Work-in-progress version of SherPa. Work-in-progress version of SherPa.
Massachusetts
Last updated on 2014-02-01
General
not credit union specific
- Officer Loan Status
- Not specifically addressed
- Officer Loan Comment
- No provisions dealing with loans, compensation, or transactions with officers
- Officer Loan Statute
- MGL ch. 180, Section 6C
Credit Union Information
- Split Dollar Process
- Ask
- Split Dollar Comment
- —
- Parity Process
- Ask
- Parity Comment
- Restrictive - see Q & A
- Parity Statute
- —
- Alternative To Parity Request
- New investment parity amendment
- CDA Status
- Permitted
- CDA Comment
- Must conform with NCUA rules. https://advance.lexis.com/search/?pdmfid=1000516&crid=3bbd54e1-d334-4d60-aa46-bde4acf204f1&pdsearchterms=209+CMR+50.06&pdstartin=hlct%3A1%3A2&pdcaseshlctselectedbyuser=false&pdtypeofsearch=searchboxclick&pdsearchtype=SearchBox&pdqttype=or&pdquerytemplateid=&ecomp=Jgsnk&prid=0924a765-6c3f-4cc4-a866-ab8d7fdf3e68
- Director Compensation Status
- No comp.
- Director Compensation Statute
- ALM GL ch. 171, § 20
- Credit Union Regulator
State Chartered Credit Unions
53 credit unions chartered in Massachusetts
| Name | Charter Number | CEO | Total Assets | Net Worth | CA SD | Concentration |
|---|---|---|---|---|---|---|
| ARRHA | 61189 | Michael Ostrowski | $140,481,060 | $12,737,560 | $2,719,101 | 21.35% |
| WORCESTER | 64144 | Lisa Perrin | $107,135,365 | $9,706,664 | $0 | 0% |
| BILLERICA MUNICIPAL EMPLOYEES | 66336 | Joyce MacMillan | $20,554,262 | $3,434,726 | $0 | 0% |
| RIVER WORKS | 66346 | Jim Donahue | $117,742,602 | $15,144,126 | $0 | 0% |
| BROTHERHOOD | 66350 | Adam Sherman | $115,553,053 | $44,928,689 | $0 | 0% |
| METRO | 66364 | Robert Cashman | $2,644,497,821 | $226,387,020 | $13,399,434 | 5.92% |
| ALIGN | 66365 | Kenneth Del Rossi | $744,725,978 | $75,461,257 | $0 | 0% |
| ENERGY | 66369 | Irene Tan | $111,771,404 | $15,964,205 | $2,545,704 | 15.95% |
| SOUTHBRIDGE | 66374 | Katherine Roy | $210,511,132 | $23,419,542 | $0 | 0% |
| FIRST PRIORITY | 66593 | Tony Paciulli | $126,821,851 | $17,472,065 | $0 | 0% |
| POLISH NATIONAL | 66597 | James Kelly | $720,556,897 | $88,653,312 | $0 | 0% |
| LEOMINSTER | 66699 | Barbara Mahoney | $819,317,676 | $67,950,779 | $0 | 0% |
| MEMBERS PLUS | 66706 | John Murphy | $341,666,410 | $47,409,303 | $3,036,144 | 6.4% |
| NEW BEDFORD | 66733 | Berta Varao | $157,065,686 | $13,692,793 | $0 | 0% |
| ATHOL | 66819 | Courtney Fifield | $82,681,683 | $7,704,951 | $0 | 0% |
| FREEDOM | 66824 | GLENN WELCH | $651,800,646 | $91,847,287 | $14,186,023 | 15.45% |
| BROOKLINE MUNICIPAL | 67340 | PAUL DEMAIO | $48,109,451 | $5,611,648 | $0 | 0% |
| JEANNE D'ARC | 67352 | Mark Cochran | $1,837,810,519 | $169,198,150 | $0 | 0% |
| ALLTRUST | 67481 | Carmen Sylvester | $315,553,840 | $29,194,416 | $0 | 0% |
