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Public
Document
No. 8
®l|e (Eammnttuiraltij of iUaHsarljttBrttjB
ANNUAL REPORT
Commissioner of Banks
Year ending October
Part
31, 1924
IV
EBL.ATING TO
CREDIT UNIONS
Department of Banking and Insurance
POBUCATION OF THIS DOCtJMBNT APPBOTBD BT THE COMMISSION ON ADMINISTRATION AND FiNANCE
®!][p
OlomntnmitpaUli at ilaaaariiitaptta
Office of the Commissioner of Banks,
State House, Boston, January 21, 1925.
To the Honorable Senate and House of Representatives of the
of Massachusetts in General Court assembled:
Commonwealth
The abstract of the annual report of the Commissioner of Banks, required by
General Laws, chapter 167, section 9, is 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.
Consolidated Statement of All Institutions under Supervision of the Commissioner of
Banks, October 31, 1924.'
196 Savings banks
95 Trust companies:
95 Commercial departments
76 Savings departments
49 Trust departments
217 Co-operative banks
3 Savings and loan associations
Massachusetts Hospital Life Insurance Company
1 Foreign banking corporation, branch offce
89 Credit unions
41 Persons, partnerships or corporations receiving
....
....
1
$1,667,602,234 65
$97,613,420 82
6.22
40
75
77
9.80
12.37
10.57
17.83
8.55
1.91
45.37
18.48
2,687,581 432
906,857 44
137,547 40
90,605 09
5.39
11.10
$3,205,875,577 45
1,294,213,000 003
$258,657,609 78
71,846,000 00
641,406 442 21
160,141 155 99
375,950, 705 70
311,962 791 49
3,189, 969 45
32,183, 806 72
2,383, 222 12
7,460, 810 25
deposits for safe-keeping or transftiission
State bank
643
157 National Banks
I
57,271,504
17,627,452
35,948,883
47,207,159
251,306
602,312
743,848
1,163,568
54
64
38
51
48
1 Figures of trust companies and national banks as of October 10, 1924; co-operative banks as of the
close of their October business.
2 Assets of those receiving deposits for safe-keeping are shown herewith in so far as they are within the
provisions of General Laws, chapter 169.
3 Does not include trust department assets the figures for which are not returned to the Comptroller
of the Currency.
Savings Banks
Savings bank assets show an increase of 6 per cent during the year. The decrease from 9 per cent reported during 1923 was due undoubtedly to employment
Dividends distributed during the year to the 2,785,000 depositors
conditions.
totaled $65,000,000, while at the same time the banks increased their surplus
Regarding the transmission of
$7,865,000, as further protection against losses.
funds abroad, reports show that for the first full year of this additional service to
the public $636,408.77 was received for this purpose by forty-six savings banks
representing 4,837 transactions. Through the school savings systems the savings
banks are undoubtedly building for themselves through the teaching of thrift a
future which will be of lasting benefit to our commonwealth. Figures for the year
show an
increasing interest in this feature.
Trust Companies
It is particulai-ly gratifying to report a substantial increase in the assets of all
departments of trust companies, $110,847,840, or 10 per cent. As commented
upon in our last annual report, there were two ways in which it appeared that trust
p. D. 8, Part IV.
iii
companies were handicapped in their competition with national banks: taxation
and the segregation of savings deposits. The taxation of trust companies was
put on an equal plane with that of national banks during 19'-24 and is having
further consideration by a special committee appointed by the Governor; in regard
to the segregation of savings deposits, I can only repeat that I believe the wisdom
of such a course will be more apparent as time goes on.
During the year the plan of having that portion of this department which is
engaged in the supervision of trust companies become self-supporting was put into
effect and the cost of maintaining this department this year will be decreased
by approximately $60,000.
The results of the investigation regarding the rule promulgated by the Boston
Clearing House, whereby a service charge is made on small checking accounts in
trust companies and national banks, will be found in a special report to the General
Court.
Co-operative Banks
Co-operative banks have maintained and surpassed the rate of increase in assets
which has been shown for several years previous. There are now 217 of these
banks with total assets of approximately $312,000,000, an increase of approximately 18 per cent for the year. Each succeeding year has shown a larger increase
than the preceding one, which fact reflects the constantly growing popularity of
these banks and their record of stability and service which make them an essential
part of the banking system of our commonwealth.
The demand for mortgage funds throughout the state continues in excess of the
funds available. This fact is doubly interesting in view of the limit of $8,000
placed on each loan.
Credit Unions
The number of credit unions in the commonwealth has not increased during
1924.
Although three new ones commenced business, these were offset by four
ceasing business and liquidating their affairs. Aggregate assets, however, have
shown an excellent growth, the increase amounting to approximately $1,163,000
or 18§ per cent.
In my opinion, there is a need for institutions of this character,
organized as they are for the mutual interests of their members whose needs cannot be served by the larger financial institutions. The legislature at its last
session provided for a committee to study the laws regulating credit unions and it
is hoped that the recommendations of this committee, if adopted, will solve many
problems now surrounding their operation and supervision.
Private Bankers
reference to those persons licensed by this department to engage in the
business of receiving deposits of money for safe keeping or for the purpose of transmitting the same to foreign countries, I am glad to report that by reason of favorable action on the referendum at the state election in November, 1924, chapter 473
Under this law larger bonds for the proof the acts of 1923 is now operative.
tection of those of our citizens who deposit money with them for safekeeping or
transmission abroad are now being required.
With
Legislation Recommended
The
provision in the present statute whereby officers of savings banks are required to furnish a new fidelity bond at least once in five years is undoubtedly a
survival of the days when personal sureties were acceptable on such bonds. It is
a requirement which at the present time not only appears unnecessary but the
added expense caused by this provision seems unwarranted, as any advantage
which might be gained by it is uncertain. Only such surety companies as are
eligible to do business in this commonwealth are accepted as surety on such bonds,
and the protection afforded by a continuous bond will, in the opinion of this department, meet the requirements of the situation. Therefore, it is recommended
that this provision of the statutes be eliminated.
The rapid growth of co-operative banks renders it desirable for certain of the
p. D.
iv
8,
IV.
This
larger oues to obtain the coverage afforded by the bankers blanket bond.
form of bond is now used by a great many savings banks and trust companies.
This recommendation that the benefits of such bonds be made available to cooperative banks, while granting the additional privilege obtained by the protection
afforded by them, does not in any way lower the standard of protection now required and will make no change in cases where this form of bond is not desired.
The present law which requires that unclaimed funds of banks in the possession
of the commissioner shall be deposited in his name and held indefinitely, should be
amended to provide that after such funds have been held by him for twelve months
after the payment of the final dividend, they shall be paid to the treasurer and
receiver-general to be held in trust for the persons entitled to receive them.
Bills covering the above recommendations have been filed for consideration.
I take pleasure in presenting herewith certain statistics concerning the various
institutions under the supervision of this department wliich 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.
p. D. 8, Part IV.
CREDIT UNIONS
Credit Unions which have
Nov.
22, 1923
1924
Mar. 21, 1924
Jan.
1,
Commenced Business during
the
Year
Crossett Credit Union, North Abington.
Independent Order Sons of Italy Credit Union, Boston,
Boston Post Office Employees' Credit Union, Boston.
Credit Unions in Voluntary Liquidation
Etsco Credit Union, Boston. \^
Greater Boston Credit Union, Boston.
Navy Employees' Credit Union, Charlestown.'
Ranfac Credit Union, Boston.\^
Roxbury Credit Union, Boston.
Salem Central Labor Credit Union, Salem.^
Santa Maria Credit Union, Maiden.^
Waltham Watch Credit Union, Waltham.'
1
Commenced
2
Completed liquidation during the year.
liquidation during the year.
Dividends in Liquidation held by the Commissioner remaining unpaid
P. D.
vi
STATEMENT
No.
Aggregate Statement of Condition October
...
....
Other assets
Part IV.
Credit Unions
Liabilities
Furniture and fixtures
Deposits in savings banks *
Due from banks
— 89
31, 1924
Assets
Investments
Loans
8,
1
.
.
Cash
$977,649
5,706,018
26,064
206,887
452,587
34,821
56,780
98
09
85
97
62
38
36
Shares
Deposits
.
.
.
.
.
.
....
Guaranty fund
Undivided earnings
Profit and loss
Reserve fund
Bills payable
Other liabihties
$7,460,810 25
$3,777,918
3,006,461
291,963
86,700
241,690
27,418
21,424
7,233
48
91
13
24
07
36
98
08
$7,460,810 25
* Including savings departments of trust companies.
STATEMENT
No.
2
Receipts and Disbursements during Year ending October
Entrance
'.
^
'
.
fees
Interest
Fines
....
....
Investments
Guaranty fund
Undivided earnings
Furniture and fixtures
Reserve fund
Bills payable
Sundries
Cash, Oct. 31, 1923
.
.
.
$1,728,952
2,943,168
5,281,028
6,597
529,616
16,334
458,030
796
2,251
1,912
429
.
.
.
39
48
Shares
Deposits
95
Loans
Expenses
96
87
89
40
79
33
33
23
87
42
27,039
72,200
555,915 11
Interest paid
Dividends paid
Investments
Guaranty fund
Furniture and fixtures
Undivided earnings
Reserve fund
Bills payable
Sundries
Cash, Oct. 31, 1924
....
.
STATEMENT
Statistics relative to
of shares fully paid
of members added during year
of members withdrawn during year
of members Oct. 31, 1924
of borrowers
of depositors
.
.
.
\
.
.
$1,023,928
2,612,126
6,220,550
117,307
117,183
165,292
496,085
22,080
11,930
8,468
2,893
9,100
101,070
716,255
66
31
26
37
75
70
85
47
57
81
68
00
74
95
$11,624,275 02
$11,624,275 02
Number
Number
Number
Number
Number
Number
1924
Disbursements
Receipts
'.
'.
Shares
Deposits
Loans repaid
31,
No. 3
Membership
^''?'q*'o
'^cnon
8,989
fo'aoQ
o? o^n
21,279
p.
D.
8,
Part IV.
o
H
C/3
o
<
PL,
p. D. 8, Part IV.
STATEMENT
No.
5
Classification of Loans
Secured by:
First 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
$1,954,390
1,149,159
40,456
109,696
491,894
124,465
....
....
....
.
28
84
07
52
79
24
1,835,955 35
$5,706,018 09
STATEMENT
No.
Profit and Loss
Debits
Expenses
Dividends on shares
Interest on deposits
Transfer to guaranty fund
Transfer to reserve fund
Undivided earnings
.
.
Furniture and fixtures
Miscellaneous
Balance Oct. 31, 1924
6
ABSTRACT OF ANNUAL REPORTS OF THE CREDIT
UNIONS SHOWING THEIR CONDITION AT CLOSE
OF BUSINESS OCTOBER 31, 1924.
ABINGTON — CROSSETT CREDIT UNION
RAILROAD AND BIRCH STREETS
Incorporated
Thomas H.
November
14, 1923.
Began business November
22,
1923
Winthrop C. Turner, Treasurer.
Bailey, President.
Gertrude E. Mann, Clerk of Corporation.
Board of Directors: T. H. Bailey, J. B. Casey, Mary E. Davis, A. E. Doherty, Gertrude E. Mann, Louise
M. McDermott, F. V. Thomas, W. C. Turner, P. .1. White.
Credit Committee:
Agnes C. Mercer, E.
Supervisory Committee:
J.
W. Bowker,
F. Phinney,
W.
J.
Reardon.
E. H. Naylor, H. H. Wright.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Investments
Liabilities
S400 00
Loans
Due from banks and
....
Shares
Deposits
1,800 00
Guaranty fund
Profit and loss
trust companies:
Savings accoiints
Checking accounts
$880 00
1,110 80
.
2,524 94
45 00
134 70
273 84
$3,584 64
$3,584 64
Receipts and Disbursements during the Year ending October 31, 1924
Dis bursements
Receipts
Shares
Deposits
Loans repaid
$1,254
5,905
1,533
198
.
Interest
Entrance
50
87
20
Shares
Deposits
Investments
86
Loans made
Expense
45 00
fees
$374 50
.
3,380 93
400 00
00
00
82
34
84
2,644
14
34
15
2,073
Interest paid
Interest refunded
Cash, Oct. 31, 1924
$8,937 43
3,937 43
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Salaries
-
Rent
Advertising
-
-
Other Expenses
$14.00
Total
$14.00
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
180
56
124
25 cents
Shares
Par value
$5
34
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
176
none
Deposits
Number
Rate of
of depositors
interest paid during year
Interest payable
91
5%
1,
May 1,
Nov.
Feb.
Aug.
1,
1
2
BEVERLY — BEVERLY CREDIT UNION
170
P. D. 8, Part IV.
CABOT STREET
Incorporated February 20, 1917.
Began business March
8,
1917.
Walter
Charles A. King, President.
S. Flint, Treasurer.
Albert T. Little, Clerk of Corporation.
of Directors: T. H. Bott, Jr., F. A. Cressy, Edward Dunt, W. S. Flint, A. G. Foster, D. J. Goodwin,
U. G. Haskell, C. A. King, A. T. Little, J. H. Newell, G. A. Sands, W. M. Shay, B. F. Swasey, R. E.
Board
Thierfelder.
Credit Committee:
W. W. Laws,
G. A. Endicott, G. L. Young.
Supervisory Committee: L. S. Smith, G. A. Gove.
BALANCE SHEET, OCTOBER
•
31,
1924
Liabilities
Assets
Loans
Due from banks and trust companies:
Checking accounts
Cash
847,021 95
Shares
.
Guaranty fund
3,929 56
291 34
.
Undivided earnings
Profit and loss
Discount
$51,242 85
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
Shares
.
Loans repaid
Interest
Entrance
Fines
fees
.
Other receipts
Cash, Oct. 31, 1923
S43,141
2,917
2,491
2,191
501
35
58
02
65
25
$51,242 85
p. D. 8, Part IV.
BALANCE SHEET, CX:T0BER
....
Assets
Investments
Loans
Furniture and fixtures
Due from banks and trust companies:
....
Checking accounts
Other assets
31,
1924
p. D. 8, Part IV.
Receipts and Disbursements durinir the Year ending October 31, 1924
Shares
....
....
Loans repaid
Interest
Entrance
Fines
.
.
fees
Special reserve
.
Furniture and fixtures
Liquidation account
Other receipts
Cash, Oct. 31, 1923
.
.
$677 66
5
p. D. 8, Part IV.
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Rent
Advertising
$423.31
-
Salaries
$1,810.00
Total
$2,799.23
Other Expenses
565.92
Membership
248
85
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
778
$2
Shares
Par value
|5
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
oon
18,389
10%
Deposits
12
Number
Rate
of depositors
of interest paid during
6%
Nov. 15, Feb. 15,
May 15, Aug. 15
year
Interest payable
BOSTON — BLUE HILL NEIGHBORHOOD CREDIT UNION
1151
BLUE HILL AVENUE (DORCHESTER DISTRICT)
Incorporated January
Adolph UUman,
3,
1921.
Began business January
3,
1921
PhiUp H. Louis, Treasurer.
President.
Joseph G. Kofman, Clerk of Corporation.
Board of Directors: Mrs. Wm. AronoS, Jacob Brickman, N. Braimstein,
Greenstein, J. G. Kofman, P. H. Louis, M. E. Schneider, William
Credit Committee: N. J. Golden, Morris
Supervisory Committee:
WiUiam
Mappen, R. R.
Aronoff, B. E. Gorden,
BALANCE SHEET, OCTOBER
Furniture and fixtures
31,
1924
Liabilities
$80,645 26
1,598 56
16,347 90
429 .50
300 00
Cash
$81,447
9,108
3,251
3
1,017
4,492
Shares
Deposits
.
Guaranty fund
Due from banks and trust companies:
Checking accounts
Other assets
S. F.
Sherter.
Assets
Loans
Harry Gerber,
Adolph UUman.
Gelles,
Seigle,
Benjamin Rosenblum.
Miller,
Leon
Max
.
Reserve fund
Undivided earnings
Profit
and
loss
80
41
87
04
59
51
$99,321 22
$99,321 22
Receipts and Disbursements during: the Year ending October 31, 1924
Disbursements
Receipts
73
65
09
99
320 70
252 47
$56,314
17,665
124,591
8,803
Shares
Deposits
Loans repaid
.
Interest
Entrance
fees
Fines
Books sold
56 55
2,201 49
11,110 43
.
Other receipts
Cash, Oct. 31, 1923
93
87
00
04
288 54
$25,704
13,526
155,801
3,049
Shares
Deposits
.
Loans made
Expense
Interest paid
Dividends paid
Guaranty fund
Furniture and fixtures
Other disbursements
Cash, Oct. 31, 1924
2,609 13
491 75
1,229 57
1,968 37
16,647 90
$221,317 10
$221,317 10
M iscellaneous
Total Expenses for Year
Amount
paid for
....
Salaries
Rent
Advertising
$1,347.50
$611.61
$13.00
Other Expenses
$1,076.93
Total
$3,049.04
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
347
95
931
*l lor
„*"^|''.^', '^
cents for children
under 16 years.
P. D. 8, Part IV.
6
Shares
Par value
$5
400
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
15,312
8%
Number
64
Rate
6%
of depositors
of interest paid during year
Interest payable
Nov.
Feb.
1,
May
1,
Aug.
1,
1
BOSTON — BOSTON POST OFFICE EMPLOYEES' CREDIT UNION
ROOM 45, POST OFFICE BUILDING, MILK STREET
Incorporated March
John
12, 1924.
Began business March
21, 1924
Edmund
L. Laverty, President.
Edmund
F. Doyle, Treasurer.
F. Doyle, Clerk of Corporation.
of Directors: Abraham Abramhoff, Joseph Adams, W. P. Barry, J. F. Donehy, E. F. Doyle, M. J.
Dunn, A. M. Flaherty, D. J. Hammond, W. E. Hoaglin, A. H. Holmes, J. W. Houston, J. L. Laverty,
P. Lindsay, C. H. Norton, W. J. O'Brien.
Board
W.
Credit Committee:
M.
J.
Supervisory Committee :
Eagan,
W. D.
J.
L. Shannon, E. P. Sullivan.
Berkeley,
M.
