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National Credit Union Service Organization

TREMONT CREDIT UNION

Mar, 31, 2021 — TREMONT CREDIT UNION is a federally insured state chartered credit union headquartered in Boston, MA with 5 branch locations and about $247.68 million in total assets. Opened 69 years ago in 1952, TREMONT CREDIT UNION has about 15,636 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211080754
Name:TREMONT CREDIT UNION
Address:
(Main Office)
P.O. Box 220730
Boston, MA 02122
Phone:(781) 843-5626
Fax:(781) 356-7302
Website:http://www.tremontcu.org
Branches:5 branch locations
Members:15,636
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68349
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1952
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$247,675,393
CEO/Manager:George G Hardiman
Chairperson:Kevin R Mullen

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Indirect Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Individual Development Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 58,556,957
TOTAL INVESTMENTS 36,944,347
Loans Held for Sale 0
 
 Real Estate Loans 123,274,323
 Unsecured Loans 11,568,333
 Other Loans 11,744,763
 TOTAL LOANS 146,587,419
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,456,614
 Land And Building 0
 Other Fixed Assets 2,089,522
 NCUSIF Deposit 1,881,782
 All Other Assets 3,071,980
  TOTAL ASSETS 247,675,393
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,014,748
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 40,093,808
 Regular shares 99,397,668
 All Other Shares & Deposits 80,801,826
  TOTAL SHARES & DEPOSITS 220,293,302
  TOTAL LIABILITIES 222,308,050
 Regular Reserve 4,493,884
 Other Reserves -1,066,917
 Undivided Earnings 21,940,376
  TOTAL EQUITY 25,367,343
  TOTAL LIABILITIES, SHARES, & EQUITY 247,675,393
INCOME & EXPENSE  
 Loan Income 1,634,814
 Investment Income 154,162
 Other Income 337,082
 Total Employee Compensation & Benefits 1,163,994
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,081,905
 Non-operating Income & (Expense) 118,390
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,949
 Cost of Funds 262,764
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -217,702
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