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Public Document No. 8 Cfte CommontoealtJ) of S@a$0acJ)ti0ett0 ANNUAL REPORT OF THE COMMISSIONER OF BANKS FOR THE Year ending October 31, 1923 Part IV RELATING TO CREDIT UNIONS Department of Banking and Insurance » jj ^i^vx^c^-T^d., t Publication of this Document approved by the Commission on Administration and Finance Cfte Commontoealtj) of S@a00acl)U0ett0 STATE HOUSE, DQS TQM Office of the Commissioner of Banks, State House, Boston, January 16, 1924. To the General Court of Massachusetts: The annual report of the Commissioner of Banks, required by Section 9, Chapis respectfully submitted herewith. The complete report covering the work of this department and containing statements of the institutions under its supervision and other statistical information will be submitted as heretofore at a later date. The banking power of Massachusetts is steadily increasing. Assets under the supervision of this department now aggregate $2,933,225,101.74, an increase of $110,384,660.25 since the last annual report of the Commissioner. This growth has been general throughout the Commonwealth, not being confined to any one section, and the resultant condition reflects not only the prosperity of our citizens but their confidence in our financial institutions. It is interesting to note that the total banking assets in institutions under state supervision represent two-thirds of the total banking power of the Commonwealth. ter 167, General Laws, Consolidated Statement of All Institutions under Supervision of the Commissioner of Banks. October SI, 192S. 1 • Increase for Year. Assets. Percentage of Increase. ...... 196 Savings banks 95 Trust companies: 95 Commercial ments .... $1,569,988,813 83 $129,312,161 89 8.98 depart- 75 Savings departments 45 Trust departments . $570,142,071 88 142,513,703 24 340,001,822 16 ..... ...... . 211 Co-operative banks 3 Savings and loan associations Massachusetts Hospital Life Insurance Company 1 Foreign banking corporation, branch office 90 Credit Unions 45 Persons, partnerships or corporations receiving deposits for safe-keeping or transmission 3 1 State bank . ....... . 157 National Banks in the Commonwealth . , 1,052,657,597 264,755,631 2,938,663 31,581,494 1,639,373 6,297,241 28 85 07 60,911,064 39,664,233 178,236 67,675 261,951 1,281,883 21 64 48 2,550,034 03 816,252 35 $2,933,225,101 74 1,222.367,000 00 7090 88 88 18 81 5.47^ 17.62 6.46 .21 19.02 25.56 405,740 03 123,841 38 18.92 17.88 $110,384,660 25 3.91 * $4,155,^92,101 74- 1 Figures of trust companies and national banks aa of September 14, 1923; co-operative banks as of the close of their October business. 2 Decrease. 3 Assets of those reee vir}„7 deposits for safe -ke.ejiing pre. shown herewith in so far as they are within the provisions of General J.a'ws, Chapter -l<-9. * Does not include trtisjt department ;\s et? the figures for wmcb r.re n*->- returned to the Comptroller of the Currency. ; The total assets of savings banks show an increase of approximately $129,000,000, the largest in the history of these institutions. When compared to the total assets of 1913, the total increase in the last decade amounts to over $632,000,000, or 67 per cent, which is an excellent growth and one which should make the Commonwealth justly proud of these institutions. Co-operative banks continue their remarkable growth, the increase in assets since the last annual report establishing another record in the growth of these institutions. The increase for the last decade is $183,047,288.68, or 224 per cent, which < ) °i \\ jet, H iii P.D. 8, Part IV. J\ jf is another indication that the public is availing itself of the many advantages offered by these banks. It is easy to measure the gain in dollars and cents but the benefits accruing to the Commonwealth through the operation of banks of this nature can only be estimated. A feature which is worthy of notice is that real estate foreclosed and held in possession of the banks, amounting to only $45,182.93, is the smallest amount outstanding on this account since 1889, which is remarkable in view of the total amount of real estate loans held which approximates # $250,000,000. The aggregate assets of trust companies, however, have not shown an increase. What might be misunderstood through the conversion of six trust companies into national banks as a tendency to give up state charters for those under Federal control is explained mainly by reason of consolidations with national banks. It is difficult to say why, under these consolidations, national bank charters were chosen rather than state charters, but it is conceivable that the difference between the banking laws of this Commonwealth and the national bank act, particularly with respect to taxation and the segregation of savings deposits, may have been contributory reasons. The taxation question, it is hoped, will receive consideration soon. The wisdom of requiring the savings deposits to be segregated will be more evident, I believe, as time goes on. Credit unions are how in operation under laws of the Commonwealth which do not give the public the protection which, in my opinion, they have a right to expect. Supervision of these institutions has been and is very expensive, owing not only to the inadequacy of the present laws, but also because of the lack of financial experience among those in charge of many of the credit unions, as well as frequent changes in management. Careful consideration of all phases of this subject has made it quite apparent to me that the statutes regulating this business should be revised in many important respects. Changed conditions have, I believe, led the credit unions away from the original intent of the framers of the law. Although at the present time performing a meritorious service, they should, in my opinion, remain true to the purpose for which they were originally established. Unless there are radical changes in the laws governing them, it is my judgment that a situation is very likely to arise which will subject the savings of members to unnecessary hazard. In order properly to safeguard this business and to insure its operation in the proper direction, I strongly recommend that consideration be given to corrective legislation. Therefore, I respectfully urge that a committee be appointed to study and recommend changes in the present laws. In this connection I particularly call attention to the unrestricted deposit privileges and the lack of regulations covering the loaning of funds. In view of the good work being done by these institutions, I believe that they are entitled to the benefit of remedial legislation. In the last annual report mention was made of the inadequacy of General Laws, Chapter 169, and the speculative tendencies of those doing business under its These conditions, together with suggestions for remedial legislation, provisions. had been submitted to the Joint Special Committee appointed by the legislature to consider and recommend a re-arrangement and revision of the laws relating In consequence of this, the legislature to "Deposits with Others than Banks." enacted Chapter 473 of the Acts of 1923, amending General Laws, Chapter 169. This legislation would have remedied many of the existing conditions and would have placed this class of business on a comparatively firm basis, but just prior to the date, of its taking effect, August 23, 1923, a petition calling for a referendum was filed and the act is now in abeyance pending action at the next state election. I take pleasure in presenting herewith certain statistics concerning the various institutions under the supervision of this department which indicate their healthy condition; also, information showing the progress made in the liquidation of those institutions in the possession of the Commissioner. Respectfully submitted, JOSEPH C. ALLEN, Commissioner of Banks. iv P.D. CREDIT UNIONS. 8, Part IV. Three credit unions have discontinued active business and will be either dated or reorganized during the coming year. They are as follows liqui- Massachusetts Credit Union. Ranfac Credit Union. United Tailors' Association Credit Union. Credit Unions which have Nov. Nov. Nov. Nov. Nov. 1922 1922 8, 1922 8, 1922 18, 1922 Jan. 17, 1923 May 1, 1923 July 12, 1923 Sept. 21, 1923 8, 8, commenced Business during the Year. Central Mass. Telephone Workers' Credit Union, Worcester. Mutual Investment Credit Union, Maiden. Northern Mass. Telephone Workers' Credit Union, Lowell. Southern Mass. Telephone Workers' Credit Union, New Bedford. Worcester Independent Workmen's Circle Credit Union, Worcester. Brockton Postal Employees' Credit Union, Brockton. Springfield, Mass. Post Office Employees' Credit Union, Springfield. Grove Hall Credit Union, Boston. United Electric Light Co. Employees' Credit Union, Springfield. Credit Unions in Voluntary Liquidation. Asco Credit Union, Boston. Greater Boston Credit Union, Boston. Roxbury Credit Union, Boston. Salem Central Labor Credit Union, Salem. Santa Maria Credit Union, Maiden. ....... ........ ........ Dividends in Liquidation held by the Commissioner remaining unpaid. Italian Workingmen's Credit Union, Boston Italo-American Credit Union, East Boston Peabody Hebrew Credit Union, Peabody The final distribution of Credit Union was $55 25 138 27 105 89 the remaining assets of the Salem Investment and the year. made during Legislation enacted 1923. Chap. "38 under Chap. 54 dends Chap. 55 (amending G. L., chap. 171, sec. 2) Prohibiting the resumption of business inactive charter without permission of the Board of Bank Incorporation. (amending G. L., chap. 171, sec. 23) Providing for the payment of divieither in cash or as a credit to either share or deposit accounts. (amending G. L., chap. 171, sec. 27) Regulating the liquidation of credit unions and providing that charters of such corporations voting to liquidate shall become void. Chap. 143 Section 1 (amending G. L., chap. 171, inserting new section 16A) ProvidSection 2 (further amending G. L., ing for a Reserve Fund to care for bad debts. chap. 171, sec. 23) Further regulating the payment of dividends allowing the use of undivided earnings of previous years. Chap. 294 (amending G. L., chap. 171, inserting new section 4A) Authorizing domestic corporations, voluntary associations and partnerships to become limited members of credit unions. The total of shares or deposits received from such members shall not exceed 25 per cent of the assets of the credit union nor shall loans be made to them. P.D. Part IV. 8, STATEMENTS RELATING TO CEEDIT UNIONS. INDEX. Statement Number 1. page — ......... ........... ............ ............ v v v 90 credit unions Aggregate statement of condition, October 31, 1923 90 credit unions Receipts and disbursements during year ending October 31, 1923 2. 3. Statistics relative to membership 4. Principal assets and liabilities of credit — unions from 1911 to 1923, inclusive . . . . vi Classification of loans 6. Profit and loss vii vii Operating expenses vii 5. 7. STATEMENT No. 1. Aggregate Statement of Condition October 31, 1923 Assets. .... .... Investments Loans Furniture and fixtures . . Other assets Cash . Credit Unions. Liabilities. . Due from banks — 90 $939,530 4,766,496 17,834 478,715 17,464 77,199 90 78 Shares Deposits 15 31 54 80 Guaranty fund . Undivided earnings Profit and loss Reserve fund Other liabilities . $6,297,241 48 $3,072,899 2,675,419 245,653 71,224 206,081 15,050 10,911 28 74 62 83 55 94 52 $6,297,241 48 STATEMENT No. 2. Receipts and Disbursements during Year ending October 31, 1923. ! Disbursements. Receipts. Shares Deposits Loans repaid Entrance fees Interest Fines . Investments Guaranty fund Expenses Undivided earnings Furniture and fixtures Sundries Cash, Oct. 31, 1922 $1,587,624 2,736,141 4,581,394 5,957 449,803 17,811 587,210 3,505 1,259 2,795 75 47 56 Shares Deposits 41 Loans Expenses 95 Interest paid 59 Dividends paid Investments Guaranty fund Furniture and fixtures Interest refunded Fines refunded Undivided earnings Sundries Cash, Oct. 31, 1923 02 05 16 93 302 78 37,865 81 451,577 25 $10,463,249 73 STATEMENT $943,802 13 53 90 16 92 2,241,966 5,515,181 99,809 100,808 115,669 811,239 12,810 4,663 2,240 39 1,944 57,158 555,915 31 12 70 62 46 44 95 38 11 $10,463,249 73 No. 3. Statistics relative to Membership. Number Number Number Number Number Number of shares fully paid of members added during year of members withdrawn during year of members Oct. 31, 1923 of borrowers of depositors .... .... $544,430 15,086 8,054 44,960 17,002 17,357 VI "+ d ^ H ^ W S w H <? H OQ CO CT> a o « N 02 £ o £ S3 l-H H Q a a u 02 W 02 02 2 Ph 3 - 3 • .32 Undivided and learnings. I, OSS. «5 Profit Net >> 5a = 3fc O Deposits. g o 3 2 Shares. « _ 3o ! Fixtures. Banks. 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Cc CC CC CC CC CC P.D. 8, Part IV. P.D. 8, vn Part IV. STATEMENT No. 5. Classification of Loans. ........... .......... ............. ........... ............. ............. ......... Secured by: mortgages of real estate Second mortgages of real estate Chattel mortgages Pledges of personal property Stocks and bonds Other collateral Unsecured loans: One or more names without collateral First $1,748,865 915,912 31,366 122,556 137,591 133,560 72 64 71 80 68 91 1,676,642 32 $4,766,496 78 STATEMENT No. 6. Profit and Loss. Credits. Debits. Expenses Dividends on shares Interest on deposits Transfer to guaranty fund Transfer to reserve fund Miscellaneous Balance Oct. 31,-1923 $98,591 115,676 100,816 53,267 15,050 28,159 206,028 . 22 74 03 44 94 ..... ...... .... Interest Fines Miscellaneous $446,555 57 17,772 15 2,730 02 18 40 Balance Oct. 31, 1922 150,532 21 . $617,589 95 $617,589 95 STATEMENT No. 7. Operating Expenses. Classification Year ending Oct. Year ending Oct. 31, 1923. 31, 1922. . Amount. Cost for each $1,000 Amount. of Assets. ....... ........ ....... ...... Cost for each $1,000 of Assets. Advertising Other expenses $59,550 93 11,072 98 1,934 63 27,250 62 $9 49 1 76 31 4 32 $46,139 53 8,773 26 885 39 23,677 36 $9 19 1 75 18 4 71 Total $99,809 16 $15 88 $79,475 54 S15 83 Salaries Rent ABSTRACT OF ANNUAL REPORTS OF THE CREDIT UNIONS SHOWING THEIR CONDITION AT CLOSE OF BUSINESS OCTOBER 31, 1923. BEVERLY — BEVERLY CREDIT UNION. 170 CABOT STREET. Began business March Incorporated February 20, 1917. Charles A. King, 8, 1917. Walter President. George L. Young, Flint, Treasurer. S. Clerk of Corporation. Board of Directors: Robert Barker, T. H. Bott, Jr., Edward Dunt, W. S. Flint, Michael Flower, C. O. Frost, G. A. Glidden, U. G. Haskell, C. A. King, G. A. Sands, B. F. Swasey, R E. Thierfelder, F. L. Trask, W. H. Wolfe, G. L. Young. Credit Committee: D. J. Goodwin, W. W. Laws, H. O. Peterson. Supervisory Committee: G. A. Gove, L. S. Smith, J. A. Torrey. BALANCE SHEET, OCTOBER ...... ...... Assets. Loans Due from banks and trust companies Cash 31, 1923. ..... Liabilities. $45,148 64 1,299 11 64 75 Shares $39,831 2,450 2,005 1,836 109 Guaranty fund Undivided earnings Profit and loss Reserve fund Discount .... 37 279 55 $46,512 50 $46,512 50 Receipts and Disbursements during the Year ending October $17,345 36,133 29 3,865 148 . Loans repaid Entrance fees Fines Investment . Miscellaneous Cash on hand Oct. 19 13 50 00 42 1,987 50 203 30 3,141 95 Interest 31, 1922 31, 1923. Disbursements. Receipts Shares 51 05 17 85 Shares $10,518 13 46,536 21 842 34 . Loans made Expenses Dividends paid Investment Cash on hand Oct. . 1,605 95 1,987 50 1,363 86 . 31, 1923 $62,853 99 $62,853 99 Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. $520.00 $300.00 Advertising. Other Expenses. $22.34 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 111. 127. 573. 25 cents. . Par value Number Rate ..... fully paid of dividend, November, 1922 Shares. $10. 3,888. 6%. Total. $842.34 P.D. Part IV. 8, BEVERLY — BEVERLY INVESTMENT CREDIT UNION. 31 BOW STREET. Incorporated December Saul Silver, 2, 1913. Began business December Harrt Gordon, Morris Katz, Samuel Supervisory Committee: L. K. Cutler, Jr., Guss Bernson, ..... ...... ..... D. Goldberg. I. Assets. Investments Furniture and fixtures Due from banks and Insurance prepaid trust companies . Other assets 31, 1923. ..... .... Liabilities. 00 20 Shares Dep' 51 33 18 03 Guaranty fund Unearned interest Profit and loss 50 00 Reserve $5 20,767 291 7,645 $21,422 60 4.722 41 / 1,18 531 18 . 8£< for furniture and 59 91 fixtures $28,777 07 $28,777 07 Receipts and Disbursements during the Year ending October 31, 1923. Disbursements. Receipts. $18,932 70 11,045 03 52,037 30 5 70 2,357 78 82 71 88 70 6,490 91 Shares Deposits . Loans repaid Entrance fees Interest Fines Miscellaneous Cash on hand Oct. S. Silver. BALANCE SHEET, OCTOBER Loans Starr, Treasurer. S. Clerk of Corporation. Samuel Aronson, Israel Chanskt, Louis Ger?h\w, Samuel Katz, M. Rosenbloom, Saul Silver, H. S. Starr, Abraham Zaffa. Directors: Credit Committee: 1913. Htm an President. Melvin M. Rosenbloom, Board of 2, 31, 1922 Shares Deposits $11,697 10.570 59.433 625 . Loans made Expenses 00 42 282 76 564 00 222 24 7,645 33 Interest paid on deposits Dividends paid Miscellaneous Cash on hand Oct. 30 78 31, 1923 $91,040 83 $91,040 83 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid for .$>v S416.00 Advertising. Other Expenses. Total. $103.39 oq $607.39 Membership. Number added during year Number withdrawn during vear Number of members, Oct. 31, 1923 Amount of entrance fee 48. 19. . Par value Number Rate ..... 130. 10 cents. Shares. $5. 4.2S1. fully paid of dividend, November, 1922 8%. Deposits. Number of depositors IS. . 6% Rate of interest paid during year Dates on which interest was paid and 7%. day ot Ncv First Feb., May am Aug. BOSTON — AUGUSTOV CREDIT UNION. OTISFIELD HALL, OTISFIELD STREET Incorporated February 24, 1914. RCXBURY Began business May DISTRICT). 25, 1915. A. Schwartz, Treasurt A. E. Jacobs, President. Samuel Stern, Clerk of Corporation. P.D. 8,*Part IV. Board of Directors: A. E. Jacobs, D. A. Jacobs, Herman Credit Committee: Max Lipson, Abram Schwartz, Jacob Stern. Israelson, Morris Rodnetsky, Jacob Shapiro. Supervisory Committee: Jack Fritz, Harry Lazerovitz, Hyman BALANCE SHEET, OCTOBER Shifres. 31, 1923. Assets. Liabilities. Loans $2,143 25 Furniture and fixtures Suspense Cash Shares Guaranty fund Profit and loss 90 00 60 37 435 09 . $2,270 68 . Other 267 38 161 00 29 65 liabilities $2,728 71 $2,728 71 Receipts and Disbursements during the Year ending October 31, 1923. .... Receipts Shares Loans repaid Entrance fees Interest . . Fines Liquidation account Miscellaneous Cash on hand ..... Disbursements. $1,384 95 6,327 00 21 00 303 72 24 17 11 93 124 55 55 40 Oct. 31, 1922 Shares 27 75 31 00 00 30 435 09 $1,259 6,200 191 62 45 59 Loans made Expenses Dividends paid Furniture and fixtures . Miscellaneous Cash on hand Oct. 31, 1923 $8,252 72 $8,252 72 Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. $92.00 $60.00 Advertising. Other Expenses. $39.31 Total. $191.31 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 15. 36. 30. . Par value Number Rate ..... Shares. $5. fully paid of dividend, 400. November, 1922 5%. BOSTON — BEACON HILL CREDIT UNION. 17 May Incorporated Solomon Mondlick, CAMBRIDGE STREET. 6, Began business June 1921. 20, 1921. Morris Schiller, President. Treasurer. Louis D. Frank, Clerk of Corporation. of Directors: Benjamin Bodin, Jacob Brown, Isaac Firger, L. D. Frank, Samuel Gammerman, Samuel Goldberg, Morris Green, Rubin Malinsky, Solomon Mondlick, Morris Board Schiller. Credit Committee: Myer Supervisory Committee: Krinsky, Harry Rubin, Samuel White. Hyman Feldman, Harry Lepie, Harry Schneider. BALANCE SHEET, OCTOBER ...... 31, 1923. Assets. Loans Furniture and fixtures Due from banks and . . . trust companies Liabilities $66,335 37 378 95 3,699 43 Shares Deposits . Guaranty fund Undivided earnings and loss Reserve fund Profit $70,413 75 $60,189 59 1,987 83 2,852 54 251 21 4,322 55 810 03 $70,413 75 P.D. Part IV. 8, Receipts and Disbursements during the Year ending October 31, 1923. Disbursements. Receipts. $35,773 47 2,545 33 136,910 80 255 00 8,007 97 403 74 155 79 Shares Deposits Loans repaid . Entrance fees Interest Fines Miscellaneous Cash on hand Oct. 31, 1922 1,359 12 Shares Deposits 29 50 67 24 44 68 15 97 3,699 43 $16,950 557 158,907 2,113 21 3,145 . Loans made Expenses Interest paid on deposits Dividends paid Furniture and fixtures Cash on hand Oct. 31, 1923 $185,411 22 $185,411 22 Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. $1,076.00 $422.22 Advertising. Other Expenses. Total. $615.02 $2,113.24 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 255. 112. 615. . Par value Number Rate $1. ..... Shares. $5. 