F. Macalouski.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Liabilities
Loans
Due from banks and trust companies:
Checking accounts
$20,683 20
271 92
$18,110 75
Shares
Deposits
.
1,112 00
Guaranty fund
Profit and loss
516 87
1,215 50
$20,955 12
$20,955 12
Receipts and Disbursements during the Year ending October
Shares
Deposits
$19,243 50
1,391 71
7,904 83
1,892 91
213 00
17 74
.
Loans repaid
Interest
Entrance fees
Fines
31, 1924
Disbursements
Receipts
$1,132 75
279 71
28,588 03
334 52
56 76
271 92
Shares
Deposits
.
Loans made
Expense
Interest refunded
Cash, Oct. 31, 1924
$30,663 69
$30,663 69
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Salaries
$84.50
Rent
-
Advertising
Other Expenses
$13.05
$236.97
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
852
25
827
25 cents
Shares
Par value
Largest number held by one
Number fully paid
Rate
of dividend,
$5
200
3,292
member
November, 1923
none
Deposits
Number
Rate
of depositors
of interest paid during
Interest payable
61
year
.
none
none
Total
$334.52
p. D. 8, Part IV.
BOSTON — BOSTON AND MAINE RAILROAD EMPLOYEES' CREDIT
UNION
152
7
CAUSEWAY STREET
Incorporated February 26, 1915.
Began business March
N. H. Ricker, President.
1915
1,
R.
M. Spinney,
Treasurer.
C. D. Smith, Clerk of Corporation.
Board
of Directors: R. C. Babbidge, H. F. Frederick, F. T. Gleason, Louis J. Miller,
M. Spinney, H. D. Ulrich.
N. H. Ricker,
C D
Smith, R.
Credit Committee: F. J. Tague,
M.
Supervisory Commitee: C. N. Eddy,
J.
J.
Crowley,
J. A. Freeman,
A. E. Varley.
J. J.
Lloyd, E.
E. Marshall, G. F. Sheridan.
BALANCE SHEET, OCTOBER
31,
1924
J.
Markham,
J
C
Moher,
:
8
Board
of Directors: A. Breebaart,
Credit Committee: A.
P. D. 8, Part IV.
William Collins, Forest Howe, F. Gillespie, Thomas Mulvey, Ida Smith,
B. Stahl, Aaron Velleman, A. Woolf.
Abrahams, John Evans, A. Mordecai,
Supervisory Committee: Sol Haag,
W.
J.
Meckel,
W.
J.
Wolf.
R. McCool.
BALANCE SHEET, OCTOBER
33,
1924
Liabilities
Assets
$71 00
34,015 65
Investments
Loans
Furniture and fixtures
.
.
.
....
200 00
Due from banks and trust companies
Savings accounts
Checking accounts
4,147 99
1,312 02
Shares
Deposits
.
Guaranty fund
.
Reserve fund
Undivided earnings
Profit
and
$33,237
2,354
2,046
576
50
1,531
loss
47
50
00
57
50
32
49 70
Cash
$39,796 36
$39,798 36
Receipts and Disbursements during^ the Year ending October 31, 1924
Dis
Receipts
Shares
Deposits
Investments
Loans repaid
.
Interest
Entrance
fees
Fines
Cash, Oct. 31, 1923
.
$25,507 66
1,815 30
50 00
45,174 50
3,648 89
64 75
32 90
9,631 58
$85,925 58
p. D.
8,
Part IV.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Liabilities
Loans
Due from banks and trust companies:
Savings accounts
Checking accounts
S72,028 99
....
2,000 00
12,277 61
Cash
756 30
Shares
Deposits
$20,783 08
51,551 16
3,388 37
.
Guaranty fund
.
Reserve fund
Undivided earnings
Profit
and
215 08
7,358 90
3,766 31
loss
$87,062 90
$87,062 90
Receipts and Disbursements during: the Year ending October
Receipts
$6,020
33,697
122,025
8,404
Shares
Deposits
.
Loans repaid
Interest
Entrance
31, 1924
Dishursements
332
185
354
261
573
fees
Fines
Undivided earnings
Reserve fund
Dividends payable
Cash, Oct. 31, 1923
88
Shares
Deposits
19
91
Loans made
Expense
00
08
34
68
25
Interest paid
16
12,069 32
$3,321
21,545
137,539
1,648
2,319
.
Dividends paid
Interest refunded
Guaranty fund
Reserve fund
Undivided earnings
Cash, Oct. 31, 1924
829
362
708
353
98
66
61
04
43
38
34
40
38
261 68
15,033 91
$183,923 81
$183,923 81
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
Rent
Advertising
$1,400.00
-
-
Other Expenses
$248.04
Total
$1,648.04
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
427
205
1,518
25 cents
Shares
Par value
Rate
of dividend,
$5
100
member
Largest number held by one
Niunber fully paid
3,650
6%
November, 1923
Deposits
Number
Rate
of depositors
of interest paid during
346
6%
Nov. 1, Feb. 1,
May 1, Aug. 1
year
Interest payable
BOSTON — EAST BOSTON CREDIT UNION
155
CHELSEA STREET (EAST BOSTON DISTRICT)
Incorporated July 31, 1913.
David Wolf,
Began
business Augiist 14, 1913
Alexander ElUs, Treasurer.
President.
Simon
Board of Directors:
Credit Committee:
S. J.
Simon
J.
Aronson, Clerk of Corporation.
Aronson, Nathan Berrish, Alexander Elhs, Morris Goldstein, Israel
Tannenbaum, David Wolf.
Fine,
Samuel Kansky,
Soil,
Samuel
Israel Pearlmutter.
Supervisory Committee: Louis Kansky, Michil Stocklan, David Wolf.
BALANCE SHEET, OCTOBER
31,
Assets
Loans
Liabilities
$5,111 93
Due from banks and trust companies:
Checking accounts
1924
304 82
$5,416 75
Shares
.
Guaranty fund
Profit and loss
$4,958 64
322 00
136 11
$5,416 75
10
p. D. 8, Part IV.
Receipts and Disbursements during the Year ending: October 31, 1924
Disbursements
Receipts
Shares
Loans made
Expense
Dividends paid
447 99
19 20
5 04
297 18
Interest
Entrance
Shares
$3,060 91
10,838 39
.
Loans repaid
fees
Fines
Cash, Oct. 31, 1923
.
....
....
Cash, Oct. 31, 1924
$2,064 52
11,777 00
368 85
153 52
304 82
.
$14,668 71
$14,668 71
Miscellaneous
Total Expenses for Year
Amount
paid for
...
.
Salaries
Rent
$218.50
$52.00
Other Expenses
$98.35
Advertising
-
Total
$368.85
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
19
28
83
$1
Shares
Par value
Largest number held by one
Number fully paid
Rate
of dividend,
$5
105
983
member
8%
November, 1923
BOSTON — ELMCO CREDIT UNION
WASHINGTON STREET
119
Incorporated October 14, 1914.
Thomas
J.
Began business October
19,
Max
Board of Directors:
Max
Bernhardt, T.
J.
Mark Marks (two
Brady,
Delea, Jacob Levy, C.
J. J.
Marks.
vacancies).
BALANCE SHEET, OCTOBER
Suspense
S.
Whitcomb.
31,
1924
Assets
Loans
Due from banks and trust companies:
Checking accounts
Bernhardt, Treasurer.
Bernhardt, Clerk of Corporation.
Credit Committee: L. G. Joel, Jacob Smith, Earl
Supervisory Committee:
1914
Max
Brady, President.
Liabilities
Shares
Deposits
$1,717 10
$1,567 00
.
44
264
3
109
Guaranty fund
Undivided earnings
Profit and loss
262 08
.
9 50
Receipts and Disbursements during^
tihe
Year ending October
$151 75
1 75
Interest
Cash, Oct. 31, 1923
31,
1924
Disbursements
Receipts
.
18
03
$1,988 68
$1,988 68
Shares
Deposits
Loans repaid
65
82
2,130 40
9 10
612 73
Shares
Deposits
Loans made
Expense
Guaranty fund
....
....
Suspense
Cash, Oct. 31, 1924
.
$2,905 73
$1,371 75
467 50
758 00
17 40
19 50
9 50
262 08
$2,905 73
Miscellaneous
Total Expenses for Year
Salaries
Amount paid
for
Rent
Advertising
Other Expenses
$17.40
Total
$17.40
p. D.
8,
Part IV.
11
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
none
45
77
10 cents
Shares
Par value
S5
25
291
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
5%
Deposits
Number
of depositors
of interest paid during year
Interest payable
11
5%
1,
May 1,
Rate
Nov.
Feb.
Aug.
1,
1
BOSTON — FARMANCO CREDIT UNION
BARTLETT SQUARE (JAMAICA PLAIN DISTRICT)
Incorporated January 28, 1922.
Began business February
13,
Charles H. Gilbert, President.
1922
Lucien E. Vogt, Treasurer.
Elizabeth G. Peak, Clerk of Corporation.
Board of Directors :
J.
H. Crook, Eva
V. Fluster, C. H. Gilbert, Jennie Lamont,
M. Strong, L. E. Vogt.
G. Peak, Jean
Credit Committee: Herbert Dillingham, R.
Supervisory Committee:
M.
E.
M. Dugdale, H. H. Lounsberry.
Dunham, W.
A. Daniels, F. E. Mansfield.
BALANCE SHEET, OCTOBER
Assets
31,
1924
J.
B. MacKinnon, Ehzabeth
P.
12
D.
Part IV.
8,
Deposits
Number
118
Rate
43^%
of depositors
of interest paid during year
Interest payable
Nov.
1,
May
1,
Feb.
Aug.
1,
1
BOSTON — FILENE CO-OPERATIVE ASSOCIATION CREDIT UNION
WASHINGTON STREET
426
Began business November
Incorporated October 21, 1921.
1,
1921
Charles P. Smith, Treasurer.
Austin C. Benton, President.
Charles P. Smith, Clerk of Corporation.
Board
WiUiam Bixby, G. G.
of Directors: A. C. Benton,
Benjamin Raphael, C. P.
Goldie, R. L. Harlow,
Smith.
Credit Committee:
Maude
Anna M.
E. Brennan,
McMahon,
Supervisory Committee: L. T.
Carroll,
H. R. Floyd.
C. T. O'Connell, F.
W.
Stuart.
BALANCE SHEET, OCTOBER
.
1924
Liabilities
Assets
Investments
Loans
Due from banks and trust companies:
Checking accounts
.
31,
3142,536 71
53,105 16
Shares
Deposits
$15,285
191,352
606
1,125
189
.
Guaranty fund
Undivided earnings
Profit and loss
.
8,227 56
4,690 06
.
Cash
34
23
09
88
95
$208,559 49
$208,559 49
Receipts and Disbursements during the Year ending October
31, 1924
Disbursements
Receipt.
$7,109
258,150
140,158
130,969
Shares
Deposits
Investments
Loans repaid
.
Expense
1
87
83
43
90
60
Entrance fees
10,346 61
5 73
Fines
Cash, Oct. 31, 1923
22 40
33,905 83
Interest
$5,143
335,466
108,103
108,221
617
9,515
683
2
12,917
Shares
Deposits
Investments
.
Loans made
Expense
Interest paid
Dividends paid
Other disbursements
Cash, Oct. 31, 1924
03
39
63
87
67
40
24
25
62
$580,671 10
$580,671 10
Miscellaneous
Total Expenses for Year
Amount
paid for
Rent
-
Salaries
....
-
Other Expenses
$617.67
Advertising
-
Total
$617.67
Membership
760
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
„c'.
1,787
one cent
Shares
Par value
Largest number held by one
Niunber fully paid
Rate
of dividend,
*5
^00
member
am
o
/o
November, 1923
Deposits
Number
\'^^
Rate
V" 30,
o.^ /^ x oi
Oct. 31
Apr.
of depositors
of interest paid during year
Interest payable
BOSTON — GILCO CREDIT UNION
417
WASHINGTON STREET
Incorporated July 11, 1914.
F.
Frank Vorenberg,
Began business July
22,
1914
Charles
President.
Anastasia L. Ward, Clerk of Corporation.
W. Harvey,
Treasurer.
p. D. 8, Part IV.
13
Board of Directors: J. J. Bulger, F. R. Callaway, Louis Campbell, C. W. Harvey, Robert Heartz, Adam
HughiU, Alexander Jardine, Henry Nieland, E. F. Putnam, F. W. Small, A. E. Stevens, Oscar Swanson,
F. F. Vorenberg, Anastasia L.
Credit Committee: 3. T. Chase, C.
Supervisory Committee: H.
W.
Ward.
W. Downes,
J.
D. Parker.
Schashke, Fred Vorenberg, B.
Whiston.
S.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Investments
Loans
Due from banks and trust companies:
Checking accounts
Liabilities
$25,383 20
13,695 92
Shares
Deposits
$20,013 31
22,798 90
.
Guaranty fund
5,877 61
.
Reserve fund
Undivided earnings
Profit
and
loss
$44,956 73
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
Shares
Deposits
Investments
Loans repaid
.
Expense
Interest
Entrance fees
Other receipts
Cash, Oct. 31, 1923
$15,194
49,846
28,007
31,742
73
2,897
113
264
2,608
91
45
35
58
90
15
75
24
51
$130,748 84
909 75
86 37
39 84
1,108 56
$44,956 73
14
P. D.
BALANCE SHEET, OCTOBER
31,
Assets
Part IV.
Liabilities
Loans
....
Shares
$1,256 80
Due from banks and trust companies:
Checking accounts
8,
1924
$1,235 95
61 29
177 44
.
Guaranty fund
Profit and loss
217 88
$1,474 68
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
Shares
Disbursement
$523 95
2,377 20
188 10
3 25
30 33
99 41
.
Loans repaid
Interest
Entrance fees
Fines
Cash, Oct. 31, 1923
.
Shares
$75 00
.
Loans made
Expense
Dividends paid
Cash, Oct. 31, 1924
2,895 00
7 00
27 36
217 88
.
$3,222 24
$3,222 24
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
Rent
Advertising
-
—
-
Other Expenses
$7 00
.
Total
$7.00
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
14
6
68
25 cents
Shares
Par value
$5
50
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
246
4M%
BOSTON — GROVE HALL CREDIT UNION
386
BLUE HILL AVENUE (ROXBURY DISTRICT)
Incorporated July 12, 1923.
Hyman
Board of Directors: Loms Berg, Myer
Hyman
Supervisory Committee: S.
12,
1923
Myer
Charles Corkin, President.
Credit Committee:
Began business July
Co-iHitz,
J.
A.
Coffin, Treasurer.
Covitz, Clerk of Corporation.
Coffin, Charles Corkin,
M. Golden,
H. N. Sosnosky,
Max
Zall.
C. D. Golub.
Golden, D. Murstein,
M.
Slinsky.
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Assets
Loans
Due from banks and trust companies:
Checking accounts
•
$2,895 00
217 50
Shares
$2,705 00
174 38
205 56
27 56
.
Guaranty fund
Profit and loss
Other liabiHties
$3,112 50
$3,112 50
Receipts- and Disbursements during the year ending October 31, 1924
Disbursements
Receipts
Shares
.
Loans repaid
Interest
Entrance fees
Fines
.
Other receipts
Cash, Oct. 31, 1923
$1,437 00
6,233 00
344 01
47 00
3 68
64 36
2 85
$8,121 90
Shares
Loans made
Expense
....
Cash, Oct. 31, 1924
.
$148 00
7,692 00
64 40
217 50
$8,121 90
p.
D.
8,
Part IV.
15
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Rent
-
Salaries
$49.40
Other Expenses
$15.00
Advertising
-
Total
$64.40
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
32
none
70
$2
Shares
Par value
$10
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
none
10
255
BOSTON — HAMPDEN CREDIT UNION
250
EUSTIS STREET, (ROXBURY DISTRICT)
Incorporated July
Rubin Jacobs,
17, 1916.
Began business August
28,
1916
Morris Rodnetsky, Treasurer.
President.
H. L. Lurie, Clerk of Corporation.
Board of Directors: M. Cohen, R. Jacobs, H. L. Lurie, Morris Rodnetsky, P. Shaller
Credit Committee:
H.
Israelson,
Joseph Rodnetsky (one vacancy).
Supervisory Committee: Wolf Lurie, Joseph Lewis, L. Maurier.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Loans
Due from banks and trust companies
Checking accounts
Liabilities
$5,078 00
21 56
Shares
$4,537 32
.
Guaranty fund
Profit and loss
218 92
343 32
$5,099 56
$5,099 5S
Receipts and Disbursements during: the Year ending October
Shares
$3,415 08
10,291 00
542 75
37 55
17 90
45 58
94 77
.
Loans repaid
Interest
Entrance fees
Fines
.
Other receipts
Cash, Oct. 31, 1923
31, 1924
Disbursements
Receipts
Shares
$1,282
12,849
177
114
21
.
Loans made
Expense
Dividends paid
.
Cash, Oct. 31, 1924
$14,444 63
34
41
08
24
56
$14,444 S3
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Salaries
$78.00
Rent
$52.00
Advertising
-
Other Expenses
$47.08
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
49
10
104
$1
Shares
Par Value
Largest number held by one
Number fully paid
Rate
of dividend,
member
November, 1923
$5
43
900
5%
Total
$177.08
16
P.
D.
8,
Part IV.
BOSTON — INDEPENDENT ORDER SONS OF ITALY CREDIT UNION
HANOVER STREET
170
Incorporated December
3,
1923.
Began business January
Edward
Board
of Directors :
1,
1924
John Spina, Treasurer.
Guiseppe Bandini, President.
Cincotti, Clerk of Corporation.
Frank Arrigo, Salvatore Bianchino, Joseph De Sisto, Joseph Flammia, Carmile Micale,
Ferdinando Trani.
Credit Committee:
Andrea
Aloise, Letterio Quattrocchi, Angelo Scotti.
Supervisory Committee: Joseph Scienti, Gennare Tempone, Serafino Troiani.
BALANCE SHEET, OCTOBER
31,
$2,800 00
Loans
Furniture and fixtures
Due from banks and trust
35 00
companies:
148 68
56 56
Checking accounts
Cash
1924
Liabilities
Assets
Shares
Deposits
.
Guaranty fund
Profit and loss
$3,040 24
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
Shares
Deposits
Loans repaid
.
