CREDIT UNION OF THE BERKSHIRES is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.cuotb.org for more information.
Dec, 31, 2023 — CREDIT UNION OF THE BERKSHIRES is a federally insured state chartered credit union headquartered in Pittsfield, MA with 1 branch location and about $20.40 million in total assets. Opened 85 years ago in 1939, CREDIT UNION OF THE BERKSHIRES has about 1,565 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CREDIT UNION OF THE BERKSHIRES |
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Address: (Main Office) | 744 Williams St Pittsfield, MA 01201-7402 |
Phone: | (413) 443-1313 |
Fax: | (413) 442-1124 |
Website: | https://www.cuotb.org |
Branches: | 1 branch locations |
Members: | 1,565 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67758 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Jun 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,398,936 |
CEO/Manager: | Melissa M Morin |
Chairperson: | Beth Wallace |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,018,464 |
TOTAL INVESTMENTS | 10,845,000 |
Loans Held for Sale | 0 |
Real Estate Loans | 623,486 |
Unsecured Loans | 430,063 |
Other Loans | 4,236,151 |
TOTAL LOANS | 5,289,700 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -158,478 |
Land And Building | 147,538 |
Other Fixed Assets | 11,199 |
NCUSIF Deposit | 198,049 |
All Other Assets | 47,464 |
TOTAL ASSETS | 20,398,936 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 22,837 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,682,782 |
Regular shares | 4,646,899 |
All Other Shares & Deposits | 10,757,998 |
TOTAL SHARES & DEPOSITS | 18,087,679 |
TOTAL LIABILITIES | 18,110,516 |
Regular Reserve | 501,997 |
Other Reserves | 0 |
Undivided Earnings | 1,786,423 |
TOTAL EQUITY | 2,288,420 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,398,936 |
INCOME & EXPENSE | |
Loan Income | 224,466 |
Investment Income | 107,242 |
Other Income | 15,442 |
Total Employee Compensation & Benefits | 214,531 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 301,374 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,501 |
Cost of Funds | 63,811 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -211,091 |
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