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LYNN TEACHERS CREDIT UNION

Mar, 31, 2021 — LYNN TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in LYNN, MA with 1 branch location and about $5.76 million in total assets. Opened 86 years ago in 1935, LYNN TEACHERS CREDIT UNION has about 719 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LYNN TEACHERS CREDIT UNION
Address:
(Main Office)
33 NORTH COMMON STREET
LYNN, MA 01902-4311
Phone:(781) 592-4936
Fax:(781) 595-5264
Website:http://www.lynnteacherscu.org
Branches:1 branch locations
Members:719
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67882
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1935
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$5,755,232
CEO/Manager:ADELE M POLIZZOTTI
Chairperson:WARREN F WHITE

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,399,740
TOTAL INVESTMENTS 2,257,366
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,057,329
 Other Loans 45,243
 TOTAL LOANS 1,102,572
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -57,112
 Land And Building 0
 Other Fixed Assets 1,122
 NCUSIF Deposit 38,649
 All Other Assets 12,895
  TOTAL ASSETS 5,755,232
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 23,948
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,903,012
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 4,903,012
  TOTAL LIABILITIES 4,926,960
 Regular Reserve 78,555
 Other Reserves 0
 Undivided Earnings 749,717
  TOTAL EQUITY 828,272
  TOTAL LIABILITIES, SHARES, & EQUITY 5,755,232
INCOME & EXPENSE  
 Loan Income 30,676
 Investment Income 5,510
 Other Income 3
 Total Employee Compensation & Benefits 23,050
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 11,819
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,794
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,244
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