COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Loan Commitments

At June 30, 2023 and 2022, the following financial instruments were outstanding whose contract amounts represent credit risk:

(In thousands)	June 30, 2023		June 30, 2022
Commitments to grant loans	$	608	$	5,551
Unadvanced funds on construction loans		-		460
Unadvanced funds on equity lines of credit		4,089		4,305
Unadvanced funds on commercial and other lines of credit		871		1,188

Schedule of Future Minimum Rental Payments for Operating Leases

The following table sets forth the undiscounted cash flows of base rent related to operating leases outstanding at June 30, 2023 with payments scheduled over the next five years and thereafter, including a reconciliation to the operating lease liability recognized in the Company's Consolidated Balance Sheet in operating lease liability.

	Years ending
(In thousands)	June 30,
2024	$	117
2025		117
2026		117
2027		119
2028		134
Thereafter		522
Total minimum lease payments	$	1,126
Less: imputed interest		(164	)
Total lease liability	$	962