11,937. fully paid of dividend, 10% November, 1922 Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 5. . 6%. Feb. 15, Aug. May 15, 15. BOSTON — BLUE HILL NEIGHBORHOOD CREDIT UNION. 1111 BLUE HILL AVENUE (DORCHESTER DISTRICT). Incorporated January M. 3, Began business January 1921. Wm. E. Schneider, President. Isadore Feldman, Clerk 1921. 3, J. Greenstein, Treasurer^ of Corporation. Board of Directors: N. Braunstein, I. Feldm.an, S. F. Greenstein, W. J. Greenstein, J. G. Kofman, P. H. Louis, Bertha Marcus, M. E. Schneider, A. Ullman (two vacancies). Credit Committee: W. Aronoff, J. Brickman, N. J. Golden, B. E. Gordon (one vacancy). Supervisory Committee: H. Gerber, H. Magazine, N. M. Rodman. BALANCE SHEET, OCTOBER Loans Liabilities $49,435 35 . Furniture and fixtures Other assets . Cash 31, 1923. .... Assets. 546 61 104 98 11,650 24 Shares Deposits Guaranty fund Undivided earnings and loss Profit Reserve fund $61,737 18 $50,838 0O 4,969 63 2,299 79 355 19 3,271 53 3 04 $61,737 18 Receipts and Disbursements during tbe Year ending October 31, 1923. Disbursements. Receipts. Shares Deposits $37,493 6,682 81,233 211 Loans repaid Entrance fees 5,174 Interest 463 Fines Miscellaneous . Cash on hand Oct 31, 1922 2,047 4,693 75 05 50 40 83 40 20 89 Shares Deposits Loans made Expenses Interest paid on deposits Dividends paid Furniture and fixtures Miscellaneous Cash on hand Oct. $138,000 02 $14,809 00- 31, . 1923 2.571 .04.024 1.53S 75 1,357 53 2.460 11,110 12 35 44 23 78 00 67 43 $138,000 02 P.D. Part IV. 8, Miscellaneous. Total Expenses for Year. Rent. Advertising. $294.31 $16.00 Salaries. Amount $810.00 paid for Other Expenses. Total. $418.13 $1,538.44 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 233. 107. 679. $1 for adults; 10 cents for children. . Par value Number Rate ..... Shares. fully paid of dividend, 9,247. November, 1922 8%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 25. . 6%. Nov. 1, May BOSTON— BOSTON & MAINE 152 R.R. Began business March J. BALANCE SHEET, OCTOBER ..... ...... ...... ..... Loans Furniture and fixtures Due from banks and Cash trust companies Other assets J. C. Moher. E. A. Ryan, E. R. E. Marshall, G. F. Sheridan. 31, 1923. .... Assets. Investments Treasurer. Miller, N. H. Ricker, C. D. Smith, J. Crowley, J. A. Freeman, E. T. J. Markham, Sweet, F. J. Tague, A. E. Varley. Supervisory Committee: C. N. Eddy, 1. Clerk of Corporation. Board of Directors: R. C. Babbidge, Harold Fredericks, L. Harold Ulrich. J. 1, 1915. 1, Robert M. Spinney, Charles D. Smith, M. Aug. EMPLOYEES CREDIT UNION. C. Babbidge, President. Credit Committee: Feb. CAUSEWAY STREET. Incorporated February 26, 1915. Ralph 1, Liabilities $43,357 42 49,443 95 897 50 7,744 66 250 00 138 68 Shares Deposits $46,149 71 49,006 71 3,055 27 60 25 3,393 40 79 50 87 37 Guaranty fund Undivided earnings Profit and loss Reserve fund Other liabilities $101,832 21 $101,832 21 Receipts and Disbursements during the Year ending October 31, 1923. .... Receipts Shares Deposits Loans repaid . Entrance . fees Interest Fines Miscellaneous Investments . Cash on hand Oct. 31, 1922 Disbursements. $31,403 63,270 73,240 197 7,200 284 168 37,974 13,628 18 22 Shares Deposits 59 90 77 Loans made Expenses 18 Dividends paid Miscellaneous 77 33 69 . Interest paid on deposits Interest and discount prepaid Furniture and fixtures Guaranty fund Investments . Cash on hand Oct. 31, 1923 $227,368 63 $10,500 14 44,265 99 94,865 81 2,121 86 1,159 63 1,575 00 207 38 581 04 468 88 20 00 63,608 24 7,994 66 $227,368 63 Miscellaneous. Total Expenses for Year. Salaries. Amount paid for $1,920.45 Rent. Advertising. $10.00 Other Expenses. $191.41 Total. $2,121.86 P.D. Part IV. 8, Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 274. 143. 712. . Par value Number 25 cents. ..... Shares. $5. 8,566. fully paid Rate of dividend, November, 1922 8%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 134. . 5%. Nov. 5 May 5, Feb. 5, Aug. 5. BOSTON — CIGAR FACTORY EMPLOYEES' CREDIT UNION. 7 APPLETON STREET. Began business October Incorporated September 23, 1916. Wm. 7, 1916. Aaron Velleman, Collins, President. Treasurer. Ida Smith, Clerk of Corporation. Board of Directors: William Collins, F. E. Howe, Thos. Mulvev, B. Stahl, Ida Smith, A. Velleman, Wm. Van Gestel, A. Woolf. Credit Committee: C. Claus, Wm. Enck, John Evans, A. Mordecai. Haag, Wm. McCool, Joseph Meckel. Supervisory Committee: Sol. BALANCE SHEET, OCTOBER ..... ...... ...... Investments Loans Due from banks and trust companies Cash 31, 1923. .... Assets. Liabilities. $121 00 24,897 15 9,532 52 99 06 $28,096 97 Shares Deposits 3,291 30 1,697 19 Guaranty fund Undivided earnings Profit and loss Reserve fund 50 50 1,016 42 497 35 $34,649 73 $34,649 73 Receipts and Disbursements during the Year ending October .... .... Disbursements. Receipts. Shares Deposits $20,980 03 3,460 84 42,314 20 105 50 3,214 32 78 50 55 3,075 07 Loans repaid Entrance fees Interest Fines Guaranty fund Cash on hand Oct. 31, 1922 31, 1923. $15,903 23 Shares Deposits . 1,731 Loans made Expenses 1,341 25 Interest paid on deposits 78 535 40 190 Dividends paid Miscellaneous Guaranty fund Cash on hand Oct. 31, 1923 Total Expenses for Year. Salaries. Rent. $945 50 $110.00 . Advertising. Other Expenses. $2S5 75 . Total. $1,341. Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee . 60 $73,229 01 Miscellaneous. paid for 10 40 50 9,631 58 $73,229 01 Amount 85 43,776 50 . 221. 71. 816. 50 cents. P.D. 8, Part IV. ..... Par value Number Rate Shares. $5. fully paid 5,592. November, 1922 of dividend, 3%. Deposits. Number Rate Date of depositors of interest paid during year on which interest was paid 20. . 6%. Nov. 1. BOSTON — CITY OF BOSTON EMPLOYEES' CREDIT UNION. ROOM November Incorporated Bernard C. Kelley, CITY HALL ANNEX, COURT STREET. 109, Began business November 5, 1915. I. Fitzgerald, Clerk of Corporation. President. J. Christopher 15, 1915. George Herlihy, Treasurer. Board of Directors: F. B. Cook, C. I. Fitzgerald, Joseph Harrington, J. G. Herlihy, M. P. Higgins, Edward Hoey, Thomas Jordan, B. C. Kelley, E. T. Kelley, W. P. Long, James McKenna, E. S. Phinney, Joseph F. Sullivan, J. H. Sullivan. Credit Committee: J. H. Mahoney, Supervisory Committee: J. J. J. Quinn, Samuel Silverman. M. Curley, W. D. Kenney, E. F. Murphy. BALANCE SHEET, OCTOBER ...... ...... 31, 1923. Assets. Loans Due from banks and trust companies Cash Liabilities. 556,514 57 11,419 90 649 42 Shares Deposits $18,084 39,398 2,912 4,782 3,313 91 . Guaranty fund Undivided earnings Profit and loss Reserve fund 90 94 73 12 50 70 $68,583 89 $68,583 89 Receipts and Disbursements during the Tear ending October 31, 1923. .... Receipts Disbursements. Shares Deposits $5,588 34,854 90,600 393 7,244 132 13,004 . Loans repaid Entrance fees Interest Fines Cash on hand Oct. 31, 1922 40 05 Shares Deposits 11 Loans made Expenses 73 73 13 67 $2,600 79 24,754 34 108,557 54 . 1,477 76 1,642 60 701 12 14 35 12,069 32 Interest paid on deposits Dividends paid Undivided earnings Cash on hand Oct. 31, 1923 $151,817 82 $151,817 82 Miscellaneous. Total Expenses for Year. Salaries. Amount paid for $1,275.00 . Rent. Advertising. Other Expenses. Total. $202 76 $1,477.76 . Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 334. . 102. 1,296. 25 cents. Shares. Par value . . . . $5. . Number Rate fully paid of dividend, November, 3,317. 1922 6%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid . 261. 6- ; Nov. Feb. 1. May 1, Aug. 1, 1. s P.D. BOSTON— EAST BOSTON CREDIT 155 Part IV. CHELSEA STREET. Incorporated July 31, 1913. David Wolf, 8, UNION. Began business August 14, 1913. Alexander President. Ellis, Treasurer. S.J. Aronson, Clerk of Corporation. Board of Directors: S. J. Aronson, Nathan Burrish, Alexander Ellis, Morris Goldstein, Louis Petrikansky, David Wolf. Simon Fine, Israel Pearlmutter, Samuel Petrikansky. Credit Committee: Supervisory Committee: Louis Greenfield, Harvey Milgram, Israel BALANCE SHEET, OCTOBER Soll. 1923. 31, Assets. Liabilities. Loans Cash $4,173 32 297 18 Shares $3,962 25 . Guaranty fund Profit and loss 285 97 222 28 $4,470 50 $4,470 50 Receipts and Disbursements during the Year ending October Disbursements. Receipts Shares $2,502 96 10,374 39 31 50 776 91 30 85 136 75 . Loans repaid Entrance fees Interest Fines Cash on hand 31, 1923. Oct. 31, 1922 Shares $2,138 56 . Loans made Expenses . . . . . . . . . . 10,911 00 502 43 on deposits Interest paid Cash on hand Oct. 19 4 31, 1923 297 18 . $13,853 36 $13,853 36 Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. $222.40 $137.00 Advertising. Other Expenses. $15.40 $127.63 Total. $502.43 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 25. 36. 92. $1. . Par value Number Rate ..... Shares. 15 780. fully paid of dividend, None. November, 1922 BOSTON — ELMCO CREDIT UNION. 137 WASHINGTON STREET. Incorporated October 14, 1914. Thomas J. Max Max Bernhardt, Bernhardt, T. Credit Committee: L. G. Joel, Supervisory Committee: J. Brady, J. J. Delea, Jacob Levy, C. Marks. (one vacancy) 31, 1923. ..... .... Liabilities Assets. . trust S. Jacob Smith, E. A. Whitcomb. Aaron Marks, Mark Marks . Bernhardt, Treasurer. Clerk of Corporation. BALANCE SHEET, OCTOBER Loans Due from banks and 19, 1914. Max Brady, President. Board of Directors: Began business October companies $3,089 50 612 73 Guaranty fund Undivided earnings Profit $3,702 23 . Shares Deposits and loss . . . $2,787 00 510 254 3 117 40 32 IS 33 $3,702 23 P.D. 8, Part IV. 9 Receipts and Disbursements during the Year ending October 31, 1923. .... .... Receipts Disbursements. Shares Deposits $505 50 23 27 3,208 25 40 168 24 50 986 04 Loans repaid Entrance fees Interest Fines Cash on hand Oct. 31, 1922 . ..... Shares Deposits Loans made Expenses Dividends paid Guaranty fund Cash on hand Oct. $846 50 555 44 2,702 00 22 08 144 70 8 75 612 73 .... .... 31, 1923 . . $4,892 20 $4,892 20 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid Advertising. Total. Other Expenses. $22.08 $22.08 for Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1922 Amount of entrance fee 8. 2. . . Par value Number Rate 122. 10 cents. ..... Shares. $5. 547. fully paid of dividend, November, 1922 5%. Deposits. Number Rate Date of depositors of interest paid during year on which interest was paid 17. . 5%. Nov. 12. BOSTON — ETSCO CREDIT UNION. TREMONT STREET. 155 Incorporated April 1921. 4, Began business June 22, 1921. Jesse A. Drew, President. Alice C. Brown, Treasurer. Mary Board of Directors: Credit Committee: Casey, Clerk of Corporation. Mary Brady, Mary Casey, Jesse A. Drew, Jane Garvey, Nellie Grourk, Violet Lohnes, May O'Connor, Emilie Wentworth, Victor Ziminsky. Mary Brady, Elizabeth Lynch, Supervisory Committee: G. K. Creighton, E. M. Moeckel. Gladys Hurley, Ella Wood. BALANCE SHEET, OCTOBER ..... ...... 31, 1923. Assets. Investments Loans Due from banks and trust companies Cash Liabilities $6,763 67 1,654 03 1,521 93 46 02 $365 66 9,533 36 35 66 50 97 Shares Deposits . Guaranty fund Profit and loss $9,985 65 $9,985 65 Receipts and Disbursements during the Year ending October 31, 1923. Receipts Shares Deposits 1,608 93 Loans repaid Entrance fees 705 97 2 75 332 94 Interest Investments Miscellaneous Cash on hand Oct. 31, 1922 . .... Disbursements. $85 50 . 10,656 91 125 92 1,613 49 Shares Deposits Loans made Expenses Interest paid on deposits Investments Guaranty fund $15,132 41 227 96 10,133 23 . 25 125 92 Miscellaneous Cash on hand Oct. $120 84 536 28 2,335 00 84 98 . 31, 1923 1,567 95 $15,132 41 10 P.D. Part IV. 8, Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount Advertising. Other Expenses. Total. $84.98 $84 98 paid for Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 13. 12. . Par value Number 32. 25 cents. ..... Shares. $5. 73. fully paid Rate of dividend, November, 1922 None. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 32. . Nov. Feb. 1, May 1, Aug. 1, 1. BOSTON — FARMANCO CREDIT UNION. BARTLETT SQUARE (JAMAICA PLAIN DISTRICT). Began business February Incorporated January 28, 1922. J. B. McKinnon, President. L. E. J. Board of Directors: 13, 1922. Jennie Lamont, M. Strong, J. B. Vogt, Treasurer, Clerk of Corporation. McKinnon, E. G. Peak, J. M. Strong, Mae Sullivan, L. E. $1,812 2,146 94 8 74 50 Vogt. Credit Committee: Etta Birnbaum, Herbert Dillingham. Supervisory Committee: W. A. Daniels, R. M. Dugdale, S. B. Hickox. BALANCE SHEET, OCTOBER ..... ...... Loans Due from banks and trust companies Cash 1923. ..... .... Assets. Investments 31, Liabilities. $1,578 47 1,967 52 1,566 08 21 80 Shares Deposits Guaranty fund Undivided earnings and loss Reserve fund Christmas Club deposits Accounts payable 56 30 11 945 50 22 00 Profit . $5,133 87 $5,133 87 Receipts and Disbursements during the Year ending October .... Entrance fees Interest Fines Miscellaneous Christmas Club fund Cash on hand Oct. 31, 1922 31, 1923. ..... .... Disbursements. Receipts Shares Deposits Loans repaid 64 46 10 $246 50 2,515 95 3,555 07 8 25 196 27 32 59 144 75 962 50 1,154 08 Shares Deposits Loans made Expenses .... .... Interest paid on deposits Miscellaneous Christmas Club fund Cash on hand Oct. 31, 1923 . $869 00 1,900 4,199 08 00 38 89 54 46 149 65 17 1,583 00 $8,815 96 $8,815 96 Miscellaneous. Total Expenses for Year. Salaries. Amount paid for Rent. Advertising. Other Expenses. $38.89 Total. $38 S9 P.D. 8, Part IV. 11 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 44. 56. 140. 25 cents. . . Par value Number Rate ..... Shares. 85. fully paid of dividend, 355. November, 1922 None. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 66. . Feb. 1, Aug. 1. BOSTON — FILENE CO-OPERATIVE ASSOCIATION CREDIT UNION. 426 WASHINGTON STREET. Incorporated October 21, 1921. Austin C. Benton, Began business November A. C. Benton, of Directors: Credit Committee: Maude Supervisory Committee: E. Wm. of Corporation. Bixby, G. G. Goldie, R. L. Harlow, Benjamin Raphael, C. P. Smith. Brennan, Anna M. Carroll, H. R. Floyd. Adelia T. Marmaud, L. T. McMahon, C. O'Connell. BALANCE SHEET, OCTOBER 31, 1923. Assets. ...... ...... Investments . . 1921. Chas. P. Smith, Treasurer. President. Chas. P. Smith, Clerk Board 1, .... Loans Due from banks and trust companies Cash Liabilities $174,591 75,853 27,480 6,425 51 19 27 56 $13,318 268,667 552 585 Shares Deposits . Guaranty fund Undivided earnings Profit and loss Other liabilities 50 79 87 49 1,223 63 2 25 $284,350 53 $284,350 53 Receipts and Disbursements during the Year ending October 31, 1923. .... Disbursements. Receipts. Shares Deposits 25 28 06 99 45 16 00 132,563 03 21,417 62 S6.657 322,978 125,218 10,103 92 . Loans repaid Interest Fines Miscellaneous Investments . Cash on hand Oct. 31, 1922 $2,654 50 329,171 05 101,767 83 573 10 8,055 05 Shares Deposits Loans made Expenses . Interest paid on deposits 375 22 Dividends paid Miscellaneous Investments 24 72 142,519 38 33,905 83 . Cash on hand Oct. 31, 1923 $619,046 68 $619,046 68 Miscellaneous. Total Expenses for Year. Salaries. Amount Rent. Advertising. Other Expenses. $573.10 paid for Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee . 680. 471. 1,691. None. Total. $573.10 12 Par value Number Rate P.D. ..... $5. 2,617. fully paid November, 1922 of dividend, Part IV. 8, Shares. 6%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 1,420. . Nov. 1, May 1. BOSTON — GILCO CREDIT UNION. 417 WASHINGTON STREET. Incorporated July Frank S. 11, 1914. Began business July 22, 1914. Rose E. Hall, Leavitt, President. Anastasia L. Ward, Treasurer. Clerk of Corporation. Board of Directors: J. J. Bulger, Louis Campbell, Bessie Grife, Ross Hall, James Hartford, Robert Heartz, Inez Kjellstrom, Edna Lewis, Henry Neiland, Edward Putnam, Frederick Small, Oscar Swanson, F. F. Vorenberg, Anastasia L. Ward. Credit Committee: J. T. Chase, C. W. Downes, Supervisory Committee: H. J. J. Parker. W. Schaschke, Fred Vorenberg, B. S. Whiston. BALANCE SHEET, OCTOBER ..... ...... ..... 31, 1923. Assets. Investments Loans Due from banks and Cash Other assets trust companies Liabilities 328,478 66 6,106 00 2,590 28 18 23 146 45 Shares Deposits $10,286 25,451 832 305 463 . Guaranty fund Undivided earnings and loss Profit $37,339 62 Loans repaid Entrance fees Disbursemen $9,949 51,757 19,488 107 . Investments 89 28 19 ID 1,804 96 Interest 33,007 65 122 73 13,163 97 . Miscellaneous Cash on hand Oct. 31, 1922 31, 1923. .... Receipts. . 55 $37,339 62 Receipts and Disbursements during the Year ending October Shares Deposits 78 09 67 53 $4,020 46 57,668 02 21,449 00 Shares Deposits Loans made Expenses Interest paid . 480 05 672 17 on deposits 247 41,888 99 367 66 2,608 51 Dividends paid Investments . Miscellaneous Cash on hand Oct. 31, 1923 $129,402 42 $129,402 42 Miscellaneous. Total Expenses for Year. Salaries. Amount paid for $232.67 . Rent. Advertising. Other Expenses. Total. $480.05 S247 38 . Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 364. . Par value Number Rate ..... 33. 594. 25 cents. Shares. $5. 2.045. fully paid of dividend, November, 1922 Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid . 105. April 1, Oct. 1. P.D. 8, Part IV. 13 BOSTON — GREATER BOSTON PUBLIC SCHOOL EMPLOYEES' CREDIT UNION. BEACON STREET. 15 Incorporated February Patrick M. Connolly, Began business April 14, 1921. 1921. 4, Elizabeth T. McSweeney, Treasurer. President. John McMurrer, Clerk of Corporation. Board of Directors: H. P. Brown, P. M. Connolly, J. L. Galway, C. A. Kenneally, W. H. Lestjre, John McMurrer, Elizabeth T. McSweeney, E. A. Moore, W. C. Tilton. Credit Committee: T. E. Supervisory Committee: Bunyon, Carr, B. F. Quimby. J. F. Anna M. Barry, Richard Clayton, T. F. BALANCE SHEET, OCTOBER ...... Twomey. 31, 1923. Assets. Liabilities. $739 00 99 41 Loans Due from banks and trust companies Shares «787 00 15 75 35 66 . Guaranty fund Profit and loss $838 41 $838 41 Receipts and Disbursements during the Year ending October 31, 1923. ..... .... ..... $290 00 1,073 00 5 50 88 40 2 23 288 28 Loans repaid Entrance fees Interest Fines Cash on hand Oct. 31, 1922 ...... ..... ..... Disbursements. Receipts. Shares . Shares Loans made Expenses Cash on hand Oct. 31, 1923 $5 00 1,635 00 8 00 99 41 . $1,747 41 $1,747 41 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount Advertising. Other Expenses. Total. $8.00 $8.00 paid for .......... ........... .............. ............ ......... Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee .. . . . . . . . . . 22. 1. 60. 25 cents. Shares. Par value Number Rate fully paid of dividend, November, 1922 $5. 157. None. BOSTON — GROVE HALL CREDIT UNION. 86 BRUNSWICK STREET (ROXBURY Incorporated July Charles Corkin, 12, 1923. Began business July Board of Directors: Myer Hyman 12, 1923. Myer President. Hyman Credit Committee: DISTRICT). Coffin, Treasurer. Covitz, Clerk of Corporation. Coffin, Charles Corkin, Hyman Covitz, Dennis Murstin, H. M. Sinofsky. Covitz, A. M. Golden, H. Supervisory Committee: Louis Berg, Phil Cohan, P. Max Levowich. Zall. 14 BALANCE SHEET, OCTOBER P.D. 31, 8, Assets. Liabilities. Loans Cash Other assets $1,436 00 2 85 53 15 Shares $1,410 00 76 00 . Guaranty fund $1,492 00 $1,492 00 Receipts and Disbursements during the Year ending October 31, 1923. ..... ..... Receipts. Shares Part IV. 1923. Disbursements. $1,416 604 76 60 . Loans repaid Entrance fees Interest Fines Miscellaneous 00 00 00 60 Loans made Expenses Cash on hand Oct. 31, 1923 $2,040 00 11' 2 85 16 2 16 $2,158 92 $2,158 92 Miscellaneous. Total Expenses for Year. Amount paid for . Salaries. Rent. - - Advertising. Other Expenses. Total. $116.07 $116.07 - Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 38. . Par value Number Rate 38. $2. ..... Shares. $10. 140. fully paid of dividend, November, 1922 None. BOSTON — HAMPDEN CREDIT UNION. EUSTIS STREET (ROXBURY DISTRICT). 250 Began business June Incorporated July 17, 1916. Reuben of Directors: 1920. Morris Rodnetsky, R. Jacobs, President. H. L. Lurie, Clerk Board 6, D. Aranson, Samuel Lurie, H. L. Lurie, M. Rodnetsky, R. Jacobs. Credit Committee: H. Israelson, H. J. Lewis, H. Supervisory Committee: W. Lurie, J. Orlov. Rodnetsky, Edward Spiegel. BALANCE SHEET, OCTOBER ...... 31, 1923. Assets. Loans Due from banks and trust companies Liabilities. $2,519 59 94 77 Shares 12,404 58 109 21 100 of . Guaranty fund Profit and loss $2,614 3$ $2,814 36 Receipts and Disbursements during the Year ending October .... .... Loans repaid Entrance fees Interest Fines Miscellaneous Cash on hand Oct. 31, 1922 31, 1923. ..... .... Disbursements. Receipts Shares Treasurer. of Corporation. $1,696 36 7,185 91 26 58 377 25 32 99 71 68 253 99 $9,644 76 Shares Loans made Expenses .... Miscellaneous Guaranty fund Cash on hand Oct. 31, 1923 $1,192 80 7>75 00 133 87 293 32 55 00 94 77 $9,644 76 P.D. 8, 15 Part IV. Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid for $71.50 . Advertising. Other Expenses. $11.57 $47.00 Total. $133.87 $3.80 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 22. 14. 65. . Par value Number Rate ..... Shares. 15. fully paid of dividend, 460. November, 1922 6%. BOSTON — INDUSTRIAL CREDIT UNION. 264 BOYLSTON STREET. Incorporated November 23, 1910. Mabel W. Whidden, of Directors: Merrick, Treasurer. B. Griggs, Levi Howe, Margaret McGill, Grace L. F. E. SMITH, CROSBY THOMPSON, FLORA WaLKER, MaBEL Merrick, Elizabeth W. WhIDDEN. Merrick, Clerk of Corporation. Ada M. Coolidge, Gertrude Fletcher, W. H. Galvin. Waterbury. Supervisory Committee: R. G. Blue, J. ..... ...... ...... 31, Furniture and fixtures Due from banks and Cash trust companies H. Soliday, Anna F. 1923. Assets. Investments J. H. Fairclough, Gertrude Lorway. BALANCE SHEET, OCTOBER Loans 1910. L. L. Marie SCHERMERHORN, Credit Committee: 7, Grace President. Grace Board Began business December Liabilities $9,870 80 52,882 79 255 94 10,472 82 297 48 Shares Deposits $62,178 29 1,758 93 4,265 33 2,423 81 3,153 47 . Guaranty fund Undivided earnings Reserve fund $73,779 83 $73,779 83 Receipts and Disbursements during the Year ending October 31, 1923. Receipts. Shares Deposits Loans repaid Entrance fees Interest Fines Miscellaneous Cash on hand Oct. Disbursements. $29,340 16 1,306 65 69,490 08 96 50 4,614 98 909 67 37 59 2,017 62 . 31, 1922 Shares Deposits $18,068 46 1.246 78 73,095 20 1,498 85 93 24 2,340 98 26 59 672 85 10,770 30 . Loans made Expenses Interest paid on deposits Dividends paid Miscellaneous Guaranty fund Cash on hand Oct. 31, 1923 $107,813 25 $107,813 25 Miscellaneous. Total Expenses for Year. Salaries. Amount paid for $744.00 Rent. Advertising. Other Expenses. Total. $754 85 $1,498.85 . Membership. "Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 . Amount of entrance fee 194. 144. 1.097. 50 cents. 16 Par value Number Rate P.D. ..... $5. 12,062. fully paid of dividend, Part IV. 8, Shares. November, 1922 6%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 32. . 5%. Fifteenth day of April and October. BOSTON — LORD BEACONSFIELD CREDIT UNION. 155 CHELSEA STREET (EAST BOSTON DISTRICT). November Incorporated David Peacard, 13, 1913. Began business November A. S. Goldderg, Clerk Board of Directors: Louis Band, William Berly, Chafetz, Supervisory Committee: Eskin, I. J. of Corporation. Chafetz, A. Figur, F. Goldberg, A. Hurewitz, S. Markub, David Peacard, A. Silver. I. Credit Committee: J. 19, 1913. Louis Band, Treasurer. President. Max Green J. Rutskt. (two vacancies). BALANCE SHEET, OCTOBER .... ..... 31, 1923. .... Assets. Liabilities $50 00 Investments Loans Due from banks and trust companies 18,881 72 2,108 84 $16,676 09 Shares Deposits 1,184 38 1,910 40 924 13 Guaranty fund Profit and loss Reserve fund Other liabilities 309 42 36 14 $21,040 56 $21,040 56 Receipts and Disbursements during the Year ending October ..... .... Disbursements. Receipts. $7,552 98 Shares Deposits Loans repaid Entrance Interest 1,244 56 55,480 28 40 50 fees .... 1,912 01 263 27 Fines Miscellaneous Cash on hand Oct. 131 14 4,345 04 1922 31, 31, 19! 23. Shares Deposits Loans made Expenses $11,281 79 1,060 18 55,117 00 . 659 32 101 86 489 85 95 00 55 94 Interest paid on deposits Dividends paid Miscellaneous and loss Cash on hand Oct. Profit 31, 1923 2,1' 5 $70,969 78 $70,969 78 Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. $450.00 $73.00 Advertising. Other Expenses. Total. $659.32 $136.32 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 15. 31. . . Par value Number Rate ..... 180. $3. Shares. $5. 3,140. fully paid of dividend, November, 1922 3%. Deposits. Number of depositors 2. . Rate of interest paid during year Dates on which interest was paid . 5%. First day of Jan- uary and July. P.D. 8, Part IV. 17 BOSTON — MASSACHUSETTS CARPENTERS' CREDIT UNION. 61 COURT STREET. Began business June Incorporated June 14, 1920. Rtjfus P. Harlow, President. James A. Bresnahan, James A. Bresnahan, Board of Directors: Credit Committee: 26, 1920. Treasurer. Clerk of Corporation. J. A. Bresnahan, W. F. Boucher, F. M. Curley, E. A. Goggin, R. P. Harlow, D. A. Houle, C. H. Percival, Walter Pratt, E. G. Walker. M. Gauld, J. Supervisory Committee: J. J. N. Hodge, R. J. McDonald. G. Dunpht, E. L. Jones, A. G. Nicolson. BALANCE SHEET, OCTOBER 1923. 31, Assets. Investments Loans Suspense Liabilities •^ 3,791 14 21,929 52 2,259 00 4,444 63 Cash Shares Deposits $19,354 37 11,104 41 1,004 69 97 62 854 20 . Guaranty fund Undivided earnings Profit and loss $32,415 29 $32,415 29 Receipts and Disbursements during the Year ending October 31, 1923. .... DlSBURSEMEN TS. Receipts. Shares Deposits Loans repaid $9,929 4,565 18,079 170 2,521 73 . Entrance 54 98 25 00 02 82 40 00 8 00 2,250 00 fees Interest Fines Special deposits Miscellaneous Liquidation account Cash on hand Oct. 31, 1922 Shares Deposits Loans made Expenses $3,520 2,539 23,304 1,260 . Interest paid on deposits Dividends paid 491 340 Miscellaneous 3 Special deposits Cash on hand Oct. 31, 1923 3,512 4,444 46 88 71 04 52 14 33 64 63 1,779 74 $39,417 35 $39,417 35 Miscellaneous. Total Expenses for Year. Amount paid for . Salaries. Rent. $607.50 $260.61 Advertising. Other Expenses. $47.75 Total. $344.18 $1,260.04 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 178. 40. . 579. $1; minors, 25 cents. Par value Number Rate ..... Shares. $5. 3,870. fully paid of dividend, November, 1922 3%. Deposits. Number of depositors . Rate of interest paid during year Dates on which interest was paid 65. 3 and 3J^%. First day of No- vember, February, May August. and 18 BOSTON — METROGRA CREDIT UNION. 89 Incorporated July George J. 1, 8, Part IV. WARREN AVENUE. Began business November 1921. 1, 1921. Frank Robbins, President. Frank P.D. T. Marston, Treasurer. T. Marbtox, Clerk of Corporation. Board of Directors: Helex F. Boyd, Carrie L. Brown, E. W. Connors, G. H. Doughty, C. E. Gage, L. A. Hall, W. Q. Kinsman, F. T. Marbtox, R. C. Prebcott, Martha Qualey, C. J. Rand, G. J. Robbins, A. Margaret Sargext, G. J. Skeltox, Axxie B. Thompson. Credit Committee: G. M. Houghtox, C. A. Prince, Alvin Smith. W. H. Bonelli, Nina M. Greenwood, Supervisory Committee: F. BALANCE SHEET, OCTOBER ...... .... M. Holmes. 31, 1923. Assets. Liabilities. $187 46 278 45 43 31 Loans Due from banks and trust companies Profit and loss Shares Deposits $410 75 81 00 11 47 . Guaranty fund $509 22 $509 22 Receipts and Disbursements during the Year ending October ...... ..... ..... Disbursements. Receipts $359 25 80 05 Shares Deposits . Loans repaid Entrance fees 87 4 6 4 Interest Fines Cash on hand Oct. 31, 1923. Shares Loans made Expenses Cash on hand Oct. 31, 1923 54 60 52 13 08 275 00 6 In 278 45 . 97 19 70 31, 1922 $562 63 $562 63 Miscellaneous. Total Expenses for Year. Amount paid for ..... Rent. Salaries. Advertising. Other Expenses. - $6.18 - - ........... ........... .............. ............ ......... ............ .......... Total. $6.18 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee . . . . . . . . . 48. .1. 61. 10 cents. Shares. Par value Number Rate fully paid of dividend, November, 1922 • Number of depositors Rate of interest paid during year Dates on which interest was paid . . $5. 76. None. Deposits. . . . . . . . 2. None. None. BOSTON — METROPOLITAN CREDIT UNION. 1088 DORCHESTER AVENUE (DORCHESTER Incorporated July 26, 1917. Ralph W. Clogston, Began business April 1918. C Collins, E. N. Hinklet, Mart Hinklet, Let, Annie West, Mildred West, Ophelia Hinklet. Cameron, C. A. Pierce (one vacancy). Supervisory Committee: T. J. Davis, Sarah Davis, Treasurer. Clerk of Corporation. W. Clogston, Ellen Credit Committee: A. A. 1, Wilfred X. Hinklet, President. Wilfred N. Hinklet, Board of Directors: R. DISTRICT), W. N. Hinklet, Jr. W. N. Hink- P.D. 8, Part IV. BALANCE SHEET, OCTOBER ...... .... Assets. Loans Due from banks and trust 19 31, 1923. ijiauuiucis $760 10 110 45 companies $512 35 246 59 48 17 Shares Deposits Guaranty fund Undivided earnings and loss 18 52 44 92 Profit $870 55 $870 55 Receipts and Disbursements during the Year ending October 31, 1923. ..... ..... Rec EIPTS. DlSBURSEMEN TS. Shares Deposits Loans repaid Entrance $57 60 34 13 560 36 1 75 50 63 6 76 2 57 82 16 fees Interest Fines Miscellaneous Cash on hand Oct. 31, 1922 . $319 50 4 80 300 00 Shares Deposits Loans made Expenses . 11 18 3 86 46 17 Interest paid on deposits Dividends paid Cash on hand Oct. 110 45 31, 1923 $795 96 $795 96 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount Other Expenses. Advertising. paid for Total. $11.18 $11.18 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee . . . . . . . . . . .6. .8. ........... . . . . . . . . . 60 25 cents. Shares. Par value Number Rate $10. fully paid . . . . . . . . . . November, 1922 of dividend, 38. 12%. Deposits. Number of depositors . Rate of interest paid during year Dates on which interest was paid 21. 7%. . First . day of No- vember, Febru- May, and ary, August. BOSTON — MT. BOWDOIN CREDIT UNION. 6 ERIE STREET (DORCHESTER DISTRICT). Incorporated Joseph Zallen, May 23, 1921. Began business May 25, 1921. Edward H. Hoffman, President. S. S. Tamkin, Clerk Treasurer. of Corporation. Board of Directors: Samuel Cohen, Louis Dukst, E. H. Hoffman, Phillip Kaddish, Frank Levine, Abraham Sharaf, Arthur Sesserman, S. S. Tamkin, Joseph Zallen. Credit Committee: I. Kaplan, Morris Richman, Simon Weinstein. Supervisory Committee: Samuel Craft, Isadore Lowe, Harry Zibbel. BALANCE SHEET, OCTOBER ...... ..... 31, Assets. Loans Due from banks and trust companies Other assets 1923. Liabilities $17,113 07 4,919 61 2 19 Shares . Guaranty fund Profit and loss Reserve fund $22,034 87 $20,121 53 679 13 1,005 21 229 00 $22,034 87 20 P.D. 8, Receipts and Disbursements during the Year ending October 31, 1923. .... Receipts Disbursement.". . Shares Deposits Loans repaid Entrance .... .... Part IV. $16,590 62 29,195 57 131 00 2,256 25 76 88 10 08 2,439 55 fees Interest Miscellaneous Cash on hand Oct. 31, 1922 Shares -74 45 Loans made Expenses Dividends paid 40,040 00 1 71 459 is 15 00 4,919 61 Miscellaneous Cash on hand Oct. 31, 1923 $50,699 95 $50,699 95 Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. Advertising. Other Expenses. Total. $335.00 $185.93 $30.00 $240.78 $791.71 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 131. . 16. 290. $1. Shares. Par value Number Rate $5. . fully paid 3,940. November, 1922 of dividend, 6%. BOSTON — NAVY EMPLOYEES' CREDIT UNION. NAVY YARD (CHARLESTOWN Incorporated R. J. Dobbyn, May 28, 1917. DISTRICT). Began business June 1, President. 1917. J. J. W. C. Willwerth, Belton, Treasurer. Clerk of Corporation. Board of Directors: J. J. Belton, T. P. Breslin, J. W. Cullinane, F. E. Dodge, R. J. Dobbtn, B. F. Gately, W. Hanson, A. F. Macey, M. McKenna, W. Nichols, James Reid, W. C. Willwerth. Credit Committee: H. Dougherty, John Todson, Thomas Whittle. Supervisory Committee: J. S. Blagdon, C. S. Clifford, G. F. Hodgson. BALANCE SHEET, OCTOBER ...... .... 31, 1923. Assets. Loans Due from banks and trust companies Miscellaneous Cash Liabilities 84,328 69 804 00 20 80 1,144 96 Shares Deposits 54,448 206 901 521 . Guaranty fund 77 27 60 99 219 82 Undivided earnings and loss Profit $6,298 45 $6,298 45 Receipts and Disbursements during the Year ending October 31, 1923. .... Loans repaid Entrance fees $1,131 20 944 89 3,480 11 310 Interest Fines Investments Miscellaneous 1 . Cash on hand Oct. 31, 1922 ..... .... Disbursements. Receipts Shares Deposits 52 5 2,628 60 77 23 25 40 07 $8,554 52 Shares Deposits .... .... Loans made Expenses Guarantv fund Cash on hand Oct. 31, 1923 . $4,592 70 95- 98S 00 43 13 2 B8 1,969 76 $8,554 52 P.D. 21 Part IV. 8, Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount Advertising. Other Expenses. Total. S43.13 $43.13 paid for Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 14. 76. . . 232. .............. ............ ......... ............ .......... Shares. Par value Number Rate fully paid of dividend November, 1922 $5. 812. None. Deposits. Number Rate of depositors of interest paid during year 5. None. BOSTON — SHAWMUT CREDIT UNION. 196 Incorporated April Robert A. La Centra, Began business April Levi, L. Parker, Clerk J. Ralph Vaccaro, Treasurer. of Corporation. J. F. Krokyn, R. A. La Centra, Phineas Parker, A. R. Vaccaro. Rose Cavicchi, Charles Compiano, William Shane. BALANCE SHEET, OCTOBER .... ..... Liabilities $400 00 34,236 54 350 00 3,355 75 10 00 Furniture and fixtures ..... Due from banks and 31, 1923. .... Assets. Investments Cash 1914. Frank Genesso, Harry Mandelstam, Morris Stolow. Supervisory Committee: Loans 7, A. J. M. H. Cohen, Salvatore De Persio, Directors: Credit Committee: 1914. 7, President. Louis Board of HANOVER STREET. trust companies $38,35% $31,874 51 2,704 92 1,833 53 Shares Deposits Guaranty fund Profit and loss 1,939 33 $38,352 29 9.9 Receipts and Disbursements during the Year ending October 3 1, 1923. ..... .... DlSBURSEMEN TS. Receipts. Shares Deposits Loans repaid Entrance $11,337 3,252 74,075 54 4,492 194 3,300 23 fees Interest Fines Investment Guaranty fund Miscellaneous Cash on hand Oct. 31, 1922 85 46 53 00 37 05 00 00 1,527 61 3,052 90 . $9,848 62 547 54 81,111 13 2,152 38 58 46 Shares Deposits Loans made Expenses . Interest paid on deposits Dividends paid 1,909 30 900 16 12 00 1,404 43 3,365 75 Guaranty fund Furniture and fixtures Miscellaneous Cash on hand Oct. 31, 1923 StOt. 309 77 $101,309 77 Miscellaneous. Total Expenses for Year. Amount paid for . Salaries. Rent. $1,488.00 $380.43 Advertising. Other Expenses. $283.95 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee . . 54. 50. 256. $1. Total. $2,152.38 22 P.D. Part IV. 8, Shares. Par value Number Rate $10. 3,094. . fully paid dividend November, 1922 of Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 4. . . lirst . day of No- vember, Febru- May and ary, August. BOSTON — THE SHEPARD STORES EMPLOYEES' CREDIT UNION. WINTER STREET. 26 Began business January Incorporated July 27, 1911. Howard Wright, F. 1, 1912. George N. Dill, President. Treasurer. A. R. Sears, Clerk of Corporation. Board of Directors: G. N. Dill, Credit Committee: E. C. E. Hodges, A. R. Sears, H. F. Wright. Farrington, E. M. Supervisory Committee: J. L. Scanlon, J. W. Kennedy, J. A. A. Mitchell. A. Stanford, G. F. Sullivan. BALANCE SHEET, OCTOBER .... ..... Assets. Investments Loans Due from banks and trust companies 31, 1923. ...... ..... .... .... Liabilities. $1,755 78 1,747 67 4,624 60 Guaranty fund Profit and loss Reserve fund Interest fees 31, 1922 31, 1923. Disbursements. $866 69 10,561 28 8,248 38 .... Cash on hand Oct. 6 48 ...... ..... ..... ..... .... .... ..... Receipts. Entrance 273 42 $8,128 05 Receipts and Disbursements during the Year ending October ..... .... 6,814 51 127 61 .... $8,128 05 Shares Deposits Loans repaid $906 03 Shares Deposits 13 10 283 08 6,210 19 . $756 83 Shares Deposits 9,878 8,946 64 92 Loans made Expenses Interest paid on deposits Dividends paid Guaranty fund Investments Cash on hand Oct. 31, 1923 17 48 48 71 23 67 40 00 1,755 78 4,624 60 . $26,182 72 $26,182 72 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount Other Expenses. Advertising. - - $25.00 paid for $39.48 ........... .......... ........... .............. ............ ......... .......... ......... Total. $64. 4S Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 131. 95. 162. 10 cents. Shares. Par value Number Rate fully paid of dividend, November, 1922 $5. 111. 8^. Deposits. Number of depositors . . Rate of interest paid during year Dates on which interest was paid . . . . . . . . . .116. 5°^. Last day of November, February, May and August. P.D. BOSTON — SOCIAL SERVICE CREDIT UNION. 39 NORTH BENNET STREET. Incorporated August 19, 1921. George 23 Part IV. 8, Began business September 1, 1921. Joseph Campana, Treasurer. C. Greener, President. Helen M. Fopiano, Clerk of Corporation. Board of Directors: Joseph Campana, J. E. Cassassa, Raymond Castagnola, Helen M. Fopiano, G. C. Greener, Mary E. Gregor, C. J. Harvey, J. P. McGaffigan, H. L. Shattuck, Alice M. Sturgis, Jennie L. Swartzman. Credit Committee: F. M. Collins, Mary Supervisory Committee: L. L. T. McCabe, J. D. Zolla. Campana, Joseph Santapatjla, BALANCE SHEET, OCTOBER ..... H. Shea. J. 31, 1923. ..... .... Assets. Liabilities. Loans Due from banks and trust companies $4,321 00 758 56 j $4,311 25 Shares Deposits 442 37 135 37 190 57 Guaranty fund Profit and loss $5,079 56 $5,079 56 Receipts and Di sburs ements during the Year ending October 31, .... ..... .... Disbursements. Receipts Shares Deposits Loans repaid Entrance 75 67 00 00 380 21 8 70 354 91 $4,794 1,298 9,901 41 fees Interest Miscellaneous Cash on hand Oct. 19!23. 31, 1922 Shares Deposits $2,883 75 .... Loans made Expenses 961 30 11,965 00 140 03 10 67 59 93 758 56 . on deposits Interest paid Dividends paid Cash on hand Oct. 31, 1923 . $16,779 24 $16,779 24 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount Advertising. Total. Other Expenses. $140.03 $140.03 paid for Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 164. . 37. . Par value Number Rate 243. 25 cents. ..... Shares. $5. fully paid of dividend, 754. November, 1922 6%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 4. . 5%. First day of Jan- uary and July. BOSTON — SOUTH END CREDIT UNION. 15 FLORENCE STREET. Incorporated June 28, 1921. Abraham Rosen, President. Martha Kreigsman, Acting Began business July Max 24, 1921. Starr, Treasurer. Samuel Clerk of Corporation. S. Hurst, Assistant Treasurer. Board of Directors: T. P. Beal, Jr., Israel Cherry, Howard Coonley, Joseph Frank, Philip Franklin, Hyman Ginsburg, S. S. Hurst, Jack Pukatch, Abraham Rosen, Henry Rosen, Joseph Rosen, Joseph Rosenburg, Albert Silverman, Max Starr. Credit Committee: Martha Kreigman, George Libertow, Supervisory Committee: Samuel Barshak, B. Goldman, G. Soroka, F. E. Edward Nicklaus. Speigel. 24 BALANCE SHEET, OCTOBER ...... P.D. Asset*. Loans trust Part IV. Liabilities. Shares ¥3,209 07 23 oo 1,974 31 Furniture and fixtures Due from banks and 8, 1923. 31, companies $4,794 84 158 60 . Guaranty fund Profit and loss 202 47 45 97 5 2J Reserve fund Miscellaneous $5,206 98 $5,206 98 Receipts and Disbursements during the Year ending October 31, 1923. .... Receipts Shares Loans repaid Entrance fees Interest Fines Dividends unpaid . Cash on hand Oct. 31, 1922 ..... .... Disbursements. $4,852 90 7,705 83 29 00 395 29 1 88 60 Shares $2,1" .... Loans made Expenses Dividends paid Furniture and fixtures 9,17 124 70 7- r~ 23 00 4 20 1,974 31 Miscellaneous Cash on hand Oct. 659 47 31, 1923 . $13,644 97 $13,644 97 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid for Advertising. Total. Other Expenses. $50.00 $13350 $83.50 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 116. . 79. . Par value Number Rate 202. 25 cents. ..... fully paid of dividend, November, Shares. $5. 897. 1922 8%. BOSTON — STATE EMPLOYEES' CREDIT UNION. ROOM Incorporated April 4, 121, STATE HOUSE. 1921. Began business May 1, 1921. Jennie G. Luke, Treasurer. (Office vacant), President. Grace L. Grover, Clerk of Corporation. Board of Directors: Grace L. Grover, L. A. Harris, Annie M. Hennessy, Jennie G. Luke, E. E. Nyman, Credit Committee: P. W. Powers, Edwin Corwin, Supervisory Committee: Isbel B. Z. Rowell, C. G. Witcher (one vacancy). T. T. Foster, T. Horan W. Greehan, William J. T. Ward. (two vacancies). BALANCE SHEET, OCTOBER 31, 1923. Liabilities Assets. Loans Cash Shields, $5,233 23 411 65 Shares Deposits . Guaranty fund Profit and loss Reserve fund $5,644 88 £3,641,34- 78 197 79 192 43 263 44 $5,644 88 P.D. 8, 25 Part IV. Receipts and Disbursements during the Year ending October 31, 1923. .... .... ..... Receipts Disbursements. Shares Deposits $2,104 94 826 93 Loans repaid Entrance fees Interest Fines Cash on hand Oct. Loans made Expenses 6,972 01 10 50 701 18 36 16 1,080 06 31, 1922 ? 1,437 75 Shares Deposits Interest paid 953 86 8,385 00 . 283 25 69 68 159 27 31 32 411 65 on deposits Dividends paid Miscellaneous Cash on hand Oct. 31, 1923 $11,731 78 $11,731 78 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid for Advertising. Other Expenses. Total. $283 25 $66.25 $217.00 . Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 49. 42. 136. 25 cents. . Par value Number Rate ..... Shares. $5. fully paid of dividend, 355. November, 1922 7%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 12. . 5%. day First of No- vember, February, May and August. BOSTON — TELEPHONE WORKERS' CREDIT UNION. ROOM Incorporated March Charles F. Donahoe, MILK STREET. 