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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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 |
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