Sep, 30, 2025 — SOUTHBRIDGE CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTHBRIDGE, MA with 4 branch locations and about $230.90 million in total assets. Opened 88 years ago in 1938, SOUTHBRIDGE CREDIT UNION has about 11,476 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTHBRIDGE CREDIT UNION |
|---|---|
| Address: (Main Office) | 155 Main St SOUTHBRIDGE, MA 01550 |
| Phone: | (508) 764-1773 |
| Fax: | (508) 764-1777 |
| Website: | https://www.southbridgecu.com |
| Branches: | 4 branch locations |
| Members: | 11,476 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66374 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $230,899,793 |
| CEO/Manager: | Katherine R Theodoss |
| Chairperson: | Phil A Cyr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,691,050 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 142,623,242 |
| Unsecured Loans | 15,773,649 |
| Other Loans | 16,816,801 |
| TOTAL LOANS | 175,311,059 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,723,288 |
| Land And Building | 4,591,431 |
| Other Fixed Assets | 2,758,214 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,809,098 |
| All Other Assets | 0 |
| TOTAL ASSETS | 230,899,793 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,789,829 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 46,877,531 |
| Regular shares | 66,258,456 |
| All Other Shares & Deposits | 89,051,504 |
| TOTAL SHARES & DEPOSITS | 202,187,492 |
| TOTAL LIABILITIES | 206,057,321 |
| Regular Reserve | 0 |
| Other Reserves | -52,190 |
| Undivided Earnings | 24,894,662 |
| TOTAL EQUITY | 24,842,472 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 230,899,793 |
| INCOME & EXPENSE | |
| Loan Income | 6,846,393 |
| Investment Income | 1,125,565 |
| Other Income | 1,188,886 |
| Total Employee Compensation & Benefits | 2,866,144 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,596,208 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 270,455 |
| Cost of Funds | 2,306,991 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 741,368 |
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