Chelsea Employees Federal Credit Union


Overview / Commentary
617-884-3599
205 City Hall
Chelsea, MA 02150

Chelsea Employees Federal Credit Union is headquartered in Chelsea and is the 97th largest credit union in the state of Massachusetts. It is also the 3,204th largest credit union in the nation. It was established in 1935 and as of March of 2025, it had grown to 4 employees and 2,126 members at 1 location. Chelsea Employees Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership in Chelsea Employees Federal Credit Union is open to employees of the City of Chelsea (Massachusetts), the Chelsea Housing Authority, or the Chelsea Restoration Corporation.
See current membership details

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Health
C+
Additional 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. Chelsea Employees Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #851
Year Chartered1935
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD7.89%
Annual Interest Income$239K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$20.3MM$20.4MM
LoansQ1 2025vs Q1 2024$14.2MM$13.4MM
DepositsQ1 2025vs Q1 2024$18.3MM$18.8MM
Equity CapitalQ1 2025vs Q1 2024$1.7MM$1.5MM
Loan Loss AllowanceQ1 2025vs Q1 2024$26K$19K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$47K$41K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

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Locations


Chelsea Employees Federal Credit Union Locations
Branch Office500 Broadway # 205Chelsea, MA 02150-2948

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