Sep, 30, 2025 — COMMON TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in WOBURN, MA with 3 branch locations and about $86.12 million in total assets. Opened 60 years ago in 1966, COMMON TRUST FEDERAL CREDIT UNION has about 4,882 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMON TRUST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8 Cedar St WOBURN, MA 01801-7246 |
| Phone: | (781) 933-2600 |
| Fax: | (781) 933-3621 |
| Website: | https://www.commontrustfcu.org |
| Branches: | 3 branch locations |
| Members: | 4,882 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17847 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $86,124,390 |
| CEO/Manager: | James M McCorkle |
| Chairperson: | Harrison H Condon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,211,696 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,532,782 |
| Unsecured Loans | 3,202,084 |
| Other Loans | 11,091,188 |
| TOTAL LOANS | 36,826,054 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -167,786 |
| Land And Building | 0 |
| Other Fixed Assets | 54,679 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 769,328 |
| All Other Assets | 0 |
| TOTAL ASSETS | 86,124,390 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 60,184 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,668,424 |
| Regular shares | 31,721,067 |
| All Other Shares & Deposits | 38,515,236 |
| TOTAL SHARES & DEPOSITS | 79,904,727 |
| TOTAL LIABILITIES | 79,964,911 |
| Regular Reserve | 0 |
| Other Reserves | 939,132 |
| Undivided Earnings | 5,220,347 |
| TOTAL EQUITY | 6,159,479 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 86,124,390 |
| INCOME & EXPENSE | |
| Loan Income | 1,167,111 |
| Investment Income | 797,575 |
| Other Income | 52,772 |
| Total Employee Compensation & Benefits | 815,021 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 685,234 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 47,650 |
| Cost of Funds | 472,531 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 145,650 |
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