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National Credit Union Service Organization

ALLCOM CREDIT UNION

Dec, 31, 2023 — ALLCOM CREDIT UNION is a federally insured state chartered credit union headquartered in WORCESTER, MA with 2 branch locations and about $78.70 million in total assets. Opened 102 years ago in 1922, ALLCOM CREDIT UNION has about 4,039 members and employs 15 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: 211387017
Name:ALLCOM CREDIT UNION
Address:
(Main Office)
36 Park Ave
WORCESTER, MA 01609
Phone:(508) 754-9980
Fax:(508) 754-7487
Website:https://www.allcomcu.org
Branches:2 branch locations
Members:4,039
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67599
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1922
Last Audited:Jul 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$78,702,922
CEO/Manager:Laura C Ybarra
Chairperson:John J Naughton

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,980,834
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 36,696,438
 Unsecured Loans 1,946,323
 Other Loans 5,338,064
 TOTAL LOANS 43,980,825
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -230,185
 Land And Building 1,849,646
 Other Fixed Assets 202,064
 NCUSIF Deposit 659,223
 All Other Assets 0
  TOTAL ASSETS 78,702,922
LIABILITIES & CAPITAL:  
 Dividends Payable 2,514
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 577,490
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,630,871
 Regular shares 28,723,835
 All Other Shares & Deposits 25,311,691
  TOTAL SHARES & DEPOSITS 66,666,397
  TOTAL LIABILITIES 67,246,401
 Regular Reserve 0
 Other Reserves 404,897
 Undivided Earnings 11,051,624
  TOTAL EQUITY 11,456,521
  TOTAL LIABILITIES, SHARES, & EQUITY 78,702,922
INCOME & EXPENSE  
 Loan Income 1,941,630
 Investment Income 861,291
 Other Income 191,310
 Total Employee Compensation & Benefits 1,148,663
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,109,498
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 21,000
 Cost of Funds 406,315
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 584,859
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