Overview / Commentary
Central One Federal Credit Union is headquartered in Shrewsbury and is the 19th largest credit union in the state of Massachusetts. It is also the 540th largest credit union in the nation. It was established in 1952 and as of December of 2022, it had grown to 109 employees and 37,247 members at 5 locations. Central One Federal Credit Union has a B+ 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
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Health
B+
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 8218 |
| Year Chartered | 1952 |
| Employees | 109 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.61% |
| Return on Equity - YTD | 7.2% |
| Annual Interest Income | $22.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $762.1MM$734.2MM |
| Loans | Q4 2022vs Q4 2021 | $574.1MM$531.9MM |
| Deposits | Q4 2022vs Q4 2021 | $656.9MM$654.7MM |
| Equity Capital | Q4 2022vs Q4 2021 | $64.5MM$57.7MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $1.6MM$1.5MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $965.00K$1.2MM |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |