Sep, 30, 2025 — MASS BAY CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTH BOSTON, MA with 4 branch locations and about $361.59 million in total assets. Opened 90 years ago in 1936, MASS BAY CREDIT UNION has about 18,222 members and employs 52 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MASS BAY CREDIT UNION |
|---|---|
| Address: (Main Office) | 147 W 4th St SOUTH BOSTON, MA 02127 |
| Phone: | (617) 269-2700 |
| Fax: | |
| Website: | https://www.massbaycu.org |
| Branches: | 4 branch locations |
| Members: | 18,222 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68137 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $361,590,986 |
| CEO/Manager: | Theresa A Dorilas |
| Chairperson: | Jeremiah P Ahern |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,765,087 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 263,234,586 |
| Unsecured Loans | 16,124,145 |
| Other Loans | 27,725,411 |
| TOTAL LOANS | 307,084,142 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -511,637 |
| Land And Building | 3,540,012 |
| Other Fixed Assets | 1,063,887 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,308,127 |
| All Other Assets | 0 |
| TOTAL ASSETS | 361,590,986 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 70,023,000 |
| Accounts Payable & Other Liabilities | 5,035,661 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 52,803,143 |
| Regular shares | 93,882,125 |
| All Other Shares & Deposits | 102,956,708 |
| TOTAL SHARES & DEPOSITS | 249,641,976 |
| TOTAL LIABILITIES | 324,700,637 |
| Regular Reserve | 0 |
| Other Reserves | -2,788,670 |
| Undivided Earnings | 39,679,019 |
| TOTAL EQUITY | 36,890,349 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 361,590,986 |
| INCOME & EXPENSE | |
| Loan Income | 11,645,205 |
| Investment Income | 1,069,494 |
| Other Income | 1,014,469 |
| Total Employee Compensation & Benefits | 4,308,183 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,470,691 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 170,000 |
| Cost of Funds | 4,996,658 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,449,539 |
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