Sep, 30, 2025 — CRANSTON MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CRANSTON, RI with 2 branch locations and about $78.71 million in total assets. Opened 80 years ago in 1946, CRANSTON MUNICIPAL EMPLOYEES CREDIT UNION has about 3,147 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CRANSTON MUNICIPAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1615 Pontiac Ave CRANSTON, RI 02920 |
| Phone: | (401) 463-3010 |
| Fax: | (401) 463-3319 |
| Website: | https://www.cmecreditunion.org |
| Branches: | 2 branch locations |
| Members: | 3,147 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60780 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $78,711,987 |
| CEO/Manager: | Timothy Dyl |
| Chairperson: | Joseph A Balducci |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,737,197 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 36,326,005 |
| Unsecured Loans | 2,925,368 |
| Other Loans | 9,889,212 |
| TOTAL LOANS | 49,140,586 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -116,381 |
| Land And Building | 4,267,624 |
| Other Fixed Assets | 654,776 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 558,286 |
| All Other Assets | 0 |
| TOTAL ASSETS | 78,711,987 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 93,230 |
| Notes & Interest Payable | 7,700,000 |
| Accounts Payable & Other Liabilities | 512,150 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,526,934 |
| Regular shares | 18,922,940 |
| All Other Shares & Deposits | 33,335,959 |
| TOTAL SHARES & DEPOSITS | 57,785,834 |
| TOTAL LIABILITIES | 66,096,214 |
| Regular Reserve | 0 |
| Other Reserves | 145,764 |
| Undivided Earnings | 12,470,009 |
| TOTAL EQUITY | 12,615,773 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 78,711,987 |
| INCOME & EXPENSE | |
| Loan Income | 2,144,085 |
| Investment Income | 363,675 |
| Other Income | 40,821 |
| Total Employee Compensation & Benefits | 805,710 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 900,008 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 110,000 |
| Cost of Funds | 1,012,431 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -212,927 |
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