Overview / Commentary
City Of Boston Credit Union is headquartered in South Boston and is the 27th largest credit union in the state of Massachusetts. It is also the 695th largest credit union in the nation. It was established in 1915 and as of September of 2024, it had grown to 76 employees and 33,100 members at 7 locations. City Of Boston Credit Union has a C+ health rating.
Field of Membership Restrictions
Membership in City Of Boston Credit Union is open to those who live, work, or attend school in the Massachusetts counties of Middlesex, Norfolk, or Suffolk. Faculty, staff, registered students, and alumni of Northeastern University also qualify for membership. Employees of the City of Boston or the Commonwealth of Massachusetts are also eligible to join.
See current membership details
Health
C+
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67841 |
| Year Chartered | 1915 |
| Employees | 76 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.87% |
| Return on Equity - YTD | -13.71% |
| Annual Interest Income | $18.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $548.4MM$640.8MM |
| Loans | Q3 2024vs Q3 2023 | $431.2MM$468.8MM |
| Deposits | Q3 2024vs Q3 2023 | $474.9MM$535.7MM |
| Equity Capital | Q3 2024vs Q3 2023 | $35.5MM$30.8MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $5MM$4.7MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $5.2MM$4.1MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |