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NORFOLK COMMUNITY FEDERAL CREDIT UNION

Mar, 31, 2021 — NORFOLK COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Norfolk, MA with 1 branch location and about $27.10 million in total assets. Opened 68 years ago in 1953, NORFOLK COMMUNITY FEDERAL CREDIT UNION has about 3,470 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NORFOLK COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
18 Union St Ste 104
Norfolk, MA 02056-1855
Phone:(508) 528-3360
Fax:(508) 528-7704
Website:http://www.norfolkcommunityfcu.org
Branches:1 branch locations
Members:3,470
Credit Union Type:Federal Credit Union
Charter Number:8828
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1953
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$27,095,438
CEO/Manager:Susan J Kenney
Chairperson:Charles H Stone Jr

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,014,806
TOTAL INVESTMENTS 4,368,635
Loans Held for Sale 0
 
 Real Estate Loans 5,973,119
 Unsecured Loans 5,886,078
 Other Loans 4,372,325
 TOTAL LOANS 16,231,522
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -44,813
 Land And Building 0
 Other Fixed Assets 210,857
 NCUSIF Deposit 154,171
 All Other Assets 160,260
  TOTAL ASSETS 27,095,438
LIABILITIES & CAPITAL:  
 Dividends Payable 39,895
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 673,713
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,363,011
 Regular shares 15,824,011
 All Other Shares & Deposits 4,754,535
  TOTAL SHARES & DEPOSITS 23,941,557
  TOTAL LIABILITIES 24,655,165
 Regular Reserve 401,716
 Other Reserves 0
 Undivided Earnings 2,038,557
  TOTAL EQUITY 2,440,273
  TOTAL LIABILITIES, SHARES, & EQUITY 27,095,438
INCOME & EXPENSE  
 Loan Income 185,920
 Investment Income 3,337
 Other Income 8,179
 Total Employee Compensation & Benefits 94,012
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 80,087
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 802
 Cost of Funds 29,961
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 18,679
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