Dec, 31, 2023 — WATERTOWN MUNICIPAL CREDIT UNION is a federally insured state chartered credit union headquartered in WATERTOWN, MA with 1 branch location and about $9.91 million in total assets. Opened 90 years ago in 1934, WATERTOWN MUNICIPAL CREDIT UNION has about 694 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WATERTOWN MUNICIPAL CREDIT UNION |
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Address: (Main Office) | 149 MAIN ST WATERTOWN, MA 02472-4410 |
Phone: | (617) 924-0160 |
Fax: | (617) 924-9307 |
Website: | https://www.watertownmcu.com |
Branches: | 1 branch locations |
Members: | 694 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67615 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,905,299 |
CEO/Manager: | Luisa Figueiredo |
Chairperson: | ANTHONY FANTASIA |
ASSETS: | $ Amount |
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Cash & Equivalents | 191,021 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,930,194 |
Unsecured Loans | 347,354 |
Other Loans | 1,084,635 |
TOTAL LOANS | 3,382,375 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,216 |
Land And Building | 0 |
Other Fixed Assets | 4,287 |
NCUSIF Deposit | 70,803 |
All Other Assets | 0 |
TOTAL ASSETS | 9,905,299 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 91,008 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 6,138,702 |
All Other Shares & Deposits | 338,256 |
TOTAL SHARES & DEPOSITS | 6,476,958 |
TOTAL LIABILITIES | 6,567,966 |
Regular Reserve | 0 |
Other Reserves | 319,113 |
Undivided Earnings | 3,018,220 |
TOTAL EQUITY | 3,337,333 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,905,299 |
INCOME & EXPENSE | |
Loan Income | 142,008 |
Investment Income | 161,259 |
Other Income | 69 |
Total Employee Compensation & Benefits | 175,493 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 90,379 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,815 |
Cost of Funds | 6,998 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 27,697 |
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