Sep, 30, 2025 — MASSMUTUAL FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGFIELD, MA with 2 branch locations and about $326.76 million in total assets. Opened 64 years ago in 1962, MASSMUTUAL FEDERAL CREDIT UNION has about 13,533 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MASSMUTUAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1295 State St SPRINGFIELD, MA 01111 |
| Phone: | (413) 744-3431 |
| Fax: | (413) 226-4359 |
| Website: | https://www.massmutualfcu.org |
| Branches: | 2 branch locations |
| Members: | 13,533 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24566 |
|---|---|
| Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $326,756,862 |
| CEO/Manager: | Lisa Asadourian |
| Chairperson: | Bethany Cowles |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,327,392 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 163,256,747 |
| Unsecured Loans | 11,882,535 |
| Other Loans | 25,941,832 |
| TOTAL LOANS | 201,081,113 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -611,205 |
| Land And Building | 0 |
| Other Fixed Assets | 115,549 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,310,064 |
| All Other Assets | 0 |
| TOTAL ASSETS | 326,756,862 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,495,905 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 41,478,385 |
| Regular shares | 48,490,982 |
| All Other Shares & Deposits | 195,163,162 |
| TOTAL SHARES & DEPOSITS | 285,132,529 |
| TOTAL LIABILITIES | 288,628,434 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 38,128,428 |
| TOTAL EQUITY | 38,128,428 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 326,756,862 |
| INCOME & EXPENSE | |
| Loan Income | 7,963,722 |
| Investment Income | 2,332,649 |
| Other Income | 111,466 |
| Total Employee Compensation & Benefits | 2,644,312 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,087,932 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 663,977 |
| Cost of Funds | 4,615,252 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 198,334 |
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