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CABOT BOSTON CREDIT UNION

Jun, 30, 2021 — CABOT BOSTON CREDIT UNION is a federally insured state chartered credit union headquartered in BOSTON, MA with 1 branch location and about $7.32 million in total assets. Opened 80 years ago in 1941, CABOT BOSTON CREDIT UNION has about 802 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CABOT BOSTON CREDIT UNION
Address:
(Main Office)
TWO SEAPORT LANE, SUITE 1300
BOSTON, MA 02210
Phone:(617) 342-6154
Fax:(617) 342-6123
Website:http://www.cbcu.com
Branches:1 branch locations
Members:802
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67891
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1941
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$7,317,579
CEO/Manager:Marta A Carney
Chairperson:Brian N Hult

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,344,416
TOTAL INVESTMENTS 2,931,961
Loans Held for Sale 0
 
 Real Estate Loans 753,162
 Unsecured Loans 419,871
 Other Loans 1,833,849
 TOTAL LOANS 3,006,882
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -41,424
 Land And Building 0
 Other Fixed Assets 5
 NCUSIF Deposit 60,913
 All Other Assets 14,826
  TOTAL ASSETS 7,317,579
LIABILITIES & CAPITAL:  
 Dividends Payable 454
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 59,940
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 417,766
 Regular shares 5,172,770
 All Other Shares & Deposits 523,440
  TOTAL SHARES & DEPOSITS 6,113,976
  TOTAL LIABILITIES 6,174,370
 Regular Reserve 396,578
 Other Reserves 0
 Undivided Earnings 746,631
  TOTAL EQUITY 1,143,209
  TOTAL LIABILITIES, SHARES, & EQUITY 7,317,579
INCOME & EXPENSE  
 Loan Income 65,774
 Investment Income 20,545
 Other Income 248
 Total Employee Compensation & Benefits 83,268
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 27,969
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,814
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -7,970
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