Sep, 30, 2025 — METHUEN FEDERAL CREDIT UNION is a federal credit union headquartered in METHUEN, MA with 1 branch location and about $38.74 million in total assets. Opened 70 years ago in 1956, METHUEN FEDERAL CREDIT UNION has about 2,523 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | METHUEN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 248 Broadway METHUEN, MA 01844 |
| Phone: | (978) 686-1471 |
| Fax: | (978) 686-2627 |
| Website: | https://www.methuencreditunion.com |
| Branches: | 1 branch locations |
| Members: | 2,523 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10954 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,741,404 |
| CEO/Manager: | Andrew J Moisan |
| Chairperson: | Josephine Napolitano |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,644,244 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,749,077 |
| Unsecured Loans | 1,884,819 |
| Other Loans | 3,546,395 |
| TOTAL LOANS | 17,948,448 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -53,950 |
| Land And Building | 1,158,121 |
| Other Fixed Assets | 1,795 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 333,419 |
| All Other Assets | 0 |
| TOTAL ASSETS | 38,741,404 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 49,479 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,654,271 |
| Regular shares | 17,869,435 |
| All Other Shares & Deposits | 13,169,903 |
| TOTAL SHARES & DEPOSITS | 34,693,610 |
| TOTAL LIABILITIES | 34,743,089 |
| Regular Reserve | 0 |
| Other Reserves | 530,968 |
| Undivided Earnings | 3,467,347 |
| TOTAL EQUITY | 3,998,315 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,741,404 |
| INCOME & EXPENSE | |
| Loan Income | 795,583 |
| Investment Income | 395,387 |
| Other Income | 121,971 |
| Total Employee Compensation & Benefits | 353,169 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 497,360 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -10,770 |
| Cost of Funds | 378,001 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 105,302 |
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