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National Credit Union Service Organization

QUINCY CREDIT UNION

Dec, 31, 2023 — QUINCY CREDIT UNION is a federally insured state chartered credit union headquartered in QUINCY, MA with 3 branch locations and about $712.23 million in total assets. Opened 87 years ago in 1937, QUINCY CREDIT UNION has about 37,026 members and employs 79 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211385297
Name:QUINCY CREDIT UNION
Address:
(Main Office)
100 Quincy Ave
QUINCY, MA 02169-6714
Phone:(617) 479-5558
Fax:(617) 479-1209
Website:https://www.qcu.org
Branches:3 branch locations
Members:37,026
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67709
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1937
Last Audited:May 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$712,234,801
CEO/Manager:John Miller
Chairperson:Paul Keenan

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 39,316,430
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 316,230,240
 Unsecured Loans 31,663,853
 Other Loans 91,717,490
 TOTAL LOANS 439,611,583
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,291,291
 Land And Building 12,218,106
 Other Fixed Assets 987,188
 NCUSIF Deposit 6,110,292
 All Other Assets 0
  TOTAL ASSETS 712,234,801
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,890,262
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 112,179,695
 Regular shares 235,114,363
 All Other Shares & Deposits 295,432,560
  TOTAL SHARES & DEPOSITS 642,726,618
  TOTAL LIABILITIES 649,640,423
 Regular Reserve 0
 Other Reserves -32,696,870
 Undivided Earnings 95,291,248
  TOTAL EQUITY 62,594,378
  TOTAL LIABILITIES, SHARES, & EQUITY 712,234,801
INCOME & EXPENSE  
 Loan Income 18,466,089
 Investment Income 6,193,800
 Other Income 1,419,694
 Total Employee Compensation & Benefits 7,976,810
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,146,745
 Non-operating Income & (Expense) 364,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 452,585
 Cost of Funds 7,482,841
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,681,293
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