105, 119 3, 1917. Began business March 24, 1917. Ned President. Frederick E. Cox, C. Loud, Treasurer. Clerk of Corporation. Board of Directors: G. A. Bussey, F. E. Cox, H. B. Crawford, A. M. Dittmer, C. F. Donahoe, M. C. Hickey, H. H. Hyman, J. C. Keating, H. V. Keefe, N. C. Loud, C. Mariner, E. T. Shanney, J. W. Slavin, J. A. Tierney, T. Van Tassel. Credit Committee: W. L. Broder, G. S. Supervisory Committee: J. E. Gibbons, Drew, W. N. Schaetzel. H. A. Marsh, A. E. Whitton. BALANCE SHEET, OCTOBER ..... ...... 31, 1923. Assets. Investments Loans Furniture and fixtures Due from banks and Cash trust companies Liabilities $192,112 68 307,463 50 1,483 77 42,050 38 3,788 27 $546,887 60 Shares Deposits . Guaranty fund Undivided earnings Profit and loss Christmas Club $252,539 59 191,111 40 11,063 6,744 23,102 62,327 13 07 41 00 $546,887 60 P.D. 26 Part IV. 8, Receipts and Disbursements during the Year ending October 31, 1923. Disbursements. Receipts. -162,642 26 Shares Deposits Loans repaid . Entrance 275,875 529,292 309 42,894 4,954 73,845 269,439 37,029 fees Interest Fines Christmas Club Investments Cash on hand Oct. 31, 1922 . 11 65 46 48 38 00 14 87 $104,452 39 47 73 Shares Deposits Loans made Expenses 10.017 18 Interest paid on dt-; 13,337 13 11,518 00 403.S71 71 Dividends paid Vacation Club Furniture and fixtures Guaranty fund 383,630 57 45,847 65 Investment Cash on hand Oct. 31, 1923 $1,396 282 35 M $1,396,282 Miscellaneous. Total Expenses fob Year. Rent. Salaries. Amount paid for Advertising. Other Expenses. Total. $121.55 $2,218.36 $10,617.18 $8,277.27 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 1.635. 1.979. 5,290. 10 cents. . Par value Number Rate ..... fully paid of dividend, November, Shares. 15. 46,773. 1922 ............ .......... ........ Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 2,686. 5%. First day of No- vember, February. May and August. BOSTON — TRADERS' CREDIT UNION. TREMONT STREET. 18 Incorporated July Hector M. Holmes, 11, 1914. Began business Oct. of Directors: P. Credit Committee: D. Supervisory Committee: W. Atres, F. C. W. Birtwell, L. H. Bonelli, E. H. Hadlet, J. L. G. Brooks, H. M. Holmes. L. Holland, Oscar Lindegren. ..... ...... 31, Furniture and fixtures Liquidation account trust companies 1923. Liabilities Assets. Cash Jr., Mockler, C. C. Ramsay, F. R. Sawyer. Investments Due from banks and Treasui Clerk of Corporation. BALANCE SHEET, OCTOBER Loans 1914. Charles W. Blrtwell, President. Charles W. Birtwell, Board 7, $30 00 11,707 80 525 42 694 25 471 50 Shares Deposits . Guaranty fund Profit and loss $7,266 601 5,229 64 1,574 23 402 66 1,044 16 $14,473 13 $14,473 13 P.D. 8, 27 Part IV. Receipts and Disbursements during the Year ending October 31, 1923. ..... Disbursements. Receipts $5,553 8,272 36,219 59 2,946 Shares Deposits Loans repaid . Entrance fees Interest Fines Liquidation account 1,051 Suspense 173 189 Expense Cash on hand Oct. 316 329 31, 1922 Shares Deposits 14 39 04 00 92 73 57 73 37 85 Loans made Expenses .... .... on deposits Notes payable Liquidation account Furniture and fixtures Guarantv fund Undivided earnings Cash on hand Oct. 31, 1923 Interest paid $13,270 14,939 20,124 3,124 687 54 67 45 47 23 500 87 256 22 583 00 69 37 25 41 1,515 66 . $55,111 74 $55,111 74 Miscellaneous. Total. Expenses for Year. Amount paid for Salaries. Rent. $2,015.88 $652.73 Advertising. Other Expenses. $455.86 Total. $3,124.47 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 59. 193. . 320. 50 cents and 25 cents. $1, Shares. Par value Number Rate $5. 1,261. . fully paid of dividend, November, 1922 None. ............ .......... ......... Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 59. 6%. First day of Nov., Feb., and May Aug. BOSTON — UNION WORKERS' CREDIT UNION. 634 Incorporated April LITTLE BUILDING. 4, Began business April 1921. 20, 1921. Jason W. Collins, President. Harry Harry L. Haskell, Treasurer. L. Haskell, Clerk of Corporation. Board of Directors: T. C. Brodigan, J. W. Collins, H. W. L. Dana, F. P. Fenton, H. P. Grages, T. F. Hennessey, H. L. Haskell, R. N. Marginot, M. A. Murphy, C. S. Parnell, J. M. Shea, Maud F. Van Vaerenwyck, Celia J. White, A. D. Sheffield (one vacancy). Credit Committee: Daniel Leary, Henry Wise Supervisory Committee: J. (one vacancy). W. Armstrong, James Faulkner, M. BALANCE SHEET, OCTOBER ...... Assets. Loans Due from banks and trust companies F. Monahan. 31, 1923. ..... .... Liabilities. $1,729 83 712 89 Shares Deposits Guaranty fund Undivided earnings Profit and loss Reserve fund $2,442 72 $1,680 63 479 09 112 02 50 63 55 43 64 92 $2,442 72 28 P.D. Part IV. 8, Receipts and Disbursements during the Year ending October 31, 1923. ..... .... DlSBURSEME. Receipts. Shares Deposits Loans repaid $837 56 481 69 2,109 02 11 00 198 75 32 68 57 888 69 . Entrance fees Interest Fines Guaranty fund Cash on hand Oct. 1922 31, Shares Deposits $660 08 .... ... Loans made Expenses Interest paid on deposits Dividends paid Ca3h on hand Oct. 31, 1923 47 2,598 00 11 11 38 54 712 89 . $4,559 96 $4,559 96 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid for Advertising. Other Expenses. $25.00 Total. $40.81 $65.81 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 22. . Par value Number Rate 9. 83. 50 cents. ..... Shares. $5. fully paid of dividend, 336. November, 1922 8%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 8. . S day of Nov and May. First BOSTON — WALWORTH CREDIT UNION. 800 FIRST STREET SOUTH BOSTON DISTRICT Incorporated January Raymond Henchey, E. 4, 1921. Began . business January- 6, 1921. Frederick O. Watt, President. Frederick O. Watt, Clerk oj Treasurer. Corporation. Brungardt, R. K. Buxton*, John David, R. E. Henchet, Josephine Kaxe, T. Lanman, C. F. Lundborn, William McFadd, W. P. Murphy, D. F. O'Connor, W. A. Podolski, A. G. Tessier, F. O. Watt, W. H. Weber, Janet Wteski. Board of Directors: A. O. J. Credit Committee: R. B. Supervisory Committee: Currier, C. F. Fellows, V. J. Plaxskt. Ralph Hemenway, G. A. Ricker, C. G. Stickney. BALANCE SHEET, OCTOBER Assets. Loans Due from banks and . . trust companies 31, 1923. ..... .... Liabilities. $6,279 68 15,818 92 Shares Deposits $5,310 30 15,410 53 402 09 461 67 4S25 95 Guarantv fund Undivided earnings Profit and loss Reserve fund .... $22,098 60 $22,098 60 Receipts and Disbursements during the Year ending October . Entrance Interest . .... . . . fees . Cash on hand Oct. S3, 233 21,653 18,017 32 25 21 42 . 75 1,309 62 31, 1922 45 38 8,070 57 Fines ..... .... Disbursements. Receipts. Shares Deposits Loans repaid 31, 19!13. $52,362 20 Shares Deposits Loans made Expenses Interest paid .... .... $2,? 15. . - I 544 48 237 30 76 96 on deposits Dividends paid Guaranty fund Cash on hand Oct. 31, 1923 1 17,936 S5 16S 01 15. v $52,362 20 P.D. 8, 29 Part IV. Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount - paid for Advertising. - Other Expenses. Total. S168.01 $168.01 - Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 130. 131. 340. 25 cents. . .... Par value Number Rate Shares. fully paid of dividend, November, 1922 1,062. 7%. Deposits. Number of depositors . Rate of interest paid during year which interest was paid on Dates 157. 5%. First day of January, April, July and October. BOSTON — WARREN CREDIT UNION. 345 BLUE HILL AVENUE (ROXBURY DISTRICT). Incorporated November 29, 1921. David Yabovitz, of Directors: B. 19, 1921. Louis Siegel, Treasurer. President. Solomon Waters, Board Began business December Bloom, M. Bloom, J. Clerk of Corporation. Medverb, Louis Siegel, M. Waters, S. Waters, D. Yabo- vitz. Credit Committee: L. Fox, B. Kovitz, Supervisory Committee: M. Liberman. John Goldberg, E. Segal, William Young. BALANCE SHEET, OCTOBER ...... ..... Furniture and fixtures Due from banks and trust companies Other assets 1923. .... Assets. Loans 31, Liabilities $18,809 72 120 57 696 31 10 00 Shares Deposits $16,092 57 1,060 00 849 14 Guaranty fund Undivided earnings Profit and loss 32 40 1,478 75 116 07 7 67 Reserve fund Other liabilities $19,636 60 $19,636 60 Receipts and Disbursements during the Year ending October 31, 1923. .... .... Receipts Shares Deposits Loans repaid Entrance fees Interest Fines Furniture and fixtures Miscellaneous Cash on hand Oct. 31, 1922 Disbursements. $11,439 76 390 00 32,664 28 110 00 3,057 21 39 87 245 47 149 05 1,599 18 Shares Deposits $3,749 44 . Loans made Expenses . Interest paid on deposits Dividends paid Furniture and fixtures Miscellaneous Cash on hand Oct. 31, 1923 $49,694 82 687 00 42,636 00 1,443 10 26 92 200 58 120 57 134 90 696 31 $49,694 82 Miscellaneous. Total Expenses for Year. Amount paid for . Salaries. Rent. $500.00 $387.21 Advertising. Other Expenses. $555.89 Total. $1,4:33. 10 30 P.D. Part IV. 8, Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee no. . Par value Number Rate 33. 304. $1. ..... Shares. $5. 3,029. fully paid November, 1922 of dividend, 6%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 2. . day of No- First vember, February, May and August. BOSTON — WEST END CREDIT UNION. CHAMBERS STREET. 62 Incorporated Max May 10, 1912. Lons Kandall, Dollin, President. Alexander Elman, Board Began business June 22, 1912. of Directors: Credit Committee: Bessie Dameshek, Max Dollin, Alexander Elman, Max Forman, C. D. Golub, Locis Kandall, Sam Kaplan (one vacancy). I. Nathan Krassin, 31, 1923. Assets. Liabilities $125,964 2,319 5,689 9,013 . Furniture and fixtures Cash . . 61 62 Shares Deposits 66 32 Guaranty fund $118,810 33 5,939 80 8,821 33 2,068 74 6,475 76 735 74 135 51 . Undivided earnings and loss Reserve fund Other liabilities Profit $142,987 21 $142,987 21 Receipts and Disbursements during the Year ending October .... .... 31, 1923. Disbttrsemen TS. Receipts $49,801 20 13,333 79 272,630 54 Shares Deposits Loans repaid Entrance Goldfarb, R. L. Trachtenberg (one vacancy). BALANCE SHEET, OCTOBER Other assets Max Dameshek, H. H. Levine, E. T. Togo, Harry Welner. Supervisory Committee: Loans Treasurer. Clerk of Corporation. 151 00 12,737 65 1,633 23 fees Interest Fines Transfer fees Furniture and fixtures 00 125 00 615 35 14,429 53 1 Other assets Cash on hand Oct. 31, 1922 . Shares Deposits $85,756 11,868 242,157 5,062 . Loans made Expenses . Interest paid on deposits Dividends paid 387 83 2,6. 2,011 34 Guaranty fund 862 46 Miscellaneous Liquidation account Cash on hand Oct. 5,689 66 9,013 32 31, 1923 $365,458 29 $365,458 29 Miscellaneous. Total Expenses for Year. Salaries. Amount paid for . . $3,325.00 Rent. S969.64 Advertising. Other Expenses. $768.05 Membership. Number added during year Number withdrawn during year Number of members Oct. 31, 1923 Amount of entrance fee . 80 96 07 69 151. 264. 1.073. Si. Total - P.D. Par value Number Rate 31 Part IV. 8, ..... Shares. fully paid of dividend, 23,732. November, 1922 2%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 30. . 6%. First day of No- vember, February, May and August. BOSTON — WHITSON CREDIT UNION. 570 RUTHERFORD AVENUE (CHARLESTOWN Incorporated James H. Dunn, Board March 5, 1915. DISTRICT). Began business March 20, 1915. Harry W. Davis, President. Harry W. H. Dunn, H. W. Davis, of Directors: J. M. Credit Committee: T. Martha Mead, A. E. Richardson, Supervisory Committee: C. Treasurer. Davis, Clerk of Corporation. J. S. Gallagher, G. H. Harmon, T. P. Wallace. H. Sullivan. Jeannette Barber, A. B. Chapin, W. H. Lang. BALANCE SHEET, OCTOBER ..... ...... 31, 1923. Assets. Investments Loans Due from banks and trust companies Liabilities $3,958 87 12,126 11 2,912 97 Shares Deposits $8,185 03 9,456 35 797 98 . Guaranty fund and loss 558 59 Profit $18,997 95 $18,997 95 Receipts and Disbursements during the Year ending October 31, 1923. .... ..... .... Disbursements. Receipts $4,189 82 12,618 60 9,865 40 10 50 882 35 5,411 73 57 34 2,423 92 9,997 08 Shares Deposits Loans repaid Entrance fees Interest Investments Liquidation account Miscellaneous Cash on hand Oct. 31, 1922 . Shares Deposits Loans made Expenses $4,968 39 11,994 83 12,803 00 62 27 243 05 625 37 9,365 60 2,853 94 2,540 29 .... .... .... Interest paid on deposits Dividends paid Investments Miscellaneous Cash on hand Oct. 31, 1923 . $45,456 74 $45,456 74 Miscellaneous. Total Expenses for Year. Salaries. Amount paid for Rent. Advertising. Other Expenses. $62.27 . Total. $62 27 . Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 21. 22. 102. 50 cents. . Par value Number Rate ..... Shares. $5. fully paid of dividend, 1,600. November, 1922 8%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid . 38. Last day of January, April, July and October. 32 142 Incorporated David P.D. BROCKTON — BROCKTON CREDIT UNION. S. Brodeur, March Part IV. 8, MAIN STREET. 27, 1917. Began business March 31, 1917. Daniel President. Louis Lulow, Clerk S. Tablow, Treasurer. of Corporation. Board of Directors: Edwin Adams, Alphonse Allaire, D. S. Brodeur, Charles Feldman, Onesime Gladue, B. Hollman, Louis Lulow, Wm. Marlow, Frank McKeague, Joseph Ott, Dennis Reagan, B. F. Smith, D. S. Tarlow, W. S. Weston. Credit Committee: Fred Counter, Hugo DiSalle, H. E. Garner, Leonard Gustafson, James Holland, Eugene Lamothe. A. A. Golding, Charles Mullins, Samuel Stone. Supervisory Committee: BALANCE SHEET, OCTOBER .... 1923. 31, Assets. Loans . Furniture and fixtures Due from banks and trust companies Cash Liabilities $66,789 59 843 89 7,324 67 451 44 Shares Deposits $53,342 90 6,075 07 2,737 41 343 77 3,111 44 . Guaranty fund Undivided earnings Profit and loss 492 50 9,306 50 Reserve fund Christmas Club deposits $75,409 59 $75,409 59 Receipts and Disbursements during the Year ending October ..... .... Disbursements. Receipts. Shares Deposits $35,679 24,227 87,976 134 6,725 . Loans repaid Entrance fees Interest . Christmas fund Cash on hand Oct. 49 58 Shares Deposits 83 50 50 Loans made Expenses 577 17 92 98 11,740 20 Fines Miscellaneous 31, 1922 31, 1923. 5,526 65 80 39 09 36 50 32 1,741 283 12 50 131 00 $15,727 24,729 110,722 2,431 421 .... .... ..... .... Interest paid on deposits Dividends paid Interest refunded . Fines Fixtures Christmas funds and loss Cash on hand Oct. 8,634 71 82 00 7,776 11 Profit 31, 1923 . $172,680 90 $172,680 90 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount $1,200.00 paid for S475.41 Advertising. $66.00 TotaL $2,431.36 Other Expenses. $689 95 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee Par value Number ..... 269. 28. S75. 50 cents. Shares. $5. 10,338. fully paid Rate of dividend, November, 1922 7^c- Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid - . Nov. 1, May 1, Feb. Aug. 1, 1. P.D. 8, Part IV. BROCKTON — BROCKTON POSTAL EMPLOYEES' CREDIT UNION. CRESCENT STREET. 43 Incorporated January Lawrence 5, Began business January 1923. of Directors: Credit Committee: 17, 1923. Thomas T. Briggs, President. Thomas Board J. J. Barry, Treasurer. Barry, Clerk of Corporation. G. A. Barry, T. J. Barry, L. T. Briggs, E. N. Godbout, T. A. Grant, G. W. Harrub, B. F. Hartford, Evelyn D. Hooper, J. J. Murphy. L. M. Bates, R. Supervisory Committee: J. M. Cameron, John Rooney. W. Robinson, Pearl Rolerson, Fred Williams. L. BALANCE SHEET, OCTOBER ...... ...... 31, 1923. Assets. Liabilities $1,567 00 Shares Deposits $2,066 36 344 96 17 30 Loans Due from banks and trust companies Cash . 709 48 52 23 99 91 Guaranty fund Profit and loss $2,428 62 $2,428 62 Receipts and Disbursements during the Year ending October Disbursements. $1,660 00 1,170 69 1,918 69 27 25 190 11 . fees Interest Fines 31, 1923. ..... .... Receipts. Shares Deposits Loans repaid Entrance 33 Shares Deposits Loans made Expenses on deposits Cash on hand Oct. 31, 1923 Interest paid 32 . $93 00 .... .... 461 21 3,985 05 56 02 9 52 362 26 . $i.9V7 06 $4,967 06 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount Advertising. Other Expenses. Total. $56.02 paid for $56.02 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 109. . 3. . Par value Number Rate 106. 25 cents. ..... fully paid of dividend, November, Shares. $5. 290. None. 1922 Deposits. Number of depositors Rate of interest pair during year Dates on which interest was paid 13. . 5%. May 1, Aug. 1. BROCKTON — CRESCENT CREDIT UNION. 195 Incorporated June Benjamin Richman, CRESCENT STREET. 18, 1919. of Directors: Credit Committee: 1, 1919. Harry Tarlow, President. Esther Seligman, Board Began business July Treasurer. Clerk of Corporation. Louis Altman, M. Miller, William Richman, Aaron Rosen, Henry Shacter, David Shedlesky, Jacob Simon. Louis Altman, B. Miller, A. B. Yaffe. Supervisory Committee: B. B. Hollman, J. A. Rankin, Adolph Rosen. 34 P.D. BALANCE SHEET, OCTOBER ...... Part IV. 8, 1923. ...... Assets. Loans Due from banks and trust companies Deposits in savings banks 31, Liabilities. $90,773 34 3,214 44 2,984 84 Shares Deposits $52,371 30 29,241 57 Guaranty fund 4,13 1,017 71 Undivided earnings Profit and 3,199 38 loss Reserve fund Christmas Club deposits 707 28 LI 75 $96,972 62 $96,972 62 Receipts and Disburs ements during the Year ending October ...... Receipts. Shares Deposits Loans repaid Entrance fees Interest Fines 19 23. 31, Disbursements. 46 $33,145 48,400 159,254 45 8,576 Shares Deposits . Guaranty fund Miscellaneous Christmas Club fund Deposits in banks Cash on hand Oct. 31, 1922 . $23,018 09 41,530 15 181,796 36 . 54 85 51 56 1,083 68 35 88 9 47 6,327 50 2,036 95 662 15 Loans made Expenses .... . Interest paid 2,2' on deposits Dividends paid Interest refunded on loans Deposit in savings bank Christmas Club fund Cash on hand Oct. 31, 1923 1,598 66 2,154 68 334 61 2,984 84 . . 3,214 44 . $259,578 55 $259,578 55 Miscellaneous. Total Expenses for Year. Amount paid for . Salaries. Rent. $1,050.00 $216.00 Advertising. Other Expenses. $985.50 Total. $2,251.50 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 182. 53. . Rate 25 cents. ..... Par value Number 929. Shares. $5. fully paid of dividend, 10,474. - November, 1922 Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 235. . 6 cJan. 1, July 1. CAMBRIDGE — BLAKE-KNOWLES CREDIT UNION. 265 Incorporated December Thomas I. THIRD STREET. 13, 1920. Began business December 17, 1920. Garrett Simpson, President. L. Sullivan, Treasurer. (Office vacant), Clerk of Corporation. Board 'of Directors: J. E. T. Credit Committee: I. Bulger, A. M. Everett, Gustaf Frtkman, C. F. Leary, Patrick O'Mahont, Simpson, G. L. Sullivan, William Willlvms (one vacancy). Thomas Gard, William Haynes Supervisory Committee: A. F. Dole, J. B. Klein, J. (one vacancy). M. Rice. BALANCE SHEET, OCTOBER ..... ...... 31, Assets. Investments Loans Due from banks and trust companies Cash 1923. Liabilities $6,173 3,181 2,613 37 34 22 58 27 $12,005 41 Shares Deposits . Guaranty fund and loss Profit 00 20 26 229 95 •»0 14 : $12,005 41 P.D. 8, Part IV. 35 Receipts and Disbursements during the Tear ending October 31, 1923. ..... Receipts. Shares Deposits Loans repaid Entrance Disbursements. .... .... fees Interest Fines Cash on hand Oct. 1922 31, . . $1,872 12,961 8,644 37 25 12 00 49 550 60 32 82 2,623 24 Shares Deposits Loans made Expenses $1,112 9,821 10,680 67 25 90 72 48 342 92 85 30 . Interest paid on deposits Dividends paid Investments Cash on hand Oct. 31, 1923 1,960 10 2,650 85 . $26,721 52 $26,721 52 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount Advertising. Other Expenses. paid for Total. $67.48 $67.48 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 135. 63. 226. 25 cents. . . Par value Number Rate ..... Shares. $5. fully paid of dividend, 530. November, 1922 6%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 158. . 53^%. Nov. Feb. 1, May 1, Aug. 1, 1. CAMBRIDGE — CENTRAL CREDIT UNION. 12 HOWARD Incorporated April 27, 1921. Mat STREET. Began business Nov. Clara M. Tubman, Celia Brothers, Anna Frim, Tilly Rabinovitz. Supervisory Committee: Eva Greengrass, Nellie H. Mannos, Lena Welch. BALANCE SHEET, OCTOBER 31, 1923. Liabilities Assets. Loans Due from banks and trust companies . . Treasurer. Clerk of Corporation. Annie Becker, Annie Callum, Nettie Goldberg, Rebecca Mannos, Clara M. Tubman, May Zarling. of Directors: Credit Committee: 1921. Clara M. Tubman, Zarling, President. Board 1, . . . $4,840 00 43 18 Shares $4,359 30 171 03 . Guaranty fund Undivided earnings Profit and loss 1 14 351 71 $4,883 18 $4,883 18 Receipts and Disbursements during the Year ending October 31, 1923. ..... .... ..... Loans repaid Entrance fees Interest Fines Miscellaneous Cash on hand Oct. 31, 1922 . ..... .... Disbursements. Receipts. Shares $3,030 50 6,314 00 11 50 622 00 14 28 30 86 20 $10,078 78 Shares Loans made Expenses .... Dividends paid Cash on hand Oct. 31, 1923 . $1,197 8,488 196 153 30 00 66 64 43 18 $10,078 78 36 P.D. Part IV. 8, Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. Advertising. $100.00 $77.50 - Other Expenses. Total. $19. Hi $19 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 23. . 