Credit union
Metro Credit Union
Chelsea, Massachusetts, Suffolk County, MA
$3.3B in total assets and 218,846 members, the 152nd largest of 4,298 US credit unions and 2nd of 121 headquartered in Massachusetts.
- NCUA charter
- 66364
- Charter
- State chartered (MA)
- Chartered
- 1926
- NCUA insured since
- 1985
- Low-income designation
- Yes
- Website
- http://www.metrocu.org
At a glance
Compared with 11 federally insured credit unions in Massachusetts with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $3.3B | 91% | $1.8B | |
| Loans | $2.8B | 91% | $1.4B | |
| Deposits (shares) | $2.8B | 91% | $1.5B | |
| Members | 218,846 | 91% | 97,310 | |
| Return on assets | 0.35% | 36% | 0.57% | |
| Net interest income to assets | 2.09% | 9% | 2.76% | |
| Efficiency ratio | 82.2% | 46% | 82.7% | |
| Net worth ratio | 9.18% | 18% | 10.47% | |
| Loans to shares | 100% | 54% | 91% | |
| Cost of deposits | 2.45% | 82% | 1.70% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 7.9% a year over 10 years and 6.0% a year over the last 5, including 2 mergers in the last 10 years. Membership grew 2.7% a year over 5 years, to 218,846.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Nov 2021 | Gloucester Fire Department Credit Union Credit union, Gloucester, MA | $663K |
| Feb 2021 | Gloucester Municipal Credit Union Credit union, Gloucester, MA | $2M |
| Apr 2016 | Newton Teachers Credit Union Credit union, Newtonville, MA | $2M |
| Oct 2015 | Malden City Employees Credit Union Credit union, Malden, MA | $14M |
| Mar 2014 | Newton Municipal Credit Union Credit union, Newton Center, MA | $11M |
| Mar 2013 | Fenwal Credit Union Credit union, Ashland, MA | $2M |
| Sep 2012 | Massachusetts State Employees Credit Union Credit union, Boston, MA | $70M |
| Nov 2011 | Secure Credit Union Credit union, Melrose, MA | $22M |
| May 2011 | University Credit Union Credit union, Boston, MA | $60M |
Where they operate
18 branches in 4 counties.
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Middlesex County, MA | 7 | 1.3% | 22 of 79 |
| Essex County, MA | 5 | 1.8% | 16 of 59 |
| Suffolk County, MA | 5 | 2.0% | 11 of 63 |
| Norfolk County, MA | 1 | 0.4% | 27 of 58 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 15 | |
| 2017 | 15 | 0 |
| 2018 | 15 | 0 |
| 2019 | 14 | −1 |
| 2020 | 14 | 0 |
| 2021 | 17 | +3 |
| 2022 | 19 | +2 |
| 2023 | 19 | 0 |
| 2024 | 18 | −1 |
| 2025 | 18 | 0 |
| Jun 2026 | 18 | 0 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 0.62% | 0.43% |
| Net worth ratio | 9.18% | 10.47% |
| Loans to shares | 100% | 91% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Massachusetts
Most branches in Middlesex County, MA
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.