Sep, 30, 2025 — LYNN POLICE CREDIT UNION is a federally insured state chartered credit union headquartered in LYNN, MA with 2 branch locations and about $10.53 million in total assets. Opened 81 years ago in 1945, LYNN POLICE CREDIT UNION has about 1,015 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LYNN POLICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 300 Washington St LYNN, MA 01902 |
| Phone: | (781) 477-4352 |
| Fax: | (781) 593-4051 |
| Website: | n/a |
| Branches: | 2 branch locations |
| Members: | 1,015 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67840 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1945 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,533,296 |
| CEO/Manager: | Kevin F Coppinger |
| Chairperson: | Richard Carrow |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 509,488 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,281,458 |
| Unsecured Loans | 682,053 |
| Other Loans | 2,184,016 |
| TOTAL LOANS | 4,147,527 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -157,689 |
| Land And Building | 0 |
| Other Fixed Assets | 5,912 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 69,564 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,533,296 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,559 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,939,380 |
| All Other Shares & Deposits | 3,611,064 |
| TOTAL SHARES & DEPOSITS | 7,550,444 |
| TOTAL LIABILITIES | 7,557,003 |
| Regular Reserve | 0 |
| Other Reserves | 148,502 |
| Undivided Earnings | 2,827,791 |
| TOTAL EQUITY | 2,976,293 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,533,296 |
| INCOME & EXPENSE | |
| Loan Income | 176,754 |
| Investment Income | 126,872 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 81,689 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 57,649 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 87,054 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 77,234 |
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