Overview / Commentary
First Priority Credit Union is headquartered in BOSTON and is the 53rd largest credit union in the state of Massachusetts. It is also the 1,575th largest credit union in the nation. It was established in 1924 and as of March of 2025, it had grown to 28 employees and 5,028 members at 2 locations. First Priority Credit Union has an A+ health rating.
Field of Membership Restrictions
First Priority Credit Union is open to those who live or work in the Massachusetts counties of Essex or Suffolk, as well as 17 cities/towns in Norfolk County, or 25 cities/towns in Middlesex County. Membership is also open to employees/retirees and immediate family of the USPS and US Government located in Masschusetts.
See current membership details
Health
A+
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66593 |
| Year Chartered | 1924 |
| Employees | 28 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 1.69% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $135.5MM$130.7MM |
| Loans | Q1 2025vs Q1 2024 | $91.5MM$87MM |
| Deposits | Q1 2025vs Q1 2024 | $118.8MM$114.1MM |
| Equity Capital | Q1 2025vs Q1 2024 | $16.9MM$16.3MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $299K$319K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $9K$77K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |