Mar, 31, 2022 — METROWEST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in FRAMINGHAM, MA with 1 branch location and about $132.85 million in total assets. Opened 81 years ago in 1941, METROWEST COMMUNITY FEDERAL CREDIT UNION has about 7,331 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | METROWEST COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 200 Concord St FRAMINGHAM, MA 01702-8306 |
Phone: | (508) 879-5522 |
Fax: | |
Website: | http://www.mwcfcu.com |
Branches: | 1 branch locations |
Members: | 7,331 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4731 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $132,851,434 |
CEO/Manager: | Joseph Mansour |
Chairperson: | Paul Barbieri |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,609,711 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 46,034,362 |
Unsecured Loans | 6,278,285 |
Other Loans | 16,358,173 |
TOTAL LOANS | 68,670,820 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -276,016 |
Land And Building | 350,658 |
Other Fixed Assets | 167,383 |
NCUSIF Deposit | 1,104,045 |
All Other Assets | 0 |
TOTAL ASSETS | 132,851,434 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,376 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -1,036,312 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 17,440,081 |
Regular shares | 48,314,632 |
All Other Shares & Deposits | 57,808,565 |
TOTAL SHARES & DEPOSITS | 123,563,278 |
TOTAL LIABILITIES | 122,528,342 |
Regular Reserve | 0 |
Other Reserves | -1,286,074 |
Undivided Earnings | 11,609,166 |
TOTAL EQUITY | 10,323,092 |
TOTAL LIABILITIES, SHARES, & EQUITY | 132,851,434 |
INCOME & EXPENSE | |
Loan Income | 614,570 |
Investment Income | 144,315 |
Other Income | 115,222 |
Total Employee Compensation & Benefits | 327,332 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 368,654 |
Non-operating Income & (Expense) | 9,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,500 |
Cost of Funds | 116,618 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 91,500 |
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