Sep, 30, 2025 — ARRHA CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, MA with 4 branch locations and about $163.20 million in total assets. Opened 97 years ago in 1929, ARRHA CREDIT UNION has about 9,851 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ARRHA CREDIT UNION |
|---|---|
| Address: (Main Office) | 145 Industry Ave SPRINGFIELD, MA 01104-3222 |
| Phone: | (413) 732-9812 |
| Fax: | (413) 737-7635 |
| Website: | https://www.arrhacu.com |
| Branches: | 4 branch locations |
| Members: | 9,851 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61189 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1929 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $163,197,118 |
| CEO/Manager: | Michael S Ostrowski |
| Chairperson: | Todd S Cieplinski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,986,055 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 115,126,073 |
| Unsecured Loans | 1,331,306 |
| Other Loans | 11,990,863 |
| TOTAL LOANS | 128,448,242 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -344,425 |
| Land And Building | 3,354,090 |
| Other Fixed Assets | 475,002 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,113,935 |
| All Other Assets | 0 |
| TOTAL ASSETS | 163,197,118 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 14,556,652 |
| Accounts Payable & Other Liabilities | 735,871 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,957,425 |
| Regular shares | 44,438,581 |
| All Other Shares & Deposits | 66,161,008 |
| TOTAL SHARES & DEPOSITS | 135,557,014 |
| TOTAL LIABILITIES | 150,869,489 |
| Regular Reserve | 0 |
| Other Reserves | -350,414 |
| Undivided Earnings | 12,678,043 |
| TOTAL EQUITY | 12,327,629 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 163,197,118 |
| INCOME & EXPENSE | |
| Loan Income | 4,397,322 |
| Investment Income | 899,843 |
| Other Income | 496,458 |
| Total Employee Compensation & Benefits | 2,074,983 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,102,976 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 83,892 |
| Cost of Funds | 2,177,773 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -308,464 |
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