Overview / Commentary
Energy CU (MA) is headquartered in West Roxbury and is the 59th largest credit union in the state of Massachusetts. It is also the 1,772nd largest credit union in the nation. It was established in 1931 and as of June of 2022, it had grown to 9 employees and 4,151 members at 1 location. Energy CU (MA)'s CD rates are 2X the national average, and it has an A health rating.
Field of Membership Restrictions
Energy Credit Union is open to individuals who live or work in the Massachusetts counties of Norfolk or Suffolk, or the Massachusetts communities of Bedford, Belmont, Billerica, Burlington, Lexington, Lincoln, Newton, Waltham, Watertown, Weston, or Woburn. Employees and retirees of National Grid New England also qualify for membership.
See current membership details
Health
A
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66369 |
| Year Chartered | 1931 |
| Employees | 9 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.53% |
| Return on Equity - YTD | 3.96% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $107.6MM$112.3MM |
| Loans | Q2 2022vs Q2 2021 | $78.7MM$67.0MM |
| Deposits | Q2 2022vs Q2 2021 | $90.9MM$90.7MM |
| Equity Capital | Q2 2022vs Q2 2021 | $14.7MM$15.9MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $204.00K$147.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $38.00K$552.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |