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National Credit Union Service Organization

WAKEFIELD TOWN EMPLOYEES FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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