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First Priority Credit Union


Overview / Commentary
www.firstprioritycu.com
617-482-4787
25 Dorchester Ave
Boston, MA 02205

First Priority Credit Union is headquartered in BOSTON and is the 54th largest credit union in the state of Massachusetts. It is also the 1,632nd largest credit union in the nation. It was established in 1924 and as of March of 2022, it had grown to 28 employees and 6,500 members at 2 locations. First Priority Credit Union has an A+ health rating.

Field of Membership Restrictions

First Priority Credit Union is open to those who live or work in Essex or Suffolk counties as well as Avon, Braintree, Brooline, Canton, Cohasset, Dedham, Dover, Holbrook, Milton, Needham, Norwood, Quincy, Randolph, Stoughton, Wellesley, Westwood, and Weymouth cities in Norfolk County or Arlington, Bedford, Belmont, Billerica, Burlington, Cambridge, Everett, Lexington, Lincoln, Malden, Medford, Melrose, Newton, North Reading, Reading, and Somverville cities and Stoneham, Tewksbury, Wakefield, Waltham, Watertown, Weston, Winchester, Wilmington or Woburn towns in Middlesex County. Membership is also open to employees/retirees and immediate family of the USPS and US Government located in MA.
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Health
A+

Data as of Q1 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #66593
Year Chartered1924
Employees28
Primary Regulator
Profit Margin
Return on Assets - YTD-1.18%
Return on Equity - YTD-8.78%
Annual Interest Income$802.00K
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$126.8MM$122.9MM
LoansQ1 2022vs Q1 2021$83.4MM$83.1MM
DepositsQ1 2022vs Q1 2021$109.6MM$104.3MM
Equity CapitalQ1 2022vs Q1 2021$16.9MM$18.3MM
Loan Loss AllowanceQ1 2022vs Q1 2021$181.00K$191.00K
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$17.00K$65.00K
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates

Rates for First Priority Credit Union are currently being reviewed.

Locations


First Priority Credit Union Locations
Branch Office100 SWIFT STEAST BOSTON, MA 02128-1864
Branch Office25 DORCHESTER AVEBOSTON, MA 02205

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