Dec, 31, 2023 — 600 ATLANTIC FEDERAL CREDIT UNION is a federal credit union headquartered in BOSTON, MA with 1 branch location and about $41.40 million in total assets. Opened 78 years ago in 1946, 600 ATLANTIC FEDERAL CREDIT UNION has about 1,473 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | 600 ATLANTIC FEDERAL CREDIT UNION |
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Address: (Main Office) | 600 Atlantic Ave BOSTON, MA 02210 |
Phone: | (617) 973-3760 |
Fax: | (617) 973-5925 |
Website: | https://www.600atlanticfcu.org |
Branches: | 1 branch locations |
Members: | 1,473 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5256 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1946 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $41,398,060 |
CEO/Manager: | Ralph Moore |
Chairperson: | Brian J Donoghue |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,963,308 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 16,276,260 |
Unsecured Loans | 1,511,789 |
Other Loans | 3,864,400 |
TOTAL LOANS | 21,652,449 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,369 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 298,542 |
All Other Assets | 0 |
TOTAL ASSETS | 41,398,060 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 78,626 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 9,964 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,017,948 |
Regular shares | 14,295,481 |
All Other Shares & Deposits | 19,286,167 |
TOTAL SHARES & DEPOSITS | 36,599,595 |
TOTAL LIABILITIES | 36,688,185 |
Regular Reserve | 0 |
Other Reserves | 462,047 |
Undivided Earnings | 4,247,828 |
TOTAL EQUITY | 4,709,875 |
TOTAL LIABILITIES, SHARES, & EQUITY | 41,398,060 |
INCOME & EXPENSE | |
Loan Income | 972,957 |
Investment Income | 642,079 |
Other Income | 92,945 |
Total Employee Compensation & Benefits | 459,031 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 406,426 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,543 |
Cost of Funds | 582,037 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 222,944 |
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» See also Statement of Financial Condition