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Metro Credit Union

501(c)
DBA: % ERIK M PORTER
Other · CHELSEA, MA · EIN 04-1695745

About

For over 90 years, metro credit union has been providing financial services to communities throughout massachusetts and new hampshire. As one of the largest credit unions in the state, metro has $3.440 billion in assets, more than 209,799 members, and is ABLE to serve anyone in essex, middlesex, norfolk, suffolk, worcester, plymouth, barnstable, bristol, franklin, hampshire, and hampden; and the following new hampshire counties: hillsborough, rockingham, cheshire, merrimack, and strafford. As a full-service credit union, metro offers ALL of the financial products and delivery innovations that you'd expect from a large financial institution. Founded in 1926 and headquartered in chelsea, massachusetts, metro credit union is a cooperative financial institution, owned by and operated for the people who use and benefit from our products and services. We'RE different from banks because we are a NON-profit cooperative that is dedicated to the financial success of our members; and not focused on paying dividends to stockholders or maximizing profits for shareholders. The money we bring in is reinvested in you, our members, through better rates and lower FEES. The philosophy of metro credit union is "people helping people." each member is an equal owner, regardless of how much money is deposited with the credit union. We are committed to financial education. Whether its simple TIPS to help you better manage your finances or seminars and programs designed to help you navigate more complicated financial situations, we want to ensure that you have the right advice, guidance and resources to make smart financial decisions. As a credit union, we provide products and services that are affordable and flexible. We partner with affordable housing organizations across the state to ensure that every prospective homebuyer has access to as many resources as possible to realize their dream of homeownership. We have genuine member focus. ALL of our guidance and services are delivered through engaged employees. They listen to members first; understand their specific situation; and provide the solutions that BEST FIT the needs of the individual or business.

In care of ERIK M Porter

Donations are NOT tax-deductible
Category
Other
Employees
400
Volunteers
10

Financial Snapshot

FY ending 2024-12-31
Revenue
$173.4M
Expenses
$166.1M
Assets
$3.4B
Liabilities
$3.2B

Financial history

$173.4M$86.7M$0
161718192021222324
RevenueExpenses
Latest FY2024: $173.4M · Avg: $98.7M
METRO CREDIT UNION
Your actions

Address

200 Revere Beach PKWY
Chelsea, MA, 02150-160

Governance

Voting board members11
Independent members7
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
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