Sep, 30, 2025 — ROCKLAND FEDERAL CREDIT UNION is a federal credit union headquartered in ROCKLAND, MA with 9 branch locations and about $3.43 billion in total assets. Opened 41 years ago in 1985, ROCKLAND FEDERAL CREDIT UNION has about 206,717 members and employs 234 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ROCKLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 241 Union St ROCKLAND, MA 02370 |
| Phone: | (781) 878-0232 |
| Fax: | (781) 878-7870 |
| Website: | https://www.rfcu.com |
| Branches: | 9 branch locations |
| Members: | 206,717 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24224 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1985 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,432,092,815 |
| CEO/Manager: | Kristin VanBeek |
| Chairperson: | William J Shamon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 302,999,576 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,561,429,636 |
| Unsecured Loans | 19,994,906 |
| Other Loans | 1,473,562,748 |
| TOTAL LOANS | 3,054,987,290 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,729,127 |
| Land And Building | 7,861,580 |
| Other Fixed Assets | 2,051,150 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 24,151,359 |
| All Other Assets | 616,150 |
| TOTAL ASSETS | 3,432,092,815 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 60,451,077 |
| Accounts Payable & Other Liabilities | 27,911,765 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 403,011,035 |
| Regular shares | 673,742,105 |
| All Other Shares & Deposits | 1,899,288,471 |
| TOTAL SHARES & DEPOSITS | 2,976,041,611 |
| TOTAL LIABILITIES | 3,064,605,723 |
| Regular Reserve | 0 |
| Other Reserves | 75,699 |
| Undivided Earnings | 367,411,393 |
| TOTAL EQUITY | 367,487,092 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,432,092,815 |
| INCOME & EXPENSE | |
| Loan Income | 121,650,339 |
| Investment Income | 6,913,864 |
| Other Income | 1,959,553 |
| Total Employee Compensation & Benefits | 23,095,918 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 21,665,020 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,081,401 |
| Cost of Funds | 68,688,848 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,319,229 |
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