Credit Unions Near Me
National Credit Union Service Organization

CHELSEA EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2021 — CHELSEA EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in CHELSEA, MA with 1 branch location and about $19.63 million in total assets. Opened 86 years ago in 1935, CHELSEA EMPLOYEES FEDERAL CREDIT UNION has about 2,120 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CHELSEA EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
500 BROADWAY #205
CHELSEA, MA 02150
Phone:(617) 884-3599
Fax:(617) 889-6740
Website:http://www.chelseaefcu.org
Branches:1 branch locations
Members:2,120
Credit Union Type:Federal Credit Union
Charter Number:851
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1935
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$19,627,295
CEO/Manager:Bruce S Black
Chairperson:Patrice Montefusco

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,612,093
TOTAL INVESTMENTS 8,680,000
Loans Held for Sale 0
 
 Real Estate Loans 1,903,768
 Unsecured Loans 565,398
 Other Loans 5,310,217
 TOTAL LOANS 7,779,383
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -21,490
 Land And Building 0
 Other Fixed Assets 12,256
 NCUSIF Deposit 156,180
 All Other Assets 408,873
  TOTAL ASSETS 19,627,295
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,125
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,668,166
 Regular shares 14,764,439
 All Other Shares & Deposits 856,846
  TOTAL SHARES & DEPOSITS 18,289,451
  TOTAL LIABILITIES 18,296,576
 Regular Reserve 204,596
 Other Reserves 0
 Undivided Earnings 1,126,123
  TOTAL EQUITY 1,330,719
  TOTAL LIABILITIES, SHARES, & EQUITY 19,627,295
INCOME & EXPENSE  
 Loan Income 156,181
 Investment Income 48,366
 Other Income 7,785
 Total Employee Compensation & Benefits 147,563
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 92,312
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 12,157
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -30,893
↑ Back to Top

Other Credit Unions

REVERE FIREFIGHTERS CREDIT UNION
4 FREEMAN ST
REVERE, MA 02151
SOMERVILLE MASS FIREFIGHTERS FEDERAL CREDIT UNION
266 BROADWAY
SOMERVILLE, MA 02145
BOSTON CUSTOMS FEDERAL CREDIT UNION
10 Causeway Street, Room 436
BOSTON, MA 02222
NEW ENGLAND LEE FEDERAL CREDIT UNION
PO BOX 120226
BOSTON, MA 02112-0226
CABOT BOSTON CREDIT UNION
TWO SEAPORT LANE, SUITE 1300
BOSTON, MA 02210
HEALTH ALLIANCE FEDERAL CREDIT UNION
230 HIGHLAND AVE
SOMERVILLE, MA 02143-1408
MEDFORD MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
85 GEORGE P HASSETT DR RM 200
MEDFORD, MA 02155-3299
REVERE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
281 BROADWAY
REVERE, MA 02151
MALDEN FEDERAL CREDIT UNION
PO Box 340
MALDEN, MA 02148
600 ATLANTIC FEDERAL CREDIT UNION
600 ATLANTIC AVE
BOSTON, MA 02210