Danvers Municipal Federal Credit Union:

Danvers Municipal Federal Credit Union was chartered in 1961 and its charter number is 14191. Danvers Municipal Federal Credit Union's address registered with the NCUA is DANVERS TOWN HALL, DANVERS, MA 01923. As of 10/23/06, Danvers Municipal FCU reported $6,517,374 in assets. The credit union currently has 1,357 members. It's Manager/CEO is Robert Gustafson. The credit unions website is No Web Address Provided

Danvers Municipal Federal Credit Union is a member of the Massachusetts Credit Union League.

Danvers Municipal Federal Credit Union Financial Evaluation

As of December 31, 2004
Total Assets: $6,847,270.00
Total Loans: $3,384,177.00
Net Worth Ratio: 33.01
% Share Growth: -0.65
% Loan Growth: 23.03
Loans/Assets Ratio: 49.42
Loans/Assets Ratio: 49.75
Numbers of Members: 1,394
Number of Full-time Employees: 2.5 		 
As of December 31, 2005
Total Assets: $6,816,827.00
Total Loans: $4,088,411.00
Net Worth Ratio: 34.25
% Share Growth: -2.28
% Loan Growth: 20.8
Loans/Assets Ratio: 59.97
Loans/Assets Ratio: 39.42
Numbers of Members: 1,386
Number of Full-time Employees: 2.5 		 
As of December 31, 2006
Total Assets: $6,520,091.00
Total Loans: $4,351,424.00
Net Worth Ratio: 37.05
% Share Growth: -8.5
% Loan Growth: 6.43
Loans/Assets Ratio: 66.73
Loans/Assets Ratio: 32.75
Numbers of Members: 1,314
Number of Full-time Employees: 2.5 		 
 
 
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Credit Union News:

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Michael Desmond has started saving for college, stashing away money he earns washing and waxing his parents' cars.

Full Story: http://brandonnews2.tbo.com/content/2008/feb/09/br-taking-math-lessons-into-account/?news

Tips net robbery suspects
The Patriot-News - Feb 6, 2008
A description of the alleged getaway vehicle by Members First Federal Credit Union employees after the South Hanover Twp. bank was robbed Wednesday led to the arrests of a man and woman less than an hour later, state police said.

Full Story: http://www.pennlive.com/news/patriotnews/index.ssf?/base/news/1202350215279670.xml&coll=1

Fairwinds Credit Union, based in Orlando, to add 8 branch units in $25M expansion
Orlando Sentinel - Feb 8, 2008
The credit union, which opened 7 branches in Central Florida last year, wants to open 8 more. Orlando -based Fairwinds Credit Union rolled out a $25 million expansion plan Thursday that is expected to add eight branches across Central Florida this year and extend the financial institution's footprint by more than 20 percent.

Full Story: http://www.orlandosentinel.com/business/orl-fairwinds0808feb08,0,6795099.story?track=rss

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