Overview / Commentary
Athol Credit Union is headquartered in Athol and is the 62nd largest credit union in the state of Massachusetts. It is also the 1,941st largest credit union in the nation. It was established in 1930 and as of June of 2020, it had grown to 21 employees and 7,224 members at 2 locations. Athol Credit Union has a B+ health rating.
Field of Membership Restrictions
Athol CU is open to anyone who resides, works, or is a registered student in any of the site listed towns from the following counties; Worcester, Franklin, and Hampshire, a full and complete list can be viewed on the 'about-us' page under the 'field-of-membership' heading.
See current membership details
Health
B+
Data as of Q2 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Athol Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 66819 |
| Year Chartered | 1930 |
| Employees | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.16% |
| Return on Equity - YTD | -1.89% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $80.4MM$94.3MM |
| Loans | Q2 2020vs Q2 2019 | $65.6MM$66.6MM |
| Deposits | Q2 2020vs Q2 2019 | $61.5MM$63.9MM |
| Equity Capital | Q2 2020vs Q2 2019 | $7.1MM$7.3MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $388.00K$421.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $243.00K$364.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $246.00K$163.00K |