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National Credit Union Service Organization

SPRINGFIELD STREET RAILWAY EMP. CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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