Dec, 31, 2023 — M.O.S.E.S. FEDERAL CREDIT UNION is a federal credit union headquartered in BOSTON, MA with 0 branch location and about $1.80 million in total assets. Opened 44 years ago in 1980, M.O.S.E.S. FEDERAL CREDIT UNION has about 305 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | M.O.S.E.S. FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 90 N Washington St BOSTON, MA 02114-1914 |
| Phone: | (978) 276-0750 |
| Fax: | |
| Website: | https://www.moses-ma.org/moses-feder |
| Branches: | 0 branch locations |
| Members: | 305 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23627 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1980 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,803,282 |
| CEO/Manager: | Joanne Demers |
| Chairperson: | Allen Bondeson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,152,942 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 510,961 |
| Other Loans | 123,144 |
| TOTAL LOANS | 634,105 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,143 |
| Land And Building | 0 |
| Other Fixed Assets | 138 |
| NCUSIF Deposit | 17,650 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,803,282 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 652 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 24,123 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,496,899 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,496,899 |
| TOTAL LIABILITIES | 1,521,674 |
| Regular Reserve | 0 |
| Other Reserves | 59,063 |
| Undivided Earnings | 222,545 |
| TOTAL EQUITY | 281,608 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,803,282 |
| INCOME & EXPENSE | |
| Loan Income | 51,184 |
| Investment Income | 60,300 |
| Other Income | 591 |
| Total Employee Compensation & Benefits | 50,829 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 24,738 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,108 |
| Cost of Funds | 2,747 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 27,653 |
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