Dec, 31, 2023 — CABOT BOSTON CREDIT UNION is a federally insured state chartered credit union headquartered in BOSTON, MA with 1 branch location and about $6.02 million in total assets. Opened 83 years ago in 1941, CABOT BOSTON CREDIT UNION has about 711 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CABOT BOSTON CREDIT UNION |
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Address: (Main Office) | 2 Seaport Ln Ste 1400 BOSTON, MA 02210-2001 |
Phone: | (617) 342-6154 |
Fax: | (617) 342-6123 |
Website: | https://www.cbcu.com |
Branches: | 1 branch locations |
Members: | 711 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67891 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,024,756 |
CEO/Manager: | Marta A Carney |
Chairperson: | Philip h Doiron |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,127,179 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,058,374 |
Unsecured Loans | 407,588 |
Other Loans | 2,012,296 |
TOTAL LOANS | 3,478,258 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,690 |
Land And Building | 0 |
Other Fixed Assets | 370 |
NCUSIF Deposit | 56,541 |
All Other Assets | 0 |
TOTAL ASSETS | 6,024,756 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 316 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 106,018 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 467,983 |
Regular shares | 4,055,891 |
All Other Shares & Deposits | 357,214 |
TOTAL SHARES & DEPOSITS | 4,881,088 |
TOTAL LIABILITIES | 4,987,422 |
Regular Reserve | 0 |
Other Reserves | 396,578 |
Undivided Earnings | 640,756 |
TOTAL EQUITY | 1,037,334 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,024,756 |
INCOME & EXPENSE | |
Loan Income | 158,160 |
Investment Income | 75,333 |
Other Income | 1,147 |
Total Employee Compensation & Benefits | 219,010 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 61,830 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 3,871 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -47,396 |
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» See also Statement of Financial Condition