Credit Unions Near Me
National Credit Union Service Organization

ARRHA CREDIT UNION

Dec, 31, 2020 — ARRHA CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, MA with 2 branch locations and about $140.62 million in total assets. Opened 92 years ago in 1929, ARRHA CREDIT UNION has about 9,249 members and employs 26 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 AVENUE
SPRINGFIELD, MA 01104
Phone:(413) 732-9812
Fax:(413) 737-7635
Website:http://www.arrhacu.com
Branches:2 branch locations
Members:9,249
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$140,623,532
CEO/Manager:Michael S Ostrowski
Chairperson:Todd S Cieplinski

Call Report

  • Commercial Loans
  • Indirect Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,277,681
TOTAL INVESTMENTS 33,962,996
Loans Held for Sale 0
 
 Real Estate Loans 74,065,076
 Unsecured Loans 2,522,727
 Other Loans 14,036,207
 TOTAL LOANS 90,624,010
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -330,177
 Land And Building 2,167,156
 Other Fixed Assets 202,083
 NCUSIF Deposit 1,127,885
 All Other Assets 3,591,898
  TOTAL ASSETS 140,623,532
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 11,000,000
 Accounts Payable & Other Liabilities 290,427
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,482,733
 Regular shares 50,988,311
 All Other Shares & Deposits 47,341,017
  TOTAL SHARES & DEPOSITS 117,812,061
  TOTAL LIABILITIES 129,102,488
 Regular Reserve 1,803,567
 Other Reserves 78,967
 Undivided Earnings 9,638,510
  TOTAL EQUITY 11,521,044
  TOTAL LIABILITIES, SHARES, & EQUITY 140,623,532
INCOME & EXPENSE  
 Loan Income 3,469,308
 Investment Income 552,019
 Other Income 1,413,505
 Total Employee Compensation & Benefits 2,007,815
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,050,750
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 66,252
 Cost of Funds 1,124,790
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 185,225
↑ Back to Top

Other Credit Unions

SPRINGFIELD STREET RAILWAY EMP. CREDIT UNION
640 PAGE BLVD STE 102
SPRINGFIELD, MA 01104-3040
HOLYOKE POSTAL CREDIT UNION
650 Dwight St, P. O. Box 2442
HOLYOKE, MA 01041-2442
PREMIER SOURCE FEDERAL CREDIT UNION
232 N MAIN ST
EAST LONGMEADOW, MA 01028-1844
FRANKLIN FIRST FEDERAL CREDIT UNION
57 NEWTON STREET
GREENFIELD, MA 01301
PIONEER VALLEY FEDERAL CREDIT UNION
246 BROOKDALE DR
SPRINGFIELD, MA 01104
GREATER SPRINGFIELD CREDIT UNION
1030 WILBRAHAM RD
SPRINGFIELD, MA 01109
MASSMUTUAL FEDERAL CREDIT UNION
1295 STATE ST
SPRINGFIELD, MA 01111
ALDEN CREDIT UNION
710 GRATTAN ST
CHICOPEE, MA 01020-1255
HOLYOKE CREDIT UNION
490 WESTFIELD RD
HOLYOKE, MA 01040-1600
LUSO FEDERAL CREDIT UNION
599 East St
LUDLOW, MA 01056