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EIN 04-1695745

Metro Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
401
City
Chelsea
State
Massachusetts
Year formed
1926
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Founded in 1926 with less than $2,000, 35 members and clerks who donated their services in the interest of serving their neighbors, Metro Credit Union has grown into the largest state chartered credit union in Massachusetts.
Total revenues
$149,461,871
2023
Total expenses
$134,522,388
2023
Total assets
$3,414,191,630
2023
Num. employees
401
2023

Program areas at Metro Credit Union

Metro Credit Union provides loan and deposit products to members that assist them in meeting their financial needs. As of 12/31/2023, Metro Credit Union has net loans of $2,993 million and share deposits of $2,690 million.

Grants made by Metro Credit Union

GranteeGrant descriptionAmount
Metro Credit Union FoundationDonation$130,000
National Credit Union FoundationDonation$17,750
Cooperative Credit Union Association (CCUA)Donation$16,638
...and 4 more grants made

Personnel at Metro Credit Union

NameTitleCompensation
Robert M. CashmanPresident and Chief Executive Officer$1,275,383
Traci MichelChief Operating Officer and Chief Strategy Officer , Senior Vice President$581,365
Erik PorterSenior Vice President , Chief Financial Officer$401,894
Lawrence StanfordChief Financial Officer , Senior Vice President
Monica SantosChief Marketing Officer , Senior Vice President
...and 15 more key personnel

Financials for Metro Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$136,025,065
Investment income and dividends$9,471,412
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$443,209
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,522,185
Total revenues$149,461,871

Form 990s for Metro Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122021-11-11990View PDF
2018-122020-02-18990View PDF
...and 10 more Form 990s

Organizations like Metro Credit Union

OrganizationLocationRevenue
Azura Credit UnionTopeka, KS$49,794,274
Jeanne D'Arc Credit UnionLowell, MA$90,760,931
Navigant Credit UnionSmithfield, RI$130,542,626
Potlach No 1 Financial Credit UnionLewiston, ID$137,633,569
Communityamerica Credit UnionLenexa, KS$320,007,381
Dupaco Community Credit UnionDubuque, IA$147,562,356
University of Illinois Community Credit UnionChampaign, IL$44,284,163
St Anne's Credit UnionFall River, MA$41,027,576
Greater Nevada Credit UnionCarson City, NV$81,598,679
Credit Union of TexasAllen, TX$136,553,125
Data update history
October 2, 2024
Updated personnel
Identified 4 new personnel
January 21, 2024
Updated personnel
Identified 3 new personnel
January 14, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 13, 2023
Used new vendors
Identified 7 new vendors, including , , , , , , and
Nonprofit Types
Grantmaking organizationsCredit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
MembershipsState / local levelCommunity engagement / volunteeringProvides scholarships
General information
Address
200 Revere Beach Pkwy
Chelsea, MA 02150
Metro area
Boston-Cambridge-Newton, MA-NH
County
Suffolk County, MA
Website URL
metrocu.org/locations/chelsea-main-branch 
Phone
(877) 696-3876
Facebook page
BankingsBestKeptSecret 
Twitter profile
@metrocu 
IRS details
EIN
04-1695745
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1926
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Central organization
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