Sep, 30, 2025 — COMMUNITY CREDIT UNION OF LYNN is a federally insured state chartered credit union headquartered in LYNN, MA with 3 branch locations and about $183.77 million in total assets. Opened 71 years ago in 1955, COMMUNITY CREDIT UNION OF LYNN has about 6,490 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY CREDIT UNION OF LYNN |
|---|---|
| Address: (Main Office) | 1 Andrew St LYNN, MA 01901-1101 |
| Phone: | (781) 598-0820 |
| Fax: | (781) 593-3190 |
| Website: | https://www.myccu.org |
| Branches: | 3 branch locations |
| Members: | 6,490 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67558 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $183,771,303 |
| CEO/Manager: | Nicholas D Sarantopoulos |
| Chairperson: | Peter Katsos |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,202,070 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 118,076,142 |
| Unsecured Loans | 17,242,955 |
| Other Loans | 7,473,660 |
| TOTAL LOANS | 142,792,757 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -378,973 |
| Land And Building | 2,690,730 |
| Other Fixed Assets | 279,599 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,203,061 |
| All Other Assets | 0 |
| TOTAL ASSETS | 183,771,303 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 14,000,000 |
| Accounts Payable & Other Liabilities | 3,299,229 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 38,184,695 |
| Regular shares | 22,212,659 |
| All Other Shares & Deposits | 94,982,836 |
| TOTAL SHARES & DEPOSITS | 155,380,191 |
| TOTAL LIABILITIES | 172,679,420 |
| Regular Reserve | 0 |
| Other Reserves | 782,660 |
| Undivided Earnings | 10,309,223 |
| TOTAL EQUITY | 11,091,883 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 183,771,303 |
| INCOME & EXPENSE | |
| Loan Income | 6,071,079 |
| Investment Income | 886,837 |
| Other Income | 702,320 |
| Total Employee Compensation & Benefits | 2,391,958 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,978,788 |
| Non-operating Income & (Expense) | -6,168 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 260,000 |
| Cost of Funds | 3,057,252 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -867,032 |
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