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METROWEST COMMUNITY FEDERAL CREDIT UNION

Jun, 30, 2021 — METROWEST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in FRAMINGHAM, MA with 1 branch location and about $127.46 million in total assets. Opened 80 years ago in 1941, METROWEST COMMUNITY FEDERAL CREDIT UNION has about 7,551 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.


ABA Routing Number: 211382986
Name:METROWEST COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
200 CONCORD ST
FRAMINGHAM, MA 01701
Phone:(508) 879-5522
Fax:
Website:http://www.mwcfcu.com
Branches:1 branch locations
Members:7,551
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$127,458,277
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 10,807,889
TOTAL INVESTMENTS 48,460,111
Loans Held for Sale 0
 
 Real Estate Loans 43,769,782
 Unsecured Loans 6,281,912
 Other Loans 16,508,316
 TOTAL LOANS 66,560,010
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -277,031
 Land And Building 372,717
 Other Fixed Assets 170,053
 NCUSIF Deposit 1,042,082
 All Other Assets 322,446
  TOTAL ASSETS 127,458,277
LIABILITIES & CAPITAL:  
 Dividends Payable 2,376
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -612,677
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 18,704,865
 Regular shares 43,581,906
 All Other Shares & Deposits 55,546,395
  TOTAL SHARES & DEPOSITS 117,833,166
  TOTAL LIABILITIES 117,222,865
 Regular Reserve 1,662,311
 Other Reserves -1,116,933
 Undivided Earnings 9,690,034
  TOTAL EQUITY 10,235,412
  TOTAL LIABILITIES, SHARES, & EQUITY 127,458,277
INCOME & EXPENSE  
 Loan Income 1,260,176
 Investment Income 363,663
 Other Income 190,666
 Total Employee Compensation & Benefits 708,437
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 665,795
 Non-operating Income & (Expense) 15,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 32,500
 Cost of Funds 299,005
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 203,126
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