Interest
Entrance
fees
Fines
Investigation fees
.
$2,137 00
755 00
100 10
48 14
$3,040 24
17
p. D. 8, Part IV.
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Assets
Loans
Furniture and
fixtiu'es
Savings accounts
....
....
1
S50,093
2,055
2,605
2,713
.
Guaranty fund
Reserve fund
Due from banks and trust companies:
Checking accounts
Cash
54
99
75
22
988 27
2,152 94
Shares
Deposits
$9,875 80
46,763 09
228 58
Investments
.
Undivided earnings
00
3,476 46
Profit
and
loss
264 78
$60,609 71
$60,609 71
Receipts and Disbursements during the Year ending October 31, 1924
Dis bursements
Receipts
Shares
Deposits
Investments
Loans repaid
$15,099
2,677
5
76,324
.
....
Fines
.
Other receipts
Cash, Oct. 31, 1923
Loans made
Expense
Interest paid
68 00
773 09
43 50
Guaranty fund
Furniture and fixtures
Dividends paid
Guaranty fund
Reserve fund
Cash, Oct. 31, 1924
27 36
13 88
10,770 30
.
$27,184
2,380
10
70,204
2,086
80
.
5,097 91
Interest
Entrance fees
69
03
00
52
92
92
1,445 54
2,481 92
Shares
Deposits
Investments
94
09
00
22
1,283 51
3,742 24
$110,900 29
$110,900 29
Miscellaneous
Total Expenses for Year
Amount
paid for
Rent
-
Salaries
....
$1,000.00
Advertising
$30.00
Other Expenses
$1,056.92
Total
$2,086.92
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
134
171
1,060
50 cents
Shares
$5
200
Par value
Largest
number held by one member
Number
Rate
9,492
fully paid
of Dividend, November, 1923
3%
Deposits
Number
Rate
of depositors
of interest paid during
42
5%
year
April 15, Oct. 15
Interest payable
BOSTON — LORD BEACONSFIELD CREDIT UNION
155
CHELSEA STREET (EAST BOSTON DISTRICT)
November
Incorporated
David Peacard,
Began business November
13, 1913.
19,
1913
Louis Band, Treasurer.
President.
A. S. Goldberg, Clerk of Corporation.
Board of Directors: Louis Adelman, Louis Band, Harry Davis, A. Fegure, A.
J.
Credit Committee: J. Chafetz,
Supervisory Comm.ittee:
Max
I.
Eskin,
Flaschner,
J.
Preves,
David Peacard.
Rutsky.
Max
Green,
I.
Marcus.
BALANCE SHEET, OCTOBER
Assets
31,
1924
S.
Goldberg, Jos. Kleiman,
P. D. 8, Part IV.
Receipts and Disbursements during the Year ending October 31, 1924
18
DishuTsements
Receipts
S5,732 21
1,663 97
51,755 13
1,993 75
32 50
Shares
Deposits
Loans repaid
.
Interest
Entrance
fees
42 90
1 00
Fines
Suspense
Cash, Oct. 31, 1923
2,108 84
Shares
Deposits
Loans made
Expense
Interest paid
$4,300 11
105 61
52,924 13
819 67
109 42
....
....
....
Dividends paid
Guaranty fund
Suspense
Cash, Oct. 31, 1924
.
.
914 68
3 00
36 14
4,117 54
.
.
.
$63,330 30
$63,330 30
.
Miscellaneous
Total Expenses for Year
Amount
paid for
.
.
.
Salaries
Rent
$450.00
$104.00
Other Expenses
$265.67
Advertising
-
Total
$819.67
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
12
9
183
$3
Shares
$6
224
Par value
Largest
number held by one member
Number
Rate
3,530
fullv paid
of dividend,
7%
November, 1923
Deposits
Number
4
of depositors
5%
Rate of interest paid during year
Interest payable
First
of
Wednesday
Jan.,
April,
July and Oct.
BOSTON — MASSACHUSETTS CARPENTERS' CREDIT UNION
61
Incorporated June
COURT STREET
14, 1920.
Began business June
26, 1920
James M. Gauld, Treasurer.
Rufus P. Harlow, President.
James M. Gauld, Clerk
of Corporation.
Board of Directors: W. F. Boucher, F. M. Curley, J. M. Gauld, E. A. Goggin, R. P. Harlow, D. A. Houle,
C. H. Percival, Walter Pratt, E. G. Walker.
Credit Committee: J.
N. Hodge, R.
Supervisory Committee:
J.
J.
McDonald, C.
P. Roblee.
*
G. Dunphy, E. L. Jones, A. G. Nicolson.
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Assets
Loans
Due from banks and
....
$35,054 60
trust companies:
Savings accounts
Checking accounts
Suspense
1,289 61
1,224 67
1,725 00
Shares
Deposits
.
Guaranty fund
Undivided earnings
Profit and loss
.
$25,454 22
10,962 06
1,369 02
5 93
1,517 65
15 00
Cash
$39,308 88
$39,308 88
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
Shares
Deposits
Investments
Loans repaid
.
Interest
Entrance fees
Fines
Other receipts
Cash, Oct. 31, 1923
$9,257
1,360
4,383
23,695
3,236
168
12
83
33
54
58
25
292 26
535 00
4,444 63
$47,373 54
Shares
Deposits
Investments
$3,157 27
1,603 18
Loans made
Expense
36,820 62
1,302 06
439 14
837 60
8 87
183 33
1,239 67
.
1,881 80
Interest paid
Dividends paid
Interest refunded
Guaranty fund
Cash, Oct. 31, 1924
.
$47,373 54
p.
D.
8,
Part IV.
19
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Rent
Advertising
$265.21
$49.25
Salaries
$650.00
Other Expenses
$337.60
Total
$1,302.06
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
172
40
711
•
$1 adults; 25 cents
minors
(Scores
Par value
$5
335
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
5,090
5M%
Deposits
Number
Rate
of depositors
of interest paid during year
66
4%
Nov. 1, Feb.
May 1, Aug.
.
Interest payable
1
1
BOSTON — METROGRA CREDIT UNION
89
Incorporated July
George
J.
1,
WARREN AVENUE
Began business November
1921.
1,
1921
Frank T. Marston,
Robbing, President.
Treasurer.
Frank T. Marston, Clerk of Corporation.
Board of Directors: Carrie L. Brown, E. W. Connors, G. H. Doughty, C. E. Gage, L. A. Hall, W. Q. Kinsman, Katherine B. MacCarron, F. T. Marston, R. C. Prescott, Martha Qualey, C. J. Rand, G. J.
Robbins, A. Margaret Sargent, G. J. Skelton, A. Beatrice Thompson.
Credit Committee: G.
M. Houghton,
Supervisory Committee:
W. H.
C. A. Prince, Alvin Smith.
Bonelli,
Nina M. Greenwood, F. M. Holmes.
BALANCE SHEET, OCTOBER
1924
31,
Liabilities
Loans
Due from banks and trust companies:
....
....
.......
Savings accounts
Checking accounts
Cash
$543 90
312 21
145 87
65 73
Shares
Deposits
$928 50
83 88
13 67
41 66
.
Guaranty fund
Profit and loss
$1,067 71
$1,067 71
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
Shares
Deposits
Loans repaid
.
Interest
Entrance
Fines
fees
.
Other receipts
Cash, Oct. 31, 1923
$523 00
2 88
483 56
43 71
2 20
11 64
35 00
278 45
....
....
Shares
Loans made
Expense
Interest paid
Cash, Oct. 31, 1924
$11 25
840
2
2
523
.
00
50
88
81
$1,380 44
$1,380 44
Miscellaneous
Total Expenses for Year
Salaries
Amount
paid for
-
Rent
-
Advertising
-
Other Expenses
$2 50
.
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
22
3
80
10 cents
Total
$2.50
20
P. D. 8, Part IV.
Shares
Par value
$5
22
170
Largest number held by one member
Number fuUy paid
Rate of dividend, November, 1923
none
Deposits
Number
2
Rate
4%
Nov. 1,
May 1,
of depositors
of interest paid during year
Interest payable
Feb.
Aug.
1,
1
BOSTON — METROPOLITAN CREDIT UNION
11
BEACON STREET
Incorporated July 26, 1917.
William
J.
Began business April
1,
Connors, President.
191S
Melville F. Rogers, Treasurer.
MelviUe F. Rogers, Clerk of Corporation.
May
Board of Directors:
Credit Committee: R.
W.
H. Clogston, Mary A. Connors, E. H. Hinckley, Mary E. Hinckley, Ophelia
Hinckley, Annie West, Mildred West.
Clogston, A. A. Cameron,
Supervisory Committee: T.
J.
Davis, Sarah Davis,
W.
E. Hanglin.
W. N.
Hinckley.
BALANCE SHEET, OCTOBER
Assets
31,
1924
p.
D.
8,
Part IV.
21
BOSTON — MT. BOWDOIN CREDIT UNION
ERIE STREET (DORCHESTER DISTRICT)
6
Incorporated
Samuel Croft;
May
23, 1921.
Began business
May
25, 1921
Edward H. Hoffman,
President.
Treasurer.
Arthur Seserman, Clerk of Corporation.
Board of Directors:
Credit Committee:
Max
Cohen, Samuel Cohen, Samuel Craft, Louis Dukst, E. H. Hoffman, Philip Kadish,
Isadore Kaplan, Hyman Resnick, Arthur Seserman.
Myer Brady, M.
Supervisory Committee:
I. J.
L. Marcus,
Lowe, Q. Shaykin,
Simon Weinstein.
Hyman
TepUtz.
BALANCE SHEET, OCTOBER
Assets
31,
1924
22
P. D.
BALANCE SHEET, OCTOBER
Part IV.
8,
1924
31,
Assets
Liabilities
Loans
?,794 31
and fixtures
Due from banks and trust companies:
Checking accounts
Cash
400 00
Furnitvire
7,692 90
10 00
Shares
Deposits
$30,047
12,260
2,681
1,907
.
Guaranty fund
Profit and loss
$46,897 21
90
55
54
22
$46,897 21
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
Shares
Deposits
Investments
Loans repaid
$9,088 24
11,361 79
400 00
77,629 59
5,444 10
82 00
65 28
2,000 00
289 20
270 50
3,365 75
.
Interest
Entrance
Fines
fees
.
payable
Guaranty fund
Bills
Maintenance
.
fees
Cash, Oct. 31, 1923
Shares
Deposits
$10,914 85
1,806 16
82,187 36
2,601 32
483 21
.
Loans made
Expense
Interest paid
Dividends paid
Interest refunded
Bills payable
1,939 33
281 32
2,000 00
Furniture and fixtures
Cash, Oct. 31, 1924
80 00
7,702 90
.
$109,996 45
$109,996 45
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
Rent
$1,926.00
$425.83
Other Expenses
$240.49
Advertising
$9.00
Total
$2,601.32
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
82
49
289
$1
Shares
Par value
Largest number held by one member
$10
300
Number
2,946
Rate
fully paid
of dividend,
7%
November, 1923
Deposits
Number
19
Rate
6%
of depositors
of interest paid during year
Interest payable
Nov.
Feb.
1,
May
1,
Aug.
1,
1
BOSTON — THE SHEPARD STORES EMPLOYEES' CREDIT UNION
26
WINTER STREET
Incorporated July 27, 1911.
Began business January
M. McDevitt,
S.
Board of Directors: E. C. Farrington,
Credit Committee: J. A. A. Mitchell,
J.
1912
Clerk of Corporation.
E. Hodges, R. L. Lathrop,
M. R. Newton, H.
S.
M. McDevitt.
F. Wright.
Supervisory Committee: G. B. Darling, F. P. Plummer, V.
M.
Spinney.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Investments
Loans
Due from banks and trust companies:
Checking accounts
Other assets
1,
Robert L. Lathrop, Treasurer.
E. C. Farrington, President.
Liabilities
58,034 10
2,073 60
Shares
Deposits
.
Guaranty fund
Reserve fund
Undivided earnings
Profit and loss
.
1,809 50
152 10
Dividends payable
Other liabilities
.
$12,069 30
$1,399
10,092
179
6
171
126
29
37
33
48
91
40
39 71
63 81
$12,069 30
p.
D.
8,
23
Part IV.
Receipts and Disbursements during the Year endins: October 31, 1924
Receipts
Shares
Deposits
Investments
Loans repaid
.
Interest
Entrance fees
Other receipts
Cash, Oct. 31, 1923
P. D. 8, Part IV.
Receipts and Disbursements during the Year ending October 31, 1924
24
Receipts
Shares
Deposits
Loans repaid
.
Expense
Interest
Entrance
fees
Fines
Cash, Oct. 31, 1923
.
p. D. 8, Part IV.
25
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
Rent
$50.00
-
Other Expenses
$99.39
Advertising
-
Total
$149.39
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
128
.20
310
25 cents
Shares
Par value
$5
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
143
2,340
8%
BOSTON — STATE EMPLOYEES' CREDIT UNION
ROOM
Incorporated April
Norman
4,
STATE HOUSE
121,
May
Began business
1921.
1,
1921
E. Corwin, President.
Jennie G. Liike, Treasurer.
Grace L. Grover, Clerk of Corporation.
Board of Directors: N. E. Corwin, Grace L. Grover, Grace Harris, Leonard Harris, Annie M. Hennessey,
Jennie G. Luke, P. W. Powers, C. W. Whitcher, Dwight Robb.
Credit Committee: T. F. Foster, L. A. Foye, T. J. Greehan, J.
Supervisory Committee:
J.
R. Benton, A. R. Booth, A.
W.
W. Ward.
Gilbert.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Liabilities
Loans
Due from banks and trust companies:
Savings accounts
Checking accounts
....
Cash
$5,454 18
206 79
1,343 38
183 95
Shares
Deposits
$3,981 51
2,219 18
.
Guaranty fund
307 62
316 29
13 24
350 46
.
Reserve fund
Undivided earnings
Profit
and
loss
$7,188 30
$7,188 30
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
$1,806 19
1,353 85
8,687 05
Shares
Deposits
Loans repaid
.
807 66
9 00
191 84
411 65
Interest
Entrance
fees
Fines
Cash, Oct. 31, 1923
.
Shares
Deposits
$1,473 12
....
....
....
Loans made
Expense
Interest paid
Dividends paid
Cash, Oct. 31, 1924
477 45
8,908 00
411 43
83 93
179 19
1,734 12
.
$13,267 24
$13,267 24
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Salaries
Rent
Advertising
$260.00
-
-
Other Expenses
$151.43
Membership
Number added during year
Number withdrawn, during year
Number of members, Oct. 31, 1924
Amount of entrance fee
36
38
134
25 cents
Shares
Par value
Largest number held by one
Number fully paid
Rate
of dividend,
member
November, 1923
$5
100
780
6%
Total
$411.43
26
P. D.
8,
Part IV.
Deposits
Number
of depositors
of interest paid during year
Interest payable
13
5%
1,
May 1,
Rate
Nov.
Feb.
Aug.
1,
1
BOSTON — TELEPHONE WORKERS' CREDIT UNION
ROOM
Incorporated
March
105,
-3,
119
1917.
MILK STREET
Began business March
24, 1917
Ned
Charles F. Donahoe, President.
Edward
C. Loud, Treasurer.
L. Shanney, Clerk of Corporation.
Board of Directors: G. A. Bussey, H. B. Crawford, A. M. Dittmer, C. F. Donahoe, Harry Hayman, Mary
Hickey, Joseph Keatinsj, Harry Keefe, N. C. Loud, C. A. Mariner, E. L. Shanney, Joseph Slavin, J. A.
Tierney, Frances Van Tassel.
Credit Committee:
W.
L. Broder, G. S.
Supervisory Committee: C.
Drew, W. N. Sohaetzl.
W. Grad, H.
A. Marsh, A. E. Whiton.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Investments
Loans
and fixtures
Due from banks and trust companies:
Checking accounts
Cash
Fiirniture
....
Liabilities
$244,153 69
389,980 23
3,709 00
73,380 13
25,097 43
Shares
Deposits
Guaranty fund
Reserve fund
Undivided earnings
Profit
and
....
loss
$736,320 48
Receipts and Disbursements during the Year ending October 31, 1924
$432,578
248,057
15,327
3,948
15,579
20,829
93
22
14
00
25
94
$736,320 48
'
p. D. 8, Part IV.
TREMONT STREET
18
Began business October
Incorporated July 11, 1914.
W.
Charles
27
BOSTON — TRADERS' CREDIT UNION
7,
Birtwell, President.
1914
Denis F. Mockler, Treasurer.
Denis F. Mockler, Clerk of Corporation.
Board of Directors: P. W. Ayres, C. W. Birtwell, L. H. Bonelli, L. G. Brooks, D. F. Mockler, C. C. Ramsay.
Credit Committee: William Bailie, C.
Supervisory Committee:
J. L.
H. Bucek, F. R. Sawyer.
Holland, Oscar Lindegren (one vacancy).
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Loans
Furniture and fixtures
.
$18,737 24
582 72
.
.
Due from banks and trust companies:
Checking accounts
.
.
Shares
Deposits
Guaranty fund
492 22
2,752 98
.
Cash
$7,726
12,343
1,832
261
401
.
.
Undivided earnings
Profit
and
loss
$22,565 16
60
13
65
38
40
$22,565 16
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
Disbursements
Shares
Deposits
Investments
Loans repaid
.
Interest
Entrance
fees
Fines
Other receipts
Cash, Oct. 31, 1923
$3,707 69
14,343 22
Shares
Deposits
30 00
22,738 65
2,568 84
88 00
374 62
277 71
1,515 66
Loans made
Expense
$3,247 69
7,229 73
29,768 09
....
....
Interest paid
Furniture and fixtures
Undivided earnings
Cash, Oct. 31, 1924
.
.
$45,644 39
1,779
.54
311
57
5
3,245
84
30
00
20
$45,644 39
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Salaries
Rent
$1,197.67
$311.50
Advertising
-
Other Expenses
$270.37
Total
$1,779,54
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
!
'
^i
^
]
95
47
368
$1 for 21 years and
over;
50 cents
for 16 to 21 years;
25
cents
16 years
Shares
Par value
Largest number held by one
Number fully paid
Rate
of dividend,
under
$5
60
member
1,508
November, 1923
none
Deposits
Number
Rate
of depositors
of interest paid during
64
year
.'
