Credit Unions Near Me
National Credit Union Service Organization

NEW ENGLAND LEE FEDERAL CREDIT UNION

Dec, 31, 2023 — NEW ENGLAND LEE FEDERAL CREDIT UNION is a federal credit union headquartered in BOSTON, MA with 0 branch location and about $2.76 million in total assets. Opened 60 years ago in 1964, NEW ENGLAND LEE FEDERAL CREDIT UNION has about 258 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NEW ENGLAND LEE FEDERAL CREDIT UNION
Address:
(Main Office)
72 Kneeland St
BOSTON, MA 02111
Phone:(617) 482-0900
Fax:(617) 482-0900
Website:n/a
Branches:0 branch locations
Members:258
Credit Union Type:Federal Credit Union
Charter Number:16383
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1964
Last Audited:Dec 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$2,760,615
CEO/Manager:Richard Lee
Chairperson:Albert Li

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,037,092
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 511,934
 Unsecured Loans 44,394
 Other Loans 23,633
 TOTAL LOANS 579,961
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,200
 Land And Building 0
 Other Fixed Assets 715
 NCUSIF Deposit 13,251
 All Other Assets 0
  TOTAL ASSETS 2,760,615
LIABILITIES & CAPITAL:  
 Dividends Payable 1,275
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,565
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 660,506
 All Other Shares & Deposits 627,109
  TOTAL SHARES & DEPOSITS 1,287,615
  TOTAL LIABILITIES 1,293,455
 Regular Reserve 0
 Other Reserves 508,713
 Undivided Earnings 958,447
  TOTAL EQUITY 1,467,160
  TOTAL LIABILITIES, SHARES, & EQUITY 2,760,615
INCOME & EXPENSE  
 Loan Income 23,705
 Investment Income 38,458
 Other Income 2
 Total Employee Compensation & Benefits 11,376
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 33,801
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -12,000
 Cost of Funds 7,373
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 21,615
↑ Back to Top

Other Credit Unions

M.O.S.E.S. FEDERAL CREDIT UNION
90 N Washington St
BOSTON, MA 02114-1914
SYMPHONY FEDERAL CREDIT UNION
301 Massachusetts Ave
BOSTON, MA 02115
BOSTON CUSTOMS FEDERAL CREDIT UNION
10 Causeway St Rm 436
BOSTON, MA 02222-1051
CABOT BOSTON CREDIT UNION
2 Seaport Ln Ste 1400
BOSTON, MA 02210-2001
HEALTH ALLIANCE FEDERAL CREDIT UNION
230 Highland Ave
SOMERVILLE, MA 02143-1408
SOMERVILLE MASS FIREFIGHTERS FEDERAL CREDIT UNION
266 broadway
SOMERVILLE, MA 02145
600 ATLANTIC FEDERAL CREDIT UNION
600 Atlantic Ave
BOSTON, MA 02210
TAUPA LITHUANIAN FEDERAL CREDIT UNION
368 W Broadway
SOUTH BOSTON, MA 02127-2272
ALPHA CREDIT UNION
1 Deaconess Rd
BOSTON, MA 02215
CAMBRIDGE MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
795 Massachusetts Ave
CAMBRIDGE, MA 02139-3201