Sep, 30, 2025 — NAVEO CREDIT UNION is a federally insured state chartered credit union headquartered in SOMERVILLE, MA with 3 branch locations and about $178.22 million in total assets. Opened 98 years ago in 1928, NAVEO CREDIT UNION has about 6,872 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NAVEO CREDIT UNION |
|---|---|
| Address: (Main Office) | 493 Somerville Ave SOMERVILLE, MA 02143 |
| Phone: | (617) 547-3144 |
| Fax: | (617) 547-3451 |
| Website: | https://www.naveo.org |
| Branches: | 3 branch locations |
| Members: | 6,872 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68046 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1928 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $178,223,673 |
| CEO/Manager: | Andrea White |
| Chairperson: | Leontina Mancini |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,099,777 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 101,031,994 |
| Unsecured Loans | 6,799,917 |
| Other Loans | 1,268,349 |
| TOTAL LOANS | 109,100,259 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -546,174 |
| Land And Building | 1,182,205 |
| Other Fixed Assets | 310,236 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,408,117 |
| All Other Assets | 0 |
| TOTAL ASSETS | 178,223,673 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 551 |
| Notes & Interest Payable | 13,571,566 |
| Accounts Payable & Other Liabilities | 1,348,078 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,868,322 |
| Regular shares | 70,721,216 |
| All Other Shares & Deposits | 46,051,876 |
| TOTAL SHARES & DEPOSITS | 152,641,418 |
| TOTAL LIABILITIES | 167,561,613 |
| Regular Reserve | 0 |
| Other Reserves | -2,036,896 |
| Undivided Earnings | 12,698,956 |
| TOTAL EQUITY | 10,662,060 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 178,223,673 |
| INCOME & EXPENSE | |
| Loan Income | 4,695,180 |
| Investment Income | 951,068 |
| Other Income | 459,464 |
| Total Employee Compensation & Benefits | 2,743,732 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,781,456 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,252 |
| Cost of Funds | 1,394,649 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 233,630 |
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