Community Credit Union of Lynn


Asset Size: $130.5 million
Member's Equity: $14.2 million
Net Worth (Equity) Ratio: 10.91%
Field of Membership: Community Credit Union of Lynn serves those who live or work in Essex County, MA.
Members: 13,900
Potential Members: 100,000. Currently serves 13.91% of its potential members. The national average for peer credit unions is 24.8%.
2006 Net Income (Earnings): $46,000. (Note for 2006-7 earnings and return on assets: CCUL invested much of its earnings in a new branch in Peabody, MA, which opened in 2006.)
2007 Return on Assets Ratio YTD: -0.01%.
2007 RoA Ratio YTD for Peers: 0.70%. CCUL is on the 7th percentile.
Website: www.communitycreditunion.org/
Data from NCUA Statement of Financial Condition: www.ncua.gov/indexdata.html
In the News: "Credit union considers becoming a bank ", Boston Globe, 5/17/07.