Overview / Commentary
Southbridge Credit Union is headquartered in Southbridge and is the 42nd largest credit union in the state of Massachusetts. It is also the 1,223rd largest credit union in the nation. It was established in 1938 and as of September of 2022, it had grown to 40 employees and 12,942 members at 5 locations. Southbridge Credit Union has an A+ health rating.
Field of Membership Restrictions
Membership is open to those who live or work in Bristol, Worcester, Hampshire, Franklin, Norfolk, Hamden and Middlesex Counties in Massachusetts.
See current membership details
Reviews (1)
Great accounts
Posted by: D.Cyr | May 29, 2014
Southbridge credit union is a great place to do your banking. they have free accounts! They also have a great loan department.
Health
A+
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66374 |
| Year Chartered | 1938 |
| Employees | 40 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.58% |
| Return on Equity - YTD | 5.38% |
| Annual Interest Income | $5.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $208.5MM$203.7MM |
| Loans | Q3 2022vs Q3 2021 | $169.6MM$151.7MM |
| Deposits | Q3 2022vs Q3 2021 | $183.5MM$175.4MM |
| Equity Capital | Q3 2022vs Q3 2021 | $22.5MM$22.9MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $811.00K$757.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $593.00K$464.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |