Institution Profile
Address: 248 Broadway Methuen, MA 01844
(978) 686-1471
Website:
NCUA Profile:
Charter Date:
1/1/1956
Charter Type:
Federal
Branches:
1
Branches by Region
MA 1
Financial Overview
Total Assets
$38.80M
Total Deposits
$34.69M
Total Loans
$18.50M
Members
2,531
Employees
8 5 Full-time / 3 Part-time
Allowance for Loan Losses
$68,592
Performance Ratios
Net Worth Ratio
10.03%
Loan-to-Deposit Ratio
53.32%
Coverage Ratio
0.37% Allowance / Total Loans
Assets, Loans & Deposits Over Time
Assets, Loans & Deposits Over Time
Total Assets: +54.12% Total Deposits: +59.75% Total Loans: +33.22% since 2020 Q1
Member Growth
Member Growth
Members: +4.11% since 2020 Q1
Employee Growth
Employee Growth
Employees: +14.29% since 2020 Q1
Loan Originations
New loans granted per quarter (calculated from YTD figures)
Loans This Year (YTD)
139
Amount This Year (YTD)
$3.55M
Number of Loans per Quarter
Loans Granted: +8.70% since 2020 Q1
Loan Amount per Quarter
Amount Granted: +7.54% since 2020 Q1
Loan Portfolio Breakdown
Current outstanding balances by loan type
HELOCs
$7.42M 40.1%
1st Mortgages
$4.06M 22.0%
Used Vehicle
$1.78M 9.6%
Other Real Estate
$1.76M 9.5%
New Vehicle
$1.40M 7.6%
Credit Card
$1.12M 6.1%
Other Unsecured
$639,962 3.5%
Other Secured
$207,859 1.1%
Student Loans
$98,181 0.5%
Portfolio Distribution
Historical Data Table
| Quarter | Members | Total Assets | Total Deposits | Total Loans | Employees |
|---|---|---|---|---|---|
| 2025 Q4 | 2,531 | $38.80M | $34.69M | $18.50M | 8 |
| 2025 Q3 | 2,523 | $38.74M | $34.69M | $17.95M | 8 |
| 2025 Q2 | 2,503 | $38.55M | $34.57M | $17.30M | 7 |
| 2025 Q1 | 2,503 | $37.86M | $33.99M | $16.87M | 8 |
| 2024 Q4 | 2,507 | $37.19M | $33.34M | $17.19M | 7 |
| 2024 Q3 | 2,492 | $37.27M | $33.40M | $16.95M | 7 |
| 2024 Q2 | 2,473 | $37.93M | $34.05M | $16.36M | 8 |
| 2024 Q1 | 2,462 | $35.76M | $31.89M | $16.04M | 8 |
| 2023 Q4 | 2,456 | $35.50M | $31.81M | $16.17M | 8 |
| 2023 Q3 | 2,451 | $35.20M | $31.48M | $15.90M | 8 |
| 2023 Q2 | 2,438 | $35.25M | $31.30M | $15.34M | 9 |
| 2023 Q1 | 2,420 | $34.71M | $31.05M | $15.50M | 8 |
| 2022 Q4 | 2,430 | $35.87M | $32.24M | $15.58M | 8 |
| 2022 Q3 | 2,454 | $35.49M | $31.86M | $15.08M | 9 |
| 2022 Q2 | 2,445 | $37.12M | $33.46M | $14.58M | 7 |
| 2022 Q1 | 2,444 | $35.88M | $32.25M | $13.73M | 7 |
| 2021 Q4 | 2,438 | $34.82M | $31.03M | $13.30M | 7 |
| 2021 Q3 | 2,439 | $33.97M | $30.10M | $13.80M | 6 |
| 2021 Q2 | 2,460 | $32.68M | $28.86M | $14.01M | 7 |
| 2021 Q1 | 2,475 | $31.03M | $27.29M | $14.23M | 6 |
| 2020 Q4 | 2,838 | $28.68M | $25.08M | $14.90M | 8 |
| 2020 Q3 | 2,838 | $27.56M | $23.99M | $14.81M | 8 |
| 2020 Q2 | 2,431 | $27.40M | $23.86M | $13.72M | 6 |
| 2020 Q1 | 2,431 | $25.18M | $21.72M | $13.88M | 7 |
Interest Rates
Current average rates by loan type
New Vehicle
5.50%
Used Vehicle
5.75%
1st Mortgage (Fixed)
4.00%
HELOC
6.75%
Credit Card
8.50%
Other Unsecured
11.75%