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600 ATLANTIC FEDERAL CREDIT UNION

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
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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