Sep, 30, 2025 — SHREWSBURY FEDERAL CREDIT UNION is a federal credit union headquartered in SHREWSBURY, MA with 1 branch location and about $232.14 million in total assets. Opened 66 years ago in 1960, SHREWSBURY FEDERAL CREDIT UNION has about 9,572 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: | SHREWSBURY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 489 BOSTON TPKE SHREWSBURY, MA 01545 |
| Phone: | (508) 845-6755 |
| Fax: | (508) 842-3835 |
| Website: | https://www.shrewsburycu.com |
| Branches: | 1 branch locations |
| Members: | 9,572 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13601 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $232,141,686 |
| CEO/Manager: | JAMES J DUPONT |
| Chairperson: | Gail Sokolowski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 37,143,606 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 75,368,883 |
| Unsecured Loans | 15,030,573 |
| Other Loans | 19,189,029 |
| TOTAL LOANS | 109,607,486 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -477,033 |
| Land And Building | 3,800,843 |
| Other Fixed Assets | 254,364 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,857,890 |
| All Other Assets | 0 |
| TOTAL ASSETS | 232,141,686 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,206,742 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 44,826,216 |
| Regular shares | 75,419,532 |
| All Other Shares & Deposits | 90,383,932 |
| TOTAL SHARES & DEPOSITS | 210,629,680 |
| TOTAL LIABILITIES | 212,886,910 |
| Regular Reserve | 0 |
| Other Reserves | 260,467 |
| Undivided Earnings | 18,994,309 |
| TOTAL EQUITY | 19,254,776 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 232,141,686 |
| INCOME & EXPENSE | |
| Loan Income | 4,362,323 |
| Investment Income | 2,491,799 |
| Other Income | 547,043 |
| Total Employee Compensation & Benefits | 1,773,079 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,129,086 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 140,149 |
| Cost of Funds | 2,273,878 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,999,326 |
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