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BOSTON CUSTOMS FEDERAL CREDIT UNION

Jun, 30, 2021 — BOSTON CUSTOMS FEDERAL CREDIT UNION is a federal credit union headquartered in Boston, MA with 1 branch location and about $2.50 million in total assets. Opened 86 years ago in 1935, BOSTON CUSTOMS FEDERAL CREDIT UNION has about 312 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BOSTON CUSTOMS FEDERAL CREDIT UNION
Address:
(Main Office)
10 Causeway Street, Room 436
Boston, MA 02222
Phone:(617) 742-1135
Fax:(617) 742-4283
Website:n/a
Branches:1 branch locations
Members:312
Credit Union Type:Federal Credit Union
Charter Number:524
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1935
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$2,502,871
CEO/Manager:Richard P Dargon
Chairperson:Sarah Young

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 298,700
TOTAL INVESTMENTS 824,642
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 680,717
 Other Loans 675,042
 TOTAL LOANS 1,355,759
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,606
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 19,295
 All Other Assets 9,081
  TOTAL ASSETS 2,502,871
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,413
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,158,496
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,158,496
  TOTAL LIABILITIES 2,159,909
 Regular Reserve 91,840
 Other Reserves 0
 Undivided Earnings 251,122
  TOTAL EQUITY 342,962
  TOTAL LIABILITIES, SHARES, & EQUITY 2,502,871
INCOME & EXPENSE  
 Loan Income 30,301
 Investment Income 14,641
 Other Income 25
 Total Employee Compensation & Benefits 23,725
 NCUSIF Premiums Expense 1,950
 Total Other Operating Expenses 10,276
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,063
 Cost of Funds 2,026
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,927
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