Sep, 30, 2025 — BILLERICA MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BILLERICA, MA with 1 branch location and about $23.97 million in total assets. Opened 55 years ago in 1971, BILLERICA MUNICIPAL EMPLOYEES CREDIT UNION has about 1,255 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BILLERICA MUNICIPAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 365 Boston Rd BILLERICA, MA 01821 |
| Phone: | (978) 667-2434 |
| Fax: | (978) 670-6062 |
| Website: | https://www.billericamecu.com |
| Branches: | 1 branch locations |
| Members: | 1,255 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66336 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,966,454 |
| CEO/Manager: | Joyce M MacMillan |
| Chairperson: | Paul Morris |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,073,828 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,379,593 |
| Unsecured Loans | 562,931 |
| Other Loans | 4,021,019 |
| TOTAL LOANS | 6,963,543 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,254 |
| Land And Building | 0 |
| Other Fixed Assets | 9,538 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 173,830 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,966,454 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 37,221 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 515,692 |
| Regular shares | 12,218,230 |
| All Other Shares & Deposits | 7,164,256 |
| TOTAL SHARES & DEPOSITS | 19,898,178 |
| TOTAL LIABILITIES | 19,935,399 |
| Regular Reserve | 0 |
| Other Reserves | 199,042 |
| Undivided Earnings | 3,832,013 |
| TOTAL EQUITY | 4,031,055 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,966,454 |
| INCOME & EXPENSE | |
| Loan Income | 239,500 |
| Investment Income | 380,909 |
| Other Income | 3,641 |
| Total Employee Compensation & Benefits | 148,723 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 108,064 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 263,045 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 104,218 |
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