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BILLERICA MUNICIPAL EMPLOYEES CREDIT UNION

Dec, 31, 2020 — BILLERICA MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BILLERICA, MA with 1 branch location and about $17.56 million in total assets. Opened 50 years ago in 1971, BILLERICA MUNICIPAL EMPLOYEES CREDIT UNION has about 1,213 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:BILLERICA MUNICIPAL EMPLOYEES CREDIT UNION
Address:
(Main Office)
365 BOSTON RD
BILLERICA, MA 01821
Phone:(978) 667-2434
Fax:(978) 670-6062
Website:http://www.billericamecu.com
Branches:1 branch locations
Members:1,213
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$17,556,685
CEO/Manager:Joyce M MacMillan
Chairperson:philip loranger

Call Report

  • Real Estate Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,878,447
TOTAL INVESTMENTS 10,120,625
Loans Held for Sale 0
 
 Real Estate Loans 1,671,321
 Unsecured Loans 350,949
 Other Loans 2,356,481
 TOTAL LOANS 4,378,751
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -27,350
 Land And Building 0
 Other Fixed Assets 12,031
 NCUSIF Deposit 124,675
 All Other Assets 69,506
  TOTAL ASSETS 17,556,685
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 19,075
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 571,866
 Regular shares 11,954,915
 All Other Shares & Deposits 1,608,274
  TOTAL SHARES & DEPOSITS 14,135,055
  TOTAL LIABILITIES 14,154,130
 Regular Reserve 199,042
 Other Reserves 0
 Undivided Earnings 3,203,513
  TOTAL EQUITY 3,402,555
  TOTAL LIABILITIES, SHARES, & EQUITY 17,556,685
INCOME & EXPENSE  
 Loan Income 186,416
 Investment Income 208,414
 Other Income 5,885
 Total Employee Compensation & Benefits 176,215
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 89,991
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 15,028
 Cost of Funds 48,094
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 71,387
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