Sep, 30, 2025 — MILLBURY FEDERAL CREDIT UNION is a federal credit union headquartered in MILLBURY, MA with 5 branch locations and about $473.20 million in total assets. Opened 92 years ago in 1934, MILLBURY FEDERAL CREDIT UNION has about 30,343 members and employs 97 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MILLBURY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 50 Main St MILLBURY, MA 01527 |
| Phone: | (508) 865-7600 |
| Fax: | (508) 865-8701 |
| Website: | https://www.millburycu.com |
| Branches: | 5 branch locations |
| Members: | 30,343 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24543 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $473,198,872 |
| CEO/Manager: | Joseph F Barbato |
| Chairperson: | E. Bernard Plante |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,232,263 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,811,550 |
| Real Estate Loans | 238,173,485 |
| Unsecured Loans | 5,661,649 |
| Other Loans | 107,372,537 |
| TOTAL LOANS | 351,207,671 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,028,856 |
| Land And Building | 3,700,448 |
| Other Fixed Assets | 2,593,012 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,831,030 |
| All Other Assets | 24,548 |
| TOTAL ASSETS | 473,198,872 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,831 |
| Notes & Interest Payable | 5,771,565 |
| Accounts Payable & Other Liabilities | 1,892,864 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 110,383,689 |
| Regular shares | 107,313,728 |
| All Other Shares & Deposits | 207,940,666 |
| TOTAL SHARES & DEPOSITS | 425,638,083 |
| TOTAL LIABILITIES | 433,416,454 |
| Regular Reserve | 0 |
| Other Reserves | -4,586,548 |
| Undivided Earnings | 44,368,966 |
| TOTAL EQUITY | 39,782,418 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 473,198,872 |
| INCOME & EXPENSE | |
| Loan Income | 12,578,568 |
| Investment Income | 3,049,967 |
| Other Income | 873,605 |
| Total Employee Compensation & Benefits | 6,782,923 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,128,541 |
| Non-operating Income & (Expense) | -22,865 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 308,220 |
| Cost of Funds | 5,168,172 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,371,409 |
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