Sep, 30, 2025 — WATERTOWN MUNICIPAL CREDIT UNION is a federally insured state chartered credit union headquartered in WATERTOWN, MA with 1 branch location and about $9.88 million in total assets. Opened 92 years ago in 1934, WATERTOWN MUNICIPAL CREDIT UNION has about 682 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WATERTOWN MUNICIPAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 149 MAIN ST WATERTOWN, MA 02472-4410 |
| Phone: | (617) 924-0160 |
| Fax: | (617) 924-9307 |
| Website: | https://www.watertownmcu.com |
| Branches: | 1 branch locations |
| Members: | 682 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67615 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,875,911 |
| CEO/Manager: | Luisa Figueiredo |
| Chairperson: | ANTHONY FANTASIA |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 793,437 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,749,896 |
| Unsecured Loans | 322,883 |
| Other Loans | 1,020,394 |
| TOTAL LOANS | 3,113,166 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,681 |
| Land And Building | 0 |
| Other Fixed Assets | 31,238 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 64,740 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,875,911 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 84,407 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,017,866 |
| All Other Shares & Deposits | 273,680 |
| TOTAL SHARES & DEPOSITS | 6,291,547 |
| TOTAL LIABILITIES | 6,375,954 |
| Regular Reserve | 0 |
| Other Reserves | 319,114 |
| Undivided Earnings | 3,180,843 |
| TOTAL EQUITY | 3,499,957 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,875,911 |
| INCOME & EXPENSE | |
| Loan Income | 120,299 |
| Investment Income | 168,800 |
| Other Income | -37 |
| Total Employee Compensation & Benefits | 116,837 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 91,763 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,181 |
| Cost of Funds | 4,906 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 80,881 |
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