Dec, 31, 2023 — BROOKLINE MUNICIPAL CREDIT UNION is a federally insured state chartered credit union headquartered in BROOKLINE, MA with 1 branch location and about $45.01 million in total assets. Opened 85 years ago in 1939, BROOKLINE MUNICIPAL CREDIT UNION has about 2,544 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: | BROOKLINE MUNICIPAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 334 WASHINGTON ST BROOKLINE, MA 02445-6850 |
| Phone: | (617) 232-9410 |
| Fax: | (617) 232-1462 |
| Website: | https://brooklinecu.com |
| Branches: | 1 branch locations |
| Members: | 2,544 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67340 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $45,011,748 |
| CEO/Manager: | PAUL J DEMAIO |
| Chairperson: | MARJORIE R LALLI |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,911,422 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,652,531 |
| Unsecured Loans | 498,488 |
| Other Loans | 3,506,261 |
| TOTAL LOANS | 14,657,280 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -123,859 |
| Land And Building | 17,181 |
| Other Fixed Assets | 25,697 |
| NCUSIF Deposit | 396,214 |
| All Other Assets | 0 |
| TOTAL ASSETS | 45,011,748 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 73,943 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,734,998 |
| Regular shares | 19,015,971 |
| All Other Shares & Deposits | 12,344,456 |
| TOTAL SHARES & DEPOSITS | 39,095,425 |
| TOTAL LIABILITIES | 39,169,368 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,842,380 |
| TOTAL EQUITY | 5,842,380 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 45,011,748 |
| INCOME & EXPENSE | |
| Loan Income | 575,781 |
| Investment Income | 680,171 |
| Other Income | 121,314 |
| Total Employee Compensation & Benefits | 489,502 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 400,891 |
| Non-operating Income & (Expense) | 10,346 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,631 |
| Cost of Funds | 249,861 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 209,568 |
| ↑ Back to Top | |