Sep, 30, 2025 — MALDEN FEDERAL CREDIT UNION is a federal credit union headquartered in MALDEN, MA with 1 branch location and about $28.62 million in total assets. Opened 85 years ago in 1941, MALDEN FEDERAL CREDIT UNION has about 1,561 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MALDEN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10 Holden St MALDEN, MA 02148 |
| Phone: | (781) 324-2241 |
| Fax: | (781) 324-8828 |
| Website: | https://www.maldenfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,561 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4472 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,622,445 |
| CEO/Manager: | Patricia L Dempsey |
| Chairperson: | Fred Feldman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 839,845 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,109,500 |
| Unsecured Loans | 939,160 |
| Other Loans | 1,111,054 |
| TOTAL LOANS | 12,159,714 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -81,882 |
| Land And Building | 0 |
| Other Fixed Assets | 184 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 221,647 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,622,445 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 54,294 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,658,327 |
| Regular shares | 5,396,156 |
| All Other Shares & Deposits | 15,645,455 |
| TOTAL SHARES & DEPOSITS | 23,699,937 |
| TOTAL LIABILITIES | 23,754,231 |
| Regular Reserve | 0 |
| Other Reserves | 625,422 |
| Undivided Earnings | 4,242,792 |
| TOTAL EQUITY | 4,868,214 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,622,445 |
| INCOME & EXPENSE | |
| Loan Income | 478,529 |
| Investment Income | 368,633 |
| Other Income | 29,099 |
| Total Employee Compensation & Benefits | 275,855 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 259,821 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 261,721 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 78,864 |
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