Sep, 30, 2025 — BELMONT MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in BELMONT, MA with 1 branch location and about $3.62 million in total assets. Opened 86 years ago in 1940, BELMONT MUNICIPAL FEDERAL CREDIT UNION has about 386 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BELMONT MUNICIPAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 455 Concord Ave BELMONT, MA 02478 |
| Phone: | (617) 993-2790 |
| Fax: | (617) 993-2601 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 386 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4192 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,622,860 |
| CEO/Manager: | John Steeves |
| Chairperson: | Michael Santoro |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 119,719 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,215,742 |
| Unsecured Loans | 731,120 |
| Other Loans | 442,823 |
| TOTAL LOANS | 2,389,685 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,100 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 26,496 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,622,860 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 16,228 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,707,806 |
| All Other Shares & Deposits | 92,050 |
| TOTAL SHARES & DEPOSITS | 2,799,856 |
| TOTAL LIABILITIES | 2,816,084 |
| Regular Reserve | 0 |
| Other Reserves | 49,420 |
| Undivided Earnings | 757,356 |
| TOTAL EQUITY | 806,776 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,622,860 |
| INCOME & EXPENSE | |
| Loan Income | 133,099 |
| Investment Income | 29,367 |
| Other Income | 767 |
| Total Employee Compensation & Benefits | 99,704 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 22,556 |
| Non-operating Income & (Expense) | -265 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,805 |
| Cost of Funds | 2,218 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,685 |
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