Sep, 30, 2025 — METROWEST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in FRAMINGHAM, MA with 2 branch locations and about $139.86 million in total assets. Opened 85 years ago in 1941, METROWEST COMMUNITY FEDERAL CREDIT UNION has about 7,000 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | METROWEST COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 Concord St FRAMINGHAM, MA 01702-8306 |
| Phone: | (508) 879-5522 |
| Fax: | |
| Website: | https://www.mwcfcu.com |
| Branches: | 2 branch locations |
| Members: | 7,000 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4731 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $139,855,560 |
| CEO/Manager: | Gary Carlson |
| Chairperson: | Mike Forman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,124,737 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 49,675,650 |
| Unsecured Loans | 6,988,746 |
| Other Loans | 18,071,835 |
| TOTAL LOANS | 74,736,231 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -271,715 |
| Land And Building | 308,182 |
| Other Fixed Assets | 99,413 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,155,996 |
| All Other Assets | 0 |
| TOTAL ASSETS | 139,855,560 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,483 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -2,552,318 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,953,068 |
| Regular shares | 36,664,088 |
| All Other Shares & Deposits | 78,212,387 |
| TOTAL SHARES & DEPOSITS | 130,829,546 |
| TOTAL LIABILITIES | 128,279,711 |
| Regular Reserve | 0 |
| Other Reserves | 859,697 |
| Undivided Earnings | 10,716,152 |
| TOTAL EQUITY | 11,575,849 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 139,855,560 |
| INCOME & EXPENSE | |
| Loan Income | 2,682,005 |
| Investment Income | 1,687,521 |
| Other Income | 322,605 |
| Total Employee Compensation & Benefits | 850,876 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,428,277 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,000 |
| Cost of Funds | 2,211,684 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 314,697 |
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