Overview / Commentary
Central One Federal Credit Union is headquartered in Shrewsbury and is the 15th largest credit union in the state of Massachusetts. It is also the 520th largest credit union in the nation. It was established in 1952 and as of March of 2025, it had grown to 125 employees and 38,956 members at 6 locations. Central One Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Central One Federal Credit Union is open to those who live, work, worship, attend school, volunteer, or own a business anywhere in Worcester County, as well as parts of Middlesex and Norfolk Counties. Also included are family or household members of existing members, and businesses or other legal entities located within this area.
See current membership details
Health
A
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 8218 |
| Year Chartered | 1952 |
| Employees | 125 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.59% |
| Return on Equity - YTD | 6.28% |
| Annual Interest Income | $9.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $840.8MM$814.6MM |
| Loans | Q1 2025vs Q1 2024 | $639.3MM$621.9MM |
| Deposits | Q1 2025vs Q1 2024 | $705.3MM$682.6MM |
| Equity Capital | Q1 2025vs Q1 2024 | $77.4MM$70.3MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $3MM$2.8MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $3.5MM$3.7MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |