Dec, 31, 2023 — BOSTON FIREFIGHTERS CREDIT UNION is a federally insured state chartered credit union headquartered in DORCHESTER, MA with 1 branch location and about $424.27 million in total assets. Opened 77 years ago in 1947, BOSTON FIREFIGHTERS CREDIT UNION has about 11,482 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BOSTON FIREFIGHTERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 60 Hallet St DORCHESTER, MA 02124-5408 |
| Phone: | (617) 288-2420 |
| Fax: | (875) 220-2158 |
| Website: | https://www.bosfirecu.com |
| Branches: | 1 branch locations |
| Members: | 11,482 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67837 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $424,274,895 |
| CEO/Manager: | Richard Hayward, Jr. |
| Chairperson: | Daniel J Magoon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,076,912 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 283,443,869 |
| Unsecured Loans | 33,141,141 |
| Other Loans | 29,193,573 |
| TOTAL LOANS | 345,778,583 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,627,408 |
| Land And Building | 2,951,451 |
| Other Fixed Assets | 1,593,183 |
| NCUSIF Deposit | 2,984,669 |
| All Other Assets | 0 |
| TOTAL ASSETS | 424,274,895 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 27,748 |
| Notes & Interest Payable | 34,000,000 |
| Accounts Payable & Other Liabilities | 4,675,405 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 47,240,417 |
| Regular shares | 112,893,052 |
| All Other Shares & Deposits | 179,142,778 |
| TOTAL SHARES & DEPOSITS | 339,276,248 |
| TOTAL LIABILITIES | 377,979,401 |
| Regular Reserve | 0 |
| Other Reserves | -564,757 |
| Undivided Earnings | 46,860,251 |
| TOTAL EQUITY | 46,295,494 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 424,274,895 |
| INCOME & EXPENSE | |
| Loan Income | 16,645,948 |
| Investment Income | 1,862,650 |
| Other Income | 1,759,258 |
| Total Employee Compensation & Benefits | 5,253,684 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,137,809 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 459,000 |
| Cost of Funds | 5,820,194 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,735,144 |
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