Interest payable
6%
Nov.
Feb.'
1,
May
i,
Aug.
1,
1
BOSTON — UNION WORKERS' CREDIT UNION
ROOM
660,
LITTLE BUILDING,
Incorporated April
(Office vacant)
,
4,
1921.
80
BOYLSTON STREET
Began business April
President.
20, 1921
Harry L. Haskell,
Harry L. Haskell, Clerk
Treasurer.
of Corporation.
Board of Directors: T. C. Brodigan, M. J. Byrne, J. W. CoUins, H. W. L. Dana, F. P. Fenton, H. L Haskell
T. F. Hennessey, R. N. Marginot, C. S. ParneU, J. M. Shea, A. D. Sheffield, Celia J. White, Maud F.
Van Vaerenewyck.
Credit Committee: Daniel Leary, Patrick
Madden, Henry Wise.
Supervisory Committee: A. E. Chandler, James Faulkner,
M.
J.
Monahan.
28
P.
BALANCE SHEET, OCTOBER
Assets
Loans
Due from banks and trust companies
Savings accounts
Checking accounts
.
.
.
31,
D.
Part IV.
8,
1924
Liabilities
$2,398 12
236 93
988 81
.
Shares
Deposits
$2,686 64
501 73
179 88
.
Guaranty fund
.
Undivided earnings
Profit
and
loss
96 76
158 85
.
$3,623 86
$3,623 86
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
Shares
Deposits
Loans repaid
.
.
380
23
35
712
Interest
Entrance
Shares
Deposits
$1,841 88
536 49
4,506 91
.
fees
Fines
Cash, Oct. 31, 1923
.
$835 87
513 85
.
44
60
97
89
Loans made
Expense
5,175 20
44
75
39
84
1,225 74
165
16
77
27
Interest paid
Dividends paid
Interest refunded
Cash. Oct. 31, 1924
$8,038 OS
$8,038 08
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Salaries
Rent
Advertising
-
$80.00
$26.61
Other Expenses
$58.83
Total
$165.44
MeTribership
Number added during year
Number withdrawn during year
Nimiber
Amount
members, Oct.
of
of entrance fee
31,
47
5
125
50 cents
1924
Shares
.
?5
100
.
498
Par value
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
'
.
6%
Deposits
Number
14
of depositors
of interest paid during year
Interest payable
5%
Rate
Nov.
1,
May
1
BOSTON — WALWORTH CREDIT UNION
800
FIRST STREET (SOUTH BOSTON DISTRICT)
Incorporated January
Raymond
4,
1921.
Began business January
6,
1921
Frederick O. Watt, Treasurer.
E. Henchey, President.
Frederick O. Watt, Clerk of Corporation.
Board of Directors: A. O. Bruiigardt, R. K. Buxton, John David, R. E. Henchey, C. B. Johnson, Jr., Josephine
Kane, C. F. Lundborn, WiUiam McFadd, W. P. Murphy, D. F. O'Connor, W. A. Podolski, A. G.
Tessier, F. O. Watt, W. H. Weber, Janet Wyeski.
Credit Committee: R. B. Currier, C. F. Fellows, V. J. Plansky.
Supervisory Committee: Ralph
Hemenway, G. A.
Ricker, C. G. Stickney.
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Assets
Loans
Due from banks and trust companies:
Savings accounts
Checking accounts
....
....
$6,514 51
Shares
Deposits
15,961 27
Guaranty fund
Reserve fund
Undivided earnings
Profit and loss
633 96
$23,109 74
.
.
$6,888 80
14,553 57
479 57
110 79
654 27
422 74
$23,109 74
p. D. 8, Part IV.
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
Shares
Deposits
Loans repaid
.
.
.
Interest
Entrance fees
Fines
Cash, Oct. 31, 1923
$4,501
29
30
D.
P.
8,
Part IV.
Miscellaneous
Total Expenses for Year
Amount
paid for
.
Rent
Advertising
$780.00
$331.99
$21.06
.
Salaries
Other Expenses
$261.59
Total
$1,394.64
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
64
None
368
$1
.
Shares
Par value
$5
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
100
4,733
.
8%
Deposits
Number
4
of depositors
of interest paid dvu-ing year
Interest payable
6%
Nov. 1,
May 1,
Rate
"
Feb.
Aug.
1,
1
BOSTON — WEST END CREDIT UNION
CHAMBERS STREET
62
Incorporated
of Directors:
22, 1912.
Began business June
10,
1912
Louis Kandall, Treasurer.
Bernard Finkelstein, President.
Board
May
Max
Kabatznick, Clerk of Corporation.
Alexander Elman, Bernard Finkelstein, M. J. Forman, Max Goldfarb,
Max Kabatznick, Louis Kandall, Harry Parker.
Credit Committee: Isadore
S. J.
Gordon,
Dameshek, H. H. Levine, Henry Weener.
Supervisory Committee: Joseph Berger, Joel Gamze, Jacob Yano,
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Loans
Furniture and fixtures
.
.
.
$135,506 49
2,105 66
Due from banks and trust companies:
Checking accounts
Suspense
.
.
.
7,858 20
5,689 66
Shares
Deposits
$127,068 41
4,494 53
.
Guaranty fund
Profit and loss
Other
10,636 89
8,804 45
155 73
Uabilities
$151,160 01
$151,160 01
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
$54,398
7,540
209,579
13,776
155
Shares
Deposits
Loans repaid
Interest
Entrance
fees
Fines
Guaranty fund
Undivided earnings
.
Other receipts
Cash, Oct. 31, 1923
68
62
22
18
00
760 01
30 00
540 46
51 24
9,013 32
$295,844 73
p. D. 8, Part IV.
31
Shares
Par value
$5
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
1,052
25,413
8%
Deposits
Number
37
Rate
6%
Nov. 1,
May 1,
of depositors
of interest paid during year
Interest payable
Feb.
Aug.
1,
1
BOSTON — WHITSON CREDIT UNION
RUTHERFORD AVENUE (CHARLESTOWN DISTRICT)
570
Incorporated
James H. Dunn,
March
5,
1915.
Began business March
Harry W. Davis, Clerk
Board
of Directors:
Credit Committee:
20,
H. W.
M.
F.
Da\'is, J.
H. Dunn, Martha
Mead, A. E. Richardson,
J.
S.
of Corporation.
Gallagher, G. H.
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
S5 00
10,694 00
Shares
Deposits
$8,107 98
11,019 06
.
Guaranty fund
Undivided earnings
Profit and loss
.
9,514 85
338 28
Suspense
P. Wallace.
Mary H. Humber.
Assets
Investments
Harmon, T.
H. Sullivan.
Supervisory Committee: Florence L. Carroll, A. B. Chapin,
Loans
Due from banks and trust companies:
Checking accounts
1915
Harry W. Davis, Treasurer.
President.
$20,552 13
$20,552 13
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
Shares
Deposits
Investments
Loans repaid
.
Expense
Interest
Entrance fees
Other receipts
Cash, Oct. 31, 1923
Disbursements
$4,867
11,335
3,953
9,332
9
44
78
87
11
42
918 12
13 00
3,496 91
2,.540 29
$36,466 94
909 23
122 84
393 02
32
P.
BROCKTON — BROCKTON CREDIT UNION
142
March
Incorporated
David
S.
D.
Part IV.
8,
MAIN STREET
27, 1917.
Began business March
31,
1917
Daniel
Brodeur, President.
Tarlow, Treasurer.
S.
Louis Lulow, Clerk of Corporation.
Allaire, D. S. Brodeur, Onesime Gladue, Amedie LaBelle,
Louis Lulow, Daniel Mahoney, WiUiam Marlow, Frank McKeague, Joseph Ott, D. F. Reagan,
Smith, D. S. Tarlow, W. S. Weston.
Board of Directors: Edwin Adams, Alphonse
Abraham Rusaoow, Bernard
Credit Committee:
Fred Counter, Hugo DiSalle, Charles Feldman, Herbert Garner, Leonard Gustafson,
Eugene Lamothe.
Supervisory Committee: A. A. Golding, C. A. Mullins, Samuel Stone.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Liabilities
586,557 11
Loans
866 89
Furniture and fixtures
Savings acccounts
....
2,794 99
10,288 48
1,142 16
$63,654 60
28,110 89
3,980 58
783 97
800 95
4,046 95
271 69
.
Guaranty fund
Due from banks and trust companies:
Checking accounts
Cash
Shares
Deposits
.
Reserve fund
Undivided earnings
and loss
Other habihties
Profit
.
$101,649 63
$101,649 63
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
Shares
Deposits
Loans repaid
.
.
.
.
.
.
.
.
$38,263 95
45,116 82
103,028 70
1 65
8,932 79
108 00
746 91
586 12
7,776 11
Expense
Interest
Entrance
fees
Fines
Savings accounts, withdrawals
Cash, Oct. 31, 1923
.
Shares
Deposits
Loans made
Expense
Interest paid
Dividends paid
$27,952
32,387
122,796
2,823
844
2,569
....
....
....
....
Savings accounts, deposits
Reserve fund
.
.
.
21
26
334 96
Interest refunded
Guaranty fund
25
50
22
84
50
3,381 11
17 56
.
Furniture and fixtures
Cash, Oct. 31, 1924
23 00
11,430 64
.
$204,561 05
$204,561 05
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Salaries
Rent
$1,530.00
$470.29
Advertising
$25.90
Other Expenses
$797.65
Total
$2,823.84
Membership
215
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
56
1,034
50 cents
Scores
$5
500
Par value
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
^?'}^^
6>5%
Deposits
120
Number
of depositors
of interest paid during year
payable
Interest
5J^%
Rate
Nov.
1,
May
1,
Feb.
Aug.
1,
1
BROCKTON — BROCKTON POSTAL EMPLOYEES' CREDIT UNION
43
Incorporated January
Lawrence T. Briggs,
CRESCENT STREET
5,
1923.
Began business January
17,
1923
Thos.
President.
Thos.
J.
Barry, Clerk of Corporation.
J.
Barry, Treasurer.
:
p. D. 8, Part IV.
Board of Directors: G. A. Barry, T.
J. Barry, L. T. Briggs, E. N. Godbout, T. A. Grant, G.
B. F. Hartford, Evelyn D. Hooper, J. J. Murphy.
M.
Credit Committee: L.
Bates, J.
Supervisory Committee: R.
.1.
M. Cameron, John Rooney.
W.
Crowley, R.
Robinson, Fred Williams.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Liabilities
Loans
Due from banks and trust companies
Savings accounts
Checking accounts
33
W. Harrub,
$4,583 32
....
.5
27
2 88
1 84
Cash
Shares
Deposits
$2,909 24
1,231 18
122 92
196 31
133 66
.
Guaranty fund
Undivided earnings
Profit and loss
.
$4,593 31
$4,593 31
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
Shares
Deposits
Loans repaid
51,714 36
1,525 33
6,808 .59
.
399 39
3 00
16 63
362 26
Interest
Entrance
fees
Fines
Cash, Oct. 31, 1923
Shares
Deposits
S372 12
1,003 63
9,325 55
36 31
.
Loans made
Expense
41 28
40 68
9 99
Interest paid
Dividends paid
Cash, Oct. 31, 1924
$10,829 56
$10,829 56
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Rent
Salaries
-
Other Expenses
S36.31
Advertising
-
-
Total
$36.31
Membership
Number added diiring year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
12
1
117
25 cents
Shares
Par value
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
$5
139
559
6%
Deposits
Number
of depositors
of interest paid during year
Interest payable
16
5%
1,
May 1,
Rate
Nov.
Feb.
Aug.
1,
1
BROCKTON — CRESCENT CREDIT UNION
189
CRESCENT STREET
Incorporated June 18, 1919.
Benjamin Richman,
Began business July
1,
1919
Harry Tarlow, Treasurer.
President.
Esther Seligman, Clerk of Corporation.
Board of Directors: Samuel Buslovitz, Joseph Cohen, B. Miller, Benjamin Richman, William Richman,
Aaron Rosen, Henry Shacter, Harry Tarlow.
Credit Committee: Louis
Altman, Joseph Simon, A. B. Yaffe.
Supervisory Committee: B. B. Holman,
Manual
Miller, J. A. Rankin.
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Loans
and fixtures
Due from banks and trust companies:
Furnitiire
Savings accounts
Checking accounts
Cash
.
.
.
....
.
.
.
$109,095 54
782 27
Shares
Deposits
.
Guaranty fund
3,273 00
4,935 13
.
Undivided earnings
and loss
Profit
.
$54,925
51,058
6,132
2.384
3,883
95
92
00
99
71
299 63
$118,385 57
$118,385 57
34
P. D. 8, Part IV.
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
Disbursements
Shares
Deposits
Loans repaid
Shares
Deposits
$21,000 21
58,700 85
156,300 26
.
Expense
11 49
Interest
10,187 05
Entrance fees
Guaranty fund
Loans made
Expense
Interest paid
Dividends paid
Interest refunded
Savings accounts, deposits
Furniture and fixtures
Cash, Oct. 31, 1924
45 75
966 64
288 16
3,214 44
Fines
.
Cash, Oct. 31, 1923
56
25
46
55
90
38
280 64
288 16
869 19
5,234 76
$18,445
42,525
174,622
2,732
2,516
3,199
.
.
$250,714 85
$250,714 S5
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
Rent
$1,250.00
$296.00
Other Expenses
$1,186.55
Advertising
-
Total
$2,732.55
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
183
198
914
25 cents
Shares
Par value
$5
500
Largest number held by one member
Number fuUy paid
Rate of dividend, November, 1923
10,985
7%
Deposits
Number
Rate
of depositors
of interest paid during
250
6%
year
Interest payable
Jan.
1,
July
1
CAMBRIDGE — BLAKE-KNOWLES CREDIT UNION
265
THIRD STREET
Incorporated December 13, 1920.
Thomas
I.
Began business December
Simpson, President.
17,
1920
Garrett L. Sullivan, Treasurer.
James
J.
Walsh, Clerk of Corporation.
Board of Directors: A. M. Everett, Gustaf Frykman, C. F. Leary, Patrick O'Mahoney, T.
G. L. Sullivan, J. Walsh, J. Webber, William Williams.
Credit Committee:
Thomas Gard,
J.
Supervisory Committee: A. F. Dole,
B. Klein,
J.
M.
Rice.
BALANCE SHEET, OCTOBER
Investments
31,
1924
....
Liabilities
$5,673 34
1,699 34
Savings accounts
Shares
Deposits
$1,567 75
9,276 74
.
Guaranty fund
trust companies:
Checking accounts
Cash
Simpson,
Hoar (one vacancy).
J.
Assets
Loans
Due from banks and
I.
2,831 64
1,003 94
96 18
227 11
23 33
209 51
Reserve fund
Profit
and
loss
$11,304 44
$11,304 44
Receipts and Disbursements during the Vear ending October 31, 1924
Disbursements
Receipts
Shares
Deposits
Investments
Loans repaid
.
Interest
Entrance fees
Fines
Cash, Oct. 31, 1923
$548 22
16,427 07
500 00
12,058 88
642 77
25 00
12 68
2,650 85
$32,865 37
Shares
Deposits
$1,630
16,094
10,577
81
.
Loans made
Expense
Interest paid
Dividends paid
.
Guaranty fund
.
Cash, Oct. 31, 1924
47
63
00
31
418 24
121 75
10 31
3,931 76
$32,865 37
p. D.
8,
Part IV.
35
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Rent
-
Salaries
-
Other Expenses
$81.31
Advertising
-
Total
$81.31
Membership
Nuniber added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Araount of entrance fee
76
101
201
25 cents
Shares
Par value
$5
number held by one member
Largest
Number fuUy
Rate
'
.
.
.41
.
paid
of dividend,
311
6%
November, 1923
Deposits
Number
166
Rate
5}^%
of depositors
of interest paid during year
Interest payable
Nov.
Feb.
1,
May
1,
Aug.
1,
1
CAMBRIDGE — CENTRAL CREDIT UNION
12
HOWARD STREET
Incorporated April 27, 1921.
Mae
Began business November
1,
1921
M. Tubman,
Clara
Zarling, President.
Clara
M. Tubman,
Board of Directors: Nettie Goldberg, Lena Rosenberg, Clara M. Tubman, Dora Wollins,
Credit Committee:
Treasurer.
Clerk of Corporation.
Mae
Zarling.
Ceha Brothers, Anna Frim, TiUie Rabinovitz.
Supervisory Committee: Kate Marcus, Lena Welch, Edythe Zarling.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Loans
Due from banks and trust companies:
Checking accounts
Liabilities
$4,068 00
Shares
$4,113 09
.
Guaranty fund
558 00
239 58
45 16
228 17
.
Undivided earnings
Profit
and
loss
$4,626 00
$4,626 00
Receipts and Disbursements during the Year ending October
31, 1924
Disbursements
Shares
83,658 22
8,742 00
.
Loans repaid
564 47
11 50
12 27
43 18
Interest
Entrance
fees
Fines
Cash, Oct. 31, 1923
....
....
Shares
Loans made
Expense
Dividends paid
Cash, Oct. 31, 1924
$3,904 43
7,970 00
291 52
307 69
558 00
.
$13,031 64
$13,031 64
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Salaries
Rent
$150.00
$82.75
Advertising
-
Other Expenses
$58.77
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
23
22
76
50 cents
Shares
Par value
$5
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
822
53
12%
Total
$291.52
36
CAMBRIDGE — PROSPECT CREDIT UNION
760
P. D.
8,
Part IV.
MASSACHUSETTS AVENUE
Incorporated February 14, 1921.
Began business February
26, 1921
Denis F. Mockler, Treasurer.
Charles A. Gates, President.
Zelda H. Lions, Clerk of Corporation.
Board of Directors: Joseph
David Lezberg, Zelda H.
Celi, C. A. Gates,
H. C. Mohr, E.
Credit Committee: C. V.
MacCallum,
J.
J.
Sennott,
J.
E.
Lions. H. J. MoGinnis, D. F. Mockler,
WaU.
P. Malone, J. R. Wilson.
Raymond, John Rogers.
Supervisory Committee: A. G. Evans, T. H.
