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UMASSFIVE COLLEGE FEDERAL CREDIT UNION

Dec, 31, 2023 — UMASSFIVE COLLEGE FEDERAL CREDIT UNION is a federal credit union headquartered in HADLEY, MA with 6 branch locations and about $700.84 million in total assets. Opened 57 years ago in 1967, UMASSFIVE COLLEGE FEDERAL CREDIT UNION has about 49,136 members and employs 128 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211880271
Name:UMASSFIVE COLLEGE FEDERAL CREDIT UNION
Address:
(Main Office)
200 Westgate Center Dr
HADLEY, MA 01035
Phone:(413) 256-5500
Fax:(413) 253-9124
Website:https://www.umassfive.coop
Branches:6 branch locations
Members:49,136
Credit Union Type:Federal Credit Union
Charter Number:18181
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1967
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$700,835,592
CEO/Manager:Richard R Kump
Chairperson:Robert Harrison

Call Report

  • Credit Builder
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 23,698,822
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 310,986,398
 Unsecured Loans 69,885,395
 Other Loans 162,236,703
 TOTAL LOANS 543,108,496
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,314,503
 Land And Building 3,987,085
 Other Fixed Assets 2,497,410
 NCUSIF Deposit 5,570,373
 All Other Assets 0
  TOTAL ASSETS 700,835,592
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 57,217,710
 Accounts Payable & Other Liabilities 5,572,541
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 165,672,170
 Regular shares 169,185,781
 All Other Shares & Deposits 257,689,523
  TOTAL SHARES & DEPOSITS 592,547,474
  TOTAL LIABILITIES 655,337,725
 Regular Reserve 0
 Other Reserves -14,334,878
 Undivided Earnings 59,832,745
  TOTAL EQUITY 45,497,867
  TOTAL LIABILITIES, SHARES, & EQUITY 700,835,592
INCOME & EXPENSE  
 Loan Income 25,156,896
 Investment Income 3,022,631
 Other Income 2,521,902
 Total Employee Compensation & Benefits 10,831,429
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 11,140,264
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,128,040
 Cost of Funds 7,952,762
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,334,789
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