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CAMBRIDGE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — CAMBRIDGE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in CAMBRIDGE, MA with 1 branch location and about $10.86 million in total assets. Opened 82 years ago in 1939, CAMBRIDGE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 1,407 members 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., CITY HALL
CAMBRIDGE, MA 02139-3201
Phone:(617) 547-4671
Fax:(617) 547-7969
Website:http://www.cambridgefcu.com
Branches:1 branch locations
Members:1,407
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$10,857,079
CEO/Manager:Camille Bernazzani
Chairperson:David Kale

Call Report

  • Real Estate Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,205,397
TOTAL INVESTMENTS 4,732,206
Loans Held for Sale 0
 
 Real Estate Loans 967,260
 Unsecured Loans 603,392
 Other Loans 283,127
 TOTAL LOANS 1,853,779
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,718
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 77,415
 All Other Assets 0
  TOTAL ASSETS 10,857,079
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,210
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 8,459,716
 All Other Shares & Deposits 423,040
  TOTAL SHARES & DEPOSITS 8,882,756
  TOTAL LIABILITIES 8,886,966
 Regular Reserve 175,643
 Other Reserves 233,364
 Undivided Earnings 1,561,106
  TOTAL EQUITY 1,970,113
  TOTAL LIABILITIES, SHARES, & EQUITY 10,857,079
INCOME & EXPENSE  
 Loan Income 29,261
 Investment Income 20,677
 Other Income 1,260
 Total Employee Compensation & Benefits 31,374
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 36,460
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,128
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -17,675
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