Fall River Municipal Credit Union
Overview / Commentary
Fall River Municipal Credit Union is headquartered in Fall River and is the 38th largest credit union in the state of Massachusetts. It is also the 1,043rd largest credit union in the nation. It was established in 1930 and as of December of 2019, it had grown to 41 employees and 11,823 members at 5 locations. Fall River Municipal Credit Union has an A health rating.
Field of Membership Restrictions
Fall River Municipal Credit Union of Massachusetts is open to the residents, businesses, people that maintain employment, and the registered students in these eligible counties: Massachusetts- Bristol, Plymouth, and Barnstable, Rhode Island- Bristol and Newport, as well as the direct family and/or household members of these eligible persons.
See current membership details
Health
A
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67894 |
| Year Chartered | 1930 |
| Employees | 41 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.19% |
| Return on Equity - YTD | 1.58% |
| Annual Interest Income | $6.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $211.6MM$209.3MM |
| Loans | Q4 2019vs Q4 2018 | $140.3MM$127.1MM |
| Deposits | Q4 2019vs Q4 2018 | $157.2MM$156.2MM |
| Equity Capital | Q4 2019vs Q4 2018 | $25.7MM$23.5MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $869.00K$904.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $671.00K$560.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |