Sep, 30, 2025 — LYNN FIREMENS FEDERAL CREDIT UNION is a federal credit union headquartered in LYNN, MA with 1 branch location and about $19.32 million in total assets. Opened 91 years ago in 1935, LYNN FIREMENS FEDERAL CREDIT UNION has about 1,594 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LYNN FIREMENS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 30 Boston St Ste 9 LYNN, MA 01904 |
| Phone: | (781) 593-8354 |
| Fax: | (781) 592-6590 |
| Website: | https://www.lynnffcu.com |
| Branches: | 1 branch locations |
| Members: | 1,594 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 484 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,324,148 |
| CEO/Manager: | John M Gallagher |
| Chairperson: | Charles J Gheringhelli |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,357,163 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,615,548 |
| Unsecured Loans | 894,379 |
| Other Loans | 6,414,672 |
| TOTAL LOANS | 13,924,602 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,143 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 136,453 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,324,148 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,762 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,112,455 |
| Regular shares | 9,739,074 |
| All Other Shares & Deposits | 3,725,591 |
| TOTAL SHARES & DEPOSITS | 15,577,119 |
| TOTAL LIABILITIES | 15,587,881 |
| Regular Reserve | 0 |
| Other Reserves | 675,228 |
| Undivided Earnings | 3,061,039 |
| TOTAL EQUITY | 3,736,267 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,324,148 |
| INCOME & EXPENSE | |
| Loan Income | 463,121 |
| Investment Income | 153,906 |
| Other Income | 25,458 |
| Total Employee Compensation & Benefits | 117,344 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 179,747 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 93,568 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 251,826 |
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