REVERE FIREFIGHTERS CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — REVERE FIREFIGHTERS CREDIT UNION is a federally insured state chartered credit union headquartered in Revere, MA with 1 branch location and about $8.03 million in total assets. Opened 67 years ago in 1957, REVERE FIREFIGHTERS CREDIT UNION has about 208 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | REVERE FIREFIGHTERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 199 Revere St Revere, MA 02151 |
| Phone: | (781) 853-0660 |
| Fax: | (781) 853-0785 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 208 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67851 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,031,765 |
| CEO/Manager: | Thomas S Todisco |
| Chairperson: | Domenic Lasala |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 430,480 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 130,518 |
| Unsecured Loans | 389,417 |
| Other Loans | 944,077 |
| TOTAL LOANS | 1,464,012 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,995 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 68,831 |
| All Other Assets | 0 |
| TOTAL ASSETS | 8,031,765 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,325 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,156,726 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 7,156,726 |
| TOTAL LIABILITIES | 7,167,051 |
| Regular Reserve | 0 |
| Other Reserves | -22,458 |
| Undivided Earnings | 887,172 |
| TOTAL EQUITY | 864,714 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,031,765 |
| INCOME & EXPENSE | |
| Loan Income | 48,976 |
| Investment Income | 77,076 |
| Other Income | 1,147 |
| Total Employee Compensation & Benefits | 51,019 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 51,813 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 52,679 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -27,104 |
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