Dec, 31, 2023 — GOLDMARK FEDERAL CREDIT UNION is a federal credit union headquartered in ATTLEBORO, MA with 1 branch location and about $41.73 million in total assets. Opened 68 years ago in 1956, GOLDMARK FEDERAL CREDIT UNION has about 2,983 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GOLDMARK FEDERAL CREDIT UNION |
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Address: (Main Office) | 155 Pleasant St ATTLEBORO, MA 02703-2442 |
Phone: | (508) 222-3009 |
Fax: | (508) 222-7693 |
Website: | https://www.goldmarkfcu.com |
Branches: | 1 branch locations |
Members: | 2,983 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11400 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $41,730,911 |
CEO/Manager: | Penny A Brown |
Chairperson: | Raymond A Wildgoose |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,917,974 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 14,470,831 |
Unsecured Loans | 213,319 |
Other Loans | 3,366,258 |
TOTAL LOANS | 20,925,207 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,815 |
Land And Building | 188,358 |
Other Fixed Assets | 105,643 |
NCUSIF Deposit | 353,201 |
All Other Assets | 0 |
TOTAL ASSETS | 41,730,911 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -5,008 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,843,286 |
Regular shares | 10,735,189 |
All Other Shares & Deposits | 20,411,984 |
TOTAL SHARES & DEPOSITS | 36,990,459 |
TOTAL LIABILITIES | 36,985,451 |
Regular Reserve | 0 |
Other Reserves | 1,255,731 |
Undivided Earnings | 3,489,729 |
TOTAL EQUITY | 4,745,460 |
TOTAL LIABILITIES, SHARES, & EQUITY | 41,730,911 |
INCOME & EXPENSE | |
Loan Income | 801,159 |
Investment Income | 641,761 |
Other Income | 211,164 |
Total Employee Compensation & Benefits | 477,437 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 477,974 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,236 |
Cost of Funds | 463,371 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 236,325 |
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