4. 50 cents. Shares. Par value Number Rate of . . . . $5. . fully paid dividend, November, 1922 CAMBRIDGE — PROSPECT CREDIT UNION. 760 MASSACHUSETTS AVENUE. Began business February Incorporated February 14, 1921. John R. Wilson, Board Denis F. Mockler, President. William Daley, of Directors: 26, 1921. Joseph Celi, William Daley, David Lezberg, D. F. Mockler, Joseph Paris, M. J. Rasley, Charles Robeck, J. E. Wall, J. R. Wilson. Credit Committee: J. P. Malone, C. V. MacCallum, Supervisory Committee: Albert Evans, H. J. I. W. Olson. McGinness, T. H. Raymond. BALANCE SHEET, OCTOBER ..... Assets. Investments Due from banks and trust companies 31, 1923. .... Liabilities $7,015 44 343 80 Shares Deposits $5,306 84 1,332 54 217 50 9 94 20 53 Guaranty fund Undivided earnings Profit and loss n Reserve fund $7,359 24 $7,359 24 Receipts and Disbursements during the Year ending October Disbursement?. $3,501 3,160 9,093 10 . Interest Fines Miscellaneous 31, 12 70 06 40 698 82 43 52 5 17 398 08 fees Cash on hand Oct. 1923. 31, ..... .... Receipts. Shares Deposits Loans repaid Entrance Treasurer. Clerk of Corporation. 1922 Shares Deposits $3,330 3,346 9,280 333 53 223 .... .... Loans made Expenses 00 44 41 45 343 SO Interest paid on deposits Dividends paid . Cash on hand Oct. 31, 1923 13 64 . $16,910 87 $16,910 87 Miscellaneous. Total Expenses for Year. Salaries. Amount paid for $168.00 . Rent. Advertising. $26.33 $13.50 Other Expenses. $125.61 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee . . 44. 33. 140. 25 cents. Total. $333.4^ P.D. 8, Par value Number 37 Part IV. ..... Shares. 5o. 1,014. fully paid Rate of dividend, November, 1922 7%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 24. . 5%. . First day of No- vember, February, May and August. CHELSEA — WINNISIMMET CREDIT UNION. 232 Incorporated November Hyman 2, BROADWAY. 1920. Began business November 2, 1920. Max Silbert, President. Starnel, Treasurer. B. Schwartz, Clerk of Corporation. Board of Directors: B. Feingold, M. Gesser, H. Goldman, A. Gordon, A. Reisberg, M. Starnel, H. Silbert, B. Schwartz, M. Zimerman. Credit Committee: I. Barron, H. L. Levine, L. M. Weiner. Supervisory Committee: H. E. Brodie, I. S. Brodie, E. Figler. BALANCE SHEET, OCTOBER ...... ..... 1923. 31, Assets. Loans Furniture and fixtures Due from banks and trust companies Other assets Liabilities $4,838 35 829 60 04 00 Shares $5,242 168 191 160 . 18 Guaranty fund Profit and loss 94 Reserve fund $5,763 16 11 70 46 89 $5,763 16 Receipts and Disbursements during the Year ending October 31, 1923. $2,463 35 11,033 96 Loans repaid Entrance fees 12 00 714 18 29 87 25 76 258 34 Interest Fines Transfer fees Miscellaneous Cash on hand Oct. 31, 1922 ..... .... Disbursements. Receipts Shares Shares $754 25 .... Loans made Expenses Dividends paid 12,434 00 346 18 88 16 60 94 829 18 Miscellaneous Cash on hand Oct. 31, 1923 . $14,512 71 $14,512 71 Miscellaneous. Total Expenses for Year. Rent. Advertising. $84.00 $62.24 Salaries. Amount $141.00 paid for Other Expenses. $58.94 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 59. 20. 152. $1. . Par value Number Rate ..... fully paid of dividend, November, 1922 Shares. $5. 1,002. 3H%. Total. S346.18 38 P.D. CHICOPEE — POLISH NATIONAL CREDIT UNION. EXCHANGE STREET. 222 Incorporated July 19, 1921. Began business September Joseph A. Nowak, President. 1921. 1, Felix Jacob Part IV. 8, J. S. Furtek, Treasurer. Sitnik, Clerk of Corporation. Board of Directors: Wojciech Bieda, F. S. Furtek, Ludwik Garczynski, A. W. Zentoch, J. P. Kosiba, Ignacy Kowalski, Frank Kucab, John Kustra, Tadeusz Marczak, J. A. Nowak, Anto zajca, Michael Praizner, Wojciech Rodzen, Stanislaw Sitarz, J. J. Sitnik. Credit Committee: Ludwik Bizon, Felix Modzelewski, Stefan Swierczynbki. Supervisory Committee: Jacob Brach, Stanislaw Kowalewski, Mieczyblaw Ossolinski. BALANCE SHEET, OCTOBER ...... Liabilities $48,459 204 2,968 27 Furniture and fixtures Due from banks and 1923. .... Assets. Loans 31, trust companies Cash 50 63 73 45 Shares Deposits $4,038 45,309 614 611 90S Guaranty fund Undivided earnings Profit and loss Reserve fund Receipts and Disbursements during the Year ending October Interest Fines DlSBURSEMEN TS. $1,723 67,936 44,695 62 4,156 102 3,455 fees Cash on hand Oct. 31, 1923. .... Receipts Shares Deposits Loans repaid Entrance 18 23 21 $51,660 31 $51,660 31 .... .... 75 31, 1922 60 31 00 75 92 28 34 *442 00 44/ 70,853 00 1,425 50 1,313 67 105 95 163 13 204 63 2,996 18 Shares Deposits Loans made Expenses . Interest paid on deposits Dividends paid Miscellaneous Furniture and fixtures Cash on hand Oct. 31, 1923 $122,132 20 $122,132 20 Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. Advertising. $820.00 $280.00 $59.50 Other Expenses. ........... ........... .............. ............ ......... ............ .......... ......... Total. $1,425.50 $266.00 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee . . . . . . . . . 251. .83. 524. 25 cents. Shares. Par value Number fully paid Rate of dividend, November, 1922 $5. 789. 6^. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 36S. o'yFirst day of No- vember, February, May and August. P.D. Part IV. 8, 39 FITCHBURG — FITCHBURG CREDIT UNION. BOUTELLE STREET. 28 Incorporated April Harry M. Nathanson, 4, 1921. Began business April 13, 1921. Morris Levine, President. Treasurer. Julius Miller, Clerk of Corporation. Board of Directors: Morris Levine, Morris Lewis, Julius Miller, H. M. Nathanson, Nathan Salny. Alter Chiate, David Segal, Meyer Slominsky. Credit Committee: David Borowsky, David Goldberg, Nathan Miller. Supervisory Committee: BALANCE SHEET, OCTOBER Assets. Loans Cash 31, 1923. ..... Liabilities. $8,121 00 941 52 73 14 . Investments Shares $8,190 00 355 23 Guaranty fund 86 17 499 26 5 00 Undivided earnings and loss Other liabilities Profit $9,135 66 $9,135 66 Receipts and Disbursements during the Year ending October Disbursements. Receipts. Shares Deposits Loans repaid $4,692 50 . Entrance 31, 1923. . 680 29,807 35 972 22 100 00 00 00 89 75 00 5 00 189 27 fees Interest Fines Investments Miscellaneous Cash on hand Oct. 31, 1922 . $164 680 34,025 235 24 260 Shares Deposits Loans made Expenses Interest paid Dividends paid Investments Cash on hand Oct. 31, 1923 00 00 00 90 29 56 173 14 941 52 . $36,504 41 $36,504 41 Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. $169.01 $12.00 Advertising. Other Expenses. $54 89 . Total. $235.90 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 35. . None. . Par value Number Rate 100. $1. ..... fully paid of dividend, . Shares. $10. 819. . November, 1922 10H%. FITCHBURG — WORKERS' CREDIT UNION. 48 WALLACE AVENUE. Incorporated April 17, 1914. Charles E. Bovellan, of Directors: Credit Committee: 22, 1914. Henry Puranen, President. Frans Kerttula, Board Began business April C. E. Bovellan, Frans Kerttula, Andrew Merila, Victor Nyland, Henry Puranen. Victor Annala, John Erkkila, John Heikkinen, Matti Koho, Supervisory Committee: Treasurer. Clerk of Corporation. Lauri Moilanen, John Rantanen, Isak Rustari. J. G. Laakso. 40 BALANCE SHEET, OCTOBER ...... P.D. 31, Assets. Loans Furniture and fixtures .... .... Due from banks and Cash trust companies Accrued interest Part IV. 8, 1923. Liabilities $408,872 86 1,390 26 40,000 00 18,634 27 4,664 87 $473,562 Shares . TltS Guaranty fund Profit and loss $473,562 26 9.6 Receipts and Disbursements during the Year ending October 31, 1923. Receipts. Disbursements. Shares Deposits Loans repaid 35119,692 00 . res Deposits 148,319 01 Q',700 86 27,964 61 Interest Investments Cash on hand Oct. 14 Interest paid on deposits 114 36 87 00 58,634 27 . Cash on hand Oct. 03 14,124 08 4,80^ 47 Dividends paid Accrued interest -tments Furniture and fixtu: 4S.344 85 31, 1!'22 107. 37 Loans made Expenses 5,0 . ?.58,7- . 31, 1923 $141,120 33 $441,120 33 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid for Advertising. $460.00 $1,100.00 $1,800.00 . Other Expenses. Total. $612.15 $3,972.15 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 255. 151. . . 1,136. None. ......... ....... Shares. Par value Number Rate fully paid of dividend declared and paid, $5. 38,412. November, 1922 2M^c- Dep< Number 678. of depositors Rate of interest paid during year Dates on which interest was paid . Last day of April and October. FRAMINGHAM — D. M. HOWARD Incorporated January 26, 1917. C. CREDIT UNION. STREET. Began business March H. H. Hall, President. J. Christopher T. Garrahan, Clerk Board of Directors: H. Baldwin, J. Emma J. 2, 1917. Halsey Baldwin, Treasurer. of Corporation. Cooke, C. T. Garrahan, H. H. Hall, W. J. MacNallt, L. H. Rabbitt. Credit Committee: J. S. Dolliver, Geo. Fromant, H. "W. Fitzpatrick, H. VT. Humes, G. L. Mahonet. Supervisory Committee: S. T. Faulkner, A. L. Hawes, A. E. Luce. BALANCE SHEET, OCTOBER ..... ...... 31, 1923. Liabilities Assets. Investments Loans Due from banks and trust companies Cash S2.313 25,615 16,429 175 $31,258 68 10,062 34 68 96 Shares Deposits 16 Guaranty fund 63 Undivided earnings . Profit $44,534 43 and loss 1,531 n 1,601 34 $44,534 43 P.D. 8, Part IV. 41 Receipts and Disbursements during the Year ending October 31, 1923. .... Disbursements. . Entrance Shares Deposits $19,030 87 Shares Deposits Loans repaid 12,661 14 46,747 84 2,687 70 10 32 55 19 62 15,143 36 fees Interest Fines Miscellaneous Cash on hand Oct. Loans made Expenses 45 31, 1922 §14,243 36 12,319 36 51,468 50 219 22 424 61 1,130 00 34 57 16,604 79 . Interest paid on deposits Dividends paid Miscellaneous Cash on hand Oct. 31, 1923 $96,444 41 $96,444 41 Miscellaneous. Total Expenses for Year. Amount paid Salaries. Rent. - - for Advertising. Other Expenses. Total. $219.22 $219.22 - Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1922 Amount of entrance fee 341. 228. 896. . Par value Number Rate 25 cents. ..... Shares. $10. 2,841. fully paid November, 1922 of dividend, 6%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 260. . 4H%Nov. 15, Feb. 15, May 15, Aug. 15. HOLYOKE — HOLYOKE CREDIT UNION. ROOM Incorporated September 205, 380 7, 1911. HIGH STREET. Began business September 1911. Pierre Bonvouloir, Treasurer. Joseph Lussier, President. Pierre Bonvouloir, Clerk Board 8, of Corporation. Napoleon Bail, Abraham Bonneau, Pierre Bonvouloir, A. D. Dtjrocher, O. O. Lamontagne, Joseph Lussier, Victor Messier, Edouard Samson, G. A. Savoy. of Directors: Credit Committee: Valere Ducharme, Stanislas Ducharme, Supervisory Committee: J. C. Drapeau, J. H. Fleury, J. F. X. T. Roy. BALANCE SHEET, OCTOBER ...... Roch. 31, 1923. Liabilities Assets. Loans Due from banks and trust companies $283,305 00 18,769 53 Shares Deposits $46,592 93 240,817 95 9,668 58 . Guaranty fund Undivided earnings Profit and 1,142 12 3,852 95 loss $302,074 53 $302,074 53 Receipts and Disbursements during the Year ending October 31, 1923. . Interest Transfer fees Cash on hand Oct. 31, 1922 .... Disbursements. Receipts Shares Deposits Loans repaid $4,450 169,115 65,814 15,413 4 22,931 23 70 00 36 25 40 Shares Deposits Loans made Expenses $277,728 94 46 105,095 67 12(1,700 . 00 2,186 91 Interest paid on deposits Dividends paid Cash on hand Oct. *1.<,791 31, 1923 48 89 769 53 8.80C) 2,:*78 is, $277,728 94 42 P.D. Part IV. 8, Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. Advertising. Other Expenses. $1,738.30 $232.00 $36.00 $180. 01 Total. $2,1- Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 182. 52. . Par value Number Rate 807. None. ..... Shares. $10. 4. 041. fully paid of dividend, November, 1922 Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 605. . . Last day of January, April, July and October. LAWRENCE — LA CAISSE POPULAIRE DE LAWRENCE CREDIT UNION. 234 LOWELL STREET. Incorporated September 25, 1918. Simeon E. Board J. Legendre, of Directors: President. L. M. Began business November Marchessault, Clerk Dolor Charpentier, N. L. of Corporation. A. Laxgevix, S. E. J. 18, 1918. M. Marchessault, Legexdre, Treasurer. M. Marchessault, L. Gideox Parext. Credit Committee: Louis Gandreau, Victor Leclerc, Adelard Theberge. Supervisory Committee: W. R. Fecteau, A. A. Peroxt, Joseph St. Laurext. BALANCE SHEET, OCTOBER ...... 31, 1923. Assets. Loans Due from banks and trust companies Liabilities $48,249 39 5,336 68 $41,258 70 Shares Deposits . Guaranty fund 1,712 61 Undivided earnings Profit and loss 873 93 2,035 18 $53,586 07 $53,586 07 Receipts and Disbursements during the Year ending October ..... .... Receipts. $24,092 1S.127 54,394 39 5,135 83 Shares Deposits . Loans repaid Entrance fees Interest Fines Cash on hand Oct. 31, 1922 1923. 31, Disbursemexts. 56 Shares Deposits 11 14 Loans made Expenses 86 Interest paid 10 10 1,008 64 .... .... 11,9 71,080 00 1,910 46 on deposits Dividends paid Guaranty fund Cash on hand Oct. 1,5. 10 60 31, 1923 5,3 . $102,880 51 $102,880 51 Miscellaneous . Total Expexses for Year. Salaries. Amount paid for $840.00 Rent. $504.00 Advertising. Other Expenses. Total. $566 46 $1,910.46 . P.D. Part IV. 8, 43 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 181. 42. . . Par value Number Rate 398. 1% up to$l. ..... Shares. $5. fully paid of dividend, November, 1922 7.891. - Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 45. . 5 First day of Dec, Mar., June and Sept. LAWRENCE — LAWRENCE CREDIT UNION. ROOM 313, Incorporated January Howard Gordon, L. 7, BAY STREET BUILDING. 1913. Began business January George W. Tucker, President. George W. Tucker, Board of Directors: Supervisory Committee: Treasurer. Clerk of Corporation. John Bancroft, Amable Bouchard. William Graichen, H. Fishman, Albert Smith, G. W. Tucker. Credit Committee: P. R. L. Gordon, John Leach, Harold Sutcliffe, R. B. Tucker. John Howlett, F. B. Harrison, W. E. Wingate. BALANCE SHEET, OCTOBER Liabilities $5 30,865 171 5,284 . Loans Furniture and fixtures Cash 31, 1923. .... Assets. Investments 13, 1913. 00 29 25 89 $31,889 26 Shares Deposits 1,204 00 1,121 40 3 31 2,043 13 Guaranty fund Undivided earnings and loss Reserve fund Profit 65 33 $36,326 A3 $36,326 43 Receipts and Disbursements during the Year ending October .... DlSBURSEMEN Receipts. Shares Deposits Loans repaid $20,745 64 2,214 00 39,642 74 . Entrance 10 10 3,361 87 fees Interest Miscellaneous Cash on hand Oct. 335 14 3,533 62 31, 1922 31, 1923. $11,412 64 Shares Deposits Loans made Expenses 1,010 00 49,559 00 . 1,002 36 Interest paid on deposits 14 00 1,424 90 135 32 5,284 89 Dividends paid Guaranty fund Cash on hand Oct. 31, 1923 $69,843 11 $69,843 11 Miscellaneous. Total Expenses for Year. Amount paid for . Salaries. Rent. $505.00 $229 20 . Advertising. Other Expenses. Total. $268.16 $1,002.30 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee . 116. 32. 348. 10 cents. 44 ..... Par value Number P.D. 8, Part IV. Sharer. 15. fully paid Rate of dividend, November, 1922 Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 2. . f June and September. LOWELL — JEANNE D'ARC CREDIT UNION. MERRIMACK STREET. 751 Incorporated February Ephrem Pelletier, 5, 1912. Began business February Joseph E. Lambert, Clerk Board of Directors: E. N. Foisy, Credit Committee: P. N. J. ..... ...... ...... J. L. Lamourecx, Napoleon Milot, 31, N. Milot, Ephrem Liabilities 16,500 00 366,435 16 Furniture and fixtures trust Jr. 1923. Assets. Investments Cash L. Cosette, A. A. Gionet, V. C. Salois. BALANCE SHEET, OCTOBER Due from banks and Foist, Treasure of Corporation. H. Guillet, J. E. Lambert, Eugene Mercter, Pelletier. Supervisory Committee: T. L. Blanchette, Loans 12, 1912. Edmocr N. President. 200 00 companies 24,319 24 3,055 02 Shares Deposits $27,025 53 352,176 04 368 07 . Guaranty fund Undivided earnings and loss Reserve fund 9,87 Profit 2,709 41 $400,509 42 $400,509 42 Receipts and Disbursements during the Year ending October 31, 1923. .... Disbcrsemen* Receipts. Shares Deposits Loans repaid . Entrance $7,400 42 212,486 10 Shares Deposits 130,1'- Loans made Expenses 113 30 20,669 58 fees Interest Fines l' 1'7 5,000 00 23,895 15 Investments Cash on hand Oct. 31, 1922 . $399,793 S3, 509 89 42 92 $33 03 . 2,006 85 12,859 59 1,336 20 Interest paid on deposits Dividends paid Miscellaneous Cash on hand Oct. 30 43 74 26 31, 1923 $399,793 17 1.7 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid for . $1,16S.00 8259.29 Advertising. $107.00 Total Other Expenses. $475.56 $2,006.! Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 549. 264. 1,595. 10 cents. . Par value Number Rate ..... Shares. $5. 4.347. fully paid of dividend, 6%. November, 1922 Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 1.409. . . lay of No- vember and May, P.D. Part IV. 8, 45 LOWELL — LOWELL BLEACHERY CREDIT UNION. CARTER STREET. Incorporated October Mark 3, 1921. Began business November 3, 1921. Etta R. McDermott, A. Adams, President. Jennie Mullin, Clerk Treasurer. of Corporation. of Directors: M. A. Adams, Alice M. Anderson, M. J. Beecher, K. L. Carr, Cornelius Clarke, Alfred Clayton, J. H. Cleary, J. A. Hennessey, Alexander McCartney, Etta R. McDermott, Walter McLaughlin, Jennie Mullin, George Nussey, M. Etta Powers, Philip Sullivan. Board Michael Cahill, K. Credit Committee: L. Emerson, A. N. Johanson. Hainsworth, Supervisory Committee: N. T. J. R. MacLean, P. F. Nagle. BALANCE SHEET, OCTOBER ...... 31, 1923. Assets. Liabilities S3.842 54 8,089 85 Loans Due from banks and trust companies Cash Shares Deposits $10,900 972 222 384 . Guaranty fund Profit and loss 547 40 $12,479 79 02 89 07 81 $12,479 79 Receipts and Disbursements during the Year ending October 31, 1923. ..... Disbursements. Receipts. . Entrance fees Interest Fines Investments Shares Deposits 60 06 08 50 516 29 1 77 255 70 2,978 17 $11,543 4,414 3,389 23 Shares Deposits Loans repaid . Cash on hand Oct. 31, 1922 Loans made Expenses 83 51 20 56 90 48 255 44 8,637 25 $6,941 3,870 3,216 21 17 161 . on deposits Interest paid Dividends paid Investments Cash on hand Oct. 31, 1923 $23,122 17 $23,122 17 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount Advertising. Other Expenses. paid for Total. $21.56 $21 56 . Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 94. 78. 218. 25 cents. . . Par value Number Rate ..... Shares. $5. 2,134. fully paid of dividend, November, 1922 5%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 61. . 4%. First day vember, ruary, No- of Feb- May and August. LOWELL — NORTHERN MASSACHUSETTS TELEPHONE WORKERS CREDIT UNION. APPLETON STREET. 115 Incorporated November 8, 1922. Began business November Joseph T. McGirr, President. Mary Board of 8, Thomas E. McCarten, Clerk oj B. Delaney, Treasurer. Corporation Delaney, C. F. Donahue, F. J. Dunn, R. A. Lovelace, J. T. McGirr, L. H. Mahan, Mary E. McCarten, Anna McQuaid, Alice Roughan, Harry Roberts Stanley, William Todd. Directors: T. B. Maddocks, C. F. 1922. J. Credit Committee: A. G. A. Bryant, Helen M. Costello, W. F. King. Supervisory Committee: Samuel Crown, Anna McCarten, Emma B. Robinson. 46 P.D. BALANCE SHEET, OCTOBER ...... 31, Assets. Loans Furniture and fixtures Due from banks and trust companies Cash Part IV. 8, 1923. Liabilities $40,892 173 2,975 500 92 3J Shares Deposits 16 Guaranty fund 1,5 58 Undivided earnings Profit and loss Reserve fund Other liabilities 2,11 $30,491 19 . - 2,41 $44,541 96 $44,541 96 Receipts and Disbursements during the Year ending October 31, 1923. .... Receipts. DlSBURSEMEN Shares Deposits S44.123 14,223 39,700 29 4,902 . Loans repaid Entrance fees Interest 84 Shares Deposits 08 Loans made Expenses 72 30 67 Undivided earnings Miscellaneous Christmas Club 80.5' . 1,460 65 on deposits Christmas Club Furniture and fixtures Interest paid 548 17 892 68 878 48 64 55 3,154 00 Fines Guaranty fund $13,632 65 •_' 56 802 .50 173 30 3 70 Miscellaneous Cash on hand Oct. 31, 1923 3,47 $108,517 49 $108,517 49 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid for Advertising. Other Expenses. Total. $523 65 $1,460.65 $937.00 . Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 788. . Par value Number Rate 92. 696. 10 cents. ..... Shares. $5. 6,017. fully paid of dividend, November, 1922 None. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 404. . First day of No- vember, ruary, Feb- May and Ausust. LOWELL — NOTRE DAME DE LOURDES CREDIT UNION. 26 Incorporated September Aurele Nadeau, BRANCH STREET. 12, 1911. Began business September 19, 1911. Raphael Palardt, President. Alfred Nadeac, Board of Directors: A. J. Treasurer. Clerk of Corporation. Baron, Joseph Cayouette, L. L. Fortin, Gilbert Gariept, Alexi Mailloux, Aurele Nadeau, Alfred Nadeau, Raphael Palardt, Freddy Rocheville, Omer Smith. Credit Committee: J. A. Baron, Supervisory Committee: Oliva Ludger Coulombe, Edmond Pinard. Bergeron, J. A. N. Chretien, Arthur Simard. BALANCE SHEET, OCTOBER ..... ...... Loans Furniture and fixtures Due from banks and trust companies SI, 350 00 321,249 30 1,800 00 2,236 78 Shares Deposits Guarantv fund $56.' 25^,005 61 . Undivided earnings Profit and 1.53S 13 2 00 loss Reserve fund $326,636 08 1923. .... Assets. Investments 31, . $326,636 08 P.D. 8, Part IV. 47 Receipts and Disbursements during the Year ending October 31, 1923. .... DlSBURSEMEN Receipts. Loans repaid Entrance fees Interest Investments Cash on hand Oct. 31, 1922 . Shares Deposits 63 84 34 10 61 $7,808 183,450 79,323 166 17,597 110 14,440 Shares Deposits Loans made Expenses 85,797 163,772 115,615 2,837 9,581 3,056 2,236 . Interest paid on deposits Dividends paid Cash on hand Oct. 31, 1923 00 03 $302,896 55 10 49 23 58 13 24 78 $302,896 55 Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. $2,170.00 $339.32 Advertising. Other Expenses. $26.00 $302 26 . Total. $2,837.58 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 93. 70. . . Par value Number Rate 976. 25 cents application; 10 cents per share. ..... Shares. $5. 11,353. paid fully of dividend, November, 1922 6%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 1,303. . 4*4%. day of November and May. First LYNN — LABOR CIRCLE CREDIT UNION. BLOSSOM STREET. 85 Began business August Incorporated July 23, 1912. Harry Goldburg, Board Abraham Blackman, President. Hyman A. Blackman, of Directors: S. Polansky, Clerk S. Israel Furie, William Grob, Supervisory Committee: J. Frank, Harry Goldberg, Charlie Levine, Polansky. Sam Finkelstein, J. B. Harry Levine, Sam Lowenstein, Beny Snyder. Mack, Sam Viner. BALANCE SHEET, OCTOBER Loans ...... ..... . . . ... Furniture and fixtures Due from banks and trust companies Other assets 31, 1923. ..... .... Assets. Investments Treasurer. of Corporation Morris Dantzker, H. Credit Committee: 12, 1912. Liabilities. $624 94 26,876 00 60 00 1,262 45 70 00 Shares Deposits Guaranty fund Undivided earning? and loss Profit $6,593 85 20,001 36 1,296 22 20 26 981 70 $98,893 SQ $28,893 39 Receipts and Disbursements during the Year ending October 31, 1923. DlSBURSEMEN Receipts. Shares Deposits $5,021 15,363 53,027 137 3,089 . Loans repaid Entrance fees Interest Fines Miscellaneous Cash on hand Oct. 31, 1922 50 70 84 75 89 99 05 68 91 2,194 50 $79,004 04 Shares Deposits <t77 45 . 6,091 47 Loans made Expenses 00 10 00 596 15 258 00 569 94 :_'0 Interest paid on deposits Dividends paid Investments Furniture and fixtures Miscellaneous Cash on hand Oct. 31, 1923 . 269 88 1,262 45 $79,004 04 48 P.D. 8, Part IV. Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid $648.00 for Other Expenses. Advertising. $104.00 $126.26 Total. $211.74 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 254. . Par value Number Rate 482. 50 cents. ..... Shares. $10. 640. fully paid November, 1922 of dividend, Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 417. . day of November and Ma j* First LYNN — ST. JEAN BAPTISTE PARISH CREDIT UNION. 134A FRANKLIN STREET. Incorporated September 29, 1910. George Began business October 7, 1910. David A. Gagxox, E. Laxgevix, President. Treasurer. Orphee^ Gixgras, Clerk of Corporation. Board of Directors: E. Desrochers, F. Dioxxe, D. Gagxox. O. Gixgras, G. Laxgevix, H. Leblaxc, O. SlMARD. N. Bergerox, Credit Committee: Supervisory Committee: J. Belleville, A. Laxglois. E. Chausse, A. DeLaxgle, P. Leblaxc. BALANCE SHEET, OCTOBER ..... ...... 31, 1923. Assets. Investments Loans Due from banks and trust companies Liabilities $500 00 58,024 51 14,517 19 Shares Dep< - $30,356 91 •;6 44 . Guaranty fund 7,9. Undivided earnings 1,47 Profit and Disbursemexts. 85 89 05 35 35 500 00 9,785 02 S3.917 17.282 26,131 109 3,788 Interest Investments Cash on hand Oct. 31, 1922 31, 1923. .... Receipts Loans repaid Entrance fees $2,998 97 13,139 96 Shares Deposits Loans made Expenses .0 . on deposits Dividends paid Interest paid 308 00 6 00 Cash on hand Oct. 31, 1923 14,517 19 $61,514 51 $61,514 51 Miscellaneous. Total Expexses for Year. paid for . Salaries. Rent. $416.00 S211.20 Advertising. $10.00 TotaL Other Expenses. $637.67 $1,27: Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1922 Amount of entrance fee . 00 1,040 21 1,379 31 Guaranty fund Miscellaneous Amount 86 $73,041 70 Receipts and Disbursements during the Year ending October . _. 6 loss $73,041 70 Shares Deposits 2 46. 95. 15 cents. P.D. 49 Part IV. 8, Shares. Par value Number Rate ... . paid fully of dividend, 6,141. November, 1922 Ft /* Deposits. Number Rate Date 200. of depositors of interest paid during year on which interest was paid . First day of No- vember. MALDEN — MUTUAL INVESTMENT CREDIT UNION. 212 Incorporated November George D. Rossyn, BRYANT STREET. 4, 1922. Began business November 8, 1922. Edward Alpert, President. Jacob S. Ruderman, Board of Directors: Edward Alpert, Philip Bersansky, Israel Cohen, George D. Rossyn, erman, S. N. SlLVERSTEIN. Simon Berloe, Credit Committee: Supervisory Committee: J. M. Cohen, I. J. Pord, J. Rud- Samuel Cohen, Bernard Kaplan, Simon Slater. BALANCE SHEET, OCTOBER 31, 1923. Liabilities Loans $16,998 223 367 3,478 200 Furniture and fixtures Investments . Cash . 10 32 01 34 75 Shares $18,043 92 389 05 481 96 1,344 67 1,007 92 . Guaranty fund Undivided earnings and loss Other liabilities Profit $21,267 52 $21,267 52 Receipts and Disbursements during the Year ending October 31, 1923. Disbursements. Receipts. Shares J. S. Ruderman. B. Assets. Other assets Treasurer. Clerk of Corporation. $22,024 35,451 83 2,328 . Loans repaid Entrance fees Interest earned Interest unearned 1,007 152 1,605 Fines Investments Miscellaneous . 632 13 Shares 80 00 01 92 65 38 70 Loans made Expenses $3,980 21 52,449 90 893 29 190 75 223 32 97 39 . . Organization expense Furniture and fixtures Miscellaneous Investments 1,972 39 . Cash on hand Oct. 31, 1923 3,478 34 $63,285 59 $63,285 59 Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. $265.00 $280.20 Advertising. Other Expenses. Total. $348.09 $893.29 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 230. . is. . Par value Number Rate ..... fully paid of dividend, November, 1922 212. $1. Shares. $10. 1.741. None. 50 P.D. Part IV. 8, MALDEN — PROGRESSIVE WORKMEN'S CREDIT UNION. 473 Incorporated September CROSS STREET. Began business September 10, 1911. Jacob W. Mover, President. 10, 1911. Philip Isenman, Treasurer. Benjamin- Miller, Clerk of Corporation. Board Morris Block, Joseph Cardinal, Louis Gordon, Philip Isenman, Hyman K« Kagan, Robert Katz, Benjamin Milleh, J. W. Motes. of Directors: nick, Isadore Credit Committee: Meyer Gelpe, Abraham Grossman, Harry Samuel Garment, G. Supervisory Committee: F. Wenrick Lilly, Nathan Rodman, Locis Segal. (one vacancy). BALANCE SHEET, OCTOBER 31, 1923. Assets. Liabilities $1,000 00 175,678 35 1,241 50 24,048 07 Investments Loans Furniture and fixtures . Cash Shares Deposits . Guaranty fund 11.-' Undivided eari Profit and loss Reserve fund Other liabilities 11,7 1 $901,967 92 21 $'01,967 92 Receipts and Disbursements during the Year ending October 31, 1923. Disbursements. Receipts. $99,304 81 -21 33 271,305 09 413 00 21,960 41 272 36 32 73 600 00 61 74 7,023 11 Shares Deposits . Loans repaid Entrance fees Interest Fines Miscellaneous Investments Undivided earnings Cash on hand Oct. 31, 1922 . Shares Deposits $62,920 75 Loans made Expenses 310,' . Interest paid .',,441 on deposits Dividends paid 6.&31 05 1,280 34 1,000 Ofl 229 98 Miscellaneous Investments Undivided earnings Furniture and fixtures . Guarantv fund Cash on hand Oct. 24 868 98 60 Ofl 531 60 24,048 07 31, 1923 $448,794 58 $448,794 5€ Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. Advertising. $3,034.80 $665.66 $20.00 Other Expenses. Total. $1,720.78 ........... .......... ......... $5,441.24 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee . . . . . • . . . 451. 264. 1,621. minors, $1; cents. Shares. Par value Number Rate fullv paid of dividend, ............ November, 1922 $10. 14,532. 8 Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid . 115. First day of uary, July and ber. 2J P.D. 8, Part IV. NORTH MAIN STREET. 240 Incorporated Albert A. Grover, May Began business 23, 1916. Frank R. Sawyer, Treasurer. Clerk of Corporation. A. H. Bagloe, Alphonso Buck, H. W. Butterworth, F. J. Evans, A. A. Grover, L. G. Horton, W. H. Lyons, Enrico Moro, F. R. Sawyer. of Directors: Credit Committee: E. A. Carpenter, C. F. Howard, Supervisory Committee: F. D. Fairbanks, J. G. Moran, H. A. Morse, F. O. Shepardson. W. H. Roots, K. C. Sherman. BALANCE SHEET, OCTOBER ...... ...... ..... Furniture and fixtures Due from banks and Cash 1923. Liabilities. Shares Deposits >6,253 82 . 180 00 trust companies 1,554 14 . 31, ..... .... Assets. Loans Sept. 2, 1916. President. Lyman G. Horton, Board 51 MANSFIELD — MANSFIELD CREDIT UNION. Guaranty fund Undivided earnings and loss Other liabilities 72 78 2 76 Other assets $2,579 69 5,169 59 193 50 2 19 111 36 7 17 Profit $8,063 R0 $8,063 50 Receipts and Disbursements during the Year ending October 31, 1923. ..... Disbursements. Receipts. $1,676 94 4,936 10 6,161 62 Shares Deposits . Loans repaid Entrance fees Shares Deposits Loans made Expenses 10 00 Fines Miscellaneous Cash on hand Oct. 31, 1922 . 350 05 148 76 21 72 1,626 92 Interest paid on deposits 638 40 19 05 168 08 397 90 Interest $263 25 3,718 68 7,878 71 Miscellaneous Cash on hand Oct. 31, 1923 $14,008 09 $14,008 09 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid Advertising. Other Expenses. Total. $238.55 Sill. 50 for $350.05 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 40. 22. 154. 25 cents. . . Shares. Par value Number Rate . fully . . ... $5. 430. paid of dividend, November, 1922 None. Deposits. Number 101. of depositors Rate of interest paid during year Dates on which interest was paid . First day of April, July and October. MARLBOROUGH — ST. MARY'S PARISH CREDIT 496 Incorporated July William H. Wellen, 9, 1913. Began busines August of Directors: Credit Committee: 13, 1913. Arthur Guilbert, President. Arthur Guilbert, Board Treasurer. Clerk of Corporation. Magloire Charron, Arthur Guilbert, Joseph Parizeau, W. R. H. Beaudreau, F. X. Larivere, Euclyde Paquette. 1 Supervisory Committee: UNION. LINCOLN STREET. Romeo Bedard, Samuel Martel, Honoriers Rouge \u. II. Wellen. 52 P.D. BALANCE SHEET, OCTOBER .... ...... Assets. Investments Loans Due from banks and trust companies 31, ..... Liabilities. -0 04 28.271 85 931 00 Shares . Guaranty fund Undivided and Profit 1.04 '. $29,782 89 $29,782 89 Receipts and Disbursements during the Year ending October Receipts . !. Shares Deposits . 16 lO.lt-v 77 8,14."> Loans repaid Entrance fees Fines Undivided earnings Surplus 31, 1922 . . Loam made . . Expenses 27 45 1,639 29 1 25 233 34 362 1" 1,359 90 Interest Cash on hand Oct. 31, 1923. - $10,712 00 Shares Deposits Part IV. 8, 1923. . Interest paid on deposits . - r . J . ndivided earnings Suspense . Guaranty fund Cash on hand Oct. $32 6 '9 140 94 Dividends paid ments 28 82 31, 1923 . . 65 $?2,649 6! Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. $120.00 $12.00 Advertising. Other Expenses. Total. $209.80 S-147 31 $5.40 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 97. 4C. 280. 25 cents. . Par value Number Rate ..... Shares. $5. 4,261. fully paid of dividend, November, 1922 Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 195. . First day of Dec., Mar., June and Pt. NEW BEDFORD — SACRED HEART CREDIT 349 Incorporated September SUMMER 5, 1914. Began business October Louis Jean, Clerk of Directors: 27, 1914. Fabiola Bosse, Treasurer. Joseph Chausse, President. Board UNION. STREET. of Corporation. Fabiola Bosse\ Joseph Chausse, Louis Jean, Simon Paquette, Omer Yalois. Credit Committee: J. B. Archambault, D. H. Gauthier, William Nerbonne. Supervisory Committee: Alphonse Gauthier, Henri Gerin, Elphege Sansouci. BALANCE SHEET, OCTOBER 31, Assets. Loans Cash 1923. Liabilities $71,124 OS 6,936 47 Shares Deposits . -75 33 53.6S6 03 Guaranty fund Undivided earnings Profit and loss $78,060 55 ; I 1.793 18 3.4- $78,060 5$ P.D. 8, 53 Part IV. Receipts and Disbursements during the Year ending October Receipts Disbursements. Shares Deposits Loans repaid $2,302 44,949 29,135 116 5,107 9,240 . Entrance fees Interest Cash on hand Oct. 31, 1923. 31, 1922 58 40 92 25 Loans made Expenses 61 Interest paid on deposits 75 Dividends paid Miscellaneous Cash on hand Oct. 31, 1923 45 06 00 50 $2,198 46,235 31,934 597 2,146 679 124 6,936 Shares Deposits . . 19 93 91 47 $90,852 61 $90,852 51 Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. $200.00 $29.00 Advertising. Other Expenses. Total. $368.50 $597 50 . Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 45. 36. 319. 25 cents. . . ......... ..... Shares. Par value Number Rate fully paid of dividend declared So. 2,773. and paid, November, 1922 5%. Deposits. Number Rate Date of depositors of interest paid during year on which interest was paid 245. . 4H%- . Nov. . 20. NEW BEDFORD — SOUTHERN MASSACHUSETTS TELEPHONE WORKERS' CREDIT UNION. PLEASANT STREET. 688 Incorporated November James F. McLaughlin, 8, 1922. Began business November C. 1922. Colin W. Chisholm, Treasurer. President. Joseph A. Murphy, Clerk Board of Directors: 8, W. Chisholm, C. Cook, J. of Corporation. A. Courtney, C. Donahoe, R. Greenya, M. J. A. Murphy, H. Nelson, F. C. Sartoris, G. McCluskey, J. F. McLaughlin, F. A. McNulty, Tabor, N. Walker, S. E. Welde, V. C. Winslow. Credit Committee: H. Higgins, A. M. Kelley, G. W. Mercer. Supervisory Committee: E. J. Ames, J. W. Howard, B. Pineles. BALANCE SHEET, OCTOBEE ...... 31, Assets. Loans Furniture and fixtures Due from banks and trust companies 1923. Liabilities $33,329 61 205 30 17,892 25 Shares Deposits . Guaranty fund Undivided earnings Profit and loss Christmas Club deposits Other liabilities $51,427 16 $30,801 30 10,255 15 1,210 61 672 69 1,983 41 6,503 00 1 00 $51,427 16 54 Part IV P.D. Receipts and Disbursements during the Year ending October 31, 8, 1923. Receipts. Shares Deposits Loans repaid Entrance fees Shares Deposits 37 $40,337 22.SS7 42,570 31 . . 7" Interest 4,4^ Fines 149 21 8,058 60 Christmas Club fund Miscellaneous Guaranty fund Undivided earnings Bills payable Loans made Expenses 81 20 14 KM 42 . Interest paid on deposits Christmas Club fund Miscellaneous Furniture and fixtures Bills payable Cash on hand Oct. 31, 7fi 683 56 672 60 :>, 51 1,"" 13 76 201 )23 6,057 57 $126,552 95 $126,552 95 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid for Other Expenses. Advertising. Total. $60587 $1,160.00 $1.7- Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee . Par value Number Rate 10 cents. ..... Share? $5. fully paid of dividend, 6,086. November, 1922 None. ........... .......... ......... Deposits. Number . of depositors Rate of interest paid during year Dates on which interest was paid 268. 5%. First day of Nov May Feb., , and Aug. NEW BEDFORD — ST. ANNE CREDIT 95 Incorporated August Francois Bernard, RUTH STREET. 1911. ' J. Adelard E. T. Giguere, Laxgl< Alexandre Robin, ..... J. R. Lyonxais, Ubald Beacregard. 31, Assets. Loans Due from banks and Cash . Treasurer. Clerk of Corporation. BALANCE SHEET, OCTOBER . 1911. Michel Parent, Ludger Slight, Napoleon Lapointe. Supervisory Committee: Investments 5, Adelard Langlois, Damien Jarry, Francois Bernard, Hugces Desautels, P. D. Jarry, of Directors: Credit Committee: Began business September President. P. Board 3, UNION. . • . trust companies 1923. Liabilities. $5,879 30 2^2,518 25 19,240 46 976 98 $63,313 46 210,814 16 12,293 24 Shares Deposits Guaranty fund Undivided earnings Profit and loss 14,1' 8,035 37 $308,614 99 $308,614 99 Receipts and Disbursements during the Year ending October . Loans repaid Entrance fees Interest Suspense Cash on hand Oct. 31, 1922 .... Disbursemexts. Receipts. Shares Deposits 31, 1923. $15,977 50 337,212 72 96,380 00 500 60 20,067 34 6 24 7,479 51 $477,623 91 Shares Deposits Loans made Expenses $8,366 35 ? - -46 00 . 80 48 Interest paid on deposits Dividends paid Cash on hand Oct. 31, 1923 - 3,027 49 217 44 $477,623 91 P.D. Part IV. 8, 55 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid for Other Expenses. Advertising. Total. $284.87 $257.36 $2,238.25 . $2,780.48 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 187. 63. . . Par value Number Rate 865. 20 cents per share. ..... fully Shares. $5. paid of dividend, 12,662. November, 1922 6%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 770. . REVERE day of November and May. First — REVERE 10 Incorporated February Phineas Levi, ORR SQUARE. 9, 1912. Began business February of Directors: Credit Committee: J. Aronson, Clerk M. M. Aisner, Philip Friedman, Aron Weintroub. W. Berkowitch, T. W. Dowd, Samuel Harris. BALANCE SHEET, OCTOBER ..... ...... ...... ..... ..... 1923. Liabilities. $650 00 150,792 02 Furniture and fixtures Due from banks and 31, ..... .... Assets. Investments Cash Treasurer. of Corporation. S. J. Aronson, J. F. Fittingoff, Charles Gilfix, L. B. Glixman, Phineas Levi, Jack Markx, Samuel Ruby, Jack Weinberg, W. D. Wheeler. Supervisory Committee: B. Loans 15, 1912. Charles Gilfix, President. Samuel Board CREDIT UNION. 500 00 8,412 33 trust companies 50 00 312 81 226 00 Suspense Other assets Shares Deposits . Guaranty fund Undivided earnings and loss Profit $160,943 16 $141,131 58 1,322 33 8,287 77 804 55 9,396 93 $160,943 16 Receipts and Disbursements during the Year ending October 31, 1923. Disbursements. Receipts. Shares Deposits . Loans repaid Entrance fees Interest Fines Miscellaneous Suspense Cash on hand Oct. 31, 1922 $93,024 70 1,665 85 164,828 46 86 50 14,111 21 602 02 344 40 194 44 6,728 33 Shares Deposits $54,824 3,086 197,861 2,273 997 7,472 717 . Loans made Expenses Interest paid on deposits Dividends paid Guaranty fund Furniture and fixtures Loan repaid 11 36 05 38 51 M 250 00 5,000 00 640 57 8,462 33 . Miscellaneous Cash on hand Oct. 75 31, 1923 $281,586 00 $281,586 00 Miscellaneous. Total Expenses for Year. Salaries. Amount paid for . . $1,600.00 Rent. $400.00 Advertising. Other Expenses. Total. $273.05 $2,273.05 56 P.D. 8, Part IV. Membership Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 146. 193. . ..... Par value Number 722 Shares. $10. 14.037. fully paid Rate of dividend, November, 1922 Depo Number of depositors Rate of interest paid during year Dates on which interest was paid 4. . I day of N May and Feb., Auu. ROCKLAND — ROCKLAND CREDIT UNION. UNION STREET. Began business April Incorporated January 23, 1922. 8, 1922. Albert W. Ames, A. Lelyveld, President. William P. McCarthy, Treasurer. Clerk of Corporation. Board of Directors: A. W. Ames, L. E. Blanchard, H. H. Capen, Thomas Dorsey, P. J. Ford, John Fuccello, Emil Kelstrand, A. Lelyveld, Joseph Lelyveld, J. B. Mahan, W. P. McCarthy, J. C. Parker, H. E. Reed, L. Verdone, G. H. Wilder. Credit Committee: Roland Poole, J. A. Radcliffe, Supervisory Committee: E. O. Bemis, H. C. Smith, Harry Tracy. J. M. Young. BALANCE SHEET, OCTOBER ...... 31, Liabilities. Assets. Loans Furniture and fixtures Due from banks and trust companies 1923. $1,550 56 120 00 362 09 IMC Shares Deposits . 154 55 63 09 127 07 Guaranty fund Profit and loss $2,032 65 $2,032 65 Receipts and Disbursements during the Year ending October .... .... ..... .... DISBURSEMENTS. Receipts Shares Deposits $1,664 19 267 05 Loans repaid Entrance fees Interest Fines Cash on hand Oct. 1,935 19 14 50 198 52 13 49 339 68 31, 1922 31, 1923. Shares Deposits $639 50 154 50 3,190 00 36 53 50 00 362 09 .... .... Loans made Expenses Furniture and fixtures Cash on hand Oct. 31, 1923 $4,432 R2 $4,432 62 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount S12.43 paid for Advertising. Other Expenses. $24.10 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 61. . Par value Number Rate ..... fully 12. 100. 25 cent; Shares. 15 paid of dividend, November, 1922 None. Total. $36.53 P.D. 8, Part IV. 57 Deposits. Number of depositors 7. . Rate of interest paid during year Date on which interest was paid First day of Nov. SALEM — HYGRADE CREDIT UNION. 60 BOSTON STREET. Began business February Incorporated February 14, 1921. Etta B. Benvie, President. 14, 1921. J. S. Leland Gilliatt, Learoyd, Jr., Treasurer. Clerk of Corporation. Board of Directors: Etta B. Benvie, Sadie M. Brooks, J. C. Carter, Annie Flynn, Leland Gilliatt, Alice H. King, J. S. Learoyd, Jr., Clarence Lee, F. A. Poor. Credit Committee: Margaret Bradstreet, Mary Hayden Kimball, Supervisory Committee: T. A. Coleman, F. ..... ...... ..... 