Sep, 30, 2025 — SHARON & CRESCENT UNITED CREDIT UNION is a federally insured state chartered credit union headquartered in SHARON, MA with 11 branch locations and about $1.39 billion in total assets. Opened 70 years ago in 1956, SHARON & CRESCENT UNITED CREDIT UNION has about 73,213 members and employs 155 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SHARON & CRESCENT UNITED CREDIT UNION |
|---|---|
| Address: (Main Office) | 30 Pond St SHARON, MA 02067-2040 |
| Phone: | (781) 784-7725 |
| Fax: | |
| Website: | https://www.scucu.com |
| Branches: | 11 branch locations |
| Members: | 73,213 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67836 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,385,502,043 |
| CEO/Manager: | Glenn Parsons |
| Chairperson: | Howard Spiller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 73,045,735 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 808,798,984 |
| Unsecured Loans | 18,478,938 |
| Other Loans | 103,176,524 |
| TOTAL LOANS | 930,482,692 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,603,426 |
| Land And Building | 10,366,761 |
| Other Fixed Assets | 1,396,405 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 8,921,702 |
| All Other Assets | 107,468 |
| TOTAL ASSETS | 1,385,502,043 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 145,983,002 |
| Accounts Payable & Other Liabilities | 12,514,868 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 229,755,739 |
| Regular shares | 324,769,506 |
| All Other Shares & Deposits | 501,593,809 |
| TOTAL SHARES & DEPOSITS | 1,056,119,056 |
| TOTAL LIABILITIES | 1,214,707,202 |
| Regular Reserve | 0 |
| Other Reserves | 61,759,264 |
| Undivided Earnings | 109,035,577 |
| TOTAL EQUITY | 170,794,841 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,385,502,043 |
| INCOME & EXPENSE | |
| Loan Income | 32,681,843 |
| Investment Income | 11,000,386 |
| Other Income | 1,392,226 |
| Total Employee Compensation & Benefits | 12,595,339 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 10,426,673 |
| Non-operating Income & (Expense) | -132,418 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 520,891 |
| Cost of Funds | 16,608,485 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,292,638 |
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