Sep, 30, 2025 — HARVARD FEDERAL CREDIT UNION is a federal credit union headquartered in CAMBRIDGE, MA with 7 branch locations and about $1.22 billion in total assets. Opened 87 years ago in 1939, HARVARD FEDERAL CREDIT UNION has about 58,545 members and employs 142 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HARVARD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 104 Mount Auburn St Ste 4 CAMBRIDGE, MA 02138-5019 |
| Phone: | (617) 495-4460 |
| Fax: | (617) 496-9804 |
| Website: | https://www.harvardfcu.org |
| Branches: | 7 branch locations |
| Members: | 58,545 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24959 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,218,555,497 |
| CEO/Manager: | Craig E Leonard |
| Chairperson: | Jason Luke |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 61,156,523 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,623,598 |
| Real Estate Loans | 661,472,175 |
| Unsecured Loans | 360,267,400 |
| Other Loans | 10,658,768 |
| TOTAL LOANS | 1,032,398,343 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,685,312 |
| Land And Building | 0 |
| Other Fixed Assets | 2,159,163 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 8,030,819 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,218,555,497 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,805 |
| Notes & Interest Payable | 204,601,059 |
| Accounts Payable & Other Liabilities | 25,624,394 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 192,011,896 |
| Regular shares | 262,977,710 |
| All Other Shares & Deposits | 429,781,368 |
| TOTAL SHARES & DEPOSITS | 884,770,974 |
| TOTAL LIABILITIES | 1,115,138,232 |
| Regular Reserve | 0 |
| Other Reserves | 967,431 |
| Undivided Earnings | 102,449,834 |
| TOTAL EQUITY | 103,417,265 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,218,555,497 |
| INCOME & EXPENSE | |
| Loan Income | 37,818,118 |
| Investment Income | 2,413,800 |
| Other Income | 1,922,223 |
| Total Employee Compensation & Benefits | 13,159,718 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 12,096,873 |
| Non-operating Income & (Expense) | 11,425 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,945,000 |
| Cost of Funds | 16,553,360 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,648,244 |
| ↑ Back to Top | |