Sep, 30, 2025 — SPRINGFIELD STREET RAILWAY EMP. CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, MA with 1 branch location and about $1.17 million in total assets. Opened 100 years ago in 1926, SPRINGFIELD STREET RAILWAY EMP. CREDIT UNION has about 166 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SPRINGFIELD STREET RAILWAY EMP. CREDIT UNION |
|---|---|
| Address: (Main Office) | 640 Page Blvd Ste 102 SPRINGFIELD, MA 01104-3040 |
| Phone: | (413) 781-4454 |
| Fax: | (413) 732-1881 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 166 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67965 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1926 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,172,147 |
| CEO/Manager: | Walter F Kocor |
| Chairperson: | david m tancrati |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 400,046 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 371,407 |
| Other Loans | 4,179 |
| TOTAL LOANS | 375,586 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,709 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 8,486 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,172,147 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 920 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 823,237 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 823,237 |
| TOTAL LIABILITIES | 824,157 |
| Regular Reserve | 0 |
| Other Reserves | 38,229 |
| Undivided Earnings | 309,761 |
| TOTAL EQUITY | 347,990 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,172,147 |
| INCOME & EXPENSE | |
| Loan Income | 44,027 |
| Investment Income | 18,511 |
| Other Income | 50 |
| Total Employee Compensation & Benefits | 37,876 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 19,305 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -20,179 |
| Cost of Funds | 1,324 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 24,262 |
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