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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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