SCU Credit Union is headquartered in Sharon and is the 10th largest credit union in the state of Massachusetts. It is also the 368th largest credit union in the nation. It was established in 1956 and as of June of 2024, it had grown to 155 employees and 81,651 members at 13 locations. SCU Credit Union has an A health rating.
SCU Credit Union is open to those who live, work, or go to school in Barnstable, Bristol, Duke, Middlesex, Nantucket, Norfolk, Plymouth, or Suffolk Counties and the Worcester County towns of Hopedale, Blackstone, Milford, Millville, Mendon, Northbridge, Southborough, Westborough, Upton, or Uxbridge in Massachusetts, as well as Bristol, Newport, and Providence Counties in Rhode Island. Family members of those eligible are also welcome to join.
See current membership details
Overall | |
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NCUA # | 67836 |
Year Chartered | 1956 |
Employees | 155 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.14% |
Return on Equity - YTD | 1.21% |
Annual Interest Income | $24.6MM |
Assets and Liabilities | ||
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Assets | Q2 2024vs Q2 2023 | $1.27B$1.24B |
Loans | Q2 2024vs Q2 2023 | $887.8MM$867MM |
Deposits | Q2 2024vs Q2 2023 | $1.02B$1.03B |
Equity Capital | Q2 2024vs Q2 2023 | $152.8MM$141.4MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $4.8MM$5.1MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $2.6MM$4MM |
Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
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