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600 ATLANTIC FEDERAL CREDIT UNION

Jun, 30, 2021 — 600 ATLANTIC FEDERAL CREDIT UNION is a federal credit union headquartered in BOSTON, MA with 1 branch location and about $34.27 million in total assets. Opened 75 years ago in 1946, 600 ATLANTIC FEDERAL CREDIT UNION has about 1,555 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:http://www.600atlanticfcu.org
Branches:1 branch locations
Members:1,555
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:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$34,273,612
CEO/Manager:Ralph Moore
Chairperson:John Boudreau

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,045,438
TOTAL INVESTMENTS 11,785,325
Loans Held for Sale 0
 
 Real Estate Loans 14,558,421
 Unsecured Loans 1,539,775
 Other Loans 3,101,140
 TOTAL LOANS 19,199,336
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -159,428
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 273,736
 All Other Assets 129,205
  TOTAL ASSETS 34,273,612
LIABILITIES & CAPITAL:  
 Dividends Payable 12,134
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,636
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,457,118
 Regular shares 16,278,221
 All Other Shares & Deposits 11,242,838
  TOTAL SHARES & DEPOSITS 29,978,177
  TOTAL LIABILITIES 29,993,947
 Regular Reserve 462,047
 Other Reserves 0
 Undivided Earnings 3,817,618
  TOTAL EQUITY 4,279,665
  TOTAL LIABILITIES, SHARES, & EQUITY 34,273,612
INCOME & EXPENSE  
 Loan Income 421,043
 Investment Income 72,218
 Other Income 42,122
 Total Employee Compensation & Benefits 180,430
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 170,931
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,000
 Cost of Funds 93,771
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 86,251
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