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GLOUCESTER FIRE DEPARTMENT CREDIT UNION

Mar, 31, 2021 — GLOUCESTER FIRE DEPARTMENT CREDIT UNION is a federally insured state chartered credit union headquartered in GLOUCESTER, MA with 1 branch location and about $694,406 in total assets. Opened 83 years ago in 1938, GLOUCESTER FIRE DEPARTMENT CREDIT UNION has about 99 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:GLOUCESTER FIRE DEPARTMENT CREDIT UNION
Address:
(Main Office)
FIRE HEADQUARTERS, 8 SCHOOL ST
GLOUCESTER, MA 01930
Phone:(978) 281-9761
Fax:
Website:n/a
Branches:1 branch locations
Members:99
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67905
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1938
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$694,406
CEO/Manager:DeCoste M Dean
Chairperson:Glen S Asaro

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 218,890
TOTAL INVESTMENTS 199,575
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 269,567
 Other Loans 3,156
 TOTAL LOANS 272,723
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,704
 Land And Building 0
 Other Fixed Assets 899
 NCUSIF Deposit 3,574
 All Other Assets 1,449
  TOTAL ASSETS 694,406
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,227
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 480,825
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 480,825
  TOTAL LIABILITIES 483,052
 Regular Reserve 18,200
 Other Reserves 0
 Undivided Earnings 193,154
  TOTAL EQUITY 211,354
  TOTAL LIABILITIES, SHARES, & EQUITY 694,406
INCOME & EXPENSE  
 Loan Income 7,014
 Investment Income 353
 Other Income 0
 Total Employee Compensation & Benefits 4,388
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,943
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 153
 Cost of Funds 742
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -859
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