WAKEFIELD TOWN EMPLOYEES FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — WAKEFIELD TOWN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WAKEFIELD, MA with 1 branch location and about $4.47 million in total assets. Opened 57 years ago in 1967, WAKEFIELD TOWN EMPLOYEES FEDERAL CREDIT UNION has about 659 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WAKEFIELD TOWN EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | PO BOX 571 WAKEFIELD, MA 01880 |
Phone: | (781) 245-9331 |
Fax: | (781) 246-9652 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 659 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17870 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Oct 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,466,057 |
CEO/Manager: | Susan Smith |
Chairperson: | Donna Brehaut |
ASSETS: | $ Amount |
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Cash & Equivalents | 296,852 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 159,419 |
Other Loans | 1,101,264 |
TOTAL LOANS | 1,260,683 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,092 |
Land And Building | 434 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 34,785 |
All Other Assets | 0 |
TOTAL ASSETS | 4,466,057 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,042 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 99,034 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,772,640 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 3,772,640 |
TOTAL LIABILITIES | 3,872,716 |
Regular Reserve | 0 |
Other Reserves | 95,159 |
Undivided Earnings | 498,182 |
TOTAL EQUITY | 593,341 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,466,057 |
INCOME & EXPENSE | |
Loan Income | 37,850 |
Investment Income | 24,689 |
Other Income | 0 |
Total Employee Compensation & Benefits | 37,599 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,911 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 3,371 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -2,342 |
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