Sep, 30, 2025 — NESC FEDERAL CREDIT UNION is a federal credit union headquartered in METHUEN, MA with 4 branch locations and about $121.08 million in total assets. Opened 68 years ago in 1958, NESC FEDERAL CREDIT UNION has about 7,869 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NESC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 248 PLEASANT ST METHUEN, MA 01844 |
| Phone: | (978) 688-8800 |
| Fax: | (978) 688-8808 |
| Website: | https://www.nescfcu.org |
| Branches: | 4 branch locations |
| Members: | 7,869 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12334 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $121,077,124 |
| CEO/Manager: | Johnathan G Hildreth |
| Chairperson: | ELAINE SULLIVAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,035,312 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 64,311,724 |
| Unsecured Loans | 8,606,021 |
| Other Loans | 13,447,733 |
| TOTAL LOANS | 86,365,478 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -313,449 |
| Land And Building | 3,331,184 |
| Other Fixed Assets | 68,893 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 968,229 |
| All Other Assets | 0 |
| TOTAL ASSETS | 121,077,124 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 661,596 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,460,381 |
| Regular shares | 53,426,011 |
| All Other Shares & Deposits | 32,766,444 |
| TOTAL SHARES & DEPOSITS | 107,652,836 |
| TOTAL LIABILITIES | 108,314,432 |
| Regular Reserve | 0 |
| Other Reserves | 2,082,957 |
| Undivided Earnings | 10,679,735 |
| TOTAL EQUITY | 12,762,692 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 121,077,124 |
| INCOME & EXPENSE | |
| Loan Income | 3,649,478 |
| Investment Income | 777,449 |
| Other Income | 671,364 |
| Total Employee Compensation & Benefits | 1,833,873 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,921,686 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 85,347 |
| Cost of Funds | 825,277 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 692,362 |
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