Dec, 31, 2023 — SPRINGFIELD STREET RAILWAY EMP. CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, MA with 1 branch location and about $1.41 million in total assets. Opened 98 years ago in 1926, SPRINGFIELD STREET RAILWAY EMP. CREDIT UNION has about 186 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SPRINGFIELD STREET RAILWAY EMP. CREDIT UNION |
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Address: (Main Office) | 640 Page Blvd Ste 102 SPRINGFIELD, MA 01104-3040 |
Phone: | (413) 781-4454 |
Fax: | (413) 732-1881 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 186 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67965 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1926 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,409,005 |
CEO/Manager: | Walter F Kocor |
Chairperson: | david m tancrati |
ASSETS: | $ Amount |
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Cash & Equivalents | 601,485 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 378,157 |
Other Loans | 48,103 |
TOTAL LOANS | 426,260 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -35,121 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 10,565 |
All Other Assets | 0 |
TOTAL ASSETS | 1,409,005 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,164 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,079,508 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,079,507 |
TOTAL LIABILITIES | 1,080,671 |
Regular Reserve | 0 |
Other Reserves | 38,229 |
Undivided Earnings | 290,105 |
TOTAL EQUITY | 328,334 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,409,005 |
INCOME & EXPENSE | |
Loan Income | 72,196 |
Investment Income | 14,508 |
Other Income | 73 |
Total Employee Compensation & Benefits | 58,799 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 20,109 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,571 |
Cost of Funds | 2,464 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -10,040 |
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