Sep, 30, 2025 — QUINCY CREDIT UNION is a federally insured state chartered credit union headquartered in QUINCY, MA with 3 branch locations and about $713.98 million in total assets. Opened 89 years ago in 1937, QUINCY CREDIT UNION has about 38,461 members and employs 82 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | QUINCY CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 Quincy Ave QUINCY, MA 02169-6714 |
| Phone: | (617) 479-5558 |
| Fax: | (617) 479-1209 |
| Website: | https://www.qcu.org |
| Branches: | 3 branch locations |
| Members: | 38,461 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67709 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | May 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $713,978,744 |
| CEO/Manager: | John Miller |
| Chairperson: | Ernest Arienti |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 62,586,361 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 388,438 |
| Real Estate Loans | 309,913,120 |
| Unsecured Loans | 28,551,307 |
| Other Loans | 104,829,946 |
| TOTAL LOANS | 443,294,373 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,054,235 |
| Land And Building | 12,656,094 |
| Other Fixed Assets | 858,367 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,858,701 |
| All Other Assets | 96,985 |
| TOTAL ASSETS | 713,978,744 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 587,833 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 115,370,360 |
| Regular shares | 230,104,011 |
| All Other Shares & Deposits | 286,831,928 |
| TOTAL SHARES & DEPOSITS | 632,306,299 |
| TOTAL LIABILITIES | 632,918,492 |
| Regular Reserve | 0 |
| Other Reserves | -21,125,795 |
| Undivided Earnings | 102,186,047 |
| TOTAL EQUITY | 81,060,252 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 713,978,744 |
| INCOME & EXPENSE | |
| Loan Income | 16,893,285 |
| Investment Income | 4,343,049 |
| Other Income | 1,027,513 |
| Total Employee Compensation & Benefits | 6,802,233 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,180,569 |
| Non-operating Income & (Expense) | 293,085 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 499,704 |
| Cost of Funds | 7,072,049 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,385,601 |
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