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Assets
810,332 37
Loans
Due from banks and trust companies:
Checking accounts
1,089 33
$7,456 83
2,622 85
392 11
Shares
Deposits
.
Guaranty fund
.
322 83
9 94
617 14
Reserve fund
Undivided earnings
Profit
and
loss
.
$11,421 70
$11,421 70
Receipts and Disbursements during the Year ending October 31, 1924
Di. bursements
Receipts
.
Interest
Entrance
78
Shares
Deposits
61
22
Loans made
Expense
59
$4,320
4,887
11,418
1,194
Shares
Deposits
Loans repaid
11 75
88 81
60 27
343 80
fees
Fines
Other receipts
Cash, Oct. 31, 1923
$2,170 60
3,597 47
14,735 54
458 47
70 53
203 89
1,089 33
Interest paid
Dividends paid
Cash, Oct. 31, 1924
$22,325 83
$22,325 83
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
Rent
$196.00
$24.59
Total
$458.47
Other Expenses
$237.88
Advertising
-
Membership
46
20
166
25 cents
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
Shares
Par value
^5
200
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
1.454
5%
Deposits
Number
24
Rate
§%
Nov. 1,
May 1,
of depositors
of interest paid during year
Interest payable
,
t-
i_
Feb.
Aug.
i
1,
1
CHELSEA — WINNISIMMET CREDIT UNION
232
Incorporated November
Hyman
2,
BROADWAY
1920.
Began business November
2,
1920
Max
Silbert, President.
Stamel, Treasurer.
B. Smith, Clerk of Corporation.
Board of Directors:
Credit Committee:
I.
S.
Barron, B. Feingold, H. Goldman, H. L. Levine,
M. Stamel, J. Zaltzman.
Barron,
M. Boord,
B.
Zeff.
Supervisory Committee: E. Figler, B. Swartz ,M. Zimerman.
J.
Myers, H.
Silbert, B.
Smith,
:
D.
p.
8,
37
Part IV.
BALANCE SHEET, OCTOBER
Assets
Loans
Furniture and fixtures
$6,698 81
35 00
Due from banks and trust companies
Checking accounts
2,622 44
31,
1924
P. D. 8, Part IV.
Receipts and Disbursements during; the Year ending October 31, li924
38
Receipts
Shares
Deposits
Loans repaid
.
Interest
Entrance fees
Fines
.
Other receipts
Cash, Oct. 31, 1923
p.
D.
8,
39
Part IV.
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Rent
Salaries
Other Expenses
$178.17
Advertising
-
$37.00
$228.50
Total
$443.67
Membership
Number added during year
Number withdrawn during year
Number of members, Ofit. 31, 1924
Amount of entrance fee
39
5
134
$1
Shares
Par value
Largest number held by one
Number fully paid
Rate
of di-vidend,
$10
50
member
1,150
8M%
November, 1923
FITCHBURG — WORKERS' CREDIT UNION
48
WALLACE AVENUE
Began business April
Incorporated April 17, 1914.
22, 1914
Henry Puranen,
Charles E. Bovellan, President.
Treasurer.
Franz Kerttula, Clerk of Corporation.
Board of Directors: C. E. Bovellan, Franz Kerttula, Andrew Merila, Victor Nylund, Henry Puranen.
Credit Committee: Victor Annala,
John Erkkila, John Heikkinen, Matti Koho,
J.
G. Lakso.
Supervisory Committee: Lauri Moilanen, John Rantanen Isaac Rustari
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Loans
Shares
Deposits
$502,069 22
and fixtures
Due from banks and trust conpanies:
Fiorniture
Savings accounts
Checking accounts
Suspense
.
....
1,251 23
$174,402 00
331,043 30
37,678 10
1,977 81
6,764 62
Guaranty fund
Undivided earnings
Profit and loss
.
20,000 00
27,.545
38
1,000 00
'
$531,865 83
$551,865 83
Receipts and Disbursements during the Year endini; October 31, 1924
Receipts
Shares
Deposits
Loans repaid
Interest
Cash, Oct. 31, 1923
Disbursements
i
$28,289
221,589
147,233
28,000
58,634
.
00
94
Shares
Deposits
91
Loans made
Expenses
72
27
00
28
27
38
67
86
5 00
1,000 00
47,545 38
$45,950
127,446
240,430
3,423
11,312
6,634
.
Interest paid
Dividends paid
Interest refunded
Suspense
Cash, Oct. 31, 1924
$483,747 84
$483,747 84
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Salaries
Rent
Advertising
$1,930.00
$240.00
$560.41
Other Expenses
$692.97
Membership
Number added during year
Number withdrawn diuing year
Number of members, Oct. 31, 1924
Amount of entrance fee
260
99
1,297
None
Shares
Par value
$5
Largest number held by one
Number fully paid
Rate
of dividend,
member
November, 1923
500
34,880
5%
Total
$3,423.38
40
P. D. 8, Part IV.
.
Deposits
Number
724
Rate
4J^%
of depositors
of interest paid during year
Interest payable
April 30, Oct. 31
FRAM INGHAM — D. M.
C. CREDIT UNION
HOWARD STREET
Incorporated January 26, 1917.
Harry H.
Began business March
Hall, President.
J.
2,
1917
Halsey Baldwin, Treasurer.
Christopher T. Garrahan, Clerk of Corporation.
Board of Directors:
J.
H. Baldwin, H.
W.
Fitzpatriek, C. T. Garrahan,
H. H. Hall, W.
J.
McNally, L. H.
Rabbi tt.
Credit Committee: J. S. Dolliver, J.
H.
Driscoll,
H. W. Humes, G. L. Mahoney, W.
J.
McNally.
Supervisory Committee: G. E. Flynn, A. L. Hawes, A. E. Luce.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Investments
Ijoans
....
Liabilities
$2,313 08
31,235 87
Due from banks and trust companies:
Savings accounts
Checking accounts
Cash
Shares
Deposits
.
Guaranty fund
Undivided earnings
Profit and loss
.
23,906 18
1,335 56
2,714 29
$61,505 58
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
Shares
Deposits
Loans repaid
.
Interest
Entrance fees
Fines
Other receipts
Cash, Oct. 31, 1923
$46,389 60
10,418 86
2,231 86
192 27
2,272 99
$61,505 58
p.
D.
8,
Part IV.
41
HOL YOKE — HOL YOKE CREDIT UNION
ROOM
Incorporated September
205,
HIGH STREET
380
7, 1911.
Began business September
Joseph Lussier, President.
8,
1911
Pierre Bonvouloir, Treasurer
Pierre Bonvouloir, Clerk of Corporation.
Board
Napoleon Bail, Abraham Bonneau, Pierre Bonvoiiloir, A. D. Durocher, Oscar Fafard
O. O. Lamontagne, Joseph Lussier, Victor Messier, Edouard Samson.
of Directors:
Ducharme, Stanislas Ducharme,
Credit Committee: Valere
Supervisory Committee:
J.
C. Drapeau,
J.
H. Fleury,
J.
F. X. Roch.
T. Roy.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Liabilities
Loans
Due from banks and trust companies:
Checking accounts
Cash
.
.
.
S334,741 00
6,062 69
3,106 67
Shares
Deposits
$58,412 89
267,121 31
.
Guaranty fund
Reserve fund
Undivided earnings
Profit and loss
10,411
1,647
1,142
5,175
.
$343,910 36
08
11
12
85
$343,910 36
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
Disbursements
Shares
Deposits
Loans repaid
S20,702
156,116
53,138
19,417
4
18,769
.
Interest
Transfer fees
Cash, Oct. 31, 1923
91
85
00
64
25
53
Shares
Deposits
Loans made
Expense
Interest paid
$8,882
129,813
104,574
2,740
10.762
2,205
9,169
....
....
....
Dividends paid
Cash, Oct. 31, 1924
.
$268,149 18
95
49
00
57
97
84
36
$268,149 18
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Salaries
Rent
Advertising
$1,764.58
$232.00
$38.00
Other Expenses
$705.99
Total
$2,74057
Membership
Number added during year
Number withdrawn during year
Ntimber
Amount
of members, Oct. 31,
of entrance fee
207
280
734
1924
None
Shares
Par value
$10
Largest number held by one member
Number fuUy paid
Rate of dividend, November, 1923
100
5,818
5%
Deposits
Number
664
Rate
4J^%
of depositors
of interest paid during year
Interest payable
Jan. 31, April 30,
July 31, Oct. 31
LAWRENCE — LA CAISSE POPULAIRE DE LAWRENCE CREDIT UNION
234
LOWELL STREET
Incorporated September 25, 1918.
Simeon E.
J.
Le Gendre,
Began business November
President.
L.
L. M. Marchessault, Clerk of Corporation.
Board of Directors: Dolor Charpentier,
Raymond Hamel.
S.
E.
J.
Credit Committee: Louis Gandreau, Victor Leclerc, Adelard Theberge.
W.
18,
1918
Marchessault, Treasurer.
Le Gendre, L. M. Marchessault, Gedeon
Parent.
Supervisory Committee:
M.
R. Fecteau, Napoleon Hebert, Joseph St. Laurent.
:
42
P.
BALANCE SHEET, OCTOBER
D.
8,
Part IV.
1924
31,
Assets
Liabilities
Loans
S70,202 40
317 50
Furniture and fixtures
Due from banks and trust companies:
Shares
Deposits
357,632 19
9,050 10
.
Guaranty fund
Checking accounts
1,968 82
1,582 04
923 81
923 81
2,376 77
.
Reserve fund
Undivided earnings
Profit
and
loss
$72,488 72
$72,488 72
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
Disbursements
Shares
Deposits
Loans repaid
$34,564
21,117
75,416
6,727
.
13
09
47
34 22
73 97
5,336 68
Interest
Entrance
99
fees
Fines
Cash, Oct. 31, 1923
Shares
Deposits
$18,191
19,772
97,369
2,201
.
Loans made
Expense
50
68
10
29
412 07
Interest paid
Dividends paid
2,035 18
1,002 41
317 50
1,968 82
Guaranty fund
Furniture and fixtures
Cash, Oct. 31, 1924
$143,270 55
$143,270 55
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
Rent
Advertising
$1,040.00
$737.76
-
Other Expenses
$423.53
Tota
$2,201.29
Membership
Number added diiring year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
160
80
478
.
1% up
to $1
Shares
Par value
$5
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
"
.
.
.
.
1,000
11,525
7%
Deposits
Number
Rate
of depositors
of interest paid during
50
5%
year
Interest payable
.
Dec.
1,
June
March
1,
Sept.
1,
1
LAWRENCE — LAWRENCE CREDIT UNION
ROOM
313,
Incorporated January
Howard
BAY STATE BUILDING
7, 1913.
Began business January
13, 1913.
George
L. Gordon, President.
W.
Tucker, Treasurer.
George W. Tucker, Clerk of Corporation
Board of Directors John Bancroft, Amable Bouchard, John Broadhead, H. L. Gordon, David Hird, James
Pearson, G. W. Tucker.
:
Credit Committee: P. R. Leach,
Harold SutcUffe, R. B. Tucker.
Supervisory Committee : John Howlett,
FrankUn Harrison, W. E. Wingate.
BALANCE SHEET, OCTOBER
Assets
Investments
Loans
Furniture and fixtures
Due from banks and trust companies
Checking accounts
31, 1924
p. D.
8,
43
Part IV.
Receipts and Disbursements during: the Year ending October 31, 1924
Receipts
Shares
Deposits
Loans repaid
.
Expense
Interest
Entrance
fees
Guaranty fund
.
Undivided earnings
Cash, Oct. 31, 1923
$18,746
21
66,831
621
4,174
10
8
01
63
67
99
96
30
40
65 33
5,284 89
$95,765 18
44
P.
D.
8,
Part IV.
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
Rent
Advertising
$1,203.96
$575.27
200.25
Other Expenses
$751.26
Total
2,730.74
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
487
390
1,692
10 cents
Shares
Par value
Largest number held by one
Number fully paid
Rate
of dividend,
$5
50
member
6,869
6%
November, 1923
Deposits
Number
of depositors
of interest paid during year
Interest payable
1,597
4K%
Rate
Nov.
1,
May
1
LOWELL — LOWELL BLEACHERY CREDIT UNION
CARTER STREET
Incorporated October
Mark
3,
1921.
Began business November
A. Adams, President.
3,
1921
Etta R. McDermott, Treasurer.
Jennie Mullin, Clerk of Corporation.
Board of Directors : M. A. Adams, Alice Anderson, Michael Beecher, Gertrude C. Burke, Katie Carr, Alfred
Clayton, James Cleary, Malcolm Harkins, Alexander McCartney, Etta R. McDermott, Jennie Mullin.
George Nussey, George Ormerod, Phillip Sullivan.
Credit Committee:
Michael Cahill,
W.
G. Hartley, A. N. Johanson.
Supervisory Committee: N. T, Hainsworth,
Edward Hanson,
P. F. Nagle.
BALANCE SHEET, OCTOBER
Assets
Loans
Due from banks and
....
$9,310 92
trust companies:
Savings accounts
Checking accounts
7,809 53
342 24
31,
1924
p.
D.
8,
Part IV.
45
Shares
Par value
$5
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
100
2,788
6%
[
Deposits
Number
42
Rate
4%
of depositors
of interest paid during year
Interest payable
Nov.
Feb.
1,
May
I
1,
Aug.
1,'
1
LOWELL- NORTHERN MASSACHUSETTS TELEPHONE WORKERS'
CREDIT UNION
115
Incorporated
APPLETON STREET
November
8,
Began business November
1922.
Joseph T. McGirr, President.
Thomas
8,
1922
B. Delaney, Treasurer.
Elizabeth D. Lynch, Clerk of Corporation.
Board of Directors : Lillian M. Abbott, T. B. Delaney, Dorothy Delany, C. F. Donahue, F. J. Dunn, Elizabetn Lynch, Lewis Maddocks, J. A. Mahan, H. G. Manning, J. T. McGirr, Anna McQuaid,' Harry
Roberts, Ahce Roughan, Charles Stanley, William Todd.
Credit Committee: G. A. Bryant,
Siipervisory Committee:
Helen M. Costello,
W.
F. King.
Samuel Crown, Florence Parker,
Emma B.
BALANCE SHEET, OCTOBER
Robinson.
31,
1924
Assets
Loans
Liabilities
),755 46
Furniture and fixtures
Shares
Deposits
Due from banks and trust companies:
Checking accounts
Guaranty fund
Reserve fund
Undivided earnings
Profit and loss
Other liabilities
787 34
50
16
33
94
1,187 85
500 37
85 49
.
3,351 54
Cash
$48,610
10,275
2,147
2,318
.
231 30
.
$65,125 64
$65,125 64
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
.
64
67
Shares
Deposits
81
Loans made
Expense
78
30
658 48
46 84
3,475 74
Interest
Entrance
Disbursements
$36,124
27,091
55,237
5,972
14
Shares
Deposits
Loans repaid
fees
Fines
Other receipts
Cash, Oct. 31, 1923
.
$18,005 33
25,558 34
75,100 35
.
1,880 27
Interest paid
Dividends paid
Interest refunded
Furniture and fixtures
Undivided earnings
Other disbursements
Cash, Oct. 31, 1924
355 62
1,711 12
1,691 71
.
58 00
96 74
25 90
4,138 88
$128,622 26
$128,622 26
Miscellaneous
Total Expenses for Year
Salaries
Amount
Rent
$1,450.50
paid for
Advertising
Other Expenses
$429.77
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
143
16
823
10 cents
Shares
Par value
Largest number held by one
Number fully paid
Rate
of dividend,
member
November, 1923
$5
380
9,722
8%
Total
$1,880.27
46
P. D. 8, Part IV.
Number
441
of depositors
Rate of interest paid during year
Interest payable
5%
Nov.
Feb.
1,
May
1,
Aug.
1,
1
LOWELL — NOTRE DAME DE LOURDES CREDIT UNION
26
Incorporated September
BRANCH STREET
12, 1911.
Began business September
Aurele Nadeau, President.
19,
1911
Joseph A. N. Chretien, Treasurer.
Alfred Nadeau, Clerk of Corporation.
Board of Directors: A.
Baron, Joseph Cayouette, J. A. N. Chretien, L. L. Fortin, Gilbert Gariepy,
Alexi Mailloux, Alfred Nadeau, Aurele Nadeau, Joseph Peloquin, Omer Smith.
J.
Credit Committee: J. A. Baron,
Edmond
Ludger Coulombe,
Pinard.
Supervisory Committee: Oliva Bergeron, X. A. Delisle, Arthur Simard.
BALANCE SHEET, OCTOBER
1924
31,
Liabilities
Loans
Furniture and fixtures
....
8297,297 14
1,749 00
Due from banks and trust companies:
Savings accounts
Checking accounts
Suspense
Cash
124
15,320
22,426
2,514
84
44
31
84
Shares
Deposits
S51,325 31
256,320 98
6,303 93
218 73
1,605 03
8,496 13
15,000 00
162 46
.
Guaranty fund
Reserve fund
.
Undivided earnings
Profit and loss
payable
Other Uabilities
Bills
.
$339,432 57
$339,432 57
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
Shares
Deposits
Investments
Loans repaid
.
Interest
Entrance fees
Bills payable
Other receipts
Cash, Oct. 31, 1923
$3,547 38
150,835 77
Shares
Deposits
1,350 00
54,067 09
18,156 95
Loans made
Expense
62
20,000
46,473
2,236
Dividends paid
Bills payable
Suspense
Furniture and fixtiu:es
00
00
96
78
33
40
93
65
58
65
00
96
49 00
3,682 35
46,473 96
$8,987
148,520
30,114
3,270
10,722
3,204
5,000
18,743
.
Interest paid
Cash shortage
Other disbursements
Cash, Oct. 31, 1924
17.960 12
$296,729 93
$296,729 93
Miscellaneous
Total Expenses for Year
Amount
paid for
Salaries
Rent
Advertising
$2,288.33
$216.00
$60 86
.
Other Expenses
$705.46
Total
$3,270.65
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
93
189
880
25 cents
applicacents
tion;
10
per share
Shares
Par value
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
Number
of depositors
of interest paid during year
Interest payable
Rate
$5
40
10,265
6%
1,293
^H%
Nov.
1,
May
1
p. D. 8, Part IV.
85
BLOSSOM STREET
Incorporated July 23, 1912.
