GLOUCESTER FIRE DEPARTMENT CREDIT UNION is no longer an active credit union according to the NCUA.
Sep, 30, 2025 — GLOUCESTER FIRE DEPARTMENT CREDIT UNION is a federally insured state chartered credit union headquartered in GLOUCESTER, MA with 1 branch location and about $662,521 in total assets. Opened 88 years ago in 1938, GLOUCESTER FIRE DEPARTMENT CREDIT UNION has about 93 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GLOUCESTER FIRE DEPARTMENT CREDIT UNION |
|---|---|
| Address: (Main Office) | FIRE HEADQUARTERS, 8 SCHOOL ST GLOUCESTER, MA 01930 |
| Phone: | (978) 281-9761 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 93 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67905 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $662,521 |
| CEO/Manager: | DeCoste M Dean |
| Chairperson: | Glen S Asaro |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 129,031 |
| TOTAL INVESTMENTS | 200,805 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 329,107 |
| Other Loans | 1,829 |
| TOTAL LOANS | 330,936 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,296 |
| Land And Building | 0 |
| Other Fixed Assets | 26 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,411 |
| All Other Assets | 608 |
| TOTAL ASSETS | 662,521 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,874 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 450,996 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 450,996 |
| TOTAL LIABILITIES | 454,870 |
| Regular Reserve | 18,200 |
| Other Reserves | 0 |
| Undivided Earnings | 189,451 |
| TOTAL EQUITY | 207,651 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 662,521 |
| INCOME & EXPENSE | |
| Loan Income | 20,186 |
| Investment Income | 1,593 |
| Other Income | 5 |
| Total Employee Compensation & Benefits | 14,532 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,771 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 745 |
| Cost of Funds | 2,298 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,562 |
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