NEW BEDFORD Credit Union Profile

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NEW BEDFORD

Charter #66733 | NCUA Region 1 | FISCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (508) 994-6546

Fax: (508) 990-7472

Founding Date: N/A

Website: http://www.nbcu4u.com

Personnel & Operations

President: Berthiaume, Peter

Manager: Varao, Berta

FT Employees: 38

PT Employees: 7

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 2

Hours: Monday, Tuesday, Thursday 8 to 5 Fridays 8

Credit Union Profile Summary

NEW BEDFORD is a FISCU Credit Union. With a total of 10,688 members [1], this institution manages approximately $167,774,421 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 10.37% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 2.93% [1].

Financial Snapshot

Total Assets [1]
$167,774,421

Total economic resources.

Total Loans [1]
$112,854,709

Total value of outstanding loans.

Total Deposits [1]
$150,137,943

Total funds deposited by members.

Members [1]
10,688

Number of active members.

Performance Ratios

Net Worth Ratio [1]
10.37%

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]
0.77%

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

Loan-to-Share Ratio [1]
75.17%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 1.66%

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

Loan Growth (4Q) [1]
↑ 2.93%

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

Member Growth (4Q) [1]
↓ -2.95%

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

Headquarters Location & Map

Headquarters Address

1150 Purchase St

New Bedford, MA, 02740-6635
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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 NEW BEDFORD (Charter #66733).

Main Office

New Bedford Credit Union Main Office

Type: Corporate Office

1150 Purchase St

New Bedford, MA 02740-6635

Phone: (508) 994-6546

Services: Member Services, ATM, Drive-Thru

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Additional Branches

New Bedford

New Bedford Credit Union

Type: Branch Office

120 Dawson St

New Bedford, MA 02745-6332

Phone: (508) 998-9115

Services: Member Services, ATM, Drive-Thru

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