Sep, 30, 2025 — UMASSFIVE COLLEGE FEDERAL CREDIT UNION is a federal credit union headquartered in HADLEY, MA with 6 branch locations and about $703.68 million in total assets. Opened 59 years ago in 1967, UMASSFIVE COLLEGE FEDERAL CREDIT UNION has about 51,515 members and employs 119 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UMASSFIVE COLLEGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 Westgate Center Dr HADLEY, MA 01035 |
| Phone: | (413) 256-5500 |
| Fax: | (413) 253-9124 |
| Website: | https://www.umassfive.coop |
| Branches: | 6 branch locations |
| Members: | 51,515 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18181 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $703,682,743 |
| CEO/Manager: | Richard R Kump |
| Chairperson: | Jacqueline Watrous |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 42,856,775 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 345,845,058 |
| Unsecured Loans | 72,652,668 |
| Other Loans | 127,765,565 |
| TOTAL LOANS | 546,300,181 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,174,541 |
| Land And Building | 3,648,162 |
| Other Fixed Assets | 2,695,761 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,790,180 |
| All Other Assets | 0 |
| TOTAL ASSETS | 703,682,743 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 23,221,725 |
| Accounts Payable & Other Liabilities | 3,096,908 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 158,688,396 |
| Regular shares | 160,984,557 |
| All Other Shares & Deposits | 303,633,706 |
| TOTAL SHARES & DEPOSITS | 623,306,660 |
| TOTAL LIABILITIES | 649,625,293 |
| Regular Reserve | 0 |
| Other Reserves | -9,686,732 |
| Undivided Earnings | 63,744,182 |
| TOTAL EQUITY | 54,057,450 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 703,682,743 |
| INCOME & EXPENSE | |
| Loan Income | 23,925,449 |
| Investment Income | 2,993,561 |
| Other Income | 2,340,916 |
| Total Employee Compensation & Benefits | 9,553,389 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,389,217 |
| Non-operating Income & (Expense) | -1,076 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,454,082 |
| Cost of Funds | 9,249,601 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,254,514 |
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