Credit Unions Near Me
National Credit Union Service Organization

FIRST PRIORITY CREDIT UNION

Dec, 31, 2023 — FIRST PRIORITY CREDIT UNION is a federally insured state chartered credit union headquartered in BOSTON, MA with 2 branch locations and about $119.12 million in total assets. Opened 100 years ago in 1924, FIRST PRIORITY CREDIT UNION has about 5,727 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211080725
Name:FIRST PRIORITY CREDIT UNION
Address:
(Main Office)
25 DORCHESTER AVE
BOSTON, MA 02205
Phone:(800) 949-7628
Fax:(617) 451-2719
Website:https://www.firstprioritycu.com
Branches:2 branch locations
Members:5,727
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66593
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1924
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$119,115,641
CEO/Manager:Tony Paciulli
Chairperson:Aisha J Milbury Ellis

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 14,108,909
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 73,182,506
 Unsecured Loans 939,906
 Other Loans 13,017,061
 TOTAL LOANS 87,139,473
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -320,724
 Land And Building 5,321,943
 Other Fixed Assets 323,052
 NCUSIF Deposit 928,667
 All Other Assets 0
  TOTAL ASSETS 119,115,641
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 229,660
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 23,733,008
 Regular shares 44,425,834
 All Other Shares & Deposits 34,805,913
  TOTAL SHARES & DEPOSITS 102,964,755
  TOTAL LIABILITIES 103,196,379
 Regular Reserve 0
 Other Reserves 4,733,127
 Undivided Earnings 11,186,135
  TOTAL EQUITY 15,919,262
  TOTAL LIABILITIES, SHARES, & EQUITY 119,115,641
INCOME & EXPENSE  
 Loan Income 3,841,727
 Investment Income 898,711
 Other Income 606,499
 Total Employee Compensation & Benefits 2,661,864
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,188,168
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,506
 Cost of Funds 449,985
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 288,092
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