Credit Unions Near Me
National Credit Union Service Organization

WATERTOWN MUNICIPAL CREDIT UNION

Jun, 30, 2021 — WATERTOWN MUNICIPAL CREDIT UNION is a federally insured state chartered credit union headquartered in WATERTOWN, MA with 1 branch location and about $11.64 million in total assets. Opened 87 years ago in 1934, WATERTOWN MUNICIPAL CREDIT UNION has about 735 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WATERTOWN MUNICIPAL CREDIT UNION
Address:
(Main Office)
149 MAIN ST
WATERTOWN, MA 02472-4410
Phone:(617) 924-0160
Fax:(617) 924-9307
Website:http://www.watertownmcu.com
Branches:1 branch locations
Members:735
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67615
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1934
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$11,643,333
CEO/Manager:Luisa Figueiredo
Chairperson:ANTHONY FANTASIA

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,373,802
TOTAL INVESTMENTS 7,086,019
Loans Held for Sale 0
 
 Real Estate Loans 1,380,964
 Unsecured Loans 158,409
 Other Loans 542,464
 TOTAL LOANS 2,089,066
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -21,498
 Land And Building 0
 Other Fixed Assets 5,825
 NCUSIF Deposit 76,067
 All Other Assets 34,052
  TOTAL ASSETS 11,643,333
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 85,935
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 7,684,769
 All Other Shares & Deposits 583,886
  TOTAL SHARES & DEPOSITS 8,268,655
  TOTAL LIABILITIES 8,354,590
 Regular Reserve 310,220
 Other Reserves 8,893
 Undivided Earnings 2,969,630
  TOTAL EQUITY 3,288,743
  TOTAL LIABILITIES, SHARES, & EQUITY 11,643,333
INCOME & EXPENSE  
 Loan Income 36,797
 Investment Income 74,982
 Other Income 1
 Total Employee Compensation & Benefits 72,331
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 38,161
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,819
 Cost of Funds 4,224
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -13,755
↑ Back to Top

Other Credit Unions

BELMONT MUNICIPAL FEDERAL CREDIT UNION
PO BOX 56
BELMONT, MA 02478
HEALTH ALLIANCE FEDERAL CREDIT UNION
230 HIGHLAND AVE
SOMERVILLE, MA 02143-1408
CAMBRIDGE FIREFIGHTERS FEDERAL CREDIT UNION
29 Smith Pl
CAMBRIDGE, MA 02138-1007
CAMBRIDGE TEACHERS FEDERAL CREDIT UNION
20 FELTON ST
CAMBRIDGE, MA 02138
BROOKLINE MUNICIPAL CREDIT UNION
334 WASHINGTON ST
BROOKLINE, MA 02445
ARLINGTON MUNICIPAL FEDERAL CREDIT UNION
730 MASSACHUSETTS AVE.
ARLINGTON, MA 02476
SOMERVILLE SCHOOL EMPLOYEES FEDERAL CREDIT UNION
P.O. BOX 440053
SOMERVILLE, MA 02144
SOMERVILLE MUNICIPAL FEDERAL CREDIT UNION
236 HOLLAND ST
SOMERVILLE, MA 02144
CAMBRIDGE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
795 MASSACHUSETTS AVE., CITY HALL
CAMBRIDGE, MA 02139-3201
ALPHA CREDIT UNION
One Deaconess Rd
BOSTON, MA 02215