Dec, 31, 2023 — NORTH ADAMS M E FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH ADAMS, MA with 1 branch location and about $2.05 million in total assets. Opened 65 years ago in 1959, NORTH ADAMS M E FEDERAL CREDIT UNION has about 347 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTH ADAMS M E FEDERAL CREDIT UNION |
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Address: (Main Office) | 60 Roberts Dr Ste 112 NORTH ADAMS, MA 01247-3255 |
Phone: | (413) 662-2657 |
Fax: | (413) 662-2173 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 347 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13274 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,052,573 |
CEO/Manager: | Catherine A Corbosiero |
Chairperson: | Linda Lefebvre |
ASSETS: | $ Amount |
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Cash & Equivalents | 198,085 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 219,186 |
Other Loans | 1,143,927 |
TOTAL LOANS | 1,363,113 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,352 |
Land And Building | 0 |
Other Fixed Assets | 1,259 |
NCUSIF Deposit | 16,648 |
All Other Assets | 0 |
TOTAL ASSETS | 2,052,573 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -2,448 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,645,131 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,645,131 |
TOTAL LIABILITIES | 1,642,683 |
Regular Reserve | 0 |
Other Reserves | 66,944 |
Undivided Earnings | 342,946 |
TOTAL EQUITY | 409,890 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,052,573 |
INCOME & EXPENSE | |
Loan Income | 74,767 |
Investment Income | 11,079 |
Other Income | 2,086 |
Total Employee Compensation & Benefits | 67,190 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,004 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 1,635 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -3,897 |
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