Sep, 30, 2025 — TREMONT CREDIT UNION is a federally insured state chartered credit union headquartered in MILTON, MA with 4 branch locations and about $260.85 million in total assets. Opened 74 years ago in 1952, TREMONT CREDIT UNION has about 13,025 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: | TREMONT CREDIT UNION |
|---|---|
| Address: (Main Office) | 2 Granite Ave MILTON, MA 02186 |
| Phone: | (781) 843-5626 |
| Fax: | (781) 356-7302 |
| Website: | https://www.tremontcu.org |
| Branches: | 4 branch locations |
| Members: | 13,025 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68349 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $260,846,208 |
| CEO/Manager: | George G Hardiman |
| Chairperson: | Kevin R Mullen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,396,585 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 142,975,518 |
| Unsecured Loans | 13,157,880 |
| Other Loans | 19,095,385 |
| TOTAL LOANS | 175,228,783 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,742,343 |
| Land And Building | 0 |
| Other Fixed Assets | 711,851 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,900,987 |
| All Other Assets | 0 |
| TOTAL ASSETS | 260,846,208 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 13,893,431 |
| Accounts Payable & Other Liabilities | 1,674,149 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 38,958,832 |
| Regular shares | 86,381,175 |
| All Other Shares & Deposits | 96,524,968 |
| TOTAL SHARES & DEPOSITS | 221,864,975 |
| TOTAL LIABILITIES | 237,432,555 |
| Regular Reserve | 0 |
| Other Reserves | -3,292,105 |
| Undivided Earnings | 26,705,758 |
| TOTAL EQUITY | 23,413,653 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 260,846,208 |
| INCOME & EXPENSE | |
| Loan Income | 7,831,654 |
| Investment Income | 1,750,576 |
| Other Income | 923,072 |
| Total Employee Compensation & Benefits | 3,796,670 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,971,788 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -411,598 |
| Cost of Funds | 3,372,635 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 698,369 |
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