31, 1923. .... Assets. Loans Due from banks and trust companies Other assets Healy. M. Orchard, Roger Poor. BALANCE SHEET, OCTOBER Investments J. Liabilities $4,921 2,984 1,259 2 37 95 53 50 $3,737 13 4,850 29 Shares Deposits Guaranty fund 211 98 Undivided earnings Profit and loss Reserve fund 111 15 196 29 61 51 $9,168 35 $9,168 35 Receipts and Disbursements during the Year ending October 31, 1923. .... ..... .... Disbursements. Receipts Shares Deposits Loans repaid $4,530 81 8,774 96 10,292 16 46 25 Entrance fees 392 03 Interest Fines 27 54 3,590 97 48 09 662 39 . Investments Miscellaneous Cash on hand Oct. 31, 1922 . Shares Deposits Loans made Expenses $3,863 5,640 11,448 79 35 6,004 33 .... .... .... Interest paid on deposits Investments Miscellaneous Cash on hand Oct. 31, 1923 86 85 71 04 26 34 61 1,259 53 . $28,365 20 $28,365 20 Total Expenses for Year. Salaries. Amount paid for . Rent. Advertising. Other Expenses. Total. $79.04 $79.04 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 185. 87. . Par value Number Rate ..... 323. 25 cents. Shares. 724. fully paid of dividend, November, 1922 None. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid . 216. 6%. Last day of Jan., Apr., July and Oct. 58 P.D. SALEM — JEWISH COMMUNITY CREDIT UNION. Incorporated June 25, 1921. Began business July 18, 1921. Myek President. Mamie Polnetsky, Board Lacritz, Treasurer. Clerk of Corpora! David Maron, R. H. Kramer, Myer Lacritz, Mamie Pol.\et-ky, W. Win. of Directors: Credit Committee: Part IV. ESSEX STREET. 259* W. Wise, 8, S. J. Supervisory Committee: Kerr, Joseph King, S. Galper. David Maron, R. H. Kramer, Abe Wimmn, BALANCE SHEET, OCTOBER ...... Assets. 31, 1923. ...... .... Liabilities. Loans Due from banks and trust companies $2,57f, (id 233 89 Shares .... Guaranty fund Profit and loss Receipts and Disburs ements during the Tear ending October ..... .... ..... Loans repaid Entrance fees Fines 31, M 1923. Disbcrseme- $915 60 750 00 4,672 00 4 00 207 59 20 230 77 . Cash on hand Oct. 31, ...... ..... ..... ..... Receipts. Interest 147 71 $2 809 $2,819 89 Shares Deposits %2J>' 1922 $402 54 7.50 00 120 00 Shares Deposits Loans made Expenses Dividends paid Cash on hand Oct. 31, 1923 81 33, . 233 89 $6,780 16 $6,780 16 Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. $38.33 $21.00 Other Expenses. Advertising. Total. $22.00 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 16. . . Par value Number Rate 92. 25 cents. ..... Shares. $10. 209. fully paid of dividend, November, 1922 SALEM — SALEM CREDIT UNION. 252 Incorporated Samuel Zoll, May 15, 1912. Began business June 2, of Directors: Credit Committee: 1912. Morris Lipshutz, President. Hyman Board ESSEX STREET. S. Polansky, Clerk Harry Barron, Morris Lipshutz, Meyer Meyers, Kusiel Kaplan, M. Kopelman, Louis Levenson, Supervisory Committee: N. E. Aronson, ..... ...... 31, Max S. Polanskt, Samuel Zoll. Porter, Joe Polonsky. 1923. Liabilities Assets. Loans Due from banks and trust companies Cash H. Nathan Berkowitz, Abraham Galler. BALANCE SHEET, OCTOBER Investments Treasurer. of Corporation. S205 00 S.947 10 606 75 1,746 02 $11,604 87 Shares . Guaranty fund Undivided earnings and loss $10,144 59 " ^ 03 20 00 Profit $11,504 87 P.D. 8, Part IV. 59 Receipts and Disbursements during the Year ending October ..... .... ..... Loans repaid Entrance fees Interest S3, 709 71 Shares 25,694 75 9 75 1,186 47 Loans made Expenses Dividends paid 43 14 30 2,510 04 Fines Miscellaneous Cash on hand Oct. 1922 31, ..... .... Disbursements. Receipts. Shares 31, 1923. . $33,154 $2,972 54 26,817 65 .... Interest refunded . Cash on hand Oct. 31, 1923 436 60 497 37 77 23 2,352 77 . $33,154 16 lfi Miscellaneous. Total Expenses for Year. Amount paid for . Salaries. Rent. Advertising. Other Expenses. $320.00 $71.50 $20.75 $24 35 Total. $436.60 . Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 37. 26. 171. 25 cents. . . Par value Number Rate ..... Shares. $10. 949. fully paid dividend, November, 1922 of 7%. SOUTHBRIDGE — HAMILTON CREDIT UNION. MILL STREET. Incorporated July 28, 1921. Began business August 9, 1921. James H. Wilcock, Treasurer. Joseph V. Laughnane, President. William Proulx, Clerk of Corporation. Board of Directors: W. E. Arnold, R. J. J. E. Birdsall, William Buckingham, F. Hanson, H. O. Jackson, Kershaw, J. V. Laughnane, R. Lusignan, A. Prantkillwicz, William Proulx, A. C. Varnam, Walsh, P. Whiteoak, J. H. Wilcock, R. Yates. Credit Committee: E. I. Knowles, G. Supervisory Committee: E. B. S. Rich, John Rowley, H. F. Ryan, Armstrong, J. O. Martin, ..... ...... Swift. 31, 1923. Assets. Loans Due from banks and trust companies W. Edna M. Small. BALANCE SHEET, OCTOBER Investments J. Liabilities $7,861 25 2,796 02 10,713 26 Shares Deposits $19,580 811 334 643 . Guaranty fund Profit and loss $21,370 53 $21,370 53 Receipts and Disbursements during the Year ending October $18,549 5,321 7,795 30 861 . Entrance fees Interest Fines Guaranty fund Cash on hand Oct. 31, 1922 31, ..... .... 1923. Disbursements. Receipts Shares Deposits Loans repaid 00 87 79 87 15 11 31 00 00 12 73 14 50 3,951 77 $36,535 57 Shares Deposits Loans made Expenses .... .... .... Interest paid on deposits Dividends paid Guaranty fund Investments Cash on hand Oct. 31, 1923 . 75 79 50 67 01 •7 73 28 61 4,861 25 10,713 26 $7,229 4,852 8,410 41 100 $36,535 57 60 P.D. Part IV 8, Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount Other Expenses Advertising. paid for Total. $41 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee . Par value Number Rate 47 317. 25 cents. ..... Shares. $5. 3.381. fully paid of dividend, November, 1922 Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 26. . r - day Feb., of Nov., May and Aug. SPRINGFIELD — SPRINGFIELD MASS. POST OFFICE EMPLOYEES' CREDIT UNION. 300 MAIN STREET. Began business Incorporated April 27, 1923. May 1, Ellis G. Knox, President. F. Board of Directors: G. E. Credit Committee: W. J. Supervisory Committee: 1923. F. W. Vinnicomb, W. Vinntomb, Hayes, E. G. Knox, C. G. Lavigne, E. J. McCarthy, F. W. Vinnicomb. Carroll, H. C. Humason, F. H. Ingham. M. Healey, W. R. Loomis, J. J. J. Sullivan. BALANCE SHEET, OCTOBER ...... 31, Assets. Loans Due from banks and trust companies Cash 1923. Liabilities $922 50 40 00 165 SO $997 50 71 07 40 00 19 73 Shares Deposits . Guaranty fund Profit and loss $1,128 30 $1,128 30 Receipts and Disbursements during the Year ending October .... .... Interest Fines S99S 00 71 07 377 50 40 00 65 00 6 46 fees 31, 1923. .... Disbursements. Receipts. Shares Deposits Loans repaid Entrance Treasurer. Clerk of Corporation. Shares Loans made Expenses $0 50 1,300 00 51 40 . 33 205 SO Interest paid on deposits Cash on hand Oct. 31, 1923 $1,558 03 $1,558 03 Miscellaneous. Total Expenses for Year. Salaries. Amount Rent. Advertising. $6.96 paid for Other Expenses. $44.44 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee . SO. 1. 79. 50 cents. $51. P.D. Par value Number Rate I Part IV. 8, 61 ..... Shares. $10. fully paid of dividend, 62. November, 1922 None. Deposits. Number Rate Date of depositors of interest paid during year on which interest was paid 2. . 4%. Aug. SPRINGFIELD — UNITED ELECTRIC LIGHT CREDIT UNION. 210 Incorporated August Harry H. White, 2, 1923. Began business September 21, 1923. Lawrence D. Bigelow, President. D. Bigelow, E. of Directors: L. COMPANY EMPLOYEES ALDEN STREET. Archibald Walker, Clerk Board 1. W. Lewis, F. H. O'Malley, Archibald Walker, H. H. White. Credit Committee: A. R. Brooks, V. W. Cignoli, Mellen Greenleaf. Supervisory Committee: W. H. Bolewine, L. J. Scott, J. P. Way. BALANCE SHEET, OCTOBER ..... Treasurer. of Corporation. 31, 1923. Assets. Liabilities. Loans Due from banks and trust companies $150 00 3,076 07 Shares Deposits $3,221 00 5 00 . Undivided earnings 07 $3,226 07 $3,226 07 Receipts and Disbursements during the Year ending October 31, 1923. ..... .... Disbursements. Receipts. $3,309 87 5 00 07 Shares Deposits Miscellaneous . Shares Loans made Cash on hand Oct. 31, 1923 $88 87 150 00 3,076 07 . $3,314 94 $3,31-1 Miscellaneous. Total Expenses for Year. Salaries. Amount Rent. Advertising. Other Expenses. paid for Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 84. . 1. . Par value Number Rate ..... fully paid of dividend, . 83. None. Shares. $10. lit. . November, 1922 None. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid . 1. None. None. Total. 94 62 SPRINGFIELD — WESTERN P.D. Part IV. 8, MASSACHUSETTS TELEPHONE WORKERS CREDIT UNION. 283 WORTHINGTON STREET. Incorporated July 20, 1922. Began business August Joseph Marr, President. 1, 1922. H. G. Rouillard, Treasurer. Helen A. O'Donnell, Clerk of Corporation Linda Cameron, C. F. Donahoe, Julia L. Finn, P. F. Follett, Eleanor Healey, Henderson, Theresa G. Lynch, Joseph Marr, Helen A. O'Donnell, Clara Pepper, W. M. Pepper, H. G. Rouillard, L. B. Shepherd, Anna Wilbek. Board of Directors: E. S. Credit Committee: E. E. Geoffrion, Supervisory Committee: F. L. Beebe, Catherine McQuade, E. Eva Bryson, E. Tyer. T. Sheridan. BALANCE SHEET, OCTOBER ..... ...... J. 31, 1923. Assets. Investments Loans Furniture and fixtures Due from banks and trust companies Liabilities $1,842 48,899 243 15,225 50 36 Shares Deposits 24 65 Guaranty fund $41,:18,9- . Undivided earnings and Profit 479 18 28 49 965 91 loss Reserve fund $66,210 75 $66,210 75 Receipts and Disbursements during the Tear ending October ..... .... .... ..... .... ..... .... Disbursements. Receipts. $31,931 77 32,333 16 77,849 46 Shares Deposits Loans repaid 58 50 6,859 58 669 25 2 08 5,637 85 Entrance fees Interest Fines Suspense Cash on hand Oct. 31, 1923. 31, 1922 Shares Deposits Loans made Expenses $11,789 27.613 90,210 2,347 .... .... .... Interest paid on deposits Dividends paid Guaranty fund Investments 58 07 26 15 1,1' 32 43 1,842 50 Furniture and fixtures Loan receivable 4, ISO 18 Miscellaneous Cash on hand Oct. 31, 1923 15,2- $155,341 $155,341 65 fiS Miscellaneous. Total Expenses for Year. Salaries. Amount Rent. Advertising. Other Expenses. Total. $2,347.15 $1,859.67 paid for Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 585. 205. . . Par value Number ..... 1,059. 10 cents. Shares. 7,636. fully paid Rate of dividend, November, 1922 Deposits. Number of depositors . Rate of interest paid during year Dates on which interest was paid 616. 5 vember. ruary. _Y August Fe P.D. 8, Part IV. 63 WALPOLE — NEPONSET CREDIT UNION. WASHINGTON STREET (EAST WALPOLE). Incorporated October 5, 1915. Began business November 1, A. C. Urquhart, President. 1915. A. W. Smith, Treasurer. B. R. Taylor, Clerk of Corporation. W. Board of Directors: H. E. Rouillard, C. D. Savage, A. Urquhart, Credit Committee: D. J. J. Smith, J. H. Smith, B. R. Taylor, A. C. White. Cullinane, H. H. Miller, G. E. Smith. J. Supervisory Committee: A. H. Anderson, B. D. Rogers, A. H. Russell. BALANCE SHEET, OCTOBER 31, 1923. Assets. Liabilities 812,051 25 26,523 80 498 02 Investments Loans Cash . . Shares Deposits $14,552 60 21,237 19 1,172 80 665 60 . Guaranty fund Undivided earnings Profit and loss 1,437 45 7 43 Dividends payable $39,073 07 $39,073 07 Receipts and Disbursements during the Year ending October 31, 1923. .... DlSBURSEMEN TS. Receipts. $8,272 60,175 30,667 59 2,347 3 12,000 2,072 1,708 Shares Deposits . Loans repaid Entrance fees Interest Guaranty fund Investments Miscellaneous Cash on hand Oct. 31, 1922 . 47 88 96 00 43 77 00 19 08 Shares Deposits Loans made Expenses $5,563 55,977 44,281 123 . Interest paid on deposits Dividends paid Investments Guaranty fund 19 44 452 98 523 93 7,805 00 34 80 2,046 39 498 02 . Miscellaneous Cash on hand Oct. 69 34 31, 1923 $117,306 78 $117,306 78 Miscellaneous. Total Expenses for Year. Salaries. Amount - paid for Rent. Advertising. Other Expenses. Total. $123.44 $123.44 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 236. . 138. 592. . Par value Number ..... 25 cents. Shares. 15. fully paid 2,910. Rate of dividend, November, 1922 6%. Deposit^. Number of depositors Rate of interest paid during year Dates on which interest was paid . 374. First day vember, ruary, of NoFeb- May and Vui^USt. 64 WALTHAM — ST. P.D. Incorporated January 14, 1913. Began business Jan. Philip L. Landry, President. Eugene Board of Directors: Credit Committee: James Le Blanc, E. L. Houde, Landry. Wal- P. L. F. A. Sicotte, (one vacancy). Napoleon Geoffrion, Theophilus Geoffrion BALANCE SHEET, OCTOBER ..... ..... 31, (one vacancy). 1923. ...... .... Liabilities. Loans Due from banks and trust companies Cash i Shares Dep<' $7,283 04 941 59 Guaranty fund 22 50 Undivided earnings Reserve fund 44 44 299 32 $8,247 13 $8,247 13 Receipts and Disburs ements during the Year ending October 31, ..... .... Interest 1922 Shares Deposits '. $380 00 .... .... Loans made Expenses 3,258 84 19 10 438 79 1,485 60 fees 31, Disbursement-. $955 00 623 79 Shares Deposits Loans repaid 191 J3. ..... .... Receipts. Cash on hand Oct. Treasurer. Clerk of Corporation. Assets. Entrance Part IV. 20, 1913. Hermenegilde Brouillette, Houde, L. Hermenegilde Brouillette, Amukose Giasson, dron La Ro- Supervisory Committee: 8. JOSEPH'S CREDIT UNION OF WALTHAM. 9 BARTON STREET. 91 4,1- 59 02 21 78 Interest paid on deposits Dividends paid Cash on hand Oct. 31, 1923 964 09 $6,781 12 $6,781 12 Miscellaneous. Total Expenses for Year. Amount paid for . Salaries. Rent. - $52.00 Other Expenses. Advertising. - $7 Total. $59 02 . Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 4. 3. . Par value Number 10 cents. ..... Shares. $5. 1.216. fully paid Rate of dividend, November, 1922 6%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 51. . 3%. day of April and August. First WALTHAM — WALTHAM WATCH CREDIT UNION. WALTHAM WATCH AND CLOCK COMPANY. Incorporated March Edgar L. Hull, 3, 1917. Began business May 4, 1917. Ralph A. Johnstone. President. Ralph Treasurer. A. Johnstone, Clerk of Corporation. of Directors: G. E. Affleck, Herschel Bacon, D. A. S. Barker. I. Maude Estabrooks. Annetti Goodwin, Charles Hammond, Richard Hood, Edgar Hull, Ralph Johnstone, Clifford K. Gertrude Maguire, Emeline Olmstead, Lillian Small, Merritt "VN iley, A. WmuAMB. Board Credit Committee: Clara Armstrong, Minnie Gifford, James Riley. Supervisory Committee: Frederick Graves, Charles Olney, Albert Williams. P.D. 8, Part IV. 65 BALANCE SHEET, OCTOBER ..... ...... 1923. 31, Assets. Investments Loans Due from banks and trust companies Liabilities $30,095 28 36,621 90 2,210 65 $18,972 40 38,890 44 4,596 12 5,491 73 Shares Deposits . Guaranty fund Undivided earnings Profit and loss 888 28 88 86 Reserve fund $68,927 83 $68,927 83 Receipts and Disbursements during the Year ending October 31, 1923. Disbursements. Receipts. $5,418 56,088 40,138 74 4,008 194 5,000 Shares Deposits . Loans repaid Entrance fees Interest Fines Bills payable Investments Shares Deposits Miscellaneous 31, 1922 $10,167 41 60,125 98 35,445 40 . Loans made Expenses . 943 40 2,051 70 1,375 85 7,345 14 Interest paid on deposits 69 29 Dividends paid Investments 00 . Guaranty fund 300 67 83 30 13,490 72 . Cash on hand Oct. 79 59 25 90 62 5,000 69 2,210 payable Miscellaneous Cash on hand Oct. 31, 1923 Bills $124,798 20 92 00 75 65 $124,798 20 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount Other Expenses. Advertising. $601.40 paid for $342.00 Total. $943.40 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 311. 303. . Par value Number 1,049. 10 cents per share. ..... Shares. $5. 3,795. fully paid Rate of dividend, November, 1922 6%. Deposits. Number 486. of depositors Rate of interest paid during year Dates on which interest was paid - . . 4H%First day of Nov., Feb., and May Aug. WINTHROP — PEOPLE'S CREDIT UNION. 250 SHIRLEY STREET. Incorporated August 23, 1918. Nathan Ferar, Began business September George Pinksohn, President. George Pinksohn, Board of Directors: Max Lippa, J. J. Frank, James Lang, Lillian T. Reese. Charles Levy, David Scott (one vacancy). Supervisory Committee: Treasurer. Clerk of Corporation. James Adams, George Epstein, Nathan Ferar, G. Levy, George Pinksohn, Credit Committee: 6, 1918. Kalman Flaxman, Rebecca Freeman (one vacancy). 66 P.D. BALANCE SHEET, OCTOBER 31, Part IV 8, 1923. Assets. Liabilities. Loans $65,200 96 484 77 4,020 92 Miscellaneous Cash Shares Deposits . Guaranty fund Undivided earnings Profit and loss Reserve fund Other liabilities 71 1,000 00 : 7i $69,706 65 $69,706 65 Receipts and Disbursements during the Year ending October DlSBURSEMh $20,093 89 4,461 00 . Loans repaid Entrance fees Shares Deposits Loans made Expenses 68,37 297 90 7,142 23 Interest 1922 31, $6,181 13 3,170 00 S . 8 Dividends paid Cash on hand Oct. 85 52 2U Interest paid on deposits 77 88 292 29 4,461 44 Fines Miscellaneous Cash on hand Oct. 1923. .... Receipts. Shares Deposits 31, 2,955 23 4,020 92 31, 1923 $105,198 92 $105,198 92 Miscellaneous. Total Expenses fob Year. Amount paid for Salaries. Rent. $550.00 $65.00 Advertising. Other Expenses. Total. $321.52 $936.52 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 137. 29. . Par value Number 480. 10 cents per share. ..... Shares. $5. fully paid 10.756. Rate of dividend, November, 1922 9%. Deposits. Number Rate Date of depositors of interest paid during year on which interest was paid 4. . Oct. 31. WINTHROP — WINTHROP CREDIT UNION. WINTHROP STREET. 192 Incorporated July Elmer E. Dawsox, 19, 1915. Began business July Eugene President. Charles H. Holbbook, of Directors: C. S. Adams, O. R. Cocxtaway. E. E. C. H. Holbbook, W. F. Johxsox, H. E. Keocgh, T. F. S. F. Tuckeb, E. P. Whittieb. P. P. Cht/bchill, Supervisory Committee: H. Nelsox Floyd, R. W. Aikex, K. C. Bbowx Dawsox, L. E. Gbiffex, W. E. Hewitt, Mahaxet, H. M. McNeill, K. S. Payne, A. Laxg. (one vacancy). BALANCE SHEET, OCTOBER ..... ...... Loans Due from banks and Cash trust companies 31, 1923. ..... .... Assets. Investments P. Whittier, Treasurer. I Clerk of Corporation. Board Credit Committee: 2S, 1915. Liabilities. $1,446 31 1,638 45 1,835 34 10 00 Shares Deposits Guaranty fund Undivided earnings and loss Other liabilities Profit $4,930 10 $3,570 00 326 66 762 71 23. 1 64 $4,930 10 P.D. 8, Part IV. 67 Receipts and Disbursements during the Year ending October 31, 1923. .... .... Receipts Disbursements. $441 00 257 14 2,429 79 15 75 347 13 30 58 833 20 4 64 1,219 05 Shares Deposits Loans repaid Entrance fees Interest Fines . Investments Miscellaneous Cash on hand Oct. 31, 1922 . Shares Deposits Loans made Expenses $817 25 226 55 1,568 33 78 42 8 99 214 19 796 31 22 90 . Interest paid on deposits Dividends paid Investments Miscellaneous Cash on hand Oct. 31, 1923 . 1,845 34 $5,578 28 $5,578 28 Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. $50.00 $5.00 Advertising. Other Expenses. Total. $23.42 $78.42 Membership. .......... ......... ........... .............. ............ ............ .......... ......... Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee . . . . . . . . . .3. . 10. 55. 25 cents. Shares. Par value Number Rate fully paid of dividend, November, 1922 $5. 709. 6%. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 10. 4Hs%. First day of Nov., Feb., May and Aug. WORCESTER — CENTRAL MASSACHUSETTS TELEPHONE WORKERS CREDIT UNION. 26 MECHANIC STREET. Incorporated November William S. Mason, 8, 1922. Began business November C. A. Boyce, F. Buckley, of Directors: 1922. Charles A. Boyce, President. Edward H. Coolidge, Board 8, Mae Treasurer. Clerk of Corporation. Barry, A. G. Barnes, E. H. Coolidge, G. Dahl, S. Mason, F. O'Neil, E. Peterson, Donahue, J. Fair, M. Ford, M. Henshaw, M. Healey, W. M. Ruderson. C. Credit Committee: Anna Coyle, Thomas Healey, Supervisory Committee: A. K. C. Wilkins. Burrows, Lawrence Dolan, L. BALANCE SHEET, OCTOBER .... Dolan. 31, Liabilities Assets. Loans . Furniture and fixtures Due from banks and Cash trust companies 1923. $20,507 70 200 90 2,045 71 100 00 $22,854 31 Shares Deposits . Guaranty fund Undivided earnings Profit and loss Bills payable Christmas and vacation club deposits $11, 659 75 1,708 '.»:. 7_>4 26 411 42 1,152 82 3,485 11 3,712 00 $22,854 31 68 P.D. Receipts and Disbursements during the Year ending October Part IV. 8, 31, 1923. DlSBCRSEMEN Receipts. $20,0e 7,913 35,425 18 2,643 Shares Deposits . Loans repaid Entrance fees Interest 51 Shares Deposits 94 00 Loans made Expenses 14 Interest paid on deposits 413 77 4,342 00 10,486 11 418 812 53 Fines Christmas Club Bills payable Guaranty fund Miscellaneous $8,3 . . Miscellaneous Furniture and fixtures Bills payable Christmas club and fines Cash on hand Oct. Interest 7,000 00 00 I 110 40 2,145 71 . 31, 1923 $82,481 57 $82,481 57 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount Advertising. $758.00 paid for Other Expenses. Total. 1529 :: •1,281 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 473. . Par value Number None. 473. 