COMMONWEALTH UTILITIES EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://cuecu.org for more information.
Dec, 31, 2023 — COMMONWEALTH UTILITIES EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in Marion, MA with 1 branch location and about $48.15 million in total assets. Opened 98 years ago in 1926, COMMONWEALTH UTILITIES EMPLOYEES CREDIT UNION has about 1,698 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMONWEALTH UTILITIES EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 312 Wareham Rd Marion, MA 02738 |
| Phone: | (508) 748-3452 |
| Fax: | (508) 748-3456 |
| Website: | https://cuecu.org |
| Branches: | 1 branch locations |
| Members: | 1,698 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67846 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1926 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $48,154,733 |
| CEO/Manager: | Patricia Saladino |
| Chairperson: | Peter McCoy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,883,735 |
| TOTAL INVESTMENTS | 24,618,900 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,254,652 |
| Unsecured Loans | 1,465,637 |
| Other Loans | 3,448,748 |
| TOTAL LOANS | 10,169,037 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,898 |
| Land And Building | 0 |
| Other Fixed Assets | 21,054 |
| NCUSIF Deposit | 339,449 |
| All Other Assets | 190,456 |
| TOTAL ASSETS | 48,154,733 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 139,422 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,115,818 |
| Regular shares | 22,303,008 |
| All Other Shares & Deposits | 13,530,572 |
| TOTAL SHARES & DEPOSITS | 40,949,398 |
| TOTAL LIABILITIES | 41,088,820 |
| Regular Reserve | 750,000 |
| Other Reserves | 0 |
| Undivided Earnings | 6,315,913 |
| TOTAL EQUITY | 7,065,913 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 48,154,733 |
| INCOME & EXPENSE | |
| Loan Income | 131,744 |
| Investment Income | 105,668 |
| Other Income | 8,600 |
| Total Employee Compensation & Benefits | 96,499 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 108,700 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 33,262 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 30,104 |
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