Sep, 30, 2025 — MASSACHUSETTS FAMILY CREDIT UNION is a federal credit union headquartered in LYNN, MA with 1 branch location and about $30.08 million in total assets. Opened 100 years ago in 1926, MASSACHUSETTS FAMILY CREDIT UNION has about 1,403 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MASSACHUSETTS FAMILY CREDIT UNION |
|---|---|
| Address: (Main Office) | 51 Willow St LYNN, MA 01901 |
| Phone: | (781) 592-6051 |
| Fax: | (781) 592-6162 |
| Website: | https://www.massfamilycu.com |
| Branches: | 1 branch locations |
| Members: | 1,403 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24924 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1926 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $30,083,690 |
| CEO/Manager: | Keith Crean |
| Chairperson: | richard coppinger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,509,382 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,184,280 |
| Unsecured Loans | 1,906,297 |
| Other Loans | 4,445,923 |
| TOTAL LOANS | 23,536,500 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -154,736 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 205,685 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,083,690 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 29,517 |
| Notes & Interest Payable | 2,500,000 |
| Accounts Payable & Other Liabilities | 253,467 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,425,968 |
| Regular shares | 2,461,886 |
| All Other Shares & Deposits | 18,677,284 |
| TOTAL SHARES & DEPOSITS | 22,565,138 |
| TOTAL LIABILITIES | 25,348,122 |
| Regular Reserve | 0 |
| Other Reserves | 295,000 |
| Undivided Earnings | 4,440,568 |
| TOTAL EQUITY | 4,735,568 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,083,690 |
| INCOME & EXPENSE | |
| Loan Income | 1,037,806 |
| Investment Income | 157,150 |
| Other Income | 14,076 |
| Total Employee Compensation & Benefits | 348,841 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 209,134 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,000 |
| Cost of Funds | 568,018 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 81,409 |
| ↑ Back to Top | |