Sep, 30, 2025 — CITY OF BOSTON CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTH BOSTON, MA with 6 branch locations and about $562.15 million in total assets. Opened 111 years ago in 1915, CITY OF BOSTON CREDIT UNION has about 32,060 members and employs 69 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CITY OF BOSTON CREDIT UNION |
|---|---|
| Address: (Main Office) | 455 W Broadway SOUTH BOSTON, MA 02127-2218 |
| Phone: | (617) 635-4545 |
| Fax: | |
| Website: | https://www.cityofbostoncu.com |
| Branches: | 6 branch locations |
| Members: | 32,060 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67841 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1915 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $562,147,387 |
| CEO/Manager: | Lisa A Perrin |
| Chairperson: | Cecil R Jones |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 90,730,134 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 297,457,506 |
| Unsecured Loans | 50,068,492 |
| Other Loans | 41,549,316 |
| TOTAL LOANS | 389,075,313 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,780,633 |
| Land And Building | 15,906,320 |
| Other Fixed Assets | 1,943,112 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,244,807 |
| All Other Assets | 11,975 |
| TOTAL ASSETS | 562,147,387 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,732 |
| Notes & Interest Payable | 30,000,000 |
| Accounts Payable & Other Liabilities | 7,949,499 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 76,283,930 |
| Regular shares | 177,792,808 |
| All Other Shares & Deposits | 232,058,200 |
| TOTAL SHARES & DEPOSITS | 486,134,938 |
| TOTAL LIABILITIES | 524,092,169 |
| Regular Reserve | 0 |
| Other Reserves | -6,160,576 |
| Undivided Earnings | 44,215,794 |
| TOTAL EQUITY | 38,055,218 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 562,147,387 |
| INCOME & EXPENSE | |
| Loan Income | 15,574,713 |
| Investment Income | 2,655,157 |
| Other Income | 1,017,329 |
| Total Employee Compensation & Benefits | 6,651,308 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,537,269 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,397,077 |
| Cost of Funds | 5,683,536 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,977,748 |
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