Dec, 31, 2023 — TEWKSBURY FEDERAL CREDIT UNION is a federal credit union headquartered in TEWKSBURY, MA with 1 branch location and about $90.92 million in total assets. Opened 64 years ago in 1960, TEWKSBURY FEDERAL CREDIT UNION has about 5,788 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEWKSBURY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 752 Main St TEWKSBURY, MA 01876 |
| Phone: | (978) 851-9750 |
| Fax: | (978) 851-8490 |
| Website: | https://www.tewksburyfcu.com |
| Branches: | 1 branch locations |
| Members: | 5,788 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13926 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $90,923,587 |
| CEO/Manager: | Maureen Montecalvo |
| Chairperson: | James Ryan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,753,246 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,928,331 |
| Unsecured Loans | 7,350,222 |
| Other Loans | 10,703,274 |
| TOTAL LOANS | 46,981,829 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -466,173 |
| Land And Building | 1,545,693 |
| Other Fixed Assets | 102,042 |
| NCUSIF Deposit | 794,606 |
| All Other Assets | 0 |
| TOTAL ASSETS | 90,923,587 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 571,857 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,092,932 |
| Regular shares | 38,637,726 |
| All Other Shares & Deposits | 25,785,454 |
| TOTAL SHARES & DEPOSITS | 81,516,113 |
| TOTAL LIABILITIES | 82,088,319 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,835,268 |
| TOTAL EQUITY | 8,835,268 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 90,923,587 |
| INCOME & EXPENSE | |
| Loan Income | 2,250,492 |
| Investment Income | 1,041,871 |
| Other Income | 241,403 |
| Total Employee Compensation & Benefits | 1,245,505 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,471,381 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 549,439 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 704,889 |
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