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METROWEST COMMUNITY FEDERAL CREDIT UNION

Dec, 31, 2022 — METROWEST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in FRAMINGHAM, MA with 1 branch location and about $130.73 million in total assets. Opened 82 years ago in 1941, METROWEST COMMUNITY FEDERAL CREDIT UNION has about 7,208 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211382986
Name:METROWEST COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
200 Concord St
FRAMINGHAM, MA 01702-8306
Phone:(508) 879-5522
Fax:
Website:https://www.mwcfcu.com
Branches:1 branch locations
Members:7,208
Credit Union Type:Federal Credit Union
Charter Number:4731
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:$130,732,687
CEO/Manager:Joseph Mansour
Chairperson:Paul Barbieri

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,882,904
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 48,372,584
 Unsecured Loans 6,529,466
 Other Loans 18,500,126
 TOTAL LOANS 73,402,176
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -282,653
 Land And Building 337,202
 Other Fixed Assets 161,849
 NCUSIF Deposit 1,169,715
 All Other Assets 0
  TOTAL ASSETS 130,732,687
LIABILITIES & CAPITAL:  
 Dividends Payable 508
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -1,089,530
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 18,448,653
 Regular shares 46,549,526
 All Other Shares & Deposits 56,720,122
  TOTAL SHARES & DEPOSITS 121,718,301
  TOTAL LIABILITIES 120,629,279
 Regular Reserve 0
 Other Reserves -1,776,007
 Undivided Earnings 11,879,415
  TOTAL EQUITY 10,103,408
  TOTAL LIABILITIES, SHARES, & EQUITY 130,732,687
INCOME & EXPENSE  
 Loan Income 1,891,235
 Investment Income 473,930
 Other Income 358,628
 Total Employee Compensation & Benefits 1,009,223
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,122,806
 Non-operating Income & (Expense) 28,500
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 52,250
 Cost of Funds 353,639
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 361,748
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