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Public Document No. 8 t: ; Cfce Commontoealtft of 6@assacljusetts ANNUAL REPORT OF THE Commissioner of Banks FOR THE Year' ending October 30, 1926 Part IV RELATING TO CREDIT UNIONS Department of Banking and Insurance Publication of this Document approved bt the Commission on Administration and Finance 500 12-'26 Order 7249 atye (ttaamuimimiltl! nf iMassarljuB^tts Office of the Commissioner of Banks, State House, Boston, January 19, 1927. To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court assembled. Banks, required by General Laws, The complete report covering the work of this department and containing statements of the institutions under its supervision and other statistical information will be submitted as heretofore at a later date. The annual report Chapter 167, section of the 9, is Commissioner of respectfully submitted herewith. Consolidated Statement of Resources of All Institutions under Supervision of the Commissioner of Banks, October 30, 1926. l P.D. ii The General Court, vital 8, Part IV. at its previous session, enacted two measures which are of Chapter 351 legalized for investment, bonds importance to savings banks. of certain public utility corporations and Chapter 283 permitted the investment in certain railroad equipment obligations. While the latter opened new avenues of investment, the public utility issues offered broader opportunities and presented problems in determining eligibility. In consequence of this legislaupon this department the responsibility of analyzing the terms of the indentures under which public utility bonds were issued, as well as certain features of the financial condition of the issuing corporations whose securities might become eligible for investment, in order to determine that each issue actually complied with the requirements of the act. In accordance with established policy, strict construction and interpretation have been applied to every provision of this act, one result of which was the admission to eligibility of the bonds of companies more difficult tion there devolved operating in only twenty-six states. By reason of this and other strict applications of the provisions of the statute, the list of bonds available for investment is not as large as had been generally expected; but it is gratifying to note that certain of the corporations are making the necessary changes in their indentures to meet these rulings and interpretations. The importance of this act to our savings banks is indicated by the fact that it has made available for investment public utility bonds of issues exceeding provision of the act, however, limits a bank's investment in $500,000,000. the bonds of any such corporation to 2 per cent of its deposits and its total investments in such bonds to 15 per cent of its deposits. To October 30, 1926, approximately $18,500,000, shghtly more than 1 per cent of the aggregate deposits, have been invested in such securities. A Trust Companies. Trust company reports rendered as of October 30, 1926, showed total assets in departments of $1,352,486,086, an increase during the year of more than $71,000,000. To this increase the commercial departments contributed $6,000,000, the savings departments $14,000,000 and the trust departments more than $51,000,000. The trust departments merit a special word. At the present time The exfifty-three trust companies are authorized to exercise fiduciary powers. pansion of the service of corporate trusteeship has been so rapid that during the last ten years the assets of trust departments have increased $365,000,000 and have reached a total of $466,000,000, comprising 35 per cent of the aggregate assets of all trust companies. The General Court, at its last session, enacted legislation, in the absence of enabling provisions in the general law, authorizing three trust companies to estabThis policy lish additional offices, two of which are located in adjoining towns. extends banking facilities to small communities where the establishment of separate institutions would be unwarranted. During the year two new trust companies were incorporated, the Mystic Trust Company, Medford, and the University Trust Company, Cambridge. Inquiries have been made by officers of certain national banks with regard to converting their institutions into trust companies, but this process, unlike that of the conversion of trust companies into national banking associations, is surrounded under the present statutes with legal technicalities which acted as a deterrent. all Co-operative Banks. The rapid growth of co-operative banks has continued throughout the year, although the increase in assets is slightly less than that of the previous year. One important feature of their growth during the past few years has been the rapid increase in the amount represented by matured and paid-up share certifiThere are at the present time 93,777 members holding such certificates cates. representing $118,625,400, an average of $1,265 each. This amount constitutes 28.58 per cent of the total liabilities of all co-operative banks. This, in a large measure, is the result of the sale of shares of a prior series and since some banks do not issue such shares, in many banks the percentage of such liabilities to total liabilities is considerably in excess of the ratio mentioned. P.D. 8, Part IV. The demand iii mortgage loans has continued unabated and in some sections has exceeded the funds accumulated, causing borrowing by many banks. At the present time nearly $3,000,000 are being borrowed to meet applications for such loans. The average amount of each real estate loan held by all co-operative banks for now stands at $3,290. A total of 31,056 new loans, averaging $4,067 each, was made during the year. The voluntary liquidation of the Shawsheen Co-operative Bank, Andover, was effected during the past few months. This bank commenced business on April 1, 1924. As a result of the transfer of the offices of a large textile concern from Andover to Boston, the removal from the vicinity of many of those interested in the bank and the unavailing efforts to interest local residents in the continuation of the bank, it ceased business on May 7, 1926, and commenced liquidation which was completed on September 8, 1926. All shareholders were paid in full. Credit Unions. Under the provisions Chapter 171 of the General Laws, as recodified during the last session of the Legislature, the annual reports of credit unions to this department hereafter will be made as of the last business day of December. For this reason the figures relating to credit unions in this abstract are as of June 30, 1926, the date of the last report made to this department. A comparison of the total assets of credit unions as of October 31, 1925, and June 30, 1926, shows an increase of $822,300 for that period and a normal rate for the full year. In 1924 and again in 1925 it was recommended that the statutes governing the operation of credit unions be revised in order that their development might be along proper lines. This revision was accomplished by the enactment of Chapter 273 of the Acts of 1926, which has already corrected many unsatisfactory conditions and will be increasingly beneficial in the future. Section 4 of this act entitled "Credit Union Banking Restricted," has had farreaching effect. Its provisions prohibit any person, partnership or corporation from receiving deposits of money from members on account of shares or deposits and loaning the same in the way and manner of a credit union. Thus many groups which heretofore had been doing business of this nature under declarations of trust and other agreements were forced to seek credit union charters. Since this act became effective, 156 such groups have been granted certificates to incorporate by the Board of Bank Incorporation, many of which have completed their organization and have commenced business. of Private Bankers. partnerships and corporations licensed by this department to engage in the business of receiving deposits of money for safekeeping or for the purpose of transmitting the same to foreign countries now number thirty-one. The outstanding development in this business during the year has been the decrease in the total amount of money transmitted to foreign countries from $7,713,197 in 1925 to $6,571,525 in 1926. This falling off is attributable to the operation of the laws restricting immigration and to the partial stabilization of the Italian lira. As the stabilization of exchange progresses, a further decrease in the transmission of funds abroad may be expected. Individuals, Christmas Clubs. Christmas clubs have developed to such an extent that, for the first time since this plan has been in operation, figures were obtained from savings banks and trust companies showing the number of members and the amounts distributed to them at the termination of the club year. In ninety-nine cities and towns, — P.D. 8, Part IV. P.D. 8, Part IV. CREDIT UNIONS. Comparative Statement. P.D. vi 8, and commenced Business between November and December SI, 1926, inclusive. Credit Unions which organized Name Part IV. 1, 1925, P.D. 8, vn Part IV. and commenced Business between November and December 31, 1926, inclusive Concluded. Credit Unions which organized Name — 1, 1925, P.D. 8, Part IV. Aggregate Statement of Condition, 205 Credit Unions, December 31, 1926 viii STATEMENT Assets No. 1 P.D. 8, Part IV. STATEMENT No. 5 Dividends and Inteeest Number of Credit Unions Paying at Each Rate Dividends on Shares o Eh H CO P.D. 8, Part IV. ABSTRACT OF ANNUAL REPORTS OF THE CREDIT UNIONS SHOWING THEIR CONDITION AT CLOSE OF BUSINESS DECEMBER 31, 1926. ABINGTON — CROSSETT CREDIT UNION November Incorporated Thomas H. 14, 1923. Began business November 22, 1923 Winthrop C. Turner, Treasurer Bailey, President Mary A. Casey, Clerk of Corporation T. H. Bailey, Mary A. Casey, Mary E. Davis, Katherine Deady, Helen DeYoung, A. E. Doherty*, Fannie E. Gowell, G. E. Lineolnf, Louise M. McDermott, J. T. Mclsaacf, P. B. Newcombt, E. F. Phinney*, W. J. Reardon*, F. V. Thomas, W. C. Turner. Board of Directors: Meetings held at Railroad and Birch BALANCE SHEET, DECEMBER Streets. 31, 1926 Assets Liabilities $956 49 2,000 00 2,305 34 682 13 11 62 Personal loans Co-operative bank shares Deposits in savings banks Deposits subject to check Interest paid less current income . . . . Shares Deposits $762 00 4,838 82 144 12 210 64 . Guaranty fund . Undivided earnings $5,955 58 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 28 29 . 105 21 98 of depositors of interest paid during year Interest payable Feb. 1, May 26 152 6% 6% Total Expenses for Year Miscellaneous expenses $19 42 5% Aug. 1, Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 25 cents Number Rate $5,955 58 1, Rate Nov. 1. of interest on loans, $956.49 at 6%. BEVERLY — BEVERLY CREDIT UNION Incorporated February 20, 1917. Began business March Charles A. King, President 8, 1917 Walter Walter S. Flint, Treasurer S. Flint, Clerk of Corporation Board of Directors: Edward Dunt, Etta V. Flint*, W. S. Flint, G. A. Govef, U. G. Haskell, C. B. Hoodf, Anna L. King, C. A. King, F. I. Lomasney, W. W. Laws*, J. H. Newell, W. M. Shay*, L. S. Smithf, B. F. Swasey. R. E. Thierfelder. Meetings held at 170 Cabot Street. BALANCE SHEET, DECEMBER 31, 1926 Assets Personal loans . Real estate loans Deposits in savings banks Deposits subject to check Cash on hand . Liabilities $12,663 46,390 1,000 2,232 594 51 Shares 97 00 Guaranty fund Undivided earnings Current income 16 . 