THE ANDOVERS Credit Union Profile

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THE ANDOVERS

Charter #16067 | NCUA Region 1 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (978) 475-6133

Fax: (978) 475-6225

Founding Date: N/A

Website: http://www.andoverfcu.com

Personnel & Operations

President: Surette, Stephen

Manager: Morelli, Lisa

FT Employees: 5

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 36

Branches: 2

Hours: Monday-Wednesday 8:30-4:00 Thursday-Friday

Credit Union Profile Summary

THE ANDOVERS is a FCU Credit Union. With a total of 2,131 members [1], this institution manages approximately $36,587,881 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 12.35% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -5.64% [1].

Financial Snapshot

Total Assets [1]
$36,587,881

Total economic resources.

Total Loans [1]
$8,670,661

Total value of outstanding loans.

Total Deposits [1]
$32,014,594

Total funds deposited by members.

Members [1]
2,131

Number of active members.

Performance Ratios

Net Worth Ratio [1]
12.35%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.57%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
27.08%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -2.03%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -5.64%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -4.44%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

19C Lupine Rd

Andover, MA, 01810-3909
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 2 branches reported by THE ANDOVERS (Charter #16067).

Main Office

Main Office Main Office

Type: Corporate Office

19C Lupine Rd

Andover, MA 01810-3909

Phone: (978) 475-6133

Services: Member Services, ATM

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Additional Branches

Andover

Greater Lawrence Technical School

Type: Branch Office

57 River Rd

Andover, MA 01810

Phone: (978) 686-8171

Services: Member Services, ATM

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