Overview / Commentary
Pioneer Valley Credit Union is headquartered in Springfield and is the 49th largest credit union in the state of Massachusetts. It is also the 1,472nd largest credit union in the nation. It was established in 1923 and as of September of 2024, it had grown to 30 employees and 11,528 members at 5 locations. Pioneer Valley Credit Union has a B+ health rating.
Field of Membership Restrictions
Pioneer Valley Credit Union is open to anyone living in Connecticut, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont, by joining the Massachusetts Chapter of the American Consumer Council. Membership is also open to employees of Baystate Health, Springfield Division federal employees, and more than 25 other Select Employer Groups.
See current membership details
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Health
B+
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24443 |
| Year Chartered | 1923 |
| Employees | 30 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.35% |
| Return on Equity - YTD | 3.07% |
| Annual Interest Income | $6.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $151.9MM$158.3MM |
| Loans | Q3 2024vs Q3 2023 | $119.4MM$121.9MM |
| Deposits | Q3 2024vs Q3 2023 | $121.7MM$129.7MM |
| Equity Capital | Q3 2024vs Q3 2023 | $17.7MM$17.1MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $824K$663K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $503K$343K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |