Dec, 31, 2023 — ST. ANNE'S OF FALL RIVER CREDIT UNION is a federally insured state chartered credit union headquartered in FALL RIVER, MA with 11 branch locations and about $1.20 billion in total assets. Opened 88 years ago in 1936, ST. ANNE'S OF FALL RIVER CREDIT UNION has about 57,330 members and employs 156 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ST. ANNE'S OF FALL RIVER CREDIT UNION |
|---|---|
| Address: (Main Office) | 829 S Main St FALL RIVER, MA 02724 |
| Phone: | (508) 324-7300 |
| Fax: | (508) 672-0957 |
| Website: | https://www.stannes.com |
| Branches: | 11 branch locations |
| Members: | 57,330 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67605 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,199,974,670 |
| CEO/Manager: | Eileen M Danahey |
| Chairperson: | William R Bouchard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 61,776,169 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 748,150,496 |
| Unsecured Loans | 8,438,269 |
| Other Loans | 86,349,650 |
| TOTAL LOANS | 843,302,169 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,893,423 |
| Land And Building | 16,860,582 |
| Other Fixed Assets | 3,136,006 |
| NCUSIF Deposit | 9,105,473 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,199,974,670 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,465 |
| Notes & Interest Payable | 98,688,620 |
| Accounts Payable & Other Liabilities | 3,510,428 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 200,717,161 |
| Regular shares | 379,475,882 |
| All Other Shares & Deposits | 406,976,703 |
| TOTAL SHARES & DEPOSITS | 987,169,746 |
| TOTAL LIABILITIES | 1,089,480,106 |
| Regular Reserve | 0 |
| Other Reserves | -8,470,918 |
| Undivided Earnings | 118,965,482 |
| TOTAL EQUITY | 110,494,564 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,199,974,670 |
| INCOME & EXPENSE | |
| Loan Income | 29,927,667 |
| Investment Income | 6,902,526 |
| Other Income | 1,320,670 |
| Total Employee Compensation & Benefits | 13,148,124 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,627,823 |
| Non-operating Income & (Expense) | 66,936 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 292,741 |
| Cost of Funds | 10,934,541 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,024,347 |
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