30 $62,880 94 Credit Committee. $52,631 66 4,434 92 4,350 15 1,464 21. $62,880 94 t Auditing Committee. P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . 8, Part IV. P.D. 8, Part IV. Membership Number Amount of members, Dec. 31, 1926 of entrance fee 16 $1 00 Shares Largest number held by one member Number fully paid . . Total Expenses for Year Miscellaneous expenses 841 90 BOSTON — ANDERSON CREDIT UNION Incorporated November 3, 1926. Began business November Israel Aronoff, President of Corporation Sam Boracf, Harry Davisf, Israel Goldstein, R. L. Kaplan*, George Krozyf, Lookner*, Morris Salkowitz, Joe Solov, Harry Yaffa*, Harry L. Zolov. of Directors: Israel Aronoff, J. 1926 Israel Goldstein, Treasurer Harry L. Zolov, Clerk Board 10, Meetings held at 45 Podar Street. BALANCE SHEET, DECEMBER Assets 31, 1926 P.D. 8, Part IV. BOSTON — BEACON HILL CREDIT UNION Incorporated Edward J. May 6, 1921. Began business June 20, 1921 Bromberg, President Jacob Brown, Treasurer Louis D. Frank, Clerk of Corporation Board of Directors: Alexander Aptaker, Philip Braverman, E. J. Bromberg, Jacob Brown, Israel Cherry, Hyman Feldman, Isaac Firger, L. D. Frank, William Goldberg, Morris Green, D. A. Jacobsf, C. L. Kaplan, Abraham Krinsky, Myer Krinsky, Simon Lendman, Harry Lepie*, Solomon Mondlickf, Louis Rifkofft, Harry Rubin*, Morris Schiller, Samuel White*. Meetings held at 179 Cambridge Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities Personal loans Real estate loans Deposits subject to check $132,251 88,763 2,817 179 . Cash on hand 93 63 Shares Deposits 80 Guaranty fund 89 1,152 49 . Furniture and fixtures $192,143 5,025 9,372 4,685 . . Reserve fund Undivided earnings Current income Bills payable Membership . . . . 356 72 1,206 . ... ... . 685 . $225,165 74 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 of depositors of interest paid during year May 15, Aug. 10% 8% Total Expenses for Year 19 6% . $3,427 00 729 58 Salaries Rent Other expenses Interest payable Feb. 15, 600 37,875 $1 00 Deposits Number Rate Nov. 15, 1,152 31 . 15. Total Rate of interest on 37 02 1,112 68 2,826 65 10,000 00 $225,165 74 Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 94 08 6%; loans, $66,325.78 at $90,186.15 at 8%; $5,308 89 $62,053.63 at 9%; $2,450.00 at 12%. BOSTON — BERDITCHIVER CREDIT UNION Incorporated December 6, 1926. Began business December 14, 1926 Max M. Harry Kesselman, President Steinfield, Treasurer Philip Saklad, Clerk of Corporation Board of Directors: Max Astrinf, Harry Borisofsky, Samuel Cohen*, Samuel Cooper, Louis Goldfield, Louis Katz, Gadalia Kenmach, Harry Kesselman, B. Kruminsky, Rubin Miller*, Charles Palter, Barney Richmond, Isaac Richmond, Louis Rifkofff, Philip Sakladf, Max M. Steinfield, Max Tulman*. Meetings held at 92 Leverett Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $4,656 00 Personal loans Deposits subject to check . 645 46 Shares Guaranty fund $5,116 21 41 122 . Undivided earnings Current income $5,301 46 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 74 10 1926 97 00 20 29 $5,301 46 Shares Largest number held by one member Number fully paid . 89 . $1 00 ...... Total Expenses for Year Salaries Other expenses . Total Rate * Credit of interest Committee. $65 16 on loans, $4,656.00 at 8%. t Auditing $20 00 45 16 Committee. P.D. 8, Part IV. BLUE HILL NEIGHBORHOOD CREDIT UNION BOSTON Incorporated January S. 3, 1921. Began business January 3, 1921 Harry Gerber, Treasurer Frank Greenstein, President Joseph G. Kofman, Clerk of Corporation Board of Directors: William Aronoff, Samuel Ash, Nathan Braunsteinf, Jacob Brickman, S. S. Dushan, Isaac Fishman, Max Gelles, Harry Gerber, N. J. Golden, B. E. Gordon, S. F. Greenstein, Joseph Keshen*, J. G. Kofman, Morris Mappen*, Abraham Rosent, Benjamin Rosenblum*, Nathan Rotbergf, M. E. Schneider, Wm. Siegle, Max Ulin, Adolph Ullman. Meetings held at 1151 Blue Hill Avenue (Dorchester District). BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $135,301 101,335 34,857 600 Personal loans Real estate loans Deposits subject to check . Cash on hand . 48 00 08 00 500 18 2,149 76 Other assets Furniture and fixtures Shares Deposits $214,020 15 48,391 73 8,291 02 66 34 1,377 98 2,596 28 . Guaranty fund . Reserve fund Undivided earnings Current income $274,743 50 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee $1 for adults; $274,743 50 817 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 250 Salaries . . . . 769 208 . 1,809 600 42,474 10 cents for children under 16 years. ...... ...... Total Expenses for Year Deposits Number Rate of depositors . of interest paid during year . . Interest payable Feb. 1, May Aug. 1, 6% . 1, Nov. Rent Advertising Other expenses 1. . . . . . . . . . . Total Rate of interest $4,221 10 775 28 19 33 1,839 05 $6,854 76 on loans, $236,636.48 at 6%. BOSTON — BOSTON INDEPENDENT WORKMENS CIRCLE CREDIT UNION Incorporated October 29, 1926. Began business November 1, 1926 Morris Rosen, President Hyman Board of Directors: Israel Horwitz, Treasurer Slate, Clerk of Corporation Samuel Feldmanf, Louis Greenfield, Simon Goldman*, Israel Horwitz, D. S. Hurwitz, Orkin*, Morris Rosent, Jacob Rosen, Samuel Ross*, Louis Shapiro, Hyman Abraham Kaplan, Benny Slate*, M. H.Tubiasht. Meetings held at 86 Leverett Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities Personal loans Deposits subject to check 3,439 50 . 271 18 Shares Deposits Current income $9,030 25 182 59 497 84 . $9,710 68 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 125 50 $1 00 $9,710 68 Shares Largest number held by one member Number fully paid Deposits Number Total Expenses for Year of depositors Salaries Rent Interest payable Apr. 1, Oct. ..... . . . . . . . Other expenses 1. . . Total Rate of interest * Credit 80 1,760 on Committee. loans, $5,657.00 at 6%; $15 00 37 00 86 29 $138 29 $3,782.50 at 8%. t Auditing Committee. P.D. Incorporated March 10, 1924. Began business March 21, 1924 Edmund L. Laverty, President Joseph Board Part IV. BOSTON POST OFFICE EMPLOYEES' CREDIT UNION BOSTON John 8, W. Houston, F. Doyle, Treasurer Clerk of Corporation Abraham Abramhoff, Joseph Adams, W. P. Barry, E. F. Doyle, M. J. Dunn, M. J. Egan*, Flaherty, J. B. Gibbons, D. A. Hammondf, W. E. Hanglin, A. H. Holmes, F. J. Hurleyt, J. W. J. L. Laverty, C. H. Norton, W. J. O'Brienf, J. L. Shannon*, E. P. Sullivan*. of Directors: A. M. Houston, Meetings held at Room Milk 251, Post Office Building, BALANCE SHEET, DECEMBER Street. 1926 31, Assets Liabilities $105,318 29,800 9,756 10,338 S8 Personal loans Real estate loans Co-operative bank shares Deposits subject to check Furniture and fixtures . 60 00 Shares Deposits 40 Guaranty fund Undivided earnings Current income 61 00 01 38 56 36 55 19 75 $140,970 6,105 2,759 3,248 2,198 . . Other liabilities $155,301 61 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . . 594 . . 90 . ... ... . . 1,804 1,333 25 cents $155,301 61 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 Rate of depositors of interest paid during year Interest payable Feb. 1, May 1, 45 5% . Aug. 1, Nov. $2,014 75 231 19 847 12 Salaries Advertising Other expenses 1. $3,093 06 Total Rate of interest on 8% 8% Total Expenses for Year Deposits Number 400 27,961 loans, $18,400.00 at 6%; $105,318.60 at 7%; $11,400.00 at 8%. BOSTON — BOSTON & MAINE RAILROAD EMPLOYEES' CREDIT UNION Incorporated February 26, 1915. Began business March 1, 1915 Robert M. Spinney, Treasurer Harold D. Ulrich, President Charles D. Smith, Clerk of Corporation Board of Directors: R. C. Babbidge, C. N. Eddyf, H. F. Frederick*, F. T. Gleason, J. J. Lloyd*, J. E. Marshallt, L. J. Miller, G. F. Sheridanf, C. D. Smith, R. M. Spinney, F. J. Tague*, H. D. Ulrich. Meetings held at 152 Causeway Street. BALANCE SHEET, DECEMBER Assets 31, 1926 P.D. 8, Part IV. 7 BOSTON — BOWDOIN CREDIT UNION Incorporated November 16, 1926. Henry Began business November 16, 1926 Hyman Ehrlich, President Gidez, Treasurer Rachel Goldman, Clerk of Corporation Board of Directors: I. S. Ascherf, H. Brownf, Henry Ehrlich, Simon Ehrlich, H. Gidez, Rachel Goldman, A. Lazarf, Charles Roberts. Ascher*, Meetings held at 6 North Russell Street. BALANCE SHEET, DECEMBER Assets 31, 1926 S. Epstein*, P. Fleischer*, P.D. BALANCE SHEET, DECEMBER Assets Personal loans Deposits subject to check less . current income Shares Deposits 2,734 75 164 00 107 29 . Guaranty fund 22 25 $3,006 04 $3,006 04 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee Shares Largest number held by one member Number fully paid 1926 49 00 10 of depositors Interest payable Jan. 1, July 40 497 Total Expenses for Year Deposits Number Part IV. Liabilities $2,797 50 186 29 . Expense 8, 1926 31, $76 40 70 00 157 71 Salaries Rent Other expenses 1. Total Rate of interest $304 11 on loans, $2,797.50 at 6%. BOSTON — CENTER CREDIT UNION Incorporated November 2, 1926. Began business November 4, 1926 Joseph Fishburn, Treasurer Joseph E. Reilly, President Abraham Braverman, Clerk of Corporation Board of Directors: Samuel Bieberf, Abraham Braverman, J. F. Delaney, J. P. Englertf, Joseph Fishburn, Flynn*, H. B. Klanef, Max Klein*, J. E. Reilly, J. G. Rothstein*, Harry Silverman*, H. R. Williams. J. T. Meetings held at 300 Centre Street (Jamaica Plain District). BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $4,853 98 1,971 03 Personal loans Deposits subject to check . Shares ,713 51 Guaranty fund Current income 72 75 38 75 . $6,825 01 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 69 15 $6,825 01 Shares Largest number held by one member Number fully paid . . 165 1,300 $1 00 Total Expenses for Year $22 50 202 48 Salaries Other expenses Total Rate of interest $224 98 on loans, $4,853.98 at 7%. BOSTON — CHAET AND BLOOM CREDIT UNION Incorporated October 22, 1926. Began business October 25, 1926 Jacob Goldstein, President Philip Fingerman, Treasurer Arthur M. Greene, Clerk of Corporation Board of Directors: Albert Bloom*, Henry Chaetf, Joseph Cohen, W. A. Feinbergf, Philip Fingerman*, Jacob Goldstein*, A. M. Greene, N. A. Horowitz*, Samuel Karass*, Charles Nerenberg, David Snyderf. Meetings held at 318 Blue Hill Avenue (Roxbury District). : Credit Committee. t Auditing Committee. P.D. 8, Part IV. BALANCE SHEET, DECEMBER Assets 31, 1926 P.D. 10 BALANCE SHEET, DECEMBER Assets 31, 1926 8, Part IV. P.D. 8, 11 Part IV. BOSTON — CODMAN Incorporated November 18, 1926. CREDIT UNION Began business November 30, 1926 William William Weiner, President Stiller, Treasurer Maurice Semansky, Clerk of Corporation Board of Directors: Alex. Bosmanf, David Cohen*, L. I. Fleisehman*, Morris Katz*, Abraham Kellemf, Philip Kravetz*, F. A. Schneider*, Maurice Semansky, Joseph Short, William Stiller, William Weinerf. Meetings held at 1006 Blue Hill Avenue (Dorchester BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Deposits subject to check Liabilities $2,815 00 594 08 38 22 . Expense less current District). . income $3,445 30 Shares Guaranty fund 2 00 $3,447 30 $3,447 30 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 33 20 Shares Largest number held by one member Number fully paid . . ...... 