Sep, 30, 2025 — CENTRAL ONE FEDERAL CREDIT UNION is a federal credit union headquartered in SHREWSBURY, MA with 9 branch locations and about $835.94 million in total assets. Opened 74 years ago in 1952, CENTRAL ONE FEDERAL CREDIT UNION has about 39,525 members and employs 130 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CENTRAL ONE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 714 Main St SHREWSBURY, MA 01545 |
| Phone: | (508) 842-7400 |
| Fax: | (508) 841-0591 |
| Website: | https://www.centralfcu.com |
| Branches: | 9 branch locations |
| Members: | 39,525 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8218 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $835,942,465 |
| CEO/Manager: | Devon Lyon |
| Chairperson: | Anthony C Pini |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,544,275 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 566,844,085 |
| Unsecured Loans | 23,661,654 |
| Other Loans | 79,984,662 |
| TOTAL LOANS | 670,490,401 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,061,061 |
| Land And Building | 20,028,844 |
| Other Fixed Assets | 2,347,307 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 6,321,586 |
| All Other Assets | 0 |
| TOTAL ASSETS | 835,942,465 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 59,657,032 |
| Accounts Payable & Other Liabilities | 2,636,128 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 151,865,486 |
| Regular shares | 108,456,463 |
| All Other Shares & Deposits | 432,637,186 |
| TOTAL SHARES & DEPOSITS | 692,959,135 |
| TOTAL LIABILITIES | 755,310,662 |
| Regular Reserve | 0 |
| Other Reserves | 320,549 |
| Undivided Earnings | 80,311,254 |
| TOTAL EQUITY | 80,631,803 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 835,942,465 |
| INCOME & EXPENSE | |
| Loan Income | 27,168,046 |
| Investment Income | 3,055,879 |
| Other Income | 2,877,619 |
| Total Employee Compensation & Benefits | 11,392,037 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,259,290 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 675,000 |
| Cost of Funds | 12,034,221 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,448,979 |
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