CHELSEA EMPLOYEES Credit Union Profile

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CHELSEA EMPLOYEES

Charter #851 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (617) 884-3599

Fax: (617) 889-6740

Founding Date: N/A

Website: http://www.ChelseaEFCU.org

Personnel & Operations

President: Montefusco, Patrice

Manager: Black, Bruce

FT Employees: 4

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 36

Branches: 1

Hours: M, W, Th 8:30 AM - 4:00 PM Tu 8:30 AM - 6

Credit Union Profile Summary

CHELSEA EMPLOYEES is a FCU Credit Union. With a total of 2,140 members [1], this institution manages approximately $20,765,324 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 8.43% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 9.47% [1].

Financial Snapshot

Total Assets [1]
$20,765,324

Total economic resources.

Total Loans [1]
$14,752,023

Total value of outstanding loans.

Total Deposits [1]
$18,382,746

Total funds deposited by members.

Members [1]
2,140

Number of active members.

Performance Ratios

Net Worth Ratio [1]
8.43%

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]
0.82%

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

Loan-to-Share Ratio [1]
80.25%

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

Four-Quarter Growth

Asset Growth (4Q) [1]
3.00%

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

Loan Growth (4Q) [1]
9.47%

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

Member Growth (4Q) [1]
-4.21%

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

Headquarters Location & Map

Headquarters Address

311 Chestnut St

Chelsea, MA, 02150

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 CHELSEA EMPLOYEES (Charter #851).

Main Office

Credit Union Main Office

Type: Corporate Office

500 Broadway # 205

Chelsea, MA 02150-2948

Phone: (617) 884-3599

Services: Member Services

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