00 82 563 Total Expenses for Year Rent Advertising Other expenses . . . . . . . . . . $89 60 Total Rate of interest $8 00 15 00 66 60 on loans, $2,815.00 at 8%. BOSTON — COLUMBIA CREDIT UNION Incorporated November 5, 1926. Began business November 1926 9, B. Eskin, Treasurer Alex. Goldkrand, President G. Board of Directors: Syence, Clerk of Corporation J. B. Bickleman*, M. Bashitsky*, B. Eskin, S. Finkelstein*, A. Goldkrandf, S. Goldkrandf, P. Orbach*, P. Richmond, G. J. Syence, H. White*, J. Whitef. Meetings held at 286 Blue Hill Avenue (Roxbury District). BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Deposits subject to check Liabilities 1,550 00 . Expense less 483 00 34 00 . current income $2,014 00 53 00 Shares Guaranty fund $2,067 00 $2,067 00 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 55 9 00 Shares Largest number held by one member Number fully paid . . 80 392 Total Expenses for Year Rent . Other expenses . . . . . . Rate of interest Committee. on loans, $1,550.00 at 10%. t Auditing . $6 00 123 00 $129 00 Total * Credit . Committee. P:D. 12 8, Part IV. BOSTON — COMMERCIAL CREDIT UNION Incorporated November 4, 1926. Began business November 6, 1926 Maurice B. Helfant, Treasurer Maurice Malkin, President Maurice B. Helfant, Clerk of Corporation of Directors: J. H. Davis, Barney Edelstein, B. B. Fishmanf, M. M. Gordon*, M. B. Helfant, H. B. Horowitzf, Max Litman*, Maurice Malkin, J. W. McRae, Samuel Moskin, John Palladino, Israel Pastan,. William Smithf, Joseph Stengel*, H. J. Weiner. Board Meetings held at 148 State Street. BALANCE SHEET, DECEMBER .... Assets Personal loans 31, 1926 Liabilities . P.D. 8, Part IV. 13 BOSTON — CRAWFORD CREDIT UNION Incorporated November 16, 1926. Began business November Rose Seagal, President 17, 1926 Rebecca L. Litman, Treasurer Edith Nathanson, Clerk of Corporation Board of Directors: Jennie Bernstein, Nellie Cutler*, Bella Gordon, Rose Hurwitz*, Dorothy Kadenf, Rebecca L. Litman, Rose Kraiterman, S. Kreidberg, Edith Nathansonf, Elizabeth Rosen*, Ida Rosenthal, Lillian Seagalf, Rose Seagal, Rose Sneider, Eva Swartz. Meetings held at Waumbeck Street (Roxbury BALANCE SHEET, DECEMBER Personal loans Deposits subject to check . Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 31, District) 1926 P.D. 14 8, Part IV. BOSTON — DORCHESTER CREDIT UNION Incorporated November 16, 1926. Began business November Samuel Soroken, President 17, 1926 Joseph Slatniek, Treasurer Joseph Goldman, Clerk of Corporation Board of Directors: Louis Chase, Harry Coblintz, Aaron Cohen, Barney Fisherf, Bernard Ginsburg, Joseph Goldman, David Kaplanf, Harry D. Kline*, Peter Krutzman, Max Richman*, Isaac Rubinovitz, Hyman Shulman*, Joseph Slatniek, Samuel Soroken, Joseph Yaffef. Meetings held at 222 Woodrow Avenue (Dorchester District). BALANCE SHEET, DECEMBER Assets 31, 1926 P.D. 8, 15 Part IV. BOSTON — FABYAN CREDIT UNION Incorporated October 18, 1926. Harry Began business November 1926 Oscar Weiss, Treasurer Star, President David W. Jacobs, Clerk Board 1, of Directors: Jacobs, of Corporation George Cohenf, Maxwell Cohen*, E. Facktoroff, H. M. Freemanf, D. W. Jacobs, Joseph J. M. Rosen*, S. M. Sief, Harry Star, Oscar Weiss, Arthur Wilson*. Max Raine, Joseph Rosenf, Meetings held at 1006 Blue Hill Avenue (Dorchester District). BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Deposits subject to check Liabilities $2,656 00 . 1,523 77 . $3,982 50 26 00 171 27 Shares Guaranty fund Current income . $4,179 77 Membership Number of members, Dec. 31, Number who'are borrowers Amount of entrance fee 1926 76 28 $2 00 $4,179 77 Shares Largest number held by one member Number fully paid . . . 35 786 . . ...... Total Expenses for Year Rent Other expenses . . . . $12 00 13 66 . Total Rate of interest $25 66 on loans, $2,656.00 at 8%. BOSTON — FAYSTON CREDIT UNION Incorporated October 25, 1926. Began business November Joseph Landman, President 2, 1926 Abraham Aronowitz, S. Board of Directors: A. Aronowitz, I. Finger*, B. Fruitkoff*, S. Goretsky, C. Graver*, sonf, J. Melnickf, L. Pritzky, A. Sandlerf, H. Swartz. Meetings held at 49 Fayston Street (Roxbury District). BALANCE SHEET, DECEMBER .... Assets Personal loans Deposits subject to check . Treasurer Goretsky, Clerk of Corporation 31, 1926 J. Landman, H. Lieber- P.D. 16 BOSTON — FEDERAL Incorporated November 3, 1926. 8, Part IV. CREDIT UNION Began business November Jones Rabinow, President 3, 1926 Morris Cohen, Treasurer Solomon Pollack, Clerk of Corporation Cohen, Morris Cohen, Abraham Gillin*, Philip Greenberg*, Max Polackf, Solomon Pollack, Jones Rabinow, Oscar Resnickf, Benjamin Snyder, Frank Slier*, Michael Sochinf. Board of Directors: Israel Meetings held at 235 Woodrow Avenue (Dorchester District). BALANCE SHEET, DECEMBER 192G 31, Assets Personal loans Deposits subject to check Other assets . Liabilities 59,147 70 1,402 10 83 44 Shares Guaranty fund Current income Other $10,633 24 Membership liabilities $10,326 60 . 21 00 147 18 138 46 $10,633 24 P.D. 8, 17 Part IV. BOSTON — FRANKLIN AID CREDIT UNION Incorporated October 5, 1926. Began business October 5, 1926 Joseph B. Shanis, Treasurer Barney Weiner, President Aaron Spector, Clerk of Corporation of Directors: S. H. Bobrick*, J. Canefsky, M. Feingold, L. Feinsteinf, N. L. Ginsberg, Isaac Kagan*, L. Kaplan, H. Lukatch, Bernard Normanf, J. B. Shanis, A. Spector, L. Smithf, A. Tilken, A. Turesky*, B. Weiner. Board Meetings held at 1111 Blue Hill Avenue (Dorchester District). BALANCE SHEET, DECEMBER 1926 31, Liabilities Assets Personal loans Deposits subject to check Furniture and fixtures . $36,014 59 2,510 45 325 00 Shares . Guaranty fund . Undivided earnings Current income $38,850 04 Membersliip 1926 Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 275 144 Shares Largest number held by one member Number fully paid 25 cents Total Expenses for Year Rent Other expenses Total $37,239 26 518 1,065 45 75 54 30 . P.D. IS 8, Part IV. BOSTON — FUR WORKERS CREDIT UNION Incorporated December 21, 1926. Began business December 22, 1926 Charles Fishman, Treasurer George Pearlman, President Hyman Denis, Clerk of Corporation Board of Directors: Alexander Beant, Isidor Beckman, Samuel Butkowitz*, Hyman Denis, Abraham Fishman, Charles Fishman, Israel Goldman*, William Li twin*, George Pearlman, Max Shumanf, Isidor Steinbergf. Meetings held at 21 Essex Street. BALANCE SHEET, DECEMBER 31, 1926 Liabilities Assets $174 00 182 50 20 00 Personal loans Deposits subject to check Expense less current income . . $348 50 28 00 Shares Guaranty fund $376 50 $376 50 Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 28 9 Shares Largest number held by one member Number fully paid Total Expenses for Year Miscellaneous expenses Rate 6 60 $1 00 of interest $26 96 on loans, $174.00 at 8%. BOSTON — GENEVA CREDIT UNION Incorporated November 6, 1926. Began business December 6, 1926 William Copel, Treasurer Louis Mitnick, President Paul N. Friedman, Clerk of Corporation Board of Louis Bush*, Wm. Copel*, Julius Feldman, P. N. Friedmant, Mark Ginsburg*, A. Kotzen*, Samuel Lappen, C. A. Loeb|, Louis Mitnick, J. J. Rothbergf, Donald Stahl*. Directors: Meetings held at 288 Blue Hill Avenue (Roxbury District) BALANCE SHEET, DECEMBER 31, 1926 M. P.D. 8, Part IV. 19 BOSTON — GILCO CREDIT UNION Incorporated July Frederick W. 11, 1914. Began business July 22, 1914 Small, President Charles Amy W. Harvey, Treasurer F. Buck, Clerk of Corporation Board of Directors: Amy F. Buck, Louis Campbell, James Chase*, John Corbett, Charles Downes*, Mary Gaunt, Donald Gerrie*, James Hartford, C. W. Harvey, Robert Heartz, Harry Hogle, Adam Hughgill, Frank Leavitt, John Murray, Henry Nieland, Harvey Schaschkef, F. W. Small, Oscar Swanson, F. F. Vorenberg, Fred Vorenbergt, Bruce Whistonf. Meetings held at 417 Washington Street. BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Liabilities $41,731 11,147 12.702 2,001 5,176 167 2 . Real estate loans Bonds Deposits in savings banks Deposits subject to check Cash on hand . Other assets 59 55 Shares Deposits 45 00 58 26 50 Guaranty fund 47 02 87 80 1,443 43 558 34 $28,614 40,690 1,278 343 . . Reserve fund Undivided earning Current income $72,928 93 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 191 254 810 346 . 1 $72,928 93 Shares Largest number held by one member fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 Number . . . . 50 . 5,592 8% 8% cent Total Expenses for Year Deposits of depositors of interest paid during year Other expenses $461 13 341 84 May Total $802 97 Salaries Number Rate Interest payable Rate of interest BOSTON 1, Nov. 1. on loans, $20,960.48 at 5%; $10,799.41 at 6%; $11,147.55 at 7J-£%; $9,971.70 at 8%. GREATER BOSTON PUBLIC SCHOOL EMPLOYEES CREDIT UNION Incorporated February Patrick M. 14, 1921. Began business April Connolly, President 4, 1921 Elizabeth T. McSweeney, Treasurer Elizabeth T. McSweeney, Clerk of Corporation Board of Directors: Anna M. Barryf, H. P. Brownf, T. E. Bunyon* J. F. Carr*, Richard Clayton, P. M. Connolly, J. F. Doonan, J. L. Galway, C. A. Kenneallyf, W. H. Lesure, John McMurrer, Elizabeth T. McSweeney, E. A. Moore, P. A. O'Brien, B. F. Quimby*, C. F. Travis, T. F. Twomey. Meetings held at 15 Beacon Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities Personal loans Deposits subject to check $6,353 03 . Cash on hand 590 11 211 83 . Shares Guaranty fund $6,644 22 212 49 . Undivided earnings Current income $7,154 97 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 34 4 119 52 . 287 46 10 80 $7,154 97 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 175 1,328 10% 8% 25 cents Total Expenses for Year Other expenses $200 00 89 05 Total $289 05 Salaries Rate ; of interest Credit Committee. on loans, $6,353.03 at 12%. t Auditing Committee. 20 P.D. BOSTON — HAMPDEN Incorporated July 17, 1916. CREDIT UNION Began business August 28, 1916 Rubin R. Jacobs, President Morris Rodnetsky, Treasurer Harry Board of Directors: Part IV. 8, L. Lurie, Clerk of Corporation M. Cohen*, R. R. Jacobs, H. J. Lewisf, H. L. Lurie, H. M. Lurie, Joseph Lurief, Joseph Rodnetsky*, M. Rodnetsky, M. I. Stepner, M. Wilkj. W. Lurie*, Meetings held at 250 Eustis Street (Roxbury District). BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Deposits subject to check Suspense Liabilities $4,854 00 230 12 .... . Expense less . 96 50 12 65 current income Shares $4,780 30 410 39 2 58 Guaranty fund Undivided earnings . $5,193 27 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee, 50 cents . . . . . . women; $1.00 for 39 30 107 53 . $5,193 27 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 . for men. . . . . 