| LIBERTY BAY | 67541 | John Parillo | $711,401,337 | $105,792,196 | $14,729,249 | 13.92% |
| COMMUNITY CREDIT UNION OF LYNN | 67558 | Nicholas Sarantopoulos | $154,258,114 | $14,977,788 | $0 | 0% |
| ALLCOM | 67599 | Laura Ybarra | $82,219,183 | $11,580,690 | $1,566,964 | 13.53% |
| ST. ANNE'S OF FALL RIVER | 67605 | Eileen Danahey | $1,284,510,415 | $112,562,733 | $0 | 0% |
| WATERTOWN MUNICIPAL | 67615 | Luisa Figueiredo | $11,740,900 | $3,346,522 | $0 | 0% |
| WORCESTER FIRE DEPT. | 67683 | Lisa Carmody | $50,909,523 | $5,650,023 | $0 | 0% |
| HARVARD UNIVERSITY EMPLOYEES | 67696 | Craig Leonard | $1,052,254,997 | $90,189,897 | $0 | 0% |
| QUINCY | 67709 | John Miller | $734,946,744 | $86,019,541 | $0 | 0% |
| HAVERHILL FIRE DEPARTMENT | 67710 | David Butt | $24,696,454 | $2,339,430 | $0 | 0% |
| HTM | 67749 | Diane Bevilacqua | $26,061,561 | $3,663,948 | $0 | 0% |
| LOWELL FIREFIGHTERS | 67767 | Michael Boldrighini | $27,660,442 | $3,288,449 | $0 | 0% |
| SHARON & CRESCENT UNITED | 67836 | James Carlson | $1,220,088,752 | $149,833,035 | $7,072,435 | 4.72% |
| BOSTON FIREFIGHTERS | 67837 | John Winne | $413,378,067 | $42,407,423 | $2,663,322 | 6.28% |
| LYNN POLICE | 67840 | Kevin Coppinger | $12,458,550 | $2,873,006 | $0 | 0% |
| CITY OF BOSTON | 67841 | Catherine Mullen | $663,256,148 | $55,046,803 | $0 | 0% |
| HOLYOKE POSTAL | 67845 | Cynthia Shea Desroches | $2,852,750 | $724,041 | $0 | 0% |
| REVERE FIREFIGHTERS | 67851 | Thomas Todisco | $7,967,494 | $981,503 | $0 | 0% |
| ST. MARY'S | 67864 | Larissa Thurston | $978,377,577 | $103,966,151 | $0 | 0% |
| ALPHA | 67872 | Joette DeMeo | $40,038,696 | $4,736,635 | $0 | 0% |
| HOLYOKE | 67875 | Michael Murphy | $250,227,527 | $23,722,505 | $0 | 0% |
| LYNN TEACHERS | 67882 | ADELE POLIZZOTTI | $5,691,628 | $869,230 | $0 | 0% |
| LUSO-AMERICAN | 67890 | Ivone Silva | $130,964,970 | $15,341,975 | $0 | 0% |
| CABOT BOSTON | 67891 | Marta Carney | $7,249,232 | $1,132,946 | $0 | 0% |
| FALL RIVER MUNICIPAL | 67894 | Matthew Schondek | $267,071,005 | $28,287,521 | $0 | 0% |
| GREATER SPRINGFIELD | 67902 | Jennifer St.Peter | $257,939,482 | $33,567,105 | $0 | 0% |
| LYNN MUNICIPAL EMPLOYEES | 67908 | Natalie Baker | $3,111,315 | $600,720 | $0 | 0% |
| ALDEN | 67951 | Adam Corcoran | $197,014,194 | $15,314,679 | $0 | 0% |
| ST. JEAN'S | 67959 | David Surface | $325,380,032 | $27,400,041 | $0 | 0% |
| SPRINGFIELD STREET RAILWAY EMP. | 67965 | walter kocor | $1,411,216 | $361,034 | $0 | 0% |
| NAVEO | 68046 | Andrea White | $175,058,078 | $13,853,103 | $0 | 0% |
| HOMEFIELD | 68057 | Karl Moisan | $166,928,278 | $16,355,884 | $4,971,173 | 30.39% |
| MASS BAY | 68137 | Theresa Dorilas | $300,946,996 | $31,141,295 | $0 | 0% |
| TREMONT | 68349 | George Hardiman | $246,245,544 | $27,475,129 | $0 | 0% |
| MERRIMACK VALLEY | 68693 | John Howard | $1,281,013,401 | $112,274,984 | $24,950,763 | 22.22% |