10 cents. ........ ...... ares. $5. 2,299. fully paid Rate of dividend declared and paid, November, 1922 None. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 168. . First day Feb., of Nov., May and Aug. WORCESTER — LA CAISSE POPULAIRE (CREDIT UNION; DE WORCESTER. 112 FRONT STREET. Incorporated August 10, 1911. W. Levi Bousqcet, Began business August 25, 1911. Exlore Metivier, President. George E. Belisle, Board of Directors: G. E. Belisle, E. A. Brodeub, W. L. BorsQrET, Eli Galipeau, Exlore Metivier, Napoleon Prevost. Credit Committee: J. J. A. Loiselle, B. Brodeur, C. E. Gosselin, E. P. Soly. Supervisory Committee: Frederick Boisseac, A. E. Houle, D. L. Labranche. BALANCE SHEET, OCTOBER ..... ...... ...... ..... 31, Assets. Investments Loans Due from banks and trust companies Cash Suspense Z Clerk of Corporation. 1923. Liabilities $5 00 12,713 88 5,714 74 30 00 Shares Deposits . Guaranty fund Profit and loss o 93 54 31 .2 60 1,017 42 $19,481 04 $19,481 04 P.D. 8, Part IV. 69 Receipts and Disbursements during the Year ending October 31, 1923. .... ..... .... Receipts Disbursements. Shares Deposits $89 49 5,311 8.70S 4 1,290 110 5 4,016 Loans repaid Entrance fees Interest Fines Miscellaneous Cash on hand Oct. 31, 1922 41 26 25 95 62 25 23 Shares Deposits Loans made Expenses $278 21 4,487 71 7,913 22 312 54 .... .... Interest paid on deposits Miscellaneous Cash on hand Oct. 31, 1923 796 40 3 64 5,744 74 . $19,536 46 $19,536 46 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid Advertising. Other Expenses. Total. $312.54 $312.54 for Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 14. . 23. . Par value Number 283. 25 cents. ..... Shares. fully paid 251. Rate of dividend, November, 1922 None. Deposits. Number 89 of depositors Rate of interest paid during year Dates on which interest was paid . 5% and 4H%. Fifteenth day of Jan., Apr., July and Oct. WORCESTER — NEW ENGLAND CREDIT UNION. 94 Incorporated Joseph D. Rutman, March WATER STREET. 22, 1912. Began business June 17, 1912. Israel President. Goldman, I. Treasurer. Louis Cohen, Clerk of Corporation. Board of Directors: Jacob Asher, Philip Finkel, Abraham Jackson, David Mason, Idel Sack, Samuel Yutan. Credit Committee: Adam Corbin, Max Katz, Nathan Nore. Supervisory Committee: Simon Goodman, Aaron Laskoff, Samuel Ziskind. BALANCE SHEET, OCTOBER ...... 31, Assets. Loans Liabilities Furniture and fixtures Due from banks and Miscellaneous . trust companies . . 1923. . $44,387 00 340 00 113 15 10 00 $35,595 80 Shares Deposits . 1,687 60 5,065 08 2,501 67 Guaranty fund Profit and loss $44,850 15 $44,850 15 Receipts and Disbursements during the Year ending October $9,910 50 . Interest Fines Investments Cash on hand 40 73 50 40 700 38 500 00 3,537 30 1,670 71,244 4 4,529 Loans repaid Entrance fees . Oct. 31, 1922 ..... Disbursements. Receipts. Shares Deposits 31, 1923. $92,097 2t Shares Deposits Loans made Expenses . Interest paid on deposits Dividends paid Guaranty fund Furniture and fixtures Miscellaneous Cash on hand Oct. 31, 1923 $8,824 51 S4 S3 78,958 24 2,023 92 16 80 957 65 •-'48 11 190 00 10 00 113 15 $92,097 21 70 P.D. Part IV. 8, Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. $1,400.00 $241.00 Advertising. Other Expenses. Total. $382.92 $2,023 92 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 45. 34. . Par value Number Rate 10 cents. ..... fully paid of dividend, November, Shares. $10. 3,559. 1922 Deposits. Number Rate Date of depositors of interest paid during year on which interest was paid 7. . Nov. l. WORCESTER — PROGRESSIVE CREDIT UNION. WATER STREET. 93 Incorporated February 2, 1914. Began business February 10, 1914. Louis N. Levinskt, President. David Cotzin, Philip Baker, Clerk of Corporation. Board of Directors: Philip Baker, David Cotzin, Sam Kanin, L. N. Levinskt, Solomon Lofman, Jacob Rosh, Nathan Sumner, A. Yanovskt. Credit Committee: Solomon Freedenberg, S. Klein, L. Meenes, BALANCE SHEET, OCTOBER ...... Furniture and fixtures Due from banks and trust companies 31, Ritz, I. Sack. Sapiro. 1923. ..... .... Assets. Loans S. Nathan Josephs, Abraham Supervisory Committee: Louis Epstein, Liabilities. $49,069 00 710 19 264 52 Shares Deposits $43,125 953,610 2,261 93 Guaranty fund and loss Profit Other liabilities Receipts and Disbursements during the Year ending October ...... ..... .... ..... ...... Interest Fines Cash on hand Oct. 31, 1922 . 31, 1923. ..... .... Disbursements Receipts. Loans repaid Entrance fees 27 80 84 $50,043 71 $50,043 71 Shares Deposits 00 $10,880 00 1,153 95 76,775 00 4 50 4,464 63 378 82 148 21 Shares Deposits Loans made Expenses $11,080 00j .... .... 1,308 09 77,910 00j 1,823 30 1,144 40 Interest paid on deposits Guarantv fund 183 00 91 80 264 52 Dividends payable Cash on hand Oct. 31, 1923 $93,805 11 $93,805 11 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid for . $1,270.00 $321.00 Advertising. Other Expenses. $232.30 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee . . 45. 37. 473. 10 cents. Total. $1.S23.30 P.D. 8, Part IV. .............. ...... ............ .......... .......... 71 Shares. Par value Number Rate fully paid of dividend declared . $5. 8,625. . and paid, November, 1 922 6%. Deposits. Number Rate Date of depositors of interest paid during year on which interest was paid 270. 6%. Nov. 1. WORCESTER — SKANDIA CREDIT UNION. 383 MAIN STREET. Incorporated October 30, 1915. George N. Jeppson, Began business January 1, 1916. Nils Bjork, Treasurer. President. Carl B. Benson, Clerk of Corporation. Board of Directors: C. B. Benson, A. M. Berg, Nils Bjork, G. N. Jeppson, A. G. Swanson, John Johnson, S. G. Johnson, John Linne, William Forsberg, C. E. Mattson, J. G. Perman, E. T. Rolander, Rudolf Sundin, Martin Swanson, P. J. Styffe. William Werme, Robert Olson, C. A. Nelson. Credit Committee: Supervisory Committee: F. J. Quist, O. S. Svenson, J. F. Forsberg. BALANCE SHEET, OCTOBER ..... .... ...... ..... 31, Assets. Investments Loans . Furniture and fixtures Due from banks and Cash trust companies Suspense , 1923. Liabilities $384,281 65 452,195 25 300 00 17,176 55 100 00 101 96 Shares Deposits . Guaranty fund Undivided earnings and loss Reserve for depreciation of bond ac count Profit .... $854,155 41 $575,567 210,005 32,132 2,319 31,630 24 67 37 37 76 2,500 00 $854,155 41 Receipts and Disbursements during the Year ending October 31, 1923. Disbursements. Receipts Shares Deposits Loans repaid $139,372 74 132,355 62 143,827 45 42 75 50,906 03 63,981 25 . Entrance . fees Interest Investments Suspense Undivided earnings Cash on hand Oct. 31, 1922 . 5 10 52 80 14,006 04 Shares Deposits 03 22 91 35 29 33 964 95 $80,612 91,981 199,544 2,584 7,818 27,083 . Loans made Expenses Interest paid on deposits Dividends paid Interest paid on investments Investments Suspense Cash on hand Oct. 31, 1923 116,659 15 . 25 00 17,276 55 $544,549 78 $544,549 78 Miscellaneous. Total Expenses for Year. Salaries. Amount paid for Rent. Advertising. Other Expenses. $2,584.35 . Total. $2,584.35 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 171. 73. 1,957. 25 cents. . Par value Number Rate ..... fully paid of dividend, November, Shares. $5. 115,113. 1922 6%. Deposits. Number of depositors . Rate of interest paid during year Dates on which interest was paid 646. First day of Jan., Apr., July and Oct. 72 P.D. Part IV. 8, WORCESTER — WORCESTER CENTRAL LABOR CREDIT UNION. 62 MADISON STREET. Began business August Incorporated July 17, 1915. Thomas J. Conlon, 10, 1915. Walter President. Walter F. F. Read, Treasurer. Read, Clerk of Corporation. Board of Directors: J. H. Ashe, M. J. Bachand, T. J. Conlon, W. H. Habkins, Oliver Jonah, Peter Lavin, T. C. McNamara, P. J. Leary, W. F. Read, F. M. Salters, Hugh Sheridan, G. E. Slthehland, Martin Tracy, Mrs. C. W. Veazie. Credit Committee: L. G. Fay, J. E. Heffron, W. A. Rossley. John O'Shaughnessy, Supervisory Committee: BALANCE SHEET, OCTOBER Loans ...... . Due from banks and trust companies Cash Suspense . • 1923. 31, ...... ..... .... Assets. Investments W. Veazie. E. Scanlon, C. J. Liabilities. $960 00 34,256 06 1,046 08 132 95 78 31 Shares Deposits .... .... .... Guaranty fund Profit and loss Reserve fund Other liabilities 1,42 49 73 92 $36,473 40 $36,473 40 Receipts and Disbura ements during the Year ending October ..... ..... Disbursements. $7,657 37 4,335 45 15,104 87 . Loans repaid Entrance fees Interest . 9 50 31, 1922 $3,412 33 Loans made Expenses 19,692 50 re 68 i3 13 .... Dividends paid Cash on hand, Oct. 31, 1923 565 37 . Shares Deposits 205 09 Interest paid on deposits 2,751 89 4 90 i Cash on hand Oct. 1923. 31, ...... ..... ..... Receipts. Shares Deposits Fines $27,331 83 70 12 1,006 41 1,318 59 1,17 . $30,429 35 $30,429 35 Miscellaneous. Total Expenses for Year. Amount paid for . Salaries. Rent. $520.00 $60.00 Advertising. Other Expenses. Total. $22.75 $175.93 $778.63 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 38. 26. . Par value Number Rate 357. 25 cents. ..... Shares. $5. 5.326. fully paid of dividend, November, 1922 Deposits. Number 46. of depositors Rate of interest paid during year Dates on which interest was paid . 5%. First day Feb., of Nov.. May and Aug. WORCESTER — WORCESTER CREDIT UNION. 50 Incorporated June Nathan Nore, 5, WATER STREET. 1911. Began business June 5, 1911. Nathan Meyers, President. Jacob Markow, Clerk Treasurer. of Corporation. Board of Directors: Harry Babbit, Philip Finkel, David Goldman, Simon Goodman, Isaac Hoffman, Solomon Lofman, Jacob Markow, Nathan Meyers, Nathan Nore, Carl Ostroff, J. D. Rutman. Credit Committee: Louis Cohen, Joseph Goodstein, Hyman Lederman, Jacob Rosh Supervisory Committee: Louis Levinsky, S. E. Ritz, Sam Waxler. (one vacancy). P.D. 8, Part IV. BALANCE SHEET, OCTOBER .... 73 31, 1923. Assets. Loans . Furniture and fixtures Due from banks and . trust . companies Liabilities $169,020 00 26,278 34 Shares Deposits $214,687 50 1,069 87 3,040 89 . Guaranty fund Profit and loss 10,173 11 11,261 12 Reserve fund Reserve for furniture Other liabilities 652 14 1,000 00 413 55 $218,798 26 $218,798 26 Receipts and Disbursements during the Year ending October 31, 1923. DlSBURSEMEN Receipts. Shares Deposits $75,930 00 19,755 01 342,548 60 24 00 20,306 78 34 60 600 00 413 55 9,851 00 . Loans repaid Entrance fees Interest Fines Investments Miscellaneous . Cash on hand Oct. 31, 1922 Shares Deposits $55,610 16,829 380,675 4,846 761 4,079 . Loans made Expenses 00 40 25 07 61 51 1,069 87 2,550 94 3,040 89 Interest paid on deposits Dividends paid Furniture and fixtures Guaranty fund Cash on hand Oct. 31, 1923 $469,463 54 $469,463 54 Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid $3,520.00 for Advertising. Other Expenses. Total. $936.07 $4,846.07 $390.00 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 176. 60. 1,251. 25 cents. . Par value Number Rate ..... Shares. $5. fully paid of dividend, November, 1922 33,804. 7%. Deposits. Number Rate Date 978. of depositors of interest paid during year on which interest was paid . 6%. Oct. 31. WORCESTER — WORCESTER INDEPENDENT WORKMEN'S CIRCLE CREDIT UNION. 102 WATER STREET. Incorporated November 17, 1922. Morris H. Chase, Began business November 18, 1922. Benjamin Goloboff, Treasurer. President. Louis Rosenberg, Clerk of Corporation. Board of Directors: Samuel Allentuch, M. H. Chase, Philip Cooper, Benjamin Goloboff, Louis Rosenberg, Isaac Silverman, Abraham Silver, Joseph Shapiro, Benjamin Shepard. Credit Committee: Joseph Leventhol, Louis Plotkin, Philip Rose, Harry Snegg, Samuel Schwalbe. Supervisory Committee: Benjamin Rosenbaum, A. L. Solomon, Harry Shrier. BALANCE SHEET, OCTOBER ...... 31, Assets. Loans Due from banks and trust companies Miscellaneous 1923. Liabilities $48,904 00 5,001 46 10 00 $53,915 46 Shares Deposits . Guaranty fund Profit and loss $46,705 00 1,476 55 2,324 15 3,409 46 $53,915 46 74 P.D. 8, Part IV. Receipts and Disbursements during the Tear ending October 31, 1923. DlBBURSEMEN Receipts. Shares Deposits Loans repaid $59,150 00 . 1,525 20 78,529 00 Entrance fees 45 00 5,391 19 Interest 39 70 Fines Guaranty fund Shares Deposits $12,445 00 . Loans made Expenses 127,433 00 . 1,14 30 00 Miscellaneous Cash on hand Oct. 5,001 46 31, 1923 1,427 08 $146,107 17 $146,107 17 Miscellaneous. Total Expenses for Year. Amount paid for Salaries. Rent. $509.00 $148.00 Advertising. Other Expenses. Total. $492.06 $1,149.06 Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 425. . Par value Number Rate 31. 394. $1. ..... Shares. $5. 9,341. fully paid of dividend, November, 1922 None. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 99. . None. None. WORCESTER — M. WRIGHT COMPANY CREDIT UNION. S. TREMONT STREET. 164 Incorporated July David R. Templeton, 19, 1921. of Directors: F. C. Credit Committee: W. C. Bertrand, Treasurer. Smith, Clerk of Corporation. Bertrand, H. E. Johnson, J. E. Martinsen, Glenna O'Gara, Ruth H. Smith, C. E. Taylor, D. R. Templeman. L. Supervisory Committee: 17, 1921. Frank President. Ruth H. Board Began business November Chandler, A. Gertrude L. J. Duggan, Helen W. Jackson. Felton, Fayette F. Fuller, E. BALANCE SHEET, OCTOBER 31, Wright. 1923. Assets. Loans Due from banks and trust companies Cash S. Liabilities $1,037 50 1,061 91 30 00 $375 Shares Deposits . 1,696 Guaranty fund Profit and loss 37 19 Receipts and Disbursements during the Year ending October .... .... Entrance Interest fees Fines Miscellaneous Cash on hand Oct. 31, 1922 31, ..... .... 1923. Disbursements. Receipts Shares Deposits Loans repaid I $2,129 41 $2,129 41 $242 81 3,267 42 2,028 50 11 50 64 33 7 55 53 13 308 05 $6,983 29 Shares Deposits Loans made Expenses .... .... Interest paid on deposits 31, 1923 Cash on hand Oct. . $165 31 1,933 715 00 sm 39 91 37 311 1,091 91 $5,983 29 P.D. 8, 75 Part IV. Miscellaneous. Total Expenses for Year. Rent. Salaries. Amount paid Advertising. Other Expenses. Total. $39.91 $39.91 for Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee 46. 36. 69. . Par value Number 25 cents. ..... Shares. $5. 74. fully paid Rate of dividend, November, 1922 None. Deposits. Number of depositors Rate of interest paid during year Dates on which interest was paid 72. . . day First . of No- February, May, and vember, August. WORCESTER — ZION CREDIT UNION. WAVERLY STREET. 10 Incorporated December M. Gorfinkel, 1914. 7, Began business January William Klein, President. Samuel Griff, Board of Directors: Carl Btjrwick, Supervisory Committee: S. I. Feinburg, S. Max Joseph. Benjamin Bernstein, R. Bogage (one vacancy). BALANCE SHEET, OCTOBER 31, 1923. Liabilities $4,942 00 17 09 253 86 . Miscellaneous Cash Shares $4,771 71 . Guaranty fund Undivided earnings Profit and loss 93 05 68 70 265 13 14 36 Reserve fund $5,212 95 $5,212 95 Receipts and Disbursements during the Year ending October .... Loans repaid Entrance fees Interest ..... Fines Miscellaneous Cash on hand Oct. 31, 1922 . 31, 1923. ...... Disbursements. Receipts. Shares Lewis, N. Sack, P. Stein. Assets. Loans Treasurer. Clerk of Corporation. Davidson, M. Gorfinkel, P. Joffe, William Klein, A. Kumin, S. Nohrr, Credit Committee: 4, 1915. $3,770 00 8,016 00 12 00 444 83 1 67 5 15 136 96 Shares Loans made Expenses Cash on hand Oct. . . . . . . . . . . 31, 1923 . $12,386 61 $990 00 11,050 00 92 7f> 253 86 $12,386 61 Miscellaneous. Total Expenses for Year. Amount paid for . Salaries. Rent. $50.00 $30.00 Advertising. Other Expenses. Total. $12.75 $92.75 76 P.D. 8, Part IV. Membership. Number added during year Number withdrawn during year Number of members, Oct. 31, 1923 Amount of entrance fee . 10. . Par value Number Rate ..... 50 cents. Shares. $5. fully paid of dividend, November, 1922 CREDIT UNIONS WHICH HAYE DISCONTINUED BUSINESS AND ARE TO BE LIQUIDATED OR REORGANIZED. MASSACHUSETTS CREDIT UNION. 5 PARK SQUARE, BOSTON, MASS. Incorporated January 22, 1914. Began business February 2, 1914. RANFAC CREDIT UNION. 123 HEATH STREET, BOSTON ROXBURY DISTRICT Incorporated October 31, 1919. Began business November . MASS. 18, 1919. UNITED TAILORS ASSOCIATION CREDIT UNION. 30 LOVERING STREET, BOSTON, MASS. Incorporated April 23, 1915. Began business July 19, 1915. P.D. 8, 77 Part IV. GENERAL INDEX PAGE Credit Credit Credit Credit Credit Unions, Unions, Unions, Unions, Unions, Abstracts of Annual Reports Alphabetically by Corporate Name General Remarks and Recommendations Legislation enacted, 1923 Tables of Statistics 1-76 77 iii .... iv v-vii INDEX TO THE ANNUAL KEPORTS. [Alphabetically by Corporate Name..] CREDIT UNIONS. ...... ...... ....... ..... ...... .... ....... ....... .... ....... .... ...... ....... ....... ...... ...... ....... ...... ...... ...... ....... ....... ...... ...... ..... ...... ...... ..... ..... ...... ...... ....... ...... .... ...... ..... ..... ....... ...... CORPORATE NAME. Augustov Credit Union Beacon Hill Credit Union Beverly Credit Union Beverly Investment Credit Union Blake-Knowles Credit Union Blue Hill Neighborhood Credit Union Boston & Maine R.R. Employees Credit Union Brockton Credit Union Brockton Postal Employees Credit Union Central Credit Union Central Massachusetts Telephone Workers Credit Union Cigar Factory Employees' Credit Union City of Boston Employees' Credit Union Crescent Credit Union D. M. C. Credit Union East Boston Credit Union . . . . Elmco Credit Union Etsco Credit Union Farmanco Credit Union . . . . . . . Filene Co-operative Association Credit Union Fitchburg Credit Union Gilco Credit Union Greater Boston Public School Employees Credit Union Grove Hall Credit Union Hamilton Credit Union Hampden Credit Union Holyoke Credit Union Hygrade Credit Union Industrial Credit Union Jeanne d'Arc Credit Union Jewish Community Credit Union Labor Circle Credit Union La Caisse Populaire de Lawrence Credit Union La Caisse Populaire (Credit Union) of Worcester Lawrence Credit Union Lord Beaconsfield Credit Union Lowell Bleachery Credit Union Mansfield Credit Union Massachusetts Carpenters' Credit Union Massachusetts Credit Union Metrogra Credit Union Metropolitan Credit Union M. S. Wright Company Credit Union Mt. Bowdoin Credit Union Mutual Investment Credit Union Navy Employees' Credit Union Neponset Credit Union New England Credit Union Northern Massachusetts Telephone Workers Credit Union . . . . . LOCATION. Boston Boston Beverly Beverly Cambridge Boston Boston Brockton Brockton Cambridge Worcester Boston Boston Brockton Framingham Boston Boston Boston Boston Boston Fitchburg Boston Boston Boston Southbridge Boston Holyoke Salem Boston . Lowell Salem Lynn . . . . Lawrence . . Worcester . . Lawrence Boston Lowell Mansfield Boston Boston Boston Boston Worcester Boston Maiden Boston East Walpole Worcester Lowell PAGE 2 3 1 2 34 4 5 32 33 35 67 6 7 33 40 8 8 9 10 11 39 12 13 13 59 14 41 57 15 44 58 47 42 68 43 16 45 51 17 76 18 18 74 19 49 20 63 89 45 78 P.D. CORPORATE NAME. LOCATION'. Notre Dame de Lourdes Credit Union People's Credit Union Polish National Credit Union Progressive Credit Union Progressive Workmen's Credit Union of Maiden Prospect Credit Union Ranfac Credit Union Revere Credit Union Rockland Credit Union Sacred Heart Credit Union Salem Credit Union Shawmut Credit Union Shepard Stores Employees' Credit Union Skandia Credit Union Social Service Credit Union South End Credit Union Southern Massachusetts Telephone Workers Credit Union Springfield, Mass., Post Office Employees Credit Union St. Anne Credit Union St. Jean Baptiste Parish Credit Union St. Joseph's Credit Union of Waltham St. Mary's Parish Credit Union State Employees' Credit Union Telephone Workers Credit Union Traders' Credit Union Union Workers' Credit Union United Electric Light Employees Credit Union United Tailors' Association Credit Union Waltham Watch Credit Union Walworth Credit Union Warren Credit Union West End Credit Union Western Massachusetts Telephone Workers Credit Union Whitson Credit Union Winnisimmet Credit Union Winthrop Credit Union Worcester Central Labor Credit Union . Worcester Credit Union Worcester Independent Workmen's Circle Credit Union Workers' Credit Union Zion Credit Union . . . . . . . .... ..... ...... ..... ..... ..... .... ..... ...... ...... % 8, Part IV. PAGE Lowell 40 Winthrop . Chicopee Worcester . 70 50 36 Maiden Cambridge Boston Revere Rockland New Bedford Salem Boston Boston Worcester Boston Boston New Bedford . Springfield New Bedford . 55 56 52 58 21 22 71 23 23 53 60 54 Lynn Waltham 48 Marlborough Boston Boston Boston Boston 51 24 . Springfield 64 26 27 . 61 Boston Waltham 04 28 29 30 Boston Boston Boston Springfield . Boston 31 Chelsea 37 66 Winthrop Worcester Worcester Worcester Fitchburg Worcester 72 72 73 39 7-3
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