60 800 8% 6% ...... Total Expenses for Year Salaries Rent Other expenses . . . . . Total Rate of interest $218 00 91 00 103 10 $412 10 on loans, $4,854.00 at 8%. BOSTON — HAROLD CREDIT UNION Incorporated November 3, 1926. Began business November 1926 9, Max Jacob Schwartz, President Aaron Cohen, Clerk Board Dollin, Treasurer of Corporation William Berly*, Aaron Cohen, Max Davidsonf, Max Dollin, Nathan Goldsmith, Harry Nasonf, George Ober*, Jacob Schwartz, Louis Silinf, Hyman Stone*, Fishel Winecor. of Directors: Meetings held at 35 Intervale Street (Roxbury District). BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Liabilities $11,350 60 3,600 00 181 10 . Real estate loans Deposits subject to check $14,697 08 9 00 425 62 Shares Guaranty fund Current income . $15,131 70 $15,131 70 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee. 1926 64 33 Shares Largest number held by one member Number fully paid . $1 00 . . . 210 . 2,939 ...... Total Expenses for Year Salaries Other expenses . . . of interest on Credit Committee. loans, $3,600.00 at 6%; . $34 50 115 88 $150 38 Total Rate . $11,350.60 at 8%. t Auditing Committee. P.D. 8, Part IV. 21 BOSTON — HARRY RUBIN CREDIT UNION Incorporated October 22, 1926. Began business October 26, 1926 Adolph Lagoon, Treasurer Phillip Swartz, President Jacob Goldberg, Clerk Board of of Corporation David Cabittf, Jacob Goldberg, Max Goldfarbf, David Kahn*, Adolph Lagoon, Melnick*, Isidor Rosenthal*, Harry Rubin, Louis Sevellf, Louis Swartz*, Phillip Swartz. Directors: Hyman Meetings held at 193 Hanover Street. BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Liabilities Real estate loans Deposits subject to check $23,294 16 18 00 1,227 33 889 82 Shares $17,972 41 7,000 00 481 90 . Guaranty fund . Undivided earnings Current income Other liabilities 25 00 $25,454 31 $25,454 31 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 Shares Largest number held by one member Number fully paid 118 3 70 00 . . . . . ...... 201 4,362 Total Expenses for Year Rent Other expenses . . . . . of interest on loans, $7,000.00 at 6%; 210 40 $251 40 Total Rate $41 00 $14,378.13 at 8%; $3,594.28 at 12%. BOSTON — HAVELOCK CREDIT UNION Incorporated October 22, 1926. Began business October Samuel Shain, President 26, 1926 Samuel Solomon, Treasurer Gertrude Shienfeld, Clerk of Corporation Board of Directors: Reuben Fliegelmanf, Harry Hermanf, Hyman Levine*, Arthur Reinhartt, Morris Ruden*, Samuel Shain*, Gertrude Shienfeld, Samuel Shienfeld*, Harry Shore*, Samuel Solomon*, Philip Soloway*. Meetings held at 1169 Blue Hill Avenue (Dorchester District). BALANCE SHEET, DECEMBER .... Assets Personal loans Deposits subject to check . 31, 1926 . P.D. 22 Incorporated July 22, 1926. Charles J. 8, Part IV. HERALD-TRAVELER EMPLOYEES CREDIT UNION BOSTON Began business August 6, 1926 Joseph Campana, Treasurer Harvey, President Frances E. Ward, Clerk of Corporation Directors: W. F. Barber, Anna E. Bridges, Anthony Cabral, Joseph Campana, Frederick Charles*, Jacques Cone*, Catherine T. Connors, W. A. Goguen, L. F. Greene, C. J. Harvey, R. J. Hastie, Sarah J. Henderson*, J. R. Jacksonf, G. B. Kiley, D. J. Lynch, Cassie G. Ogden, G. S. Rossf, Gertrude Shapiro, G. F. Stewart, Frances E. Ward, Charles Willwerthf Board of Meetings held at 171 Tremont Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $8,698 00 1,253 86 Personal loans Deposits subject to check . $9,548 84 Shares Guaranty fund . Undivided earnings Current income $9,951 86 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 271 99 1926 25 cents Shares Largest number held by one member Number fullv paid Rate of dividend, Nov., 1926 Total Expenses for Year Salaries Other expenses Total Rate of interest on loans, $8,698.90 at . P.D. 8, 23 Part IV. BOSTON — HOMESTEAD CREDIT UNION Incorporated November 16, 1926. Samuel Prager, President Began business November 16, 1926 Hyman - Shopneck, Treasurer Eli Birch, Clerk of Corporation Board of Directors: B. Barkan*, Eli Birch, Israel Blonder, Joseph Brownf, L. Brown*, Samuel Graff, A. Greenbergf, M. Mottell, M. Pinkesten*, Joseph Prager*, Samuel Prager, M. Shapirof, Hyman Shopneck, Harry Uretsky, L. Yaffe. Meetings held at 646 Warren Street (Roxbury District) BALANCE SHEET, DECEMBER Assets 31, 1926 P.D. 24 8, Part IV. BOSTON — HUB CREDIT UNION Incorporated October 19, 1926. Benny Krupnick, Began business October 20, 1926 Louis Bazoll, Treasurer President Bernard Brass, Clerk of Corporation Board of Directors: L. Bazoll, L. Beberman*, B. Brass, M. Diamond, Hurowitz, B. Krupnick*, M. Starnfeldf, I. M. Feinmant, H. G. Foxf, Yelovitz. Meetings held at 92 Leverett Street. BALANCE SHEET, DECEMBER .... Assets Personal loans 31, 1926 Liabilities J. Galaid*, E. P.D. 8, 25 Part IV. BOSTON — INDEPENDENT ORDER SONS OF ITALY CREDIT UNION Incorporated December 3, 1923. Began business January 1, 1924 Letterio Quattrocchi, Treasurer Giuseppe Scionti, President Letterio Quattrocchi, Clerk of Corporation Carmelo Biondot, Antonio Carina*, Casimiro Cusimanof, Alfonso De Rosa*, Lettery George, Federico Perillo, Angelo Pollinif, Letterio Quattrocchi, Giuseppe Scionti, Angelo Scotti*, Michele Board of Directors: Storelli. Meetings held at 170 Hanover Street. BALANCE SHEET, DECEMBER .... Assets Personal loans Deposits subject to check . 31, 1926 P.D. 26 8, Part IV. BOSTON — INTERVALE CREDIT UNION Incorporated November 15, 1926. Began business November 15, David H. Grandberg, President M. Morris Board of Directors: S. 1926 J. Sidell, Treasurer Fine, Clerk of Corporation J. Finet, M. Foster*, M. Gold*, S. Goldenberg*, D. H. Grandberg-, L. Meislichf, S. Myers, C. Roberts*, M. Sidell. Backner, H. Ebbt, M. Meetings held at 318 Blue Hill Avenue (Roxbury BALANCE SHEET, DECEMBER .... Assets Personal loans Deposits subject to check . 31, District). 1926 P.D. 8, 27 Part IV. BOSTON — KAST CREDIT UNION Incorporated November Abraham 9, 1926. Began business November 11, 1926 Louis Bush, Treasurer B. Cohen, President Harry J. Payne, Clerk of Corporation Directors: Samuel Arvedon*, Louis Bush*, Herman Bennett, A. L. Bloomt, A. B. Cohen*, Joseph Cutler*, A. L. Davis, Samuel Dreayer, Philip Fishman*, William Frankel*, Samuel Levin*, Hyman Linn, Leo Meltzer, David Maisley, H. J. Payne, Harry Simonsf, Henry Woodf. Board of Meetings held at 104 Hanover Street. BALANCE SHEET, DECEMBER 31, Assets Liabilities $18,901 50 1,900 00 2,163 55 2,327 00 Personal loans Real estate loans Deposits subject to check . Cash on hand 192S . $24,508 00 784 05 Shares Current income $25,292 05 $25,292 05 Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 100 70 Shares Largest number held by one member Number fully paid . . 164 4,890 None Total Expeyises for Year $124 46 Miscellaneous expenses Rate of interest on loans, $1,900 at 6%; $12,751.50 at 8%; $6,150 at 12%. BOSTON — KINGSDALE CREDIT UNION Incorporated December Abraham 13, 1926. Began business December 13, 1926 Michael B. Drobnis, Treasurer Tilkin, President Philip Sheiber, Clerk of Corporation of Directors: Joseph Bell, H. H. Carmall, M. B. Drobnis, Max Feingold, L. M. Kaplan, A. F. Katz*, Philip Sheiber, William Shaknovf, K. H. Slypackf, Victor Shulman*, H. Magazinef, A. Tilkin, Hyman Board Young*. Meetings held at Talbot Avenue (Dorchester District). BALANCE SHEET, DECEMBER Assets Personal loans Deposits subject to check . Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 31, 1926 28 P.D. 8, Part IV. BOSTON — KING SOLOMON CREDIT UNION Incorporated December 17, 1926. Began business December Joseph Kline, President 27, 1926. Louis Wein, Treasurer David E. Berman, Clerk of Corporation Board of Directors: Harry Adelsteinf, D. E. Berman, Bernard Bleadon*, Frederick Elashoff, Symond Golub*, Julius Grood*, Max Hurwitz*, Joseph Kline, E. H. Rosent, Louis Wein*, Max ZaslowtMeetings held at 324 Harrison Avenue. BALANCE SHEET, DECEMBER Assets Deposits subject to check . Membership of members, Dec. 31, 1926 of entrance fee 1926 Liabilities S1S7 20 $187 20 Number Amount 31, 28 $1 00 . P.D. 8, Part IV. 29 BOSTON — LIBERTY CREDIT UNION Incorporated September 29, 1926. Began business October 1926 4, Robert A. Redlich, Treasurer Isaac Feldman, President S. Kadets, Clerk of Corporation M. of Directors: I. Feldman, M. Fine*, sky, M. Lenkoff, M. D. Michelsonf, Wiestrick*, M. Yaffe. Board I. Goldf, D. H. Grandberg*, A. Hershowitzf, S. Kadets, P. KaminE. Paretsky*, R. A. Redlich, N. Scolnick*, M. T. Sharaf, H. H. Meetings held at 318 Blue Hill Avenue (Roxbury District). BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $23,018 00 1,533 46 184 25 Personal loans Deposits subject to check Furniture and fixtures . $23,399 50 67 00 1,269 21 Shares Guaranty fund Current income . $24,735 71 $24,735 71 Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 305 103 Shares Largest number held by one member Number fully paid . . . . 129 . 4,579 $1 00 Total Expenses for Year Salaries Rent .... Other expenses $137 50 70 00 S4 57 . Total Rate of interest on loans, $21,968.00 at 8%; $292 07 $1,050.00 at 10%. BOSTON — LORD BEACONSFIELD CREDIT UNION November Incorporated Max 12, 1913. Began business November 19, 1913 Green, President Louis Band, Treasurer A. S. Goldberg, Clerk of Corporation Board of Directors: M. Alpert, L. Band, J. J. Bandf, H. Chafetz, J. Chafetz*, J. Rutsky*, L. Shulmant- I. Eskin*, M. Green, A. Prevesf, Meetings held at 32 Central Square (East Boston District) BALANCE SHEET, DECEMBER Assets Personal loans Deposits subject to check Furniture and fixtures 31, 1926 Liabilities . . . $16,638 00 7,850 56 75 00 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee, adults $1.00 . minors 50 cents. Deposits Number Rate of of depositors interest paid during year Interest payable May 1, Rate Nov. 1. of interest on loans, $15,338 at 7%; $300 at 8%; $1,000 at 9%. S. Goldberg, 30 P.D. BOSTON — MARKETMEN'S Incorporated November Samuel R. 12, 1926. of Directors: Max Hazen*, Part IV. CREDIT UNION Began business November Silk, President 27, 1926 Simon Albertson, Treasurer Samuel Board 8, Siegel, Clerk of Corporation Simon Albertson, Pascal Cohen, David Dennenbergt, Louis Ginsberg*, George Goldmanf, Louis Hurvitz*, Jacob Leve, Abraham Siegel, Samuel Siegel, S. R. Silk, Aaron Tarrj". Meetings held at 148 State Street. BALANCE SHEET, DECEMBER Assets Personal loans Deposits subject to check . Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 31, 1926 P.D. 8, Part IV. 31 BOSTON — MASSACHUSETTS CREDIT UNION Incorporated October 11, 1926. Began business October H. Goldfarb, President 1926 D. Kann, Treasurer S. Board 19, Suskin, Clerk of Corporation H. Blumf, S. Bornsteinf, H. Burkint, S. Burkin, J. Chernenko, H. Goldfarb, D. Kann, Karesky*, B. Nathenson, I. Santis, I. Sax, S. Suskin, S. Swartz*, I. Temkin*, M. Zaslow. of Directors: Meetings held at 13 Florence Street. BALANCE SHEET, DECEMBER Assets 31, 1926 M. P.D. 32 BOSTON — MATTAPAN Incorporated November 12, 1926. L. 8, Part IV. CREDIT UNION Began business November 16, 1926 H. Abelson, Treasurer Rotman, President N. W. Goldman, Clerk of Corporation Board of Directors: H. Abelson, L. Budd, H. Castilinef, M. Fish*, N. W. Goldmanf, L. Rotman*, C. Zabotky, J. Zolorf, M. Zusman. Meetings held at 222 Woodrow Avenue (Mattapan BALANCE SHEET, DECEMBER Assets 31, District). 