Overview / Commentary
Central One Federal Credit Union is headquartered in Shrewsbury and is the 16th largest credit union in the state of Massachusetts. It is also the 537th largest credit union in the nation. It was established in 1952 and as of September of 2024, it had grown to 124 employees and 39,431 members at 6 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
Health
B+
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 8218 |
| Year Chartered | 1952 |
| Employees | 124 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.86% |
| Return on Equity - YTD | 9.31% |
| Annual Interest Income | $28MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $802.3MM$789.7MM |
| Loans | Q3 2024vs Q3 2023 | $639.3MM$610.2MM |
| Deposits | Q3 2024vs Q3 2023 | $665.4MM$659.2MM |
| Equity Capital | Q3 2024vs Q3 2023 | $74.1MM$66.5MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $2.8MM$2.8MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $4MM$1.6MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |