Dec, 31, 2023 — MEMBERS PLUS CREDIT UNION is a federally insured state chartered credit union headquartered in MEDFORD, MA with 7 branch locations and about $364.71 million in total assets. Opened 84 years ago in 1940, MEMBERS PLUS CREDIT UNION has about 13,708 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MEMBERS PLUS CREDIT UNION |
---|---|
Address: (Main Office) | 29 High St MEDFORD, MA 02155-3801 |
Phone: | (781) 905-1500 |
Fax: | (781) 306-0681 |
Website: | https://memberspluscu.org |
Branches: | 7 branch locations |
Members: | 13,708 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66706 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $364,706,131 |
CEO/Manager: | John J Murphy |
Chairperson: | Craig Pinkham |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 11,710,177 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 151,907,049 |
Unsecured Loans | 13,109,804 |
Other Loans | 27,555,093 |
TOTAL LOANS | 192,571,947 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -477,869 |
Land And Building | 6,481,674 |
Other Fixed Assets | 970,549 |
NCUSIF Deposit | 2,449,224 |
All Other Assets | 0 |
TOTAL ASSETS | 364,706,131 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 821 |
Notes & Interest Payable | 85,800,000 |
Accounts Payable & Other Liabilities | 7,499,414 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 47,769,686 |
Regular shares | 95,731,373 |
All Other Shares & Deposits | 111,085,601 |
TOTAL SHARES & DEPOSITS | 254,586,660 |
TOTAL LIABILITIES | 347,886,895 |
Regular Reserve | 0 |
Other Reserves | -12,205,133 |
Undivided Earnings | 29,024,369 |
TOTAL EQUITY | 16,819,236 |
TOTAL LIABILITIES, SHARES, & EQUITY | 364,706,131 |
INCOME & EXPENSE | |
Loan Income | 8,789,916 |
Investment Income | 3,713,133 |
Other Income | 983,325 |
Total Employee Compensation & Benefits | 4,705,372 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,170,208 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 250,000 |
Cost of Funds | 5,543,446 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -1,243,697 |
↑ Back to Top |