1926 S. Levenson, S. Rosen*, P.D. 8, Part IV. 33 BOSTON — MOHLIVER Incorporated October 18, 1926. CREDIT UNION Began business October 21, Hyman Rubin Handle, President David Feinberg, Clerk Board 1926 Ginsberg, Treasurer of Corporation D. Bowman, David Feinberg*, George Fleigelmanf, Hyman Ginsberg*, Rubin Handle*, D. Hurowitz, D. Krigman, Isaac Krigman, Sam Patt, H. Sandlerf, Hyman Sirotaf. of Directors: Meetings held at 31 Lome Street (Dorchester District). BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Liabilities $7,673 00 175 00 493 38 . Real estate loans Deposits subject to check Shares $8,106 00 Guaranty fund Current income 44 00 . 191 38 $8,341 38 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 62 40 00 $8,341 38 Shares Largest number held by one member Number fully paid . 54 1,537 . Total Expenses for Year Salaries Rent .... Other expenses $85 00 25 00 115 35 . Total Rate of interest on loans, $175.00 at 6%; $225 35 $7,673.00 at 8%. BOSTON — MORTON CREDIT UNION Incorporated December 21, 1926. Began business December 21, 1926 Morris H. Jacobs, Treasurer Israel Kolikof, President R. Taitz, Clerk of Corporation Board of Directors: I. M. Fishman, A. N. Gordon*, M. H. Jacobs*, Paynef, H. Pinkney, A. Seletzky, R. Taitz. Bookbinder)-, R. Finnf, Lomes, H. J. Meetings held at 31 Havelock Street (Dorchester District). BALANCE SHEET, DECEMBER Assets 31, 1926 I. Kolikof*, H. P.D. 8, Part IV. BOSTON — MOUNT BOWDOIN CREDIT UNION Incorporated May 23, 1921. Began business May 25, 1921 Joseph M. Wartow, President Samuel Craft, Treasurer Arthur Seserman, Clerk of Corporation Max Berkovitz, B. H. Cohen, M. A. Cohenf, Samuel Craft*, Samuel Greenblattf, Solomon Henry Katler*, M. L. Marcus*, Samuel Maysles, Carl Petersf, Arthur Seserman, Webber*, Simon Weinstein. M. Wartow*, Henry Board of Directors: Hertzel, Philip Kadish, J. Meetings held at 6 Erie Street (Dorchester District). BALANCE SHEET, DECEMBER .... Assets Personal loans 31, 1926 Liabilities P.D. 8, 35 Part IV. BOSTON — PROGRESS CREDIT UNION Incorporated December 16, 1926. Began business December 17, 1926 Louis Rosenbaum, Treasurer Joseph Poley, President David Altman, Clerk of Corporation Board of Directors: David Altman, Philip Glassman, Jacob Goldstein*, Joseph Jacobsf, Samuel Korchint, Lazer Kushavsky, Louis Kushavsky*, Abraham Markellf, Joseph Poley, Louis Rosenbaum, Meyer Shore*, Joseph Zola, Myer Zola. Meetings held at 62 Poplar Street. BALANCE SHEET, DECEMBER 1926 31, Liabilities Assets $1,816 00 315 10 37 54 Personal loans Deposits subject to check Other assets . Shares Guaranty fund Current income . $2,168 64 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 44 1926 8 50 cents Scores Largest number held by one member Number fully paid Total Expenses for Year Salaries Rent Other expenses Total Rate of interest on loans, $1,816.00 at 8%. $2,103 91 2 50 62 23 P.D. 36 8, Part IV. BOSTON — ROXBURY INDEPENDENT CREDIT UNION Incorporated October Abram 5, 1926. Began business October 11, 1926 David Bennett, Treasurer Schwartz, President David Bennett, , Clerk of Corporation S. Borofff, H. Browerf, C. H. Freedmant, S. Ginsberg. Rubin*, A. Sandler, A. Schwartz, B. Shulman, B. Swartz*. Board of Directors: D. Bennett, S. Rosnov*, M. Meetings held at 318 Blue Hill Avenue (Roxbury District). BALANCE SHEET, DECEMBER 1926 31, Liabilities $4,285 40 574 16 Personal loans Deposits subject to check . $4,748 68 Shares Guaranty fund Current income . $4,859 56 Membership 73 35 Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee Shares Largest number held by one member Number fully paid 00 Total Expenses for Year Salaries Rent Other expenses Total Rate of interest on loans, $4,285.40 at 10%. P.D. 8, Part IV. 37 BOSTON — SHAWMUT Incorporated March 16, 1914. CREDIT UNION Began business April 7, 1914 A. Ralph Vaccaro, Treasurer Robert A. LaCentra, President Louis J. Parker, Clerk of Corporation Board of Directors: Mary G. Alvinot, Louis Barrassot, Bertha Cohen*, Max Cohen, Irving Kreetsburg, R. A. LaCentra, Harry Mandelstam*, L. J. Parker, S. W. Stewartf. Morris Stolow*, A. R. Vaccaro. Meetings held at 196 Hanover Street. BALANCE SHEET, DECEMBER Assets Personal loans .... .... .... Real estate loans Deposits in savings banks Deposits subject to check Cash on hand Other assets Furniture and fixtures Expense and interest paid . . less incom 31, 1926 P.D. 38 8, Part IV. BOSTON — SISTERHOOD CREDIT UNION Incorporated November 9, 1926. Began business November 15, 1926 Esther Schneider, Treasurer Rose Winer, President Ida Schneiderman, Clerk of Corporation Board of Etta Goldsteinf, Anna Levine*, Esther Schneider, Ida Schneiderman, Anna Shapirof, Bessie Shapiro*, Sarah Simons*, Ethel Somersett, Anna Wine, Lillian Wine, Rose Winer. Directors: Meetings held at 201 Woodrow Avenue (Dorchester District). BALANCE SHEET, DECEMBER Assets Personal loans Deposits subject to check . . Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 31, 1926 P.D. 8, Part IV. 39 BOSTON — SOLIDARITY CREDIT UNION Incorporated November 19, 1926. Began business November 22, 1926 Hyman Joseph Binder, President Benjamin Golden, Clerk Silverstein, Treasurer of Corporation Board of Directors: Israel Bechmanf, Harry Binder, Joseph Binder*, Benjamin Black, Charles Burke, Benjamin Golden*, Harry Golden, Hyman Koshek*, Samuel Lofchiet, Max Rosenbergt, Hyman Silverstein. Meetings held at 45 Poplar Street. BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Deposits subject to check Other assets . Liabilities $3,906 00 4,461 84 9,041 50 $17,409 34 Membership Shares Guaranty fund Current income $17,251 10 . 2 00 156 24 $17,409 34 P.D. 40 8, Part IV. BOSTON — STAR CREDIT UNION Incorporated October 22, 1926. Began business November 3, 1926 David D. Goodman, Treasurer Jacob M. Freeman, President Joseph Mirapaul, Clerk of Corporation Board of Directors: Morrie Aaronst, Abraham Bell, Harry Cohenf, Benjamin Factorf, J. M. Freeman*, D. D. Goodman*, Benjamin Isenberg, Isidor Lisofsky, Joseph Mirapaul, Sam Rubin, H. S. Titelbaum*. Meetings held at 286 Blue Hill Avenue (Roxbury BALANCE SHEET, DECEMBER .... Assets Personal loans Deposits subject to check . 31, District). 1926 P.D. 8, Part IV. 41 BOSTON — STEPIN CREDIT UNION Incorporated October 1926. 1, Began business October Rae Bloomberg, Directors: E. Morse, Hyman 1926 Hyman Mendel Morse, President Board of 16, Max Cohen, Hyman Hyman Silverstein, Max Adleman, Rae Bloombergt, Rosenfield, Sam Shaffer"!", Silverstein, Treasurer Clerk of Corporation Forman*, Samuel Formanf, Mendel Sobollman*, Charles Temkin*. Meetings held at 45 Poplar Street. BALANCE SHEET, DECEMBER 31, 1926 Assets Personal loans Deposits subject to check Liabilities $1,146 00 173 25 . . Shares * $1,296 25 10 00 13 00 . Guaranty fund Current income . $1,319 25 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 76 13 $1,319 25 Shares Largest number held by one member Number fully paid . . $1 00 ...... ...... 20 255 Total Expenses for Year Rent Rate of interest Other expenses S10 00 41 68 Total $51 68 on loans, $1,146.00 at 8%. BOSTON — SUFFOLK CREDIT UNION Incorporated November 29, 1926. Abe Barsky, Began December business, President 6, 1926 Morris Slotnick, Treasurer A. Kellem, Clerk of Corporation Board of Directors: Jacob Backer*, J. R. Barkanf, Eli Barron*, Louis Barron*, Abe Barsky, Louis Barskyf, Myer Dobrof, A. Kellem, M. Slotnick, Joseph Weinberg*, B. Weiner. Meetings held at 374 Harrison Avenue. BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Deposits subject to check Liabilities $1,094 00 754 59 . . Shares Guaranty fund Current income $1,815 00 5 00 28 59 . $1,848 59 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 33 12 $1,848 59 Shares Largest number held by one member Number fully paid . 343 . $1 00 ...... Total Expenses for Year Rent Other expenses . . . Total Rate of interest * Credit Committee. . $4 00 18 20 $22 20 on loans, $1,094.00 at 8%. t Auditing . Committee. 42 P.D. BOSTON 8, Part IV. TELEPHONE WORKERS' CREDIT UNION Incorporated March 3, 1917. Began business March 24, 1917 Charles F. Donahoe, President Ned Edward C. Loud, Treasurer L. Shanney, Clerk of Corporation Board of Directors: Ellen M. Bransfield, W. L. Broder, G. A. Bussey, H. B. Crawford, Chester Crispin! C. F. Donahoe, R. Eastmanf, F. D. Field*, C. W. Gradf, H. H. Hayman, Mary Hickey, E. P. Histen*, Joseph Keating, R. P. Keegan, N. C. Loud, C. E. Lovejoy, Cyrilda A. Mariner, W. N. Schaetzl*, E. L. Shanney, J. A. Tierney, H. F. Whittier. Meetings held at 119 Milk Street. , BALANCE SHEET, DECEMBER Asse 31, 1926 P.D. 8, 43 Part IV. BOSTON — TRADERS' CREDIT UNION Incorporated July 11, 1914. Charles W. Began business October 7, 1914 Helen C. Bevins, Treasurer Birtwell, President Helen C. Bevins, Clerk of Corporation Board of Directors: P. Bucek*, W. W. Ayres, William Bailie*, Helen C. Bevins, C. W. Birtwell*, L. H. Bonelli, A. Dyerf, Oscar Lindegren, H. C. Parsonsf, C. C. Ramsay, J. L. Richardsf. Jr., C. H. Meetings held at 18 Tremont Street. BALANCE SHEET, DECEMBER 1926 31, Liabilities Assets Personal loans Real estate loans .... Deposits subject to check Cash on hand Furniture and fixtures $25,398 55 . . . 1,554 00 1,887 18 . . . 412 24 829 07 $30,081 04 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . . . . . '53 94 425 205 none . . . . . ... Deposits Number Rate of depositors of interest paid during year Interest payable Feb. 1, May 1, Aug. 63 6% . 1, Nov. 1. Shares Deposits . Guaranty fund . Undivided earning $15,095 08 12,666 79 2,147 31 171 86 P.D. 44 8, Part IV. BOSTON — UNION WORKERS' CREDIT UNION Incorporated April Thomas 4, 1921. Began business April 20, 1921 Harry F. Hennessey, President Mary L. Haskell, Treasurer A. Taylor, Clerk of Corporation J. Byrne*, J. W. Collinst, F. P. Fenton, James Faulknerf, H. L. Haskell, T. F. Hennessey, Daniel Leary, M. J. Monahanf, Patrick Madden*, C. S. Parnell, Mary A. Taylor, Bernard Tamberg, Henry Wise*, (one vacancy). Board of Directors: T. C. Brodigan, M. Meetings held at 80 Boylston Street. BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Liabilities $4,585 93 . 380 768 570 84 Real estate loans Deposits in savings banks Deposits subject to check Furniture and fixtures . 00 98 83 50 Shares Deposits $4,562 83 923 01 388 50 86 04 196 23 50 92 182 71 . Guaranty fund . Reserve fund Undivided earnings Current income Other liabilities $6,390 24 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 46 16 187 75 . $6,390 24 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 ...... ...... Total Expenses for Year Deposits 19 of depositors of interest paid during year 5% Salaries Rent Other expenses Interest payable May 1, Nov. 8% 8% 50 cents Number Rate 118 869 . $110 00 70 00 129 50 1. Total Rate of interest $309 50 on loans, $4,965.93 at 8%. BOSTON — UNITY CLUB CREDIT UNION Incorporated August 30, 1926. Began business August 30, Waldemar H. Groop, Board S. Clerk of Corporation D. Cunningham, R. P. Gallagherf, W. H. Groop, J. D. Hunter*, F. W. Knight, R. F. K. Paigef, E. W. Power, C. E. Roberts, J. S. Royal*, Catherine R. Walley, Marion C. Webster*. of Directors: Ordet, 1926 Waldemar H. Groop, Treasurer John D. Cunningham, President J. Meetings held at 40 Broad Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $1,000 64 100 00 369 80 Personal loans Deposits in savings banks Deposits subject to check . Shares Deposits Other $1,303 50 120 00 9 90 35 74 . Guaranty fund Current income . liabilities 1 $1,470 44 Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 96 . ... ... . 