Dec, 31, 2023 — DEDHAM TOWN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in DEDHAM, MA with 1 branch location and about $9.46 million in total assets. Opened 62 years ago in 1962, DEDHAM TOWN EMPLOYEES FEDERAL CREDIT UNION has about 947 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: | DEDHAM TOWN EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 202 BUSSEY ST DEDHAM, MA 02026 |
| Phone: | (781) 326-8068 |
| Fax: | (781) 326-4057 |
| Website: | https://www.dedhamcu.org |
| Branches: | 1 branch locations |
| Members: | 947 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15073 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,457,651 |
| CEO/Manager: | JANIS RILEY |
| Chairperson: | Mary Ann Clougher |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 659,230 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 767,468 |
| Other Loans | 2,132,174 |
| TOTAL LOANS | 2,899,642 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,046 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 91,972 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,457,651 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 20,553 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 85,850 |
| Regular shares | 7,109,325 |
| All Other Shares & Deposits | 1,047,245 |
| TOTAL SHARES & DEPOSITS | 8,242,421 |
| TOTAL LIABILITIES | 8,262,974 |
| Regular Reserve | 0 |
| Other Reserves | 338,163 |
| Undivided Earnings | 856,514 |
| TOTAL EQUITY | 1,194,677 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,457,651 |
| INCOME & EXPENSE | |
| Loan Income | 183,137 |
| Investment Income | 176,535 |
| Other Income | 13,547 |
| Total Employee Compensation & Benefits | 175,673 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 138,733 |
| Non-operating Income & (Expense) | 4,783 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,927 |
| Cost of Funds | 16,605 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 34,064 |
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