Overview / Commentary
Boston Firefighters Credit Union is headquartered in Dorchester and is the 29th largest credit union in the state of Massachusetts. It is also the 822nd largest credit union in the nation. It was established in 1947 and as of June of 2024, it had grown to 42 employees and 11,669 members at 2 locations. Boston Firefighters Credit Union has an A health rating.
Field of Membership Restrictions
Boston Firefighters CU is open to you and your family members if you are a current or retired employee of the Boston FD, Boston Firefighters CU, employee under Local 718 or its subsidiaries, employee/retiree of the Professional Firefighters of Massachusetts, BPD, Massachusetts State Police, and the Suffolk County Sheriff's Department.
See current membership details
Health
A
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67837 |
| Year Chartered | 1947 |
| Employees | 42 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.7% |
| Return on Equity - YTD | 6.11% |
| Annual Interest Income | $9.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $420.3MM$423.1MM |
| Loans | Q2 2024vs Q2 2023 | $340.7MM$341.7MM |
| Deposits | Q2 2024vs Q2 2023 | $355.4MM$347.8MM |
| Equity Capital | Q2 2024vs Q2 2023 | $48MM$43.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $1.6MM$1.6MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1.7MM$1.4MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |