Sep, 30, 2025 — METRO CREDIT UNION is a federally insured state chartered credit union headquartered in CHELSEA, MA with 18 branch locations and about $3.23 billion in total assets. Opened 100 years ago in 1926, METRO CREDIT UNION has about 219,006 members and employs 315 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | METRO CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 Revere Beach Pkwy CHELSEA, MA 02150-1608 |
| Phone: | (877) 696-3876 |
| Fax: | (617) 889-7663 |
| Website: | https://www.metrocu.org |
| Branches: | 18 branch locations |
| Members: | 219,006 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66364 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1926 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,230,203,668 |
| CEO/Manager: | Robert M Cashman |
| Chairperson: | Mark Smoller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 61,731,947 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,052,716 |
| Real Estate Loans | 1,820,480,717 |
| Unsecured Loans | 96,188,774 |
| Other Loans | 882,919,411 |
| TOTAL LOANS | 2,799,588,903 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,914,028 |
| Land And Building | 29,376,674 |
| Other Fixed Assets | 4,625,689 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 22,792,675 |
| All Other Assets | 506,676 |
| TOTAL ASSETS | 3,230,203,668 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,824,297 |
| Notes & Interest Payable | 286,829,476 |
| Accounts Payable & Other Liabilities | 29,758,015 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 323,848,202 |
| Regular shares | 521,786,013 |
| All Other Shares & Deposits | 1,777,036,007 |
| TOTAL SHARES & DEPOSITS | 2,622,670,221 |
| TOTAL LIABILITIES | 2,941,809,562 |
| Regular Reserve | 0 |
| Other Reserves | 8,296,490 |
| Undivided Earnings | 280,097,616 |
| TOTAL EQUITY | 288,394,106 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,230,203,668 |
| INCOME & EXPENSE | |
| Loan Income | 100,242,450 |
| Investment Income | 9,468,695 |
| Other Income | 7,813,941 |
| Total Employee Compensation & Benefits | 26,060,229 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 28,619,987 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,757,675 |
| Cost of Funds | 62,357,842 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,105,959 |
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