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ARTMET FEDERAL CREDIT UNION

Jun, 30, 2021 — ARTMET FEDERAL CREDIT UNION is a federal credit union headquartered in STOUGHTON, MA with 1 branch location and about $343,075 in total assets. Opened 69 years ago in 1952, ARTMET FEDERAL CREDIT UNION has about 54 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ARTMET FEDERAL CREDIT UNION
Address:
(Main Office)
44 CAMPANELLI PARKWAY
STOUGHTON, MA 02072
Phone:(781) 893-6800
Fax:(781) 647-0143
Website:n/a
Branches:1 branch locations
Members:54
Credit Union Type:Federal Credit Union
Charter Number:7891
Membership Type:Manufacturing - Primary and Fabricated Metals
Corporate Credit Union:No
Year Opened:1952
Last Audited:Apr 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$343,075
CEO/Manager:Robin Orifice
Chairperson:Christian Houmiller

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 195,721
TOTAL INVESTMENTS 30,114
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 7,327
 Other Loans 98,953
 TOTAL LOANS 106,280
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,272
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 5,926
 All Other Assets 13,306
  TOTAL ASSETS 343,075
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 587
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 300,151
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 300,151
  TOTAL LIABILITIES 300,738
 Regular Reserve 41,000
 Other Reserves 0
 Undivided Earnings 1,337
  TOTAL EQUITY 42,337
  TOTAL LIABILITIES, SHARES, & EQUITY 343,075
INCOME & EXPENSE  
 Loan Income 2,422
 Investment Income 0
 Other Income 0
 Total Employee Compensation & Benefits 3,230
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,486
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 426
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -4,720
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