Credit Unions Near Me
National Credit Union Service Organization

CAMBRIDGE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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

Other Credit Unions

SYMPHONY FEDERAL CREDIT UNION
301 Massachusetts Ave
BOSTON, MA 02115
M.O.S.E.S. FEDERAL CREDIT UNION
90 N Washington St
BOSTON, MA 02114-1914
HEALTH ALLIANCE FEDERAL CREDIT UNION
230 Highland Ave
SOMERVILLE, MA 02143-1408
BOSTON CUSTOMS FEDERAL CREDIT UNION
10 Causeway St Rm 436
BOSTON, MA 02222-1051
SOMERVILLE MASS FIREFIGHTERS FEDERAL CREDIT UNION
266 broadway
SOMERVILLE, MA 02145
NEW ENGLAND LEE FEDERAL CREDIT UNION
72 Kneeland St
BOSTON, MA 02111
ALPHA CREDIT UNION
1 Deaconess Rd
BOSTON, MA 02215
CAMBRIDGE TEACHERS FEDERAL CREDIT UNION
20 Felton St
CAMBRIDGE, MA 02138
CAMBRIDGE FIREFIGHTERS FEDERAL CREDIT UNION
113 Garden St
CAMBRIDGE, MA 02138-6700
SOMERVILLE SCHOOL EMPLOYEES FEDERAL CREDIT UNION
100 Highland Ave
SOMERVILLE, MA 02143