16 10 cents . Shares Largest number held by one member Number fully paid of depositors Interest payable Feb. 1, May 1, Aug. 1, 20 Nov. Advertising Other expenses . . . . . . . . . . Rate of interest Committee. $21 75 5 00 1. Total * Credit 22 231 Total Expenses for Year Deposits Number 30 $1,470 44 $26 75 on loans, $1,000.64 at t Auditing Committee. P.D. 8, 45 Part IV. BOSTON — VICTORY CREDIT UNION Incorporated December Began business December 7, 1926. 13, 1926 Abraham Morris Smokier, President Levitch, Treasurer Jacob Brown, Clerk of Corporation Board of Directors: B. Becker, M. Beckerf, M. J. Brown, L. Fine, L. Greene*, A. Levitcht, M. Olsenf, H. Siegal*, Silverman*, M. Smokier*, M. Tristman*. Meetings held at 1 Genesee Street. BALANCE SHEET, DECEMBER 31, 1926 Assets Personal loans Deposits subject to check Liabilities $3,282 83 29 66 25 20 . Expense less income . . Shares $3,330 69 Guaranty fund 7 00 $3,337 69 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 40 1926 24 $1 00 $3,337 69 Shares Largest number held by one member Number fully paid . . 80 620 Total Expenses for Year $4 00 52 05 Salaries Other expenses Total Rate of interest $56 05 on loans, $3,282.83 at 8%. BOSTON — VOLINER HEBREW CREDIT UNION Incorporated October 6, 1926. Began business October Barnet Shatz, President 11, 1926 Joe Berman, Treasurer Isaac Sax, Clerk of Corporation Board of Directors: Joe Berman, Nathan Dobro*, Samuel Dobrof. Philip Grushka, J. S. Kurtzerf, Barney Max Rosenberg, Isaac Sax, Barnet Shatz, Sam Siegelf, Jacob Slovet*. Oxman*, Meetings held at 13 Florence Street. BALANCE SHEET, DECEMBER Assets Personal loans Deposits subject to check . Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 31, 1926 46 P.D. BOSTON — WALWORTH Incorporated January Raymond 4, 1921. 8, Part IV. CREDIT UNION Began business January E. Henchey, President 6, 1921 Frederick O. Watt, Treasurer Frederick O. Watt, Clerk of Corporation Board of Directors: A. O. Brungardt, R. K. Buxton, R. B. Currier*, John David, C. F. Fellows*, Ralph Hemenwayt, R. E. Henchev, J. J. Kenney, W. P. Murphy, D. F. O'Connor, V. J. Plansky*, W. A. Podolski, J. A. Rickerf, C. G. Stickneyf, A. G. Tessier, F. O. Watt, A. F. Wright, Jeanette Wyeski. Meetings held at 800 First Street (South Boston BALANCE SHEET, DECEMBER Assets 31, District). 1926 P.D. 8, 47 Part IV. BOSTON — WASHINGTON Incorporated October 15, 1926. CREDIT UNION Began business October 15, 1926 Joseph Bikofsky, Treasurer Jacob Bloom, President Joseph Bikofsky, Clerk of Corporation Board of Directors: Abe Bikofskyf, Joseph Bikofsky, Jacob Bloomf, M. Bryer*, A. Freeman, S. Hurwitz, Jack Lebersonf, H. Miller, B. Myers, Eli Peskin*. Meetings held at Woodrow Avenue (Dorchester District). BALANCE SHEET, DECEMBER Assets 31, 1926 Sam Freeman*, 48 P.D. 8, Part IV. BOSTON — WELLINGTON CREDIT UNION Incorporated October 23, 1926. Harry Began business November 1, 1926 Aaron Kagan, Treasurer Silverstein, President William Smith, Clerk of Corporation Board of Directors: A. Kagan, Solomon Kramerf, A. Kravitz, M. Rothenbergt, Harry Rotman*, Nelson Rotmanf, H. Silverstein*, A. Shubow, Paul Smith, William Smith, Benjamin Weisman*. Meetings held at 31 Wellington Hill (Mattapan BALANCE SHEET, DECEMBER Assets Personal loans Deposits subject to check . Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 31, District). 1926 . P.D. 8, 49 Part IV. BOSTON — WHITSON CREDIT UNION Incorporated March 5, 1915. Began business March 20, 1915 Harry W. Davis, Treasurer James H. Dunn, President Harry W. Davis, Clerk of Corporation Directors: Lucetta Abbottf, A. B. Chapin, H. W. Davis, J. H. Dunn, Martha S. Gallagher, P. J. Haverty*. A. E. Richardson*, Caroline E. Rhodes, Mary E. Walshf, Charlotte A. Wentzelf, A. B. Board of Wis well*. Meetings held at 570 Rutherford Avenue. BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Liabilities 84,304 55 18,422 50 1,263 93 5 00 . Real estate loans Deposits subject to check Other assets Shares Deposits $8,947 13,411 1,172 140 . Guaranty fund . Reserve fund Undivided earnings Current income Membership . . . . 43 23 147 55 . ... ... . . Number of depositors of interest paid during year Interest payable Feb. 1, May 1, 19 61 $23,995 98 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 54 1,753 4% 6% 50 cents Deposits Rate 99 93 61 230 57 $23,995 98 Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 01 46 Total Expenses for Year Miscellaneous expenses $58 09 4J^% . Nov. Aug. 1, Rate of interest 1. on 6%. loans, S22.727.05 at BOSTON — WOODROW CREDIT UNION Began business November Incorporated October 13, 1926. 1, 1926 Kalman Joseph B. Shanis, President A. Kaplan, Treasurer Philip Sheiber, Clerk of Corporation Board of Directors: H. H. Carmellf. Frederick Chariest, J. P. Ernest*, Morris Feingold*, Louis Feinsteinf, K. A. Kaplan, Louis Kaplan, Max Kline*, Harry Lukotch, J. B. Shanis, Philip Sheiber. Meetings held at 447 Norfolk Street (Dorchester District) BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities Personal loans Deposits subject to check $7,036 00 371 65 . Shares Deposits ,972 00 85 50 28 75 321 40 . Guaranty fund Current income . $7,407 65 $7,407 65 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee Shares 1926 74 22 $1 25 Largest Number number held by one member fully Total Expenses for Year of depositors Interest payable Feb. 32 1, May 1,394 ...... Deposits Number Rent Other expenses 1, Aug. 1, Nov. . . . Rate of interest Committee. . . $12 00 29 89 1. Total * Credit 200 paid on loans, $7,036.00 at $41 89 6%. t Auditing Committee. 50 P.D. 8, Part IV. BOSTON — WORKMEN'S CIRCLE CREDIT UNION Incorporated October 23, 1926. Began business November Charles Lubot, President 2, 1926 Emanuel Bravman, Treasurer David Katz, Clerk of Corporation Board of Directors: Myer Birnbaum*, Emanuel Bravman, Abraham Freeman, Abe Glickstein*, Abram Hermant, Samuel Jackson*, David Katz, Charles Lubot, Louis Sganf, Samuel Starr, L. P. Yaffef. Meetings held at 42 Wenonah Street (Roxbury BALANCE SHEET, DECEMBER District). 1926 31, Assets Liabilities Personal loans Deposits subject to check Furniture and fixtures $1,905 00 . 376 45 38 75 Shares Deposits Other $2,097 59 66 92 5 . Guaranty fund Current income . liabilities $2,320 20 Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 66 18 $2,320 20 Shares Largest number held by one member Number fully paid May ...... Total Expenses for Year of depositors Interest payable 1 Salaries Other expenses 1, Nov. 42 40S $1 00 Deposits Number 50 00 00 05 65 . $12 00 31 73 1. Total Rate of interest $43 73 on loans, $1,905.00 at 8%. BOSTON — ZASLAV VOLIN CREDIT UNION Incorporated October 26, 1926. Began business October Samuel Oxman, President 26, 1926 Jacob Shapiro, Treasurer Samuel Fagelman, Clerk of Corporation Board of Directors: Philip Barenholtz, David Drootin, Samuel Fagelman, Abraham Fleitman*, Joseph Grosser*, Nathan Kniznickt, I. J. Mostowt, Samuel Oxman, Jack Reed, Hyman Rissman, Pinkos Rissman, Jacob Shapiro, Max Shapirot, Henry Silverman*, Sam Steinberg. Meetings held at 28 North Russell Street. BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans . Real estate loans Deposits subject to check Liabilities $17,097 00 13,672 47 10,016 23 Shares . Guaranty fund Current income Other . liabilities $40,785 70 Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 245 136 1 Shares Largest number held by one member Number fully paid 00 Total Expenses for Year Salaries Rent Advertising Other expenses Total $40,262 P.D. 51 Part IV. 8, BROCKTON — BROCKTON CREDIT UNION Incorporated David S. March 27, 1917. Began business March 31, 1917 Daniel Brodeur, President S. Tarlow, Treasurer Louis Lulow, Clerk of Corporation of Directors: Alphonse Allaire, D. S. Brodeur, Fred Counter*, Hueo DiSalle*, Charles Feldmant, Herbert Garner*, A. A. Goldingf, Leonard Gustafson*, Eugene Lamothe*, Edward Lanoue, Louis Lulow, Daniel Mahoney, Charles Mullinsf, J. J. O'Brien*, Joseph Ott, Dennis Reagan, Abraham Rusacow, Bernard Smith, Samuel Stone, D. S. Tarlow, William Weston. Board Meetings held at 70 Legion Parkway. BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Liabilities $116,397 47 13,928 00 5,868 68 2,334 95 2,234 08 376 61 1,625 84 . Real estate Deposits in savings banks Deposits subject to check Cash on hand Other assets Furniture and fixtures Shares Deposits $97,917 30,669 7,065 3,517 2,499 . Guaranty fund . Reserve fund Undivided earnings Current income 1,096 54 $142,765 63 $142,765 63 Membership Shares Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . . . . 375 92 . 1,432 ... . . . . 664 50 cents Largest number held by one member Number Rate . 1, May 1, 306 5J^% . Aug. 1, Nov. Rent Advertising Other expenses 1. interest on loans, $88,114.32 at 6J^%; $3,897.11 at 00 00 $2,850 841 12 1,413 Salaries . 19 89 $5,117 08 Total Rate of GV2 % Total Expenses for Year of depositors of interest paid during year Interest payable Feb. 532 19,583 paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 fully Deposits Number 52 63 40 47 07 7%; $24,386.04 at 814%; $13,928.00 at 9%. BROCKTON — BROCKTON GAS LIGHT EMPLOYEES CREDIT UNION Incorporated October 13, 1926. Began business November 1, 1926 Earle W. Cottle, Treasurer A. Leon Curtis, President Earle W. Cottle, Clerk of Corporation Board of Directors: D. P. Bailey, O. A. Carroll, W. B. Caswell*, Ernest Corcoran, E. W. Cottle, A. L. Curtis, A. D. Daniels, L. E. Howardf, J. P. Kavanaugh, A. L. Millette, Edna L. Mooneyt, W. P. Morton*, R. H. Sheldon, Addie L. Spraguet, F. M. Sullivan*. Meetings held at 54 Main Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $652 00 66 73 Personal loans Deposits subject to check . Shares Deposits $674 50 8 00 20 03 16 20 . Guaranty fund Current income . $718 73 $718 73 Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 65 9 25 cents Total Expenses for Year Miscellaneous expenses Deposits Number of depositors Interest payable Feb. 1, May Shares Largest number held by one member Number fully paid 1, Aug. 1, Rate Nov. 1. of interest *Credit Committee. on loans, $652.00 at 6% t Auditing Committee. 17 111 $18 10 P.D. 52 8, Part IV. BROCKTON — BROCKTON INDEPENDENT WORKMEN'S CIRCLE CREDIT UNION Incorporated December 22, 1926. Began business December 1926 22, Abijah Louis Myers, President George J. I. Task, Treasurer Rosenthal, Clerk of Corporation Board of Directors: Morris Barger*, Samuel Blumberg*, Harry Brown, Hyman Goldstein*, Louis Myers, G. J. Rosenthal, Morris Rubinf, Max Sorgman, A. I. Task, A. Vigdorowitzf, A. Ziskindf. Meetings held at 56 Bay Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $3,260 86 832 09 SO 00 Personal loans Deposits subject to check Furniture and fixtures . $3,311 10 Shares Guaranty fund Current income Other 1 00 114 38 746 47 . liabilities $4,172 95 $4,172 95 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 . . . ... 