Sep, 30, 2025 — TAUNTON FEDERAL CREDIT UNION is a federal credit union headquartered in TAUNTON, MA with 7 branch locations and about $417.94 million in total assets. Opened 79 years ago in 1947, TAUNTON FEDERAL CREDIT UNION has about 19,179 members and employs 77 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TAUNTON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 14 Church Grn TAUNTON, MA 02780 |
| Phone: | (508) 824-6466 |
| Fax: | |
| Website: | https://www.tfed.com |
| Branches: | 7 branch locations |
| Members: | 19,179 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5602 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $417,944,714 |
| CEO/Manager: | Nelson Tavares |
| Chairperson: | Russell Bradshaw |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,311,297 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 222,259,792 |
| Unsecured Loans | 2,996,143 |
| Other Loans | 67,922,181 |
| TOTAL LOANS | 293,178,116 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,740,455 |
| Land And Building | 8,653,224 |
| Other Fixed Assets | 1,450,235 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,239,663 |
| All Other Assets | 16,175 |
| TOTAL ASSETS | 417,944,714 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,936,793 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 67,652,947 |
| Regular shares | 126,731,212 |
| All Other Shares & Deposits | 170,423,152 |
| TOTAL SHARES & DEPOSITS | 364,807,309 |
| TOTAL LIABILITIES | 366,892,698 |
| Regular Reserve | 0 |
| Other Reserves | 16,494,900 |
| Undivided Earnings | 34,557,116 |
| TOTAL EQUITY | 51,052,016 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 417,944,714 |
| INCOME & EXPENSE | |
| Loan Income | 12,568,179 |
| Investment Income | 2,872,702 |
| Other Income | 1,015,889 |
| Total Employee Compensation & Benefits | 5,418,168 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,792,858 |
| Non-operating Income & (Expense) | -7,020 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 168,000 |
| Cost of Funds | 4,241,741 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,220,816 |
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