Dec, 31, 2023 — BILLERICA MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BILLERICA, MA with 1 branch location and about $19.17 million in total assets. Opened 53 years ago in 1971, BILLERICA MUNICIPAL EMPLOYEES CREDIT UNION has about 1,229 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BILLERICA MUNICIPAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 365 Boston Rd BILLERICA, MA 01821 |
| Phone: | (978) 667-2434 |
| Fax: | (978) 670-6062 |
| Website: | https://www.billericamecu.com |
| Branches: | 1 branch locations |
| Members: | 1,229 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66336 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,170,151 |
| CEO/Manager: | Joyce M MacMillan |
| Chairperson: | Paul Morris |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 610,693 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,610,828 |
| Unsecured Loans | 489,398 |
| Other Loans | 3,224,038 |
| TOTAL LOANS | 6,324,265 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,526 |
| Land And Building | 0 |
| Other Fixed Assets | 6,578 |
| NCUSIF Deposit | 159,316 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,170,151 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 36,887 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 509,879 |
| Regular shares | 12,918,073 |
| All Other Shares & Deposits | 1,941,633 |
| TOTAL SHARES & DEPOSITS | 15,369,586 |
| TOTAL LIABILITIES | 15,406,473 |
| Regular Reserve | 0 |
| Other Reserves | 199,042 |
| Undivided Earnings | 3,564,636 |
| TOTAL EQUITY | 3,763,678 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,170,151 |
| INCOME & EXPENSE | |
| Loan Income | 235,321 |
| Investment Income | 356,831 |
| Other Income | 5,223 |
| Total Employee Compensation & Benefits | 194,602 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 111,959 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -10,000 |
| Cost of Funds | 58,365 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 243,792 |
| ↑ Back to Top | |