UMassFive College Federal Credit Union
Overview / Commentary
UMassFive College Federal Credit Union is headquartered in Hadley and is the 22nd largest credit union in the state of Massachusetts. It is also the 598th largest credit union in the nation. It was established in 1967 and as of June of 2024, it had grown to 129 employees and 50,219 members at 6 locations. UMassFive College Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to employees and students of the University of Massachusetts system, Amherst College, Hampshire College, Mount Holyoke College, and Smith College and select employee groups.
See current membership details
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Health
B
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 18181 |
| Year Chartered | 1967 |
| Employees | 129 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.17% |
| Return on Equity - YTD | 2.7% |
| Annual Interest Income | $16.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $700.5MM$665.6MM |
| Loans | Q2 2024vs Q2 2023 | $544.7MM$505.4MM |
| Deposits | Q2 2024vs Q2 2023 | $591.3MM$574.2MM |
| Equity Capital | Q2 2024vs Q2 2023 | $45.6MM$42.3MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $4.5MM$4.1MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $4.2MM$3.7MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |