 1 branch location and about $10.38 million in total assets. Opened 85 years ago in 1939, CAMBRIDGE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 1,324 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: | 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: | 1,324 |
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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $10,384,714 |
CEO/Manager: | David Kale |
Chairperson: | Louis A DePasquale |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 2,370,083 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 717,803 |
Unsecured Loans | 601,425 |
Other Loans | 1,150,547 |
TOTAL LOANS | 2,469,776 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,763 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 83,673 |
All Other Assets | 0 |
TOTAL ASSETS | 10,384,714 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 159,148 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 8,295,018 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 8,295,018 |
TOTAL LIABILITIES | 8,454,166 |
Regular Reserve | 0 |
Other Reserves | 409,007 |
Undivided Earnings | 1,521,541 |
TOTAL EQUITY | 1,930,548 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,384,714 |
INCOME & EXPENSE | |
Loan Income | 157,796 |
Investment Income | 155,397 |
Other Income | 3,639 |
Total Employee Compensation & Benefits | 121,190 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 118,026 |
Non-operating Income & (Expense) | 3,937 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 8,438 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 73,115 |
↑ Back to Top |
» See also Statement of Financial Condition