77 49 Shares Largest number held by one member Number fully paid . . . . 118 644 . $48 00 10 00 10 70 . 50 cents Total Expenses for Year Salaries . Advertising Other expenses . . . . . $68 70 Total Rate of interest on loans, $3,260.86 at 6%. BROCKTON — BROCKTON POSTAL EMPLOYEES CREDIT UNION Incorporated January Began business January 5, 1923. J. Barry, Clerk of Corporation 17, 1923 Thomas Lawrence T. Briggs, President Thomas J. Barry, Treasurer Directors: G. A. Barry, T. J. Barry, L. T. Briggs, L. M. Bates*, J. M. Cameron*, R. J. Crowleyt, T. F. Gilmore, E. N. Godbout, T. A. Grant, G. W. Harrub, B. F. Hartford, J. J. Murphy, R. W. Rob- Board of insonf, John Rooney*, Fred WiUiamsf. Meetings held at 43 Crescent Street. BALANCE SHEET, DECEMBER .... .... Assets Personal loans Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand . . . 31, 192G Liabilities P.D. 8, 53 Part IV. BROCKTON — CRESCENT Incorporated June 18, 1919. CREDIT UNION Began business July 1, 1919 Harry Tarlow, Treasurer Benjamin Richman, President Roland Tuck, Clerk of Corporation Board of Directors: Hyman Carl, Joseph Cohen, Benjamin Miller*, Manuel Miller, Maurice Raider, J. A. Rankinf, Benjamin Richman, Aaron Rosen, Harry Saltman, Henry Shacter*, A. K. Shimelovichf, Joseph Simonf, Harry Tarlow, Roland Tuck, A. B. YafTe*. Meetings held at 189 Crescent Street. BALANCE SHEET, DECEMBER 1926 31, Liabilities Assets Personal loans $110,161 18,438 8,087 1,396 1,696 . Real estate loans Deposits in savings banks Deposits subject to check Cash on hand Furniture and 82 00 Shares Deposits 61 Guaranty fund 96 63 $78,797 48,249 9,321 3,077 . . Undivided earnings Current income $140,843 92 $140,843 92 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 237 175 . 1,080 474 25 cents Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 534 15,749 7% 7% Total Expenses for Year Deposits Number Salaries Rate Rent of depositors of interest paid during year $2,228 00 1,001 36 1,221 82 Other expenses 1, July 1. $4,451 18 Total Rate 19 12 33 1,398 62 1,062 90 fixtures Interest payable Jan. 66 of interest on loans, $94,344.92 at 6%; $31,907.90 at 8%; $2,347.00 at 9%. CAMBRIDGE — BLAKE-KNOWLES CREDIT UNION Incorporated December 13, 1920. Alonzo M. Began business December Everett, President John W. Webber, Clerk Board of Directors: J. 1920 of Corporation P. Callahan*, J. M. Daly, A. F. Dolef, A. M. Everett, G. L. Sullivan, J. J. Walsh*, J. W. Webber, W. J. Williamst. M. Bowen*, T. Murphy, 17, Garrett L. Sullivan, Treasurer Meetings held at 265 Third Street. BALANCE SHEET, DECEMBER Assets 31, 1926 J. B. Kleint, F. T. P.D. 54 8, Part IV. CAMBRIDGE — BROADWAY CREDIT UNION Incorporated October Simon A. Aronson, 16, 1926. Began business November 3, 1926 Morris Zax, Treasurer President Oscar Zax, Clerk of Corporation Board of Directors: S. A. Aronson*, M. Bobrick, Israel Feinsteinf, Philip Kyett, L. M. Rosenberg, M. S. Shapiro*, Abraham Shusterf, Gans, Ezidore Kredentserf, Morris Morris Zax*, Oscar Zax. Meetings held at 10 Tremont Street. BALANCE SHEET, DECEMBER Assets Personal loans Deposits subject to check . . 31, 1926 P.D. 8, 55 Part IV. CAMBRIDGE — CENTRAL Incorporated April 27, 1921. Anna Frim, 1, 1921 Clara President Clara Board CREDIT UNION Began business November M. Tubman, M. Tubman, Treasurer Clerk of Corporation of Directors: Ida Bennett, Celia Brother*, Anna Frim, Tilly Kramerf, Nellie vitz*, Rose Robert, Frances Rubinf, Suzan Sternberg, Clara M. Tubman, Mannosf, Tilly Rabino- Mae Zarling*. Meetings held at 12 Howard Street. BALANCE SHEET, DECEMBER 31, 1926 Assets Liabilities $4,386 50 236 32 Personal loans Deposits subject to check . Shares Guaranty fund . Undivided earnings Current income $4,622 82 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . $4,274 81 220 57 55 20 72 24 $4,622 82 56 P.D. CAMBRIDGE — ELM Incorporated November 5, 1926. 8, Part IV. CREDIT UNION Began business November 11, 1926 Harry Gorberg, Treasurer Peter Piltch, President Minnie A. Wantman, Clerk of Corporation Board of Directors: Morris Douglas*, Abraham Fooksf, Harry Gorberg, Samuel Gorstein*, Hyman Karessf, Nathan Kooeher, Peter Piltch, Benjamin Rotmanf, Jacob Rubin*, Israel Wantman, Minnie A. Wantman. Meetings held at 178 Elm Street. BALANCE SHEET, DECEMBER 192G 31, Assets Liabilities Personal loans $2,758 00 4 15 Cash on hand Shares Deposits $2,507 88 200 00 38 00 16 27 . Guaranty fund Current income . $2,762 15 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 81 26 $2 00 $2,762 15 Shares Largest number held by one member Number fully paid Deposits Number Total Expenses for Year Rent of depositors Interest payable May . Other expenses Nov. 1, 31 481 . . . . . . . . . . $8 00 124 23 1. Total Rate of interest on $132 23 loans, $2,758.00 at 8%. CAMBRIDGE — PROSPECT CREDIT UNION Incorporated February 14, 1921. Began business February Charles A. Gates, President 26, 1921 Denis F. Mockler, Treasurer Zelda Lions, Clerk of Corporation Board of Directors: Josephine Anzalone, C. E. Barr, Joseph Celi*. Albert Evans*, C. A. Gates, David Lezberg, Zelda Lions, George McCoubrey, Hugh McGuinness, D. F. Mockler, Mary Parsons*, Robert Raiblef, T. H. Raymondf, John Rogersf, Edward Sennott. Meetings held at 760 Massachusetts Avenue. BALANCE SHEET, DECEMBER Assets Personal loans Deposits subject to check . . . fixtures Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . Deposits Number Rate of depositors of interest paid during year Interest payable Feb. 1, May 1926 Liabilities . Cash on hand Furniture and 31, 1, Aua $16,404 86 P.D. 8, 57 Part IV. CAMBRIDGE — SOMERVILLE CREDIT UNION Incorporated October 29, 1926. Benjamin S. Rotman, Began business November 16, 1926 Morris^Koocher, Treasurer President Abraham Nissenbaum, Clerk of Corporation Board of Directors: Max Cohen*, Abraham Fishman*, Moses Gorfinkle*, Joseph Jacobst, Samuel Kertzmanf, Morris Koocher, Abraham Lazarus, Abraham Nissenbaum, Joseph Nissen, B. S. Rotman, David Viasneri". Meetings held at 178 Elm Street. BALANCE SHEET, DECEMBER .... Assets Personal loans Deposits subject to check . 31, 1926 P.D. 58 8, Part IV. CAMBRIDGE — WESTERN CREDIT UNION Incorporated November 27, 1926. Began business December B. H. C. Bennett, President B. Board of Directors: J. Azanow*, B. J. 7, S. J. I. Robert*, S. Segel*, S. I. BALANCE SHEET, DECEMBER Personal loans Deposits subject to cheek . Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 Rabinovitz, Treasurer M. Kramer*, Bernard Wallinsf, W. Weinstein. Meetings held at 12 Howard Street. Assets J. Rabinovitz, Clerk of Corporation H. Barberf, H. C. Bennett, Rabinovitz, 1926 31, 1926 Mullint, A. Nidich*, P.D. 8, 59 Part IV. CHELSEA — BAY STATE CREDIT UNION Incorporated November 19, 1926. Began business December 7, 1926 Harry Silverman, Treasurer Maurice Kohansky, President David Oppenheim, Clerk of Corporation Board of Directors: Max Balaban, Hyman Kaplan*, Louis Kohansky, Maurice Kohanskyf, Benjamin Michaelsonf, Joseph Miller, David Oppenheim*, Julius Oppenheim*, David Silverman!, Harry Silverman*, Samuel Tabachnick*. Meetings held at 453 Broadway. BALANCE SHEET, DECEMBER Assets Personal loans Deposits subject to check . Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 31, 1926 60 P.D. 8, Part IV. CHELSEA — BLACKMAN CREDIT UNION Began business November Incorporated October 29, 1926. Max Epstein, President 15, 1926 Jacob Schiffman, Treasurer _ Louis Bennett, Clerk of Corporation Board of Directors: Louis Bennett, Barnett Brown*, Max Epsteinf, Harry Goldstein*, Max Ritwin*, Ritwef, S. Ritner, Harry Rosengard*, Samuel Shurmasterf, Jacob Schiffman, Hyman Stoller*. J. L. Meetings held at 214 Broadway. BALANCE SHEET, DECEMBER 1926 31, Assets • Personal loans Deposits subject to check . . Liabilities $1,536 00 487 20 Shares Guaranty fund Current income . $2,023 20 Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 50 8 $1,957 00 10 00 56 20 $2,023 20 Shares Largest number held by one member Number fully paid $1 00 ..... Total Expenses for Year Salaries Rent . Advertising Other expenses Total .... .... .... 114 350 P.D. 8, Part IV. 61 CHELSEA — CHELSEA Incorporated October 25, 1926. CREDIT UNION Began business November Martin M. Hyman, Clerk J. 1926 David Denenberg, Treasurer N. Weinstein, President Board of Directors: 3, Bookman, S. of Corporation Brukerf, D. Denenberg, L. Ginsburg*, I. Goodman*, H. J. Rudolph*, N. Weinstein, M. S. Wulff. Hyman, M. M. Hyman, M. Landyf, W. Meetings held at 232 Broadway. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $38,702 50 3,673 67 3,942 88 Personal loans Deposits in savings banks Deposits subject to check Furniture and fixtures . 477 00 Shares Guaranty fund Current income Other 13,157 57 2,634 92 . 991 49 12 07 liabilities $46,796 05 $46,796 05 Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 252 156 $5 00 Shares Largest number held by one member Number fully paid . 280 7,911 . ...... Total Expenses for Year Salaries Other expenses . . . . . Total $90 00 122 52 $212 52 Rate of interest on loans, $38,702.50 at 7%. CHELSEA — CHELSEA YOUNG MEN'S CREDIT UNION Incorporated October 15, 1926. Began business November 1, 1926 John Baker, President Jacob Cohen, Treasurer Samuel Shuman, Clerk of Corporation Directors: John Baker, Jacob Cohen, Mendel Cowen*, Kalman Dishler, Frank Goldberg*, George Gruzenf, William Hoffinberg*, Lewis Loiterstien, William Patteck, Joseph Schnittmanf, Marcus Schnitt- Board of manf, William Schrieber, Samuel Shuman*. Meetings held at 232 Broadway. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities Personal loans Deposits subject to check Expense, less current income . . ,260 15 Shares 255 20 99 08 Guaranty fund $3,590 43 24 00 $3,614 43 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 57 26 $3 00 $3,614 43 Shares Largest number held by one member -.'-.. Number fully paid . . ...... ...... 63 695 Total Expenses for Year Salaries Rent Other expenses . . . Total Rate * Credit of interest Committee. . $55 00 10 00 114 42 $179 42 on loans, $3,260.15 at 8%. t Auditing . Committee. P.D. 62 8, Part IV. CHELSEA — CHESTNUT CREDIT UNION Incorporated November 2, 1926. Began business November 2, 1926 Wolf Weinberg, Treasurer Samuel Gross, President J. L. Shawmut, Clerk of Corporation Glazerf, Sam Glazer, Samuel Board of Directors: Nathan Chapper*, Myer Geeser*, Barnet Glazer*, Louis r Gross*, Rubin Mazer, J. L. Shawmutt, Julius Stonet, Nathan W aldman*, Wolf Weinberg. Meetings held at 131 Chestnut Street. BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Real estate loans Deposits subject to check Liabilities $16,051 20 3,875 00 . 396 96 . $19,627 04 7 00 689 12 Shares Guaranty fund Current income . $20,323 16 $20,323 16 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 134 93 $1 00 Shares Largest number held by one member Number fully paid . . ...... 152 3,655 Total Expenses for Year Salaries Other expenses . . . . . $225 53 Total Rate of interest on loans, $3,875.00 at $34 00 191 53 8%; $16,051.20 at 9%. CHELSEA — CITY CREDIT UNION Incorporated November 15, 1926. Began business November 23, 1926 Carl Shapiro, Treasurer Joseph Locke, President Carl Shapiro, Clerk of Corporation of Directors: R. S. Bakerf, A. Daniels, Sam Feldman, I. Lipman*, Joseph Locke, B. Michaelson*, S. E. Moffie*. H. Osofsky*. H. S. Pinkusf, Walter Schmidt, Carl Shapiro*, Morris Shapirot, H. I. Shur*. Board Meetings held at 6 Third Street. BALANCE SHEET, DECEMBER 1926 31, Liabilities Assets $6,848 00 66 49 Personal loans Deposits subject to check . 