LYNN FIREMENS Credit Union Profile

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LYNN FIREMENS

Charter #484 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (781) 593-8354

Fax: (781) 592-6590

Founding Date: N/A

Website: http://www.lynnffcu.com

Personnel & Operations

President: Gheringhelli, Charles

Manager: Gallagher, John

FT Employees: 0

PT Employees: 7

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 06

Branches: 1

Hours: Monday & Wednesday - 3:00 PM to 6:00PM; T

Credit Union Profile Summary

LYNN FIREMENS is a FCU Credit Union. With a total of 1,570 members [1], this institution manages approximately $19,177,589 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 19.02% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 10.36% [1].

Financial Snapshot

Total Assets [1]
$19,177,589

Total economic resources.

Total Loans [1]
$13,780,449

Total value of outstanding loans.

Total Deposits [1]
$15,502,293

Total funds deposited by members.

Members [1]
1,570

Number of active members.

Performance Ratios

Net Worth Ratio [1]
19.02%

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]
1.74%

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

Loan-to-Share Ratio [1]
88.89%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
4.12%

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

Loan Growth (4Q) [1]
10.36%

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

Member Growth (4Q) [1]
1.82%

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

Headquarters Location & Map

Headquarters Address

30 Boston St Ste 9

Lynn, MA, 01904

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 1 branches reported by LYNN FIREMENS (Charter #484).

Main Office

Lynn Firemen's FCU Main Office

Type: Corporate Office

30 Boston St Ste 9

Lynn, MA 01904

Phone: (781) 593-8354

Services: Member Services

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