Credit Unions Near Me
National Credit Union Service Organization

LYNN POLICE CREDIT UNION

Mar, 31, 2021 — LYNN POLICE CREDIT UNION is a federally insured state chartered credit union headquartered in LYNN, MA with 2 branch locations and about $12.39 million in total assets. Opened 76 years ago in 1945, LYNN POLICE CREDIT UNION has about 1,038 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LYNN POLICE CREDIT UNION
Address:
(Main Office)
300 WASHINGTON ST
LYNN, MA 01902
Phone:(781) 477-4352
Fax:(781) 593-4051
Website:n/a
Branches:2 branch locations
Members:1,038
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67840
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1945
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$12,388,435
CEO/Manager:Kevin F Coppinger
Chairperson:Michael Kelter

Call Report

  • Real Estate Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 905,462
TOTAL INVESTMENTS 7,959,468
Loans Held for Sale 0
 
 Real Estate Loans 1,215,540
 Unsecured Loans 607,560
 Other Loans 1,671,188
 TOTAL LOANS 3,494,288
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -86,926
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 81,612
 All Other Assets 34,531
  TOTAL ASSETS 12,388,435
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,517,531
 All Other Shares & Deposits 3,933,002
  TOTAL SHARES & DEPOSITS 9,450,533
  TOTAL LIABILITIES 9,450,533
 Regular Reserve 156,700
 Other Reserves 56,802
 Undivided Earnings 2,724,400
  TOTAL EQUITY 2,937,902
  TOTAL LIABILITIES, SHARES, & EQUITY 12,388,435
INCOME & EXPENSE  
 Loan Income 35,452
 Investment Income 29,595
 Other Income 0
 Total Employee Compensation & Benefits 17,783
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 19,422
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 21,229
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,613
↑ Back to Top

Other Credit Unions

LYNN TEACHERS CREDIT UNION
33 NORTH COMMON STREET
LYNN, MA 01902-4311
LYNN MUNICIPAL EMPLOYEES CREDIT UNION
3 CITY HALL SQUARE, ROOM 104
LYNN, MA 01901
REVERE FIREFIGHTERS CREDIT UNION
4 FREEMAN ST
REVERE, MA 02151
MASSACHUSETTS FAMILY CREDIT UNION
PO BOX 615
LYNN, MA 01903
MASSACHUSETTS FAMILY CREDIT UNION
PO BOX 615
LYNN, MA 01903
LYNN FIREMENS FEDERAL CREDIT UNION
30 BOSTON ST STE 9
LYNN, MA 01904
GREATER SALEM EMPLOYEES FEDERAL CREDIT UNION
10 COLONIAL RD STE 1A
SALEM, MA 01970
REVERE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
281 BROADWAY
REVERE, MA 02151
PEABODY MUNICIPAL FEDERAL CREDIT UNION
12 CHESTNUT ST
PEABODY, MA 01960
BROTHERHOOD CREDIT UNION
75 MARKET ST
LYNN, MA 01901