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EIN 04-1695745

Metro Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
403
City
Chelsea
State
Massachusetts
Year formed
1926
Most recent tax filings
2022-12-01
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
$114,336,853
2022
Total expenses
$83,937,696
2022
Total assets
$3,156,507,565
2022
Num. employees
403
2022

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 12/31/2022, Metro Credit Union has net loans of $2,741 million and share deposits of $2,391 million.

Grants made by Metro Credit Union

GranteeGrant descriptionAmount
Trustees of Boston UniversityDonation$18,757
Cooperative Credit Union Association (CCUA)Donation$15,750
Greater Boston Real Estate BoardDonation$11,000
...and 2 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 18 more key personnel

Financials for Metro Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$104,066,283
Investment income and dividends$2,966,957
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-1,207,586
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$8,511,199
Total revenues$114,336,853

Form 990s for Metro Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122021-11-11990View PDF
2018-122020-02-18990View PDF
2017-122019-02-21990View PDF
...and 9 more Form 990s

Organizations like Metro Credit Union

OrganizationLocationRevenue
Azura Credit UnionTopeka, KS$38,277,046
Navigant Credit UnionSmithfield, RI$130,542,626
Potlach No 1 Financial Credit UnionLewiston, ID$101,119,936
Ih Mississippi Valley Credit UnionMoline, IL$111,927,596
Harvard University Employees Credit Union (HUECU)Cambridge, MA$53,971,563
Dupaco Community Credit UnionDubuque, IA$147,562,356
Missouri Credit UnionColumbia, MO$29,399,852
Jeanne D'Arc Credit UnionLowell, MA$66,569,870
St Anne's Credit UnionFall River, MA$36,103,812
First Community Credit UnionCoquille, OR$62,808,074
Data update history
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
July 8, 2023
Updated personnel
Identified 3 new personnel
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
Independent
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