Overview / Commentary
Community Credit Union (MA) is headquartered in Lynn and is the 47th largest credit union in the state of Massachusetts. It is also the 1,392nd largest credit union in the nation. It was established in 1955 and as of December of 2024, it had grown to 27 employees and 6,426 members at 3 locations. Community Credit Union (MA) has a B health rating.
Field of Membership Restrictions
Community Credit Union is open to anyone who lives, works, or worships in Essex County, or within a 25 mile radius of Lynn, MA. Immediate family, and businesses legally established and headquartered within 25 miles of Lynn are also eligible to join.
See current membership details
Health
B
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67558 |
| Year Chartered | 1955 |
| Employees | 27 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.69% |
| Return on Equity - YTD | -10.67% |
| Annual Interest Income | $8.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $169.1MM$157.4MM |
| Loans | Q4 2024vs Q4 2023 | $128.9MM$116.4MM |
| Deposits | Q4 2024vs Q4 2023 | $138.7MM$130.9MM |
| Equity Capital | Q4 2024vs Q4 2023 | $11MM$12.3MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $350K$356K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $1.4MM$1.3MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |