Dec, 31, 2023 — SANTO CHRISTO FEDERAL CREDIT UNION is a federal credit union headquartered in FALL RIVER, MA with 1 branch location and about $16.66 million in total assets. Opened 70 years ago in 1954, SANTO CHRISTO FEDERAL CREDIT UNION has about 2,845 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: | SANTO CHRISTO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 149 Columbia St FALL RIVER, MA 02721-1360 |
| Phone: | (508) 673-9210 |
| Fax: | (508) 673-6403 |
| Website: | https://santochristocu.com |
| Branches: | 1 branch locations |
| Members: | 2,845 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9822 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $16,659,913 |
| CEO/Manager: | Margaret A Diogo |
| Chairperson: | Gregory Brilhante |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,850,677 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,618,075 |
| Unsecured Loans | 1,334,908 |
| Other Loans | 3,315,485 |
| TOTAL LOANS | 10,268,469 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,991 |
| Land And Building | 91,652 |
| Other Fixed Assets | 22,050 |
| NCUSIF Deposit | 140,127 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,659,913 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 63,733 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 28,717 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,625,858 |
| Regular shares | 12,174,011 |
| All Other Shares & Deposits | 1,507,780 |
| TOTAL SHARES & DEPOSITS | 15,307,649 |
| TOTAL LIABILITIES | 15,400,099 |
| Regular Reserve | 0 |
| Other Reserves | 266,647 |
| Undivided Earnings | 993,167 |
| TOTAL EQUITY | 1,259,814 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,659,913 |
| INCOME & EXPENSE | |
| Loan Income | 466,158 |
| Investment Income | 92,598 |
| Other Income | 66,924 |
| Total Employee Compensation & Benefits | 274,362 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 298,531 |
| Non-operating Income & (Expense) | 26,167 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,800 |
| Cost of Funds | 9,200 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 45,954 |
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