NEW LONDON MUNICIPAL EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://nlmecu.org for more information.
Dec, 31, 2023 — NEW LONDON MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in New London, CT with 1 branch location and about $3.04 million in total assets. Opened 71 years ago in 1953, NEW LONDON MUNICIPAL EMPLOYEES CREDIT UNION has about 448 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: | NEW LONDON MUNICIPAL EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 111 Union St New London, CT 06320 |
Phone: | (860) 447-1585 |
Fax: | (860) 444-1287 |
Website: | https://nlmecu.org |
Branches: | 1 branch locations |
Members: | 448 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60480 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,037,569 |
CEO/Manager: | Melissa S Robinson |
Chairperson: | Mark C Topliff |
ASSETS: | $ Amount |
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Cash & Equivalents | 248,386 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 319,696 |
Unsecured Loans | 322,085 |
Other Loans | 1,332,037 |
TOTAL LOANS | 1,973,818 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,000 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 25,605 |
All Other Assets | 0 |
TOTAL ASSETS | 3,037,569 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,270 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 57,897 |
Regular shares | 2,403,664 |
All Other Shares & Deposits | 1,551 |
TOTAL SHARES & DEPOSITS | 2,463,112 |
TOTAL LIABILITIES | 2,466,382 |
Regular Reserve | 0 |
Other Reserves | 78,970 |
Undivided Earnings | 492,217 |
TOTAL EQUITY | 571,187 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,037,569 |
INCOME & EXPENSE | |
Loan Income | 20,717 |
Investment Income | 3,586 |
Other Income | 1,196 |
Total Employee Compensation & Benefits | 31,592 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 16,384 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -300 |
Cost of Funds | 31 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -6,599 |
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» See also Statement of Financial Condition