Sep, 30, 2025 — MEMBERS PLUS CREDIT UNION is a federally insured state chartered credit union headquartered in MEDFORD, MA with 7 branch locations and about $344.56 million in total assets. Opened 86 years ago in 1940, MEMBERS PLUS CREDIT UNION has about 13,782 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERS PLUS CREDIT UNION |
|---|---|
| Address: (Main Office) | 29 High St MEDFORD, MA 02155-3801 |
| Phone: | (781) 905-1500 |
| Fax: | (781) 306-0681 |
| Website: | https://www.memberspluscu.org |
| Branches: | 7 branch locations |
| Members: | 13,782 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66706 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $344,564,369 |
| CEO/Manager: | Janis M Caines |
| Chairperson: | Craig Pinkham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 58,601,053 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 145,335,225 |
| Unsecured Loans | 13,065,816 |
| Other Loans | 18,125,442 |
| TOTAL LOANS | 176,526,483 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -612,132 |
| Land And Building | 6,112,025 |
| Other Fixed Assets | 690,406 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,299,739 |
| All Other Assets | 0 |
| TOTAL ASSETS | 344,564,369 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,581 |
| Notes & Interest Payable | 48,800,000 |
| Accounts Payable & Other Liabilities | 6,686,207 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 50,369,230 |
| Regular shares | 89,991,004 |
| All Other Shares & Deposits | 127,825,608 |
| TOTAL SHARES & DEPOSITS | 268,185,843 |
| TOTAL LIABILITIES | 323,686,087 |
| Regular Reserve | 0 |
| Other Reserves | -2,104,125 |
| Undivided Earnings | 22,982,407 |
| TOTAL EQUITY | 20,878,282 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 344,564,369 |
| INCOME & EXPENSE | |
| Loan Income | 7,396,641 |
| Investment Income | 3,173,157 |
| Other Income | 704,831 |
| Total Employee Compensation & Benefits | 3,267,429 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,909,553 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 283,842 |
| Cost of Funds | 4,741,904 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 124,823 |
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