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MIDDLESEX-ESSEX POSTAL EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — MIDDLESEX-ESSEX POSTAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH READING, MA with 1 branch location and about $5.08 million in total assets. Opened 55 years ago in 1969, MIDDLESEX-ESSEX POSTAL EMPLOYEES FEDERAL CREDIT UNION has about 220 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MIDDLESEX-ESSEX POSTAL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
76 Main St
NORTH READING, MA 01889-7001
Phone:(978) 664-5938
Fax:(978) 664-0365
Website:n/a
Branches:1 branch locations
Members:220
Credit Union Type:Federal Credit Union
Charter Number:19446
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1969
Last Audited:Nov 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$5,076,396
CEO/Manager:Michele F Overton
Chairperson:Donna Gill

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 349,726
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 448,645
 Other Loans 1,667,421
 TOTAL LOANS 2,116,066
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -13,408
 Land And Building 0
 Other Fixed Assets 4,299
 NCUSIF Deposit 40,180
 All Other Assets 0
  TOTAL ASSETS 5,076,396
LIABILITIES & CAPITAL:  
 Dividends Payable 234
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,058
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,416,381
 All Other Shares & Deposits 110,000
  TOTAL SHARES & DEPOSITS 3,526,381
  TOTAL LIABILITIES 3,530,673
 Regular Reserve 0
 Other Reserves 76,104
 Undivided Earnings 1,469,619
  TOTAL EQUITY 1,545,723
  TOTAL LIABILITIES, SHARES, & EQUITY 5,076,396
INCOME & EXPENSE  
 Loan Income 123,281
 Investment Income 86,445
 Other Income 0
 Total Employee Compensation & Benefits 108,027
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 47,362
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 13,600
 Cost of Funds 3,921
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 37,050
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