Harry Goldberg,
47
LYNN — LABOR CIRCLE CREDIT UNION
Began business August
Hyman
12,
1912
Abraham Blackman,
President.
S.
Treasurer.
Polansky, Clerk of Corporation.
Board of Directors: Abraham Blackman, Morris Dantzker, J. Frank, Harry Goldberg, Morris Green,
Charlie Levine, J. Margolis, H. S. Polansky, Jacob Stroma.
Credit Committee: Israel Furie,
William Grob, Barney Kolchy, Louis Kline, Harry Levine, Louis Paster,
Barney Snyder.
Supervisory Committee: Samuel Finkelstein, Barney Grob, Samuel Viner.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Investments
Liabilities
$.55
Loans
Furniture and fixtures
....
00
44,441 76
135 00
Due from banks and trust companies:
Savings accounts
Checking accoxmts
1,531 88
1,420 80
Shares
Deposits
$12,628 80
31,372 60
1,710 94
.
Guaranty fund
Profit and loss
.
Reserve for depreciation
44 25
Other assets
$47,628 69
$47,628 69
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
Shares
Deposits
Loana repaid
$7,517
26,471
86,596
4,630
113
104
.
Interest
Entrance
1,909 85.
6 50
fees
Fines
Guaranty fund
.
Other receipts
Cash, Oct. 31, 1923
85
38
24
75
50
70
20 26
42 85
1,262 45
$126,759 98
48
P.
Board of Directors:
Credit Committee:
J.
N. Bergeron, A. Langlois, A.
Supervisory Committee: E. Chauss4, A.
Part IV.
P. Leblanc.
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
InvestmentB
S3,988 83
70,226 39
Loans
Due from banks and trust companies:
Savings accounts
8,
Sau'iiier.
De Langle,
Assets
Checking accounts
Cash
D.
Baurque, F. Dionne, D. Gagnon, A. Gingras, G. Langevin, H. Leblanc, A. Simard.
....
Shares
Deposits
Guaranty fund
Reserve fund
Undivided earnings
Profit and loss
.
767 93
2,887 29
605 14
64
68
62
$28,193
37,407
8,346
67
.
31
1,620 57
2,839 86
$78,475 58
$78,475 58
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
»2,510
24,856
500
16,863
4,149
Shares
Deposits
Investments
Loans repaid
.
16
38
00
12
08
60 45
141 35
Interest
Entrance fees
Other receipts
Cash, Oct. 31, 1923
14,517 19
Shares
Deposits
Investments
Loans made
Expense
Interest paid
Dividends paid
Cash, Oct. 31, 1924
43
24
83
00
$4,673
18,315
3,988
29,065
....
....
....
....
888 01
996 19
1,410 67
4,260 36
.
$63,597 73
$63,597 73
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
Rent
Advertising
$516.00
$177.04
$40.75
Other Expenses
$154.22
Total
$888.01
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
53
46
375
15 cents
Shares
Par value
$5
100
5,726
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
5%
Deposits
Number
Rate
223
of depositors
of interest paid during year
4J^%
Interest payable
Jan.
1
July
1,
April
Oct.
1,
1
MALDEN — MUTUAL INVESTMENT CREDIT UNION
212
Incorporated
November
BRYANT STREET
4,
1922.
Began business November
Jacob
Board of
Directors:
Edward
S.
Ruderman, Clerk
Alpert, Philip Bersansky,
J. S.
Credit Committee:
Simon
8,
1922
Edward
George D. Rossyn, President.
Berloe, Louis Jacobson,
Supfroisory Committee: Samuel Cohen, J
Hyman
Berloe, Morris
Ruderman
I. J.
Alpert, Treasurer.
of Corporation.
Pord, Samuel Silverstein.
M. Cohen, Bernard Kaplan.
Cushman,
G
D. Rossyn,
:
D.
p.
8,
49
Part IV.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Loans
Liabilities
$22,381 52
Furniture and fixtures
....
223 32
Due from banks and trust companies
Savings accounts
Checking accounts
Other assets
Shares
.
Guaranty fvmd
.
Undivided earnings
367 01
2,618 56
150 75
Profit
and
loss
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
.
Loans repaid
Interest
Entrance
fees
Fines
Other receipts
Cash, Oct. 31, 1923
06
66
08
00
29
72 39
3,478 34
$7,137
40,889
2,996
59
23
$54,655 82
15
55
96
50
$25,741 16
$25,741 16
Shares
$21,578
1,088
481
2,592
.
50
P.
Receipts and Disbursements during the Year ending October
D.
Part IV.
8,
1924
Disbursements
Receipts
....
Shares
Deposits
Loans repaid
S99,683
69,139
360,593
25,326
Interest
....
Entrance fees
Fines
Furniture and fixtures
68
58
Shares
Deposits
12
13
Loans made
Expense
384 25
Interest paid
149 97
Dividends paid
Savings accounts, deposits
Furniture and fixtures
Undivided earnings
Other disbursements
Cash, Oct. 31, 1924
1,381 95
Other receipts
Cash, Oct. 31, 1923
31,
35 64
24,048 07
.
$74,250
57,418
402,357
7,287
1,475
9,086
67
2,140
1,016
49
81
61
74
89
31
07
45
82
858 85
24,782 35
.
.
.
$580,742 39
$580,742 39
Miscellaneous
Total Expenses for Year
Amount
paid for
Salaries
Rent
Advertising
Other Expenses
$3,330.62
.$837.11
$28.00
$3,092.01
Total
$7,287.74
Membership
Number added during year
Number withdrawn! during year
Number of members, Oct. 31, 1924
Amount of entrance fee
435
246
1,810
Adults $1 minors
25 cents
;
(Scares
Par value
Largest number held by one
Nirmber fully paid
Rate
of di\-idend,
member
.
.
.
.
$10
100
-
17,1.56
8%
November, 1923
Number
149
Rate
6%
of depositors
of interest paid during year
Interest payable
Jan.
1,
July
1,
April
Oct. 1
1,
MANSFIELD — MANSFIELD CREDIT UNION
NORTH MAIN STREET
240
Incorporated
May
23, 1916.
Began business September
Lyman
Board
J
1916
G. Horton, Clerk of Corporation.
H Bagloe. Alphonso Buck, H. W. Butterworth, R. M. Cook, A. A. Grover,
Horton, N. G. Howard, F. E Knox, Joseph Roman, F. R. Sawyer.
Directors: A.
Credit Committee: C. F.
Howard, W. R. Jones,
Supervisory Committee: F. D. Fairbanks,
J.
W. H.
G. Moran, H. A. Morse, F. O. Shephardson.
BALANCE SHEET, OCTOBER
Loans
Furniture and fixtures
31,
1924
Liabilities
$15,773 31
175 00
Due from banks and trust companies:
Checking accounts
Other assets
L G.
Roots, K. C. Sherman.
Assets
Cash
2,
Frank R. Sawyer, Treasurer.
Albert A. Grover, President.
418 48
26 06
187 47
$16,580 32
.
$8,776 89
7,022 01
317 57
.
44 42
412 26
Shares
Deposits
.
Guaranty fund
Undivided earnings
Profit and loss
Other
liabilities
.
7 17
$16,580 32
p. D. 8, Part IV.
Receipts and Disbursements during^ the Year ending October 31, 1924
Receipts
Shares
Deposits
Loans repaid
.
Interest
Entrance fees
Fines
Miscellaneous
Cash, Oct. 31, 1923
.
51
P. D. 8, Part IV.
52
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
Rent
Advertising
$150.00
$55.00
$12.20
Membership
Total
$593.68
Other Expenses
$376.48
^i;
104
7
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
ol cents
f
25
Shares
Par value
Largest number held by one
Number fully paid
Rate
of
^^
member
« sjoa
^w
J
5J4%
dividend, November, 1923
Deposits
Nimiber of depositors
Rate of interest paid during year
Interest payable
?i/or
\^'°^
Dec.
1,
June
,,
Marcn
,
1,
,
1,
oept. 1
NEW BEDFORD — SACRED HEART CREDIT UNION
SUMMER STREET
349
Incorporated September
5,
1914.
Began business October
27,
1914
Fabiola Bosse, Treasurer.
Joseph Chauss6, President.
Louis Jean, Clerk of Corporation.
Board
of Directors: Fabiola Bo3s6,
Joseph Chauss4, Loiiis Jean, Richard Remillard,
Credit Committee: J. B. Archambeault, D.
Omer
Valois.
H. Gauthier, William Nerbonne.
Supervisory Committee: Alphonse Gauthier, Henri Gerin, Elphige Sansouci.
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Assets
Loans
Due from banks and
3,177 00
....
....
trust companies:
Savings accounts
Checking accounts
760 11
5,333 19
Shares
Deposits
.
Guaranty fund
Undivided earnings
Profit and loss
.
$92,270 30
Receipts and Disbursements during the Year ending October 31, 1924
$17,123
63,898
6,556
2,126
2,565
63
12
44
41
70
$92,270 30
53
p. D. 8, Part IV.
Shares
Par value
Largest
Rate
|^
number held by one member
Number
^T^it
tm
o /o
fully paid
of dividend,
November, 1923
Deposits
Number
of depositors
Rate of interest paid during year
Interest payable
f 1J07
Jf^
/o
Nov.
1,
May
1
NEW BEDFORD -SOUTHERN MASSACHUSETTS TELEPHONE WORKERS'
CREDIT UNION
WATER STREET
60
Incorporated
James F. McLaughlin,
November
8,
Began business November
1922.
8,
Colin
President.
1922
W. Chisholm,
Treasurer.
Viola C. Winslow, Clerk of Corporation.
Board of Directors: C. W. Chisholm, J. P. Courtney, C. F. Donahue, R. S. Greenya, Jenme Keefe, M.
McClusky, J. F. McLaughUn, F. A. McNuIty, Joseph Murphy, Hilda M. Nelson, F. C. bartons,
G. L. Taber, NeUie S. Lamb, Sadie Wilde, Viola C. Winslow.
Credit Committee:
W.
B. Carr,
Supervisory Committee:
M.
I.
Jr.,
Helen G. Higgins, G.
Burnham, E. T.
Sears,
W.
Mercer.
H. F. Smith.
BALANCE SHEET, OCTOBER
Assets
Investments
Loans
Furniture and fixtures
Due from banks and trust companies:
Savings accounts
Checking accounts
.
.
31,
1924
Liabilities
$13,837 74
43,925 53
205 30
12,892 14
701 23
$48,180 85
18,861 55
Shares
Deposits
.
Guaranty fund
1,656 62
.
303 52
967 62
Reserve fund
Undivided earnings
Profit
and
1,591 78
loss
$71,561 94
$71,561 94
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
Shares
Deposits
Loans repaid
.
Interest
^Entrance fees
Fines
.
Suspense
Cash, Oct. 31, 1923
$31,390
30,520
82,701
5,155
27
300
120
17,892
89
68
55
16
30
53
00
25
34
28
74
47
21
36
1,595 03
55 11
121 00
93 45
13,593 37
$14,011
28,417
13,837
93,297
2,387
699
Shares
Deposits
.
Investments
Loans made
Expense
Interest paid
Dividends paid
Guaranty fund
Suspense
Other disbursements
Cash, Oct. 31, 1924
$168,103 36
$168,108 36
M iscellaneous
Total Expenses for Year
Rent
Salaries
Amount
paid for
$2,027 00
Advertising
Other Expenses
$281 33
.
Membership
273
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
119
In
t
'" cents
Shares
Par value
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
|5
o onii
am
°/o
Total
$2,387.21
54
P. D. 8, Part IV.
Deposits
Number
of depositors
of interest paid during year
Interest payable
373
Rate
.
5%
Nov.
Feb.
1,
May
1,
Aug.
1,
1
NEW BEDFORD — ST. ANNE CREDIT UNION
151^
RODNEY FRENCH BOULEVARD
Incorporated August
3,
Began business September
1911.
Francois Bernard, President.
P.
Damien
Credit Committee: Michel Parent,
Ludger
Slight,
E. T. Giguere, Adelard Langlois,
J.
Napoleon Lapointe.
Supervisory Committee: Alexandre Robin, Alfred Bonneau,
EucUde Choquette.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Liabilities
Investments
Loans
Furniture and fixtures
....
S6,379 30
298,022 75
517 22
Due from banks and trust companies:
Savings accounts
1911
Jarry, Clerk of Corporation.
Board of Directors: Frangois Bernard, Hugues Desautels, P. D. Jarry,
Joseph Piche, Denis Richard.
Checking accounts
Cash
5,
Adelard Langlois, Treasurer.
6,523 23
20,611 43
1,252 28
Shares
Deposits
$70,407 72
221,280 85
15,082 96
17,156 58
9,378 10
.
Guaranty fund
Undivided earnings
Profit and loss
.
$333,306 21
$333,306 21
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
Shares
Deposits
Loans repaid
55
55
50
93
445 20
20,217 44
$12,221
304,203
77,990
23,752
.
Interest
Entrance fees
Cash, Oct. 31, 1923
Shares
Deposits
Investments
$5,127 29
293,736 86
Loans made
Expense
93,495 00
3,373 77
8,656 54
5,037 55
617 22
28,386 94
.
500 00
Interest paid
Dividends paid
Furniture and fixtures
Cash, Oct. 31, 1924
.
$438,831 17
$438,831 17
Miscellaneous
Total Expenses for Year
Amount
paid for
Salaries
Rent
Advertising
$2,462.00
$496.00
-
Other Expenses
$415.77
Total
$3,373.77
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
95
.
.57
903
20 cents per share
Shares
Par value
Largest number held by one
Number fully paid
Rate
of dividend,
$5
600
member
14,079
9%
November, 1923
Deposits
Number
Rate
of depositors
of interest paid during year
Interest payable
882
^i4%
Nov.
1,
May
1
p. D. 8, Part IV.
ORR SQUARE
10
Incorporated February
Samuel Ruby,
9,
Began business February
1912.
Charles
Samuel
Levi,
Credit Committee:
J.
M. M.
Gilfix, Treasurer.
Aronson, Clerk of Corporation
Aronson, Sol Finklestein,
S. J.
1912
15,
President.
Board of Directors:
55
REVERE — REVERE CREDIT UNION
J.
F. Fittingoff, Charles Gilfix, L. B. Glixman, Phineas
Samuel Ruby, Maiirice Silbermann, W. D. Wheeler.
Aisner, Philip Friedman,
Aron Weintroub.
Supervisory Committee: Erving Ente, A. A. Harris, (one vacancy).
BALANCE SHEET, OCTOBER
1924
31,
Assets
Liabilities
Investments
.5650
Loans
Furniture and fixtures
Due from banks and
...
....
Shares
Deposits
00
Guaranty fund
Undivided earnings
Profit and loss
400 00
.
trust companies:
Savings accounts
Checking accounts
Suspense
Other assets
.
.
.
Cash
15,000
28,162
312
201
50
$197,606 34
4,906 01
11,571 41
71 68
12,824 56
.
182,203 31
00
.
88
81
00
00
$226,980 00
$226,980 00
Receipts and Disbursements during the Year endings October 31, 1924
Disbursements
Receipts
Shares
Deposits
Loans repaid
$111,715
6,545
186,511
189
19,517
77
.
Expense
Interest
Entrance
fees-
268
256
Fines
Maintenance fees
Undivided earnings
36
8,412
Cash, Oct. 31, 1923
Shares
Deposits
16
07
83
08
04
50
64
00
89
33
$55,240 40
2,961 39
217,923 12
2,590 61
1,459 45
10,166 69
15,000 00
25 00
28,162 88
....
....
....
Loans made
Expense
Interest paid
Dividends paid
Savings accounts, deposits
Other disbursements
Cash, Oct. 31, 1924
.
.
$333,529 54
$333,529 54
Miscellaneous
Total Expenses for Year
Amount
paid for
Salaries
Rent
$1,600.00
$540.00
Advertising
-
Other Expenses
$450.61
Total
$2,590.61
Membership
Number added diiring year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
155
.68
809
50 cents
Shares
Par value
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
$10
350
19,382
10%
Deposits
Number
Rate
of depositors
of interest paid during year
8
,
6%
Nov. 1,
May
Interest payable
Feb.
1,
Aug.
1,
1
ROCKLAND — ROCKLAND CREDIT UNION
UNION STREET
Incorporated January 23, 1922.
Abraham
Began business April
8,
1922
Albert
Lelyveld, President.
Patrick
J.
Ford, Clerk of Corporation.
W. Ames,
Treasurer.
P. D. 8, Part IV.
56
Board of Directors: A. W. Ames, L. E. Blanchard, Harold Capen, Thomas Dorsey, P. J. Ford, John Fucillo,
Emil Kelstrand, J. Lelyveld^. Abraham Lelyveld, J. B. Mahar, W. T. McCarthy, J. R. Parker, Harold
Reed, L. Verdone, G. H. Wilder.
Credit Committee:
Roland Poole,
J.
A. RadcHflfe, Harry Tracy.
Supervisory Committee: E. O. Bemis, H. C. Smith,
J.
M. Young.
BALANCE SHEET, OCTOBER
1924
31,
Assets
Liabilities
Loans
3,601 12
Furniture and fixtures
60 00
Due from banks and trust companies:
Shares
Deposits
$3,033 55
.
Guaranty fund
337 73
177 08
Checking accounts
Cash
566 72
172 25
6 65
396 71
05
.
Undivided earnings
Profit and loss
Other liabiUties
.
$4,175 93
$4,175 93
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
$2,182 80
529 04
4,631 06
Shares
Deposits
Loans repaid
.
497 92
15 75
54 43
05
362 09
Interest
Entrance fees
Fines
Other receipts
Cash, Oct. 31, 1923
Shares
Deposits
$837 19
116 87
6,681 62
....
....
....
Loans made
Expense
Interest paid
Dividends paid
Cash, Oct. 31, 1924
62
4
55
514
.
23
64
78
81
$S,273 14
$8,273 14
Miscellaneous
Total Expenses for Year
Rent
Salaries
Amount
Other Expenses
$53.79
Advertising
$8.44
paid for
Total
$62.23
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
49
14
149
25 cents
Shares
$5
Par value
Largest number held by one
Number fully paid
Rate
of dividend,
member
.
