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CAMBRIDGE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

Sep, 30, 2021 — CAMBRIDGE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in CAMBRIDGE, MA with 1 branch location and about $11.16 million in total assets. Opened 82 years ago in 1939, CAMBRIDGE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 1,391 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:1,391
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:$11,160,237
CEO/Manager:Camille Bernazzani
Chairperson:David Kale

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,395,737
TOTAL INVESTMENTS 3,044,000
Loans Held for Sale 0
 
 Real Estate Loans 827,158
 Unsecured Loans 560,713
 Other Loans 258,862
 TOTAL LOANS 1,646,733
 (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 85,138
 All Other Assets 347
  TOTAL ASSETS 11,160,237
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 9,210,495
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 9,210,495
  TOTAL LIABILITIES 9,214,705
 Regular Reserve 175,643
 Other Reserves 233,364
 Undivided Earnings 1,536,525
  TOTAL EQUITY 1,945,532
  TOTAL LIABILITIES, SHARES, & EQUITY 11,160,237
INCOME & EXPENSE  
 Loan Income 81,795
 Investment Income 56,862
 Other Income 1,580
 Total Employee Compensation & Benefits 104,935
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 74,207
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 6,603
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -42,256
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