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 1,268th largest credit union in the nation. It was established in 1955 and as of September of 2019, it had grown to 32 employees and 4,762 members at 3 locations. Community Credit Union (MA) has an A 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
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Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67558 |
| Year Chartered | 1955 |
| Employees | 32 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.29% |
| Return on Equity - YTD | 2.69% |
| Annual Interest Income | $5.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $152.0MM$146.8MM |
| Loans | Q3 2019vs Q3 2018 | $128.1MM$118.1MM |
| Deposits | Q3 2019vs Q3 2018 | $121.2MM$119.0MM |
| Equity Capital | Q3 2019vs Q3 2018 | $16.6MM$16.1MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $340.00K$329.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $338.00K$76.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $68.00K$68.00K |
Rates
Rates for Community Credit Union (MA) are currently being reviewed.
Locations
| Community Credit Union (MA) Locations | ||
|---|---|---|
| Branch Office | 32 Central St | Peabody, MA 01960 |
| Branch Office | 1 Andrew St | Lynn, MA 01901-1101 |
| Branch Office | 377 Summer St | Somerville, MA 02144 |