Massachusetts
BENEFITS OF THE MASSACHUSETTS CHARTER (View/download PDF)
REGULATING AGENCY: Massachusetts Division of Banks
Massachusetts State House
- Mary Gallagher, Commissioner
- Jay Bienvenu, Senior Deputy Commissioner
- Website: mass.gov/orgs/division-of-banks
ACCREDITED: 1996
LEAGUE: Cooperative Credit Union Association
- Ron McLean, President/CEO
- Website: ccua.org
PRIVATE SHARE INSURANCE: No
2024 STATS
- Largest SCU: METRO CU $3.44B in assets
- Largest FCU: DIGITAL FCU $12.64B in assets
| Fourth Quarter 2024 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 49 | 80 | 129 | 37.98% |
| Credit Union Members | 1.1M | 2.32M | 3.42M | 32.10% |
| Credit Union Assets | $21.86B | $33.23B | $55.09B | 39.69% |
FUN FACT
Sixteen of the top 25 windiest U.S. cities are located here. It’s a good thing Boston has the T to protect people from cold and windy weather. In fact, Boston established the country’s first subway system in 1897.
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