113
551
6%
November, 1923
Deposits
Number
15
of depositors
6%
Nov. 1,
May 1,
Rate
of interest paid during year
Interest payable
Feb.
Aug.
1,
1
SALEM — HYGRADE CREDIT UNION
BOSTON STREET
60
Incorporated February 14, 1921.
Began business February
John
Philip C. Herring, President.
Leland W.
Credit Committee:
J. S.
Learoyd,
Margaret Bradstreet, F.
Supervisory Committee: Grace
S.
1921
Learoyd,
Jr.,
Treasurer.
Gilliatt, Clerk of Corporation.
Board of Directors: Sadie Brooks, Katherine Cronan, Annie Flynn,
King,
14,
J.
Jr.,
Healy,
Clarence Lee,
Mary
A.
W.
L.
W.
Gilliatt, P. C.
E. Poor.
Kumph.
McKeeman, Thomas Orchard, Robert Reed.
Herring,
AUce H.
:
p. D. 8, Part IV.
57
BALANCE SHEET, OCTOBER
1924
31,
Assets
Liabilities
Inveatments
Loans
Due from banks and trust companies
Checking accounts
Accrued interest
Other assets
....
Shares
Deposits
$13,738 75
2,792 45
«3,033 80
14,376 66
.
Guaranty fund
266
29
241
157
.
Reserve fund
Undivided earnings
1,334 86
236 65
2 50
Profit
and
loss
$18,105 21
10
73
84
$18,105 21
Receipts and Disbursements during the Year ending October
31, 1924
Disbursements
Receipts
$1,480
24,579
5,447
12,068
Shares
Deposits
Investments
Loans repaid
.
fees
Fines
Other receipts
Shares
Deposits
Investments
71
89
50
50
737 19
5 75
22 98
Interest
Entrance
08
Loans made
Expense
04
52
25
00
66
639 00
124 96
117 77
17 70
1,334 86
Interest paid
Dividends paid
Accrued interest paid
Other disbursements
Cash, Oct. 31, 1924
7 71
1,259 53
Cash, Oct. 31, 1923
$2,184
15,053
14,201
11,876
60
.
$45,609 76
$45,609 76
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Rent
Salaries
-
Other Expenses
$60.66
Advertising
-
-
Total
$60.66
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
20
98
245
25 cents
Shares
Par value
$5
70
606
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
6%
Deposits
Number
Rate
224
of depositors
of interest paid during year
6%
Interest payable
Jan. 31, April 30,
July 31, Oct. 31
SALEM — JEWISH COMMUNITY CREDIT UNION
169
ESSEX STREET
Incorporated June 25, 1921.
Began business July
18,
1921
Myer
William Wise, President.
Lacritz, Treasurer.
Jacob Novick, Clerk of Corporation.
Board of Directors: Myer Lacritz, David Maron, Mamie Palnetsky,
I.
Shapiro, William Wise.
Credit Committee: 8. Galper, S. Kerr, Joseph King.
Supervisory Committee: S. H. Freedberg, R. H. Kramer,
Abe
Weinstein.
BALANCE SHEET, OCTOBER
Assets
Loans
Due from banks and trust companies;
Checking accounts
31,
1924
P. D. 8, Part IV.
Receipts and Disbursements during the Year ending October 31, 1924
68
Disbursements
Receipts
Shares
93
75
02
75
1 GO
15 00
233 89
Interest
Entrance
fees
Fines
Other receipts
Cash, Oct. 31, 1923
....
Shares
S4,039
11,340
578
21
.
Loans repaid
Loans made
Expense
Cash, Oct 31, 1924
$1,661 07
13,421 00
417 45
730 82
.
$1S,230 34
$16,230 34
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
Rent
Advertising
$96.00
360.00
-
Other Expenses
$261.45
Total
$417.45
Memhership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
67
29
130
25 cents
Shares
Par value
$10
26
442
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
None
SALEM — SALEM CREDIT UNION
252
Incorporated
Harry Barron,
May
ESSEX STREET
15, 1912.
Began business June
2,
Hyman
S.
Credit Committee: Kusiel Kaplan, Louis Levenson,
Supervisory Committee: Morris Lipshutz,
Hyman
Max
Levenson,
Max
Levine, H. S. Polansky.
Porter.
David Maron, Samuel
Zoll.
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Assets
$205 00
Investments
Loans
Due from banks and trust companies:
....
14,506 10
$1,829 25
12,661 78
Shares
Deposits
.
Guaranty fund
Undivided earnings
Profit and loss
.
252 21
1,311 96
Other
liabilities
.
$16,275 27
Disbursements
Receipts
.
.
.
.
$2,436 15
13,925 88
34,815 60
.
.
.
.
1,861 72
11 60
Interest
Entrance
fees
42 35
950 00
Fines
Savings accounts, withdrawals
Other receipts
Cash, Oct. 31, 1923
.
.
.
.
.
7 52
2,352 77
$56,403 59
947 07
20 00
816 25
1 92
$16,275 27
Receipts and Disbursements during the Year ending .October. 31, 1924
Shares
Deposits
Loans repaid
Treaiurer.
Polansky, Clerk of Corporation.
Board of Directors: Harry Barron, Nathan Berkowitz,
Savings accounts
Checking accounts
1912
Nathan Berkowitz,
President.
Shares
p. D.
8,
Part IV.
59
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
Rent
Advertising
$346.00
$79.45
$77.62
Other Expenses
$50.66
Total
$553.73
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
46
25
192
25 cents
Shares
Par value
$10
Largest number held by one member
Number fiiUy paid
Rate of dividend, November, 1923
8%
1
179
Deposits
Number
165
Rate
6%
of depositors
of interest paid during year
Interest payable
Jan.
1,
July
1,
April
Oct. 1
1,
SOUTHBRIDGE — HAMILTON CREDIT UNION
MILL STREET
Incorporated July 28, 1921.
Began business August
Joeeph V. Laughnane, President.
9,
1921
James H. Wilcock, Treasurer.
Rudolph Lusignan, Clerk
of Corporation.
E. Birdsall, Wm. Buckingham, F. Hanson, H. O. Jackson, R. Herahaw,
A. Prendergast, WiUiam Proulx, J. F. Laughnane, R. Lusignan, A. Prantkielwicz, J. Walsh, P. Whiteoak, J. H. Wilcock, R. Yates.
Board of Directors : W. E. Arnold,
Credit Committee:
W. W.
J.
Grant, G.
S.
Rich, John Rowley, H. F. Ryan.
Supervisory Committee: E. B. Armstrong,
J.
O. Martin,
Edna M.
BALANCE SHEET, OCTOBER
31,
Assets
Investments
Loans
Due from banks and trust companies:
Savings accounts
Checking accounts
....
J.
W.
Swift.
Small.
1924
Liabilities
Shares
Deposits
$14,475 00
4,368 40
Guaranty fund
Profit and loss
4,730 33
$24,183 18
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
.
Expense
Interest
Entrance fees
Fines
Cash, Oct. 31, 1923
299 42
579 47
937 17
609 45
$24,183 18
Shares
Deposits
Loans repaid
$22,367 12
$15,353 99
1
P. D.
60
Part IV.
8,
Shares
$5
Par value
by one member
Largest number held
Number fully paid
Rate
of dividend,
270
4,473
6%
November, 1923
Deposits
Number
21
of depositors
of interest paid during year
Interest payable
4%
Rate
Nov.
Feb.
1,
May
1,
Aug.
1,
1
SPRINGFIELD — SPRINGFIELD, MASS., POST OFFICE EMPLOYEES'
CREDIT UNION
MAIN STREET
300
Began business
Incorporated April 27, 1923.
Ellis
Board of Directors:
Credit Committee:
W.
M.
Begley, H. C.
W.
Humason,
Supervisory Committee: G. F. McNulty,
J.
J.
F.
P. Smith,
Hurley, E. G. Knox, F.
J. J.
W. Vinnicombe.
Sullivan.
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Loans
1,453
.
.
....
50
2 20
.
Due from banks and trust companies:
Savings accounts
Checking accounts
1923
H. Ingham.
Assets
Furniture and fixtures
1,
Frank W. Vinnicombe, Clerk of Corporation.
J. Carroll, G. E. Hayes,
J.
May
Frank W. Vinnicombe, Treasurer.
G. Knox, President.
Cash
Shares
Deposits
$5,772 80
.
665 44
145 45
5 98
549 85
Guaranty fund
Undivided earnings
Profit and loss
.
145 45
452 09
86 28
$7,139 52
$7,139 52
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
$5,255 80
807 20
8,080 00
626 26
101 50
39 52
75
205 80
Shares
Deposits
Loans repaid
.
Interest
Entrance fees
Fines
Other receipts
Cash, Oct. 31, 1923
Shares
Deposits
S480 50
212 83
00
.
Loans made
Expense
13,611
104
12
9
59
09
80
2 20
683 82
Interest paid
Dividends paid
Furniture and fixtures
Cash, Oct. 31, 1924
.
$15,116 83
$15,116 83
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Salaries
Rent
Advertising
.«60.00
-
-
Other Expenses
$44.59
Total
$104.59
Membership
103
2
180
>
Nvmiber added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
.
Amount of entrance fee
$1
Shares
$10
40
504
Par value
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
6%
Deposits
Number
of depositors
of interest paid during year
Interest payable
Rate
..."
29
4%
Nov.
1,
May
1,
Feb.
Aug.
1,
1
p. D. 8, Part IV.
61
SPRINGFIELD — UNITED ELECTRIC LIGHT COMPANY EMPLOYEES'
CREDIT UNION
73
Incorporated August
Harry H. White,
2,
STATE STREET
Began business September
1923.
President.
21, 1923
Joseph F. Lyons, Treasurer.
Archibald Walker, Clerk of Corporation.
Board of Directors: E. W. Lewis,
Credit Committee: V.
W.
Supervisory Committee:
J.
F. Lyons, F.
H. O'Malley, Archibald Walker, H. H. White.
Cignoh, Mellen Greenleaf, L. H. Smith.
W. H.
Bolewine, L.
J. Scott, J. P.
Way.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Loans
Due from banks and trust companies:
Savings accounts
Checking accounts
....
Cash
Liabilities
$6,706 28
2,528 00
1,190 04
296 50
Shares
Deposits
},556 42
.
Guaranty fund
Undivided earnings
Profit and loss
.
$10,720 82
$10,720 82
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
Shares
Deposits
Loans repaid
.
Interest
Other receipts
Cash, Oct. 31, 1923
Disbursements
7,878
999
4,701
671
15
3,076
10
80
32
52
50
07
$17,342 31
578 13
117 24
07
468 96
:
P. D. 8, Part IV.
62
BALANCE SHEET, OCTOBER
Savings accounts
Checking accounts
Cash
$29,467 19
87,722 63
489 29
.
.
1924
Liabilities
Assets
Investments
Loans
Furniture and fixtures
Due from banks and trust companies:
.
31,
....
9,887 99
12,453 21
4,825 92
54
99
69
04
784 55
3,272 42
Shares
Deposits
$92,136
43,307
2,701
2,643
.
Guaranty fund
Reserve fund
.
Undivided earnings
Profit
and
loss
$144,846 23
$144,846 23
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
S69,169
63,623
3,822
94,045
9,428
Shares
Deposits
Investments
Loans repaid
.
Interest
62
Entrance fee
1,104
Fines
229
Other receipts
Cash, Oct. 31, 1923
15,225
25
63
50
Shares
Deposits
Investments
54
Loans made
Expense
23
90
92
00
65
$18,617
39,301
31,447
132,868
3,477
.
19
81
01
1,098 21
2,223 12
265 55
Interest paid
Dividends paid
Guaranty fund
Furniture and fixtures
Cash, Oct. 31, 1924
48
08
246 05
27,167 12
.
$256,711 62
$256,711 62
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Rent
-
Salaries
$2,874.50
Other Expenses
$585.41
Advertising
$17.10
Total
$3,477.01
Membership
629
207
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
M81
10 cents
.......•*•**•
Shares
Par value
Largest number held by one
Number fully paid
Rate
of dividend,
^^
member
?'^ci
17,561
» /o
November, 1923
Deposits
Number
of depositors
of interest paid during year
Interest payable
Im^^
5%
„
Nov. 1, Feb.
May 1, Aug.
Rate
,
,
,
1.
1
WALPOLE — NEPONSET CREDIT UNION
WASHINGTON STREET (EAST WALPOLE)
Incorporated October
A. C. Urquhart, President.
Board
of Directors :
5,
1915.
Began business November
1,
1915
A.
W.
Smith, Treasurer.
B. R. Taylor, Clerk of Corporation.
H. E. Rouillard, C. D. Savage, A. W. Smith,
J.
H. Smith, B. R. Taylor, A. C. Urquhart,
J. J. AVhite.
Credit Committee: D. J. Cullinane, H.
H.
Miller, G. E. Smith.
Supervisory Committee: A. H. Anderson, B. D. Rogers, A. H. Russell.
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Assets
Investments
Loans
Due from banks and trust companies
Checking accounts
$21,406 25
27,694 41
$18,177 75
26,800 98
Shares
Deposits
.
Guaranty fund
Undivided earnings
Profit and loss
.
109 76
Dividends payable
$49,110 42
1,497
1,237
1,385
11
55
47
18
49
$49,110 42
p.
D.
8,
Part IV.
Receipts and Disbursements during: the Year ending October
63
31, 1924
'
P. D.
64
Part IV.
8,
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
Rent
Advertising
-
$52.00
$4.50
Other Expenses
$5.00
Total
$61.50
Membership
2
4
56
10 cents
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
Shares
$5
205
Par value
Largest number held by one member
Number
Rate
1,236
fully paid
of dividend,
None
November, 1923
Deposits
Number
Rate of
48
of depositors
interest paid during year
3%
Nov. 1,
May
Interest payable
Feb.
1,
Aug.
1,
1
WINTHROP — PEOPLE'S CREDIT UNION
157
SHIRLEY STREET
Incorporated August 23, 1918.
David
Began
business,
September
6,
1918.
George Pinksohn, Treasurer.
Scott, President.
George Pinksohn, Clerk of Corporation.
Board
Adams, George Epstein, Nathan
of Directors: Joseph
Lippa, George Pinksohn,
Credit Committee: Charles Levy,
J.
Ferar,
T. Reese,
Kalman Flaxman, G.
David
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Loans
.
.
$80,492 98
278 50
Shares
Deposits
.
Guaranty fund
Due from banks and trust companies:
Checking accounts
Suspense
Max
Sumner Ginsburg, Harry Ruskin.
Assets
.
Frank,
Harry Rosenthal, Harry Wise.
Supervisory Committee: Rebecca Freeman,
Furniture and fixtures
J.
Scott.
11,738 51
440 02
.
Undivided earnings
Profit and loss
Other liabilities
.
$92,950 01
Receipts and Disbursements during the Year ending October 31, 1924
$73,578
6,199
5,743
1,768
60
65
13
50
5,627 36
32 77
$92,950 01
p.
D.
8,
65
Part IV.
Membership
150
56
574
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
10 cents per share
Shares
®5
400
Par value
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
14,581
8%
Deposits
20
Number
of depositors
Rate of interest paid during year
Interest payable
6%
April 30, Oct. 31
WINTHROP — WINTHROP CREDIT UNION
192
WINTHROP STREET
Incorporated July 19, 1915.
Elmer E. Dawson,
Began business July
28,
1915
Charles H. Holbrook, Treasurer.
President.
Charles H. Holbrook, Clerk of Corporation.
Board of Directors: C. S. Adams, M. A. Belcher, O. R. Countaway, E. E. Dawson, L. E. Griffin, Maud S.
Hallam, W. E. Hewitt, C. H. Holbrook, W. F. Johnson, H. E. Keough, T. J. Mahaney, H. M. McNeill,
Kate S. Payne, A. S. Smith, E. P. Whittier.
Credit Committee: P. B. Churchill, Nelson Floyd, R. A. Lang.
W.
Supervisory Committee: H.
Aiken, K. C. Brown,
S. F.
Tucker,
BALANCE SHEET, OCTOBER
31,
1924
Assets
Liabilities
Investments
Loans
Due from banks and trust companies:
Sa\nngs accounts
Checking accounts
....
.
Cash
.
.
$800 00
3,191 49
.
Guaranty fund
19 71
79.5
69
297 18
3,724 25
Shares
Deposits
.
Undivided earnings
Profit and loss
Other Uabilities
.
$5,104 07
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
Shares
Deposits
Investments
Loana repaid
.
Interest
Entrance
fees
Fines
Other receipts
Cash, Oct. 31, 1923
210
878
69
218
86
10
10
58
3 18
$5,104 07
:
P. D.
66
Part IV.
8,
Shares
Par value
Largest
Rate
*^
100
738
number held by one member
Number
fully paid
of dividend,
6%
November, 1923
Deposits
Number
of depositors
of interest paid during year
Interest payable
^}yof
4J4%
Rate
Nov.
1,
1,
May
Feb.
Aug.
1,
1
WORCESTER — CENTRAL MASSACHUSETTS TELEPHONE WORKERS'
CREDIT UNION
26
Incorporated
November
MECHANIC STREET
8,
1922.
Began business November
8,
1922
Frank
Albert G. Barnes, President.
J.
Carrigan, Treasurer.
Charles A. Boyce, Clerk of Corporation.
Board of Directors: A. G. Barnes, C. A. Boyce, Ellen G. Brown, Frank Buckley, Sarah E. Burnett, F. J.
Carrigan, E. H. Coolidge, G. J. Dahl, C. F. Donahoe, Marie L. Ford, Cecelia E. Haire, Martha M.
Henshaw, J. L. Alorely, Frank O'Neil.
Credit Committee:
Anna R.
Coyle, T.
J.
Healy, C. E. Wilkins.
Supervisory Committee: Laurence Dolan,
Lucy
F. Donlon,
W.
R. Jones.
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Assets
Loans
29,118 71
.
Furniture and fixtures
336 90
Cash
....
.
.
.
Guaranty fund
Due from banks and trust companies
Checking accounts
Suspense
Shares
Deposits
4,120 46
1.5 53
100 00
.
Reserve fund
Undivided earnings
and loss
payable
Other liabilities
Profit
Bills
$33,691 60
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
Shares
Deposits
Loans repaid
.
