Dec, 31, 2023 — ALLCOM CREDIT UNION is a federally insured state chartered credit union headquartered in WORCESTER, MA with 2 branch locations and about $78.70 million in total assets. Opened 102 years ago in 1922, ALLCOM CREDIT UNION has about 4,039 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALLCOM CREDIT UNION |
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Address: (Main Office) | 36 Park Ave WORCESTER, MA 01609 |
Phone: | (508) 754-9980 |
Fax: | (508) 754-7487 |
Website: | https://www.allcomcu.org |
Branches: | 2 branch locations |
Members: | 4,039 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67599 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1922 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $78,702,922 |
CEO/Manager: | Laura C Ybarra |
Chairperson: | John J Naughton |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,980,834 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 36,696,438 |
Unsecured Loans | 1,946,323 |
Other Loans | 5,338,064 |
TOTAL LOANS | 43,980,825 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -230,185 |
Land And Building | 1,849,646 |
Other Fixed Assets | 202,064 |
NCUSIF Deposit | 659,223 |
All Other Assets | 0 |
TOTAL ASSETS | 78,702,922 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,514 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 577,490 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,630,871 |
Regular shares | 28,723,835 |
All Other Shares & Deposits | 25,311,691 |
TOTAL SHARES & DEPOSITS | 66,666,397 |
TOTAL LIABILITIES | 67,246,401 |
Regular Reserve | 0 |
Other Reserves | 404,897 |
Undivided Earnings | 11,051,624 |
TOTAL EQUITY | 11,456,521 |
TOTAL LIABILITIES, SHARES, & EQUITY | 78,702,922 |
INCOME & EXPENSE | |
Loan Income | 1,941,630 |
Investment Income | 861,291 |
Other Income | 191,310 |
Total Employee Compensation & Benefits | 1,148,663 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,109,498 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,000 |
Cost of Funds | 406,315 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 584,859 |
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