Dec, 31, 2023 — LYNN FIREMENS FEDERAL CREDIT UNION is a federal credit union headquartered in LYNN, MA with 1 branch location and about $18.89 million in total assets. Opened 89 years ago in 1935, LYNN FIREMENS FEDERAL CREDIT UNION has about 1,519 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LYNN FIREMENS FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 30 Boston St Ste 9 LYNN, MA 01904 |
Phone: | (781) 593-8354 |
Fax: | (781) 592-6590 |
Website: | https://www.lynnffcu.com |
Branches: | 1 branch locations |
Members: | 1,519 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 484 |
---|---|
Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,888,916 |
CEO/Manager: | Patrick J Crowley |
Chairperson: | Charles J Gheringhelli |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 3,435,468 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,832,445 |
Unsecured Loans | 767,260 |
Other Loans | 4,835,565 |
TOTAL LOANS | 11,435,270 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,759 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 144,075 |
All Other Assets | 0 |
TOTAL ASSETS | 18,888,916 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 12,661 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,124,067 |
Regular shares | 11,629,503 |
All Other Shares & Deposits | 2,070,905 |
TOTAL SHARES & DEPOSITS | 15,824,475 |
TOTAL LIABILITIES | 15,837,136 |
Regular Reserve | 0 |
Other Reserves | 675,227 |
Undivided Earnings | 2,376,553 |
TOTAL EQUITY | 3,051,780 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,888,916 |
INCOME & EXPENSE | |
Loan Income | 482,321 |
Investment Income | 274,285 |
Other Income | 3,726 |
Total Employee Compensation & Benefits | 119,784 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 210,046 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,000 |
Cost of Funds | 33,477 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 439,916 |
↑ Back to Top |