;
Interest
Entrance
fees
Fines
payable
Other receipts
Cash, Oct. 31, 1923
Bills
$18,570 81
10,971 79
37,679 42
2,310 68
19 10
544 88
39 87
3,217 72
2,145 71
$75,499 98
823,210 76
4,039 48
684 76
1,083 69
411 42
529 16
3,424 98
307 35
$33,691 60
p.
D.
67
Part IV.
8,
Shares
Par value
|5
600
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
^'M^^
8%
Deposits
211
Number
of depositors
of interest paid during year
Interest payable
5%
_
Nov. 1, Feb.
May 1, Aug.
Rate
,
,
,
1,
1
WORCESTER — LA CAISSE POPULAIRE (CREDIT UNION) DE
WORCESTER
FRONT STREET
112
Incorporated August 10, 1911.
W.
Began business August
25, 1911
Exlore Metivier, Treasurer.
Levi Bousquet, President.
George E.
Board of Directors: G. E.
Belisle, E.
Belisle, Clerk of Corporation.
W. L. Bousquet, Elie Galipeau,
Metivier, N. A. Prevost.
A. Brodeur,
J.
A. Loiselle, Exlore
Credit Committee: J. B. Brodeur, C. E. Gosselin, E. P. Soly.
Supervisory Committee: Frederick Boisseau, H. H. Caron (one vacancy).
BALANCE SHEET, OCTOBER
31,
1924
Liabilities
Assets
Investments
Loans
Due from banks and trust companies:
Savings accounts
Checking accounts
Suspense
....
.
$5 00
13,114 41
3,929 83
1,854 39
1,022 42
Cash
$2,564
16,200
102
1,088
Shares
Deposits
.
Guaranty fund
Profit and loss
54
27
68
16
29 60
$19,955 65
$19,955 65
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
$115 00
84
47
27
50
48 20
5,744 74
Shares
Deposits
Loans repaid
.
4,255
11,988
1,167
4
Interest
Entrance fees
Fines
Cash, Oct. 31, 1923
.
Shares
Deposits
$177 66
3,932 50
12,389 00
....
....
Loans made
Expense
Interest paid
Suspense
Cash, Oct. 31, 1924
318 44
687 60
5 00
5,813 82
.
$23,324 02
$23,324 02
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
-
Rent
-
Advertising
-
Other Expenses
$318.44
Total
$318.44
Membership
23
57
249
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
25 cents
Shares
$5
25
496
Par value
Largest
number held by one member
Number
Rate
fully paid
of dividend,
None
November, 1923
Deposits
Number
89
Rate
4J^%
of depositors
of interest paid during year
Interest payable
Jan. 15, April 24,
July 1, Oct. 15
p. D.
WORCESTER — NEW ENGLAND CREDIT UNION
94
Incorporated
March
8,
Part IV.
WATER STREET
22, 1912.
Began business June
17,
1912
Idel Sack, Treasurer.
Joseph D. Rutman, President.
Louis Cohen, Clerk of Corporation.
Board of Directors:
Credit Committee:
I. I.
Adam
Goldman, Simon Goodman, Abraham Jackson, David Mason, Louis Meenes,
Solomon Shreiar.
Corbin, PhiKp Kaufman,
Nathan Nore.
Supervisory Committee: Aaron LaskoS, Sidney Linden, Samuel Ziskind.
BALANCE SHEET, OCTOBER
Assets
Loans
Furniture and fixtures
Due from banks and trust companies:
Checking accounts
Other assets
31,
1924
p.
D.
8,
69
Part IV.
BALANCE SHEET, OCTOBER
Assets
31,
1924
P. D. 8, Part IV.
Receipts and Disbursements during the Year ending October 31, 1924
70
Disbursements
Receipts
....
....
....
Shares
Deposits
Investments
Loans repaid
Interest
Shares
Deposits
Investments
14
07
00
99
60
33 25
26 00
.'J98,211
186,613
20,795
176,750
55,763
Entrance fees
Suspense
Due on construction loans
Cash, Oct. 31, 1923
Loans made
Expense
Interest paid
.
.
.
.
74
50
50
68
83
44
96
44 03
2,041 30
51,528 92
Dividends paid
Suspense
Due on construction loans
Cash, Oct. 31, 1924
2,041 30
17,276 55
.
$77,321
115,348
30,171
235,892
2,901
10,551
31,708
....
....
....
....
.
$557,510 90
$557,510 90
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
Rent
Advertising
-
-
-
Other Expenses
$2,901.83
Total
$2,901.83
Mevibership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
133
64
2,026
25 cents
Shares
Par value
$5
500
Largest number held by one member
Number
Rate
fullv paid
of dividend,
118,776
6%
November, 1923
Deposits
Number
Rate
of depositors
of interest paid during
882
43^%
year
Jan. 1, April 1,
July 1, Oct. 1
Interest payable
WORCESTER — WORCESTER CENTRAL LABOR CREDIT UNION
MADISON STREET
62
Incorporated July 17, 1915.
Patrick
J.
Began business August
10,
1915
Walter F. Read, Treasurer.
Leary, President.
Walter F. Read, Clerk of Corporation.
Board of Directors: I. M. Aronson, M. J. Bachand, Harry Bailey, T. F. Conroy, William Crosbie, D. R.
Donovan, W. H. Haskins, Oliver Jonah, Peter Lavin, P. J. Leary, T. C. McNamara, W. F. Read,
F. M. Salters, Martin Tracy, G. E. Sutherland.
Credit Committee: L. G. Fay, Jeremiah
Mara, W. A. Rossley.
Supervisory Committee : Harry Hanson,
J. J.
Reidy,
J.
E. Scanlon.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Investments
Loans
Due from banks and trust companies:
Savings accounts
Checking accounts
....
Cash
Liabilities
$960 00
43,022 71
Shares
Deposits
$29,576 77
12,275 06
.
Guaranty fund
31 12
995 03
175 25
384 69
Reserve fund
Profit
and
Other
liabilities
1,365 92
1,580 75
loss
92
$45,184 II
$45,184 11
Receipts and Disbursements during the Year ending October 31, 1924
Disbursements
Receipts
Shares
Deposits
Loans repaid
.
Interest
Entrance fees
Suspense
Reserve fund
Cash, Oct. 31, 1923
$6,028
10,829
20,304
3,066
18
60
44
35
97,
00
78 31
67 34
1,179 03
$41,572 04
Shares
Deposits
Loans made
Expense
Interest paid
Guaranty fund
....
....
....
Reserve fund
Cash, Oct. 31, 1924
.
$3,783
4,524
29,071
871
354
1,697
67
1,201
66
50
00
72
66
86
34
40
$41,572 04
71
p. D. 8, Part IV.
Miscellaneous
Total Expenses for Year
Amount
....
paid for
Salaries
Rent
Advertising
$520.00
$95.00
$36.25
Total
Other Expenses
$220.47
$871.72
Membership
72
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
7
422
25 cents
Shares
Par value
$5
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
400
5,601
None
Deposits
Number
47
of depositors
of interest paid during year
Interest payable
5%
Rate
Nov.
Feb.
1,
May
1,
Aug.
1,
1
WORCESTER — WORCESTER CREDIT UNION
50
Incorporated June
Israel
Goldman,
I.
WATER STREET
5,
Began business June
1911.
3,
1911
Nathan Meyers,
President.
Treasurer.
Carl A. OstrofF, Clerk of Corporation.
Board of Directors : Harry Babbit, David Cotzin, I. I. Goldman, Hyman Lederman, Louis Levinsky, Nathan
Meyers, Nathan Nore, C. A. Ostroff, Jacob Rosh, Harry Snegg.
Credit Committee: Louis Cohen, Charles Epstein, Joseph Goodstein,
Nathan Karpelman, Harry Lubarsky.
Supervisory Committee : Albert Beeber, Louis Chase, Aaron Laskoff.
BALANCE SHEET, OCTOBER
31, 1924
Assets
Loans
Furniture and fixtures
Due from banks and
Liabilities
Shares
Deposits
56,983 52
1,869 87
Guaranty fund
trust companies:
Checking accounts
Reserve fund
and loss
Other habihties
4,150 74
Profit
$243,004 13
$243,004 13
Receipts and Disbursements during the Year ending October 31, 1924
Receipts
Shares
Deposits
Loans repaid
.
Interest
Entrance
fees
Fines
Other receipts
Cash, Oct. 31, 1923
$82,230 00
$180,935 00
35,588 83
12,640 16
1,000 00
12,548 09
292 05
1
P. D. 8, Part IV.
72
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
85
56
1.280
25 cents
Shares
S5
816
Par value
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
36,187
7%
Deposits
416
Number
Rate
of depositors
of interest paid during
7%
year
December
Interest payable
1
WORCESTER — WORCESTER INDEPENDENT WORKMEN'S CIRCLE
CREDIT UNION
102
Incorporated
November
WATER STREET
Began business November
17, 1922.
18,
1922
Benjamin Goloboff, Treasurer.
Morris H. Chase, President.
Louis Rosenberg, Clerk of Corporation.
Board of
Directors:
Samuel AUentuch, M. H. Chase, Philip Cooper, Benjamin Goloboff, Harry Lederman,
Hyman
Credit Committee:
Mattasoff, Louis Rosenberg,
Abraham
Silver, Isaac
Silverman.
Samuel Koritz, Joseph Leventhal, Louis Plotkin, Harry Snegg, Samuel Schwalbe.
Supervisory Committee: Charles Myers, Bernard Shapiro,
Abraham Solomon.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Loans
Due from banks and
Liabilities
Savings accounts
Checking accounts
....
$65,325
2,862
3,073
114
3,982
Shares
Deposits
$66,698 00
.
trust companies:
Guaranty fund
Undivided earnings
Profit and loss
2,467 12
6,192 96
.
00
63
02
59
84
$75,358 08
$75,358 08
Receipts and Disbursements during ths Year ending October 31, 1924
Dis bursements
Receipts
00
37
00
53
00
79
00
5,001 46
Shares
Deposits
Loans repaid
$35,595
4,648
110,848
6,460
61
39
10
.
Interest
Entrance fees
Fines
Other receipts
Cash, Oct. 31, 1923
$16,975
3,262
128,642
1,478
43
3,294
Shares
Deposits
.
Loans made
Expense
Interest paid
Dividends paid
00
29
00
27
50
87
308 14
8,660 08
Guaranty fund
Cash, Oct. 31, 1924
$162,664 15
$162,6S4 15
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Salaries
Rent
Advertising
$720.00
$180.00
-
Other Expenses
$578.27
Membership
Number added during year
Number withdrawn during year
Number of members, Oct 31, 1924
Amount of entrance fee
90
17
467
$1
Total
$1,478.27
p. D. 8, Part IV.
73
Shares
Par value
Largest
Rate
$5
200
number held by one member
Number fuUy
paid
of dividend,
13,065
8%
November, 1923
Deposits
Number
66
Rate
6%
of depositors
of interest paid during year
Interest payable
Nov.
WORCESTER — M.
S.
David R. Templeman,
May
1
WRIGHT COMPANY CREDIT UNION
164
Incorporated July
1,
FREMONT STREET
19, 1921.
Began business November
17,
1921
Frank C. Bertrand, Treasurer.
President.
Ruth H. Smith,
Clerk of Corporation.
Board of Directors: James Arnott, F. C. Bertrand, Glenna O'Gara, H. E. Johnson, Ruth H. Smith, D. R.
Templeman, C. M. Wright.
Credit Committee: R. C. Brick, A. J.
Duggan, F. F.
Supervisory Committee: Gertrude L. Felton,
Fuller.
Norman
Nixon, E.
S.
BALANCE SHEET, OCTOBER
Assets
Wright.
31,
1924
74
P. D. 8, Part IV.
WORCESTER — ZION CREDIT UNION
10
WAVERLY STREET
Incorporated December
Samuel
Began business January
1914.
7,
1915
4,
William Klein, Treasurer.
Chafitz, President.
Samiuel Griff, Clerk of Corporation.
Board of Directors: Samuel Chafitz,
Davidson, M. Gorfinkel,
S.
I.
Credit Committee: Carl
Sack,
Lewis, P. Joffe,
S.
M. Krock, W.
Klein,
S. Shraier.
Bur wick, Max Joseph, A. Kumin.
Supervisory Committee: B. Bernstein, R. Bogage, S. Feinberg.
BALANCE SHEET, OCTOBER
31,
1924
Assets
Liabilities
$7,950 00
108 95
Loans
Cash
Shares
$7,319 83
219 97
519 15
.
Guaranty fund
Profit and loss
$8,058 95
$8,058 95
Receipts and Disbursements during; the Year ending: October 31, 1924
Disbursements
Receipts
Shares
Interest
Entrance
Shares
S4,115 00
13,114 00
733 96
17 00
3 65
253 86
.
Loans repaid
fees
Fines
Cash, Oct. 31, 1923
.
.
Loans made
Expense
Dividends paid
....
....
.
Cash, Oct. 31, 1924
_
.
$1,563 00
16,122 GO
188 00
256 52
108 95
.
.
$18,237 47
$18,237 47
Miscellaneous
Total Expenses for Year
Amount
paid for
....
Salaries
Rent
Advertising
$125.00
$30.00
$7.50
-
Other Expenses
$25.50
Total
$188.00
Membership
Number added during year
Number withdrawn during year
Number of members, Oct. 31, 1924
Amount of entrance fee
20
4
102
$1
Shares
Par value
Largest number held by one member
Number fully paid
Rate of dividend, November, 1923
$5
200
1,464
.
.
.
.
8%
'
CREDIT UNIONS WHICH HAVE 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
UNITED TAILORS ASSOCIATION CREDIT UNION
30
LOVERING STREET, BOSTON, MASS.
Incorporated April 23, 1915.
Began business July
19,
1915
p. D.
8,
75
Part IV.
GENERAL INDEX
Credit
Credit
Credit
Credit
Credit
Unions,
Unions,
Unions,
Unions,
Unions,
Page
1-74
Abstracts of Annual Reports
Alphabetically by Name
General Remarks and Recommendations
Legislation enacted, 1924
Tables of Statistics
(o
m
.X
vi-vui
\
Index to the Annual Reports
{Alphabetically by Name.]
CREDIT UNIONS
.
Boston
^oston
Boston
Bever y
•
•
.•
•
•
•
.
.
.
.
.
.
;
'
2
2
34
5
6
7
32
32
35
66
Worcester
Boston
5°
,
7
8
33
?
?k°'-''^^°''
Abmgton
Framingham
1
40
Boston
Boston
Boston
.
.
3
3
^^u^^
Cambridge
Boston
goston
5°®*??
Brockton
Brockton
Cambridge
,
9
10
11
12
^-^
i?^
^itchburg
38
12
°^*°'^
"
"
'
.
.
.
f
Boston
Salem
Boston
Boston
13
14
69
15
41
56
16
16
Lowell
43
-j
§°^l?.u
bouthbridge
i°f
°Y
Holyoke
....
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
S. Wright Company Credit Union
Mt. Bowdoin Credit Union
Mutual Investment Credit Union
Neponset Credit Union
New England Credit Union
Northern Massachusetts Telephone Workers' Credit Union
Notre Dame de Lourdes Credit Union
People's Credit Union
Polish National Credit Union
Progressive Credit Union
Proo-ressive Workmen's Credit Union of Maiden
Prospect 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
La
Page
Location
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 Post Office Employees' Credit Union
Boston & Maine R. R. Employees' Credit Union
•,
Brockton Credit Union
Brockton Postal Employees' Credit Umon
^,.
Central Credit Union
,.
Central Massachusetts Telephone Workers' Credit Umon
Cigar Factory Employees' Credit Union
City of Boston Employees' Credit Umon
Crescent Credit Union
Crossett Credit Union
D. M. C. Credit Union
East Boston Credit Union
Elmco Credit Union
Farmanco Credit Union
Filene Co-operative Association Credit Union
Fitchburg Credit Union
Gilco Credit Union
^ ,. Vt
Greater Boston Public School Employees Credit Union
Grove Hall Credit Union
Hamilton Credit Union
Hampden Credit Union
Holyoke Credit Union
Hygrade Credit Union
Independent Order Sons of Italy 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
M
baiem
57
J-ynn
47
Lawrence
41
Worcester
67
42
Lawjence
Boston
17
V?^*^c
7j
Mansfield
44
50
^oston
Boston
Bosuon
74
5?®*°°..
20
73
18
19
Worcester
21
^?^!'?^
^^H
East
.
.
w
Walpole
i
i
Worcester
Lowell
i;?"^?r
Winthrop
Chicopee
.
^"f?^^**^""
Maiden
Cambridge
.
5®^®^
j
"
?°*'^^'^.f
New Beaford
,
Boston
55
55
52
58
balem
Boston
^^^
S?®
Worcester
48
62
68
45
46
64
37
68
49
36
•
21
21
69
23
76
P. D-
•
Location
Name.
South End Credit Union
Southern Massachusetts Telephone Workers' Credit Union
Springfield Mass., Post OflSce Employees' Credit Union
.
.
.
.
.
Springfield
New
Walworth Credit Union
Warren Credit Union
West End Credit Union
Western Massachusetts Telephone Workers' Credit Union
Whitson Credit Union
Winnisimmet Credit Union
WinthroD Credit Union
Worcester Central La'oor Credit Union
Worcester Credit Union
Worcester Independent Workmen's Circle Credit Union
Workers' Credit Union
Zion Credit Union
Bedford
Lynn
Waltham
Marlborough
Boston
Boston
Boston
Boston
State Employees' Credit Union
Telephone AVorkers' Credit Union
Traders' Credit Union
Union Workers' Credit Union
United Electric Light Employees' Credit Union
United Tailors' Association Credit Union
Springfield
Boston
Boston
Boston
Boston
.
.
.
Springfield
Boston
Chelsea
Winthrop
.
.
.
Part IV.
....
...
...
...
....
....
....
....
....
....
...
....
....
....
...
...
....
....
....
Boston
New Bedford
St. Anne Credit Union
St. Jean Baptists Parish Credit Union
St. Joseph's Credit Union of Waltham
St. Mary's Parish Credit Union
8,
Worcester
Worcester
Worcester
Fitchburg
Worcester
.
.
...
...
...
...
...
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61
31
36
65
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71
72
39
74
@FedFRASER