53,775 40 21 00 Shares Guaranty fund Current income . 104 47 2,013 62 1,000 00 Other liabilities Bills payable $6,914 49 $6,914 49 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 140 28 i 00 Shares Largest number held by one member Number fully paid . . . . . ...... 20 712 Total Expenses for Year Rent Other expenses . . . Rate of interest on loans, $6,848.00 at 8%. Committee. t Auditing . $8 00 218 40 $226 40 Total * Credit . Committee. P.D. 8, 63 Part IV. CHELSEA — CONGRESS Incorporated November 17, 1926. Benjamin Shapiro, President CREDIT UNION Began business November 24, 1926 Philip Tobin, Treasurer Max Kuperstein, Clerk of Corporation Board of Directors: I. Ballan, M. Cohenf, Sam Druekerf, Harry Golder*, Abraham Goldstein, Max Kuperstein, Samuel Liebermant, Morris Lazin*, Benjamin Shapiro, Jacob Shapiro*, Philip Tobin. Meetings held at 6 Third Street. BALANCE SHEET, DECEMBER Assets 31, 1926 P.D. 64 8, Part IV. CHELSEA — INDEPENDENT CREDIT UNION Incorporated October Began business November 18, 1926. 1, 1926 Isador Taylor, Treasurer Asher Glass, President Abraham Sack, Clerk of Corporation of Directors: George Abrams*, Abraham Avon, M. Bernstein, Aaron Bornsteinf, Isidore Elgert, Asher Glass, Max Grayf, Abe Greenwaldt, Abraham Sack, Abraham Shankman, Isador Taylor, Morris Weiner*, Board Sam Yanover*. Meetings held at 86 Chestnut Street. BALANCE SHEET, DECEMBER 1926 31, Liabilities Assets $15,658 02 1,844 81 Personal loans Deposits subject to check . $16,797 30 15 00 287 78 400 55 2 20 Shares Guaranty fund . Undivided earnings Current income Other liabilities $17,502 83 $17,502 83 Membership 156 106 $5 00 Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee Shares Largest number held by one member Number fully paid . . . . 244 . 3,276 ...... ...... Total Expenses for Year Salaries Rent Other expenses . . . . $54 00 8 00 222 43 . $284 43 Total Rate of interest on loans, $15,658.02 at 8%. CHELSEA — JUDAEAN CREDIT UNION Incorporated December 13, 1926. Began business December 20, 1926 Hyman Jacob Krivitsky, President Hyman Snider, Treasurer . Silverman, Clerk of Corporation Board of Directors: Benjamin Aronsonf, George Cohenf, Samuel Cohen*, Abraham Faber*, David Hoffman, Jacob Krivitsky*, Edward Silverstein*, Hyman Silverman!, Hyman Snider, J. J. Tutun, Jr., J. J. Tutun, Sr., Hyman Wintman. Meetings held at 214 Broadway. BALANCE SHEET, DECEMBER 31, 1926 Liabilities Assets $425 00 5,747 37 Personal loans Deposits subject to check Expense, less current income . . $6,178 10 Shares Guaranty fund 15 75 $6,188 12 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 169 1926 3 5 Shares Largest number held by one member paid Number fully . . . 00 Total Expenses for Year Miscellaneous expenses . . P.D. 8, Part IV. 65 CHELSEA — LABOR CREDIT UNION Incorporated November 13, 1926. Began business November 22, 1926 Abe Weiner, Julius Stone, President Treasurer Bertha Zaritzky, Clerk of Corporation Directors: Fishel Braverman, Abraham Goldberg*, Samuel Grossf, Jacob Kristal*, Samuel Perkins*, Isadore Promer*, Maurice Swartzt, Julius Stone, Abe Weiner, Isaac Zaritzkyf, Samuel Zussman*. Board of Meetings held at 86 Chestnut Street. BALANCE SHEET, DECEMBER Assets Personal loans Deposits subject to check . . . . . . 31, 1926 P.D. 66 8, Part IV. CHELSEA — PONEDELER CREDIT UNION Incorporated October 13, 1926. Began business October Benjamin Greenspoon, President Philip Fine, Treasurer J. Board of Directors: Sam M. 26, 1926 H. Berson, Clerk of Corporation Berger, J. H. Berson, Philip Fine, I. Gilletzf, H. Goldberg, Benjamin Greenspoon, Kleinf, S. Lockef, J. Shapiro*, Ida Shepard*, B. Tobiansky*. Meetings held at 69 Everett Street. BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Deposits subject to check Expense, less current income . . Liabilities $2,584 00 1,421 98 30 06 $4,036 04 Membership Shares Guaranty fund . Undivided earnings $3,867 00 9 00 160 04 $4,036 04 P.D. 8, Part IV. 67 CHELSEA — WALNUT CREDIT UNION Incorporated October 6, 1926. Began business October Maurice R. Goldman, President 6, 1926 Israel Edward Eyges, H. Kaplan, Treasurer Clerk of Corporation Board of Directors: Louis Bennett, Edward Bloom*, Edward Eyges, A. M. Gillman*, M. R. Goldman, Henry Hamburg*, Harry Horwitzf, I. H. Kaplan, Philip Rudnick, David Sackladf, Abraham Simonf. Meetings held at 214 Broadway. BALANCE SHEET, DECEMBER Assets Personal loans . . ... 31, 1926 Liabilities P.D. 68 8, Part IV. CHICOPEE — POLISH NATIONAL CREDIT UNION Incorporated July 19, 1921. Began business September Joseph A. Nowak, President 1, 1921 Felix S. Furtek, Treasurer Luchvik Garczynski, Clerk of Corporation J. Brackf, P. P. Flak, F. S. Furtek, L. Garczynski, Henry Godek, J. F. Janik, Kosiba, S. Kowaleskit, I. S. Kowalski, J. C. Kustra, F. Modzelewski*, J. A. Nowak, M. Ossolinskit, S. Sitarz, J. J. Sitnik, Z. Skowyra, A. Stonina, S. Swierczynski*, W. Tarka, S. Wojtasiewicz. Board of Directors: L. Bizon*, J. P. Meetings held at 222 Exchange Street. BALANCE SHEET, DECEMBER Assets 31, 1926 P.D. 8, Part IV. 69 FALL RIVER — FALL RIVER DOFFERS AND SPINNERS UNION Incorporated November 13, 1925. Began business November Joseph E. Costa, President CREDIT 27, 1925 John L. John L. Campos, Clerk of Corporation Board of W.) (U. T. Campos, Treasurer Frank Arrudaf, Tovias Borges, John Carriea*, J. E. Costa, J. L. Campos, James Foley*, Manuel Medeiors*, Joseph Martinf, J. M. Pires, Marieno Rodrigues, Theodore Olieviraf. Directors: Meetings held at 58 Pleasant Street. BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Deposits subject to check Liabilities $2,512 13 331 60 . . Shares $2,630 47 56 64 Guaranty fund Reserve fund Undivided earnings Current income . 3 00 58 82 94 80 $2,843 73 Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 115 38 . ... . . 50 cents $2,843 73 Scares Largest number held by one member Number fully paid Rate of dividend, Nov., 1926 . . . 100 . 497 8% Total Expenses for Year Advertising Other expenses . . . . . . . . . . Total Rate of interest $46 69 58 85 $105 54 on loans, $2,512.13 at 7%. FITCHBURG — FITCHBURG CREDIT UNION Incorporated April 4, 1921. Began business April 13, 1921 Harry M. Nathanson, President Henry Cohen, Treasurer Julius Miller, Clerk of Corporation Board of Directors: A. Chiate*, Henry Cohen, Jacob Cohenf, D. A. Goldbergf, H. M. Nathanson, Julius Miller Nathan Miller, H. Penan, A. Rofer*, M. Slominsky*, Samuel Taterf. Meetings held at 28 Boutelle Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $15,781 39 887 88 1,842 80 Personal loans Deposits in savings banks Deposits subject to check . Shares $17,102 54 Guaranty fund Undivided earnings Current income . $18,512 07 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . 163 58 $1 00 1,102 82 109 23 197 48 $18,512 07 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 ..... ..... .... Total Expenses for Year Salaries Rent Other expenses Total .... 100 3,402 7% 6% P.D. 70 FITCHBURG — WORKERS' Incorporated April 17, 1914. 8, Part IV. CREDIT UNION Began business April 22, 1914 John Suominen, Treasurer Yrjo Makela, President Carl E. Savolainen, Clerk of Corporation Board of Directors: O. F. Andersonf, John Erkkila*, John Heikkinen*, David Heikkila, Frans Kerttula, J. G. Laakso*, Yrjo Makela, Lauri Moilanenf, Victor Oinonen*, Henry Puraneni", Andrew Route, C. E. Savolainen, John Suominen*. Meetings held at 48 Wallace Avenue. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities 50 33 00 00 $82,573 482,703 4,000 20,000 29,613 Personal loans Real estate loans Co-operative bank shares Deposits in savings banks Deposits subject to check . 79 1,395 00 1,251 23 Other assets Furniture and fixtures Shares Deposits $180,417 00 392,79-2 95 37,598 68 6,477 15 4,251 07 . Guaranty fund Undivided earnings Current income . $621,536 85 $621,536 85 Membership Shares Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 365 176 . 1,577 513 number held by one member Largest Number Total Expenses for Year 1,493 Salaries Rent year . Advertising Other expenses Interest payable Jan. 31, Apr. 30, July 31, Oct. 31. Total Rate of interest . . . . . . . . . . . . . $2,800 00 280 00 781 28 1,687 44 $5,548 72 on loans, $558,026.83 at 6%; $7,250.00 at 8%. FRAMINGHAM — D. M. Incorporated January 26, 1917. Harry H. 5% 5% ...... Deposits of depositors of interest paid during 36,083 none Number Rate 400 paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 fully C. CREDIT UNION Began business March 2, 1917 Carl E. Jones, Treasurer Hall, President J. C. Kelley, Clerk of Corporation Board of Directors: G. J. Conoyerf, J. S. Dolliver*, J. H. Driscoll*, H. W. Fitzpatrick, J. J. Flynn, F. J. Ganaway*, H. H. Hall, M. A. Heffernanf, C. E. Jones, J. C. Kelley, G. L. Mahoney*, W. J. McNally, T. Naves* L. H. Rabbitt, M. J. Rowanf. Meetings held at 300 Howard Street. BALANCE SHEET, DECEMBER 1926 31, Liabilities $42,157 94 Personal loans Real estate loans . 600 00 68 00 82 Bonds 2,313 8,000 24,273 5,663 2,549 Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand . Shares Deposits . Guaranty fund Undivided earnings Current income . Membership 4S5 290 . 1,397 729 25 cents of depositors of interest paid during Interest payable Feb. 1, 38 92 54 425 75 $85,558 99 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 100 13,324 7% 7% Total Expenses for Year Deposits Number Rate 40 89 66 $85,558 99 Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee $68,228 12,387 3,750 766 228 Miscellaneous expenses year May 1, Rate of interest * Credit Aug. 1, Nov. 1. on loans, $42,157.94 at 6%; $600.00 at 7%. Committee. t Auditing Committee. $263 10 P.D. 8, Part IV. 71 HAVERHILL — HAVERHILL CREDIT UNION Incorporated November Louis Shapiro, President Max 1, 1926. Began business November 1, 1926 David Datz, Treasurer H. Gofstein, Clerk of Corporation Board of Directors: Louis Abrams*, David Datz*; W. M. Espovicht, M. H. Gofstein, Simon Hirshfieldf, Boris Kaufman*, Benjamin Kniznick*, David Michelson*, David Rich*, Samuel Rich*, Louis Shapiro*, Aaron Steinmant, Morris Wiseberg*. Meetings held at 2 Sheppard Street. BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Deposits subject to check Liabilities $2,291 00 169 54 . . Shares Guaranty fund Current income $2,418 00 24 00 18 54 . $2,460 54 Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 44 15 $2,460 54 Shares Largest number held by one member Number fully paid . . 00 ...... 40 478 Total Expenses for Year Salaries Other expenses . Total Rate of interest $27 00 103 71 $130 71 on loans, $2,291.00 at 6%. HOLYOKE — HOLYOKE CREDIT UNION Incorporated September 7, 1911. Began business September Joseph Lussier, President 8, 1911 Pierre Bonvouloir, Treasurer Pierre Bonvouloir, Clerk of Corporation Board of Directors: W. G. Angers, Napoleon Bail, Abraham Bonneau, Pierre Bonvouloir, J. C. Drapeaut, Stanislas Ducharme*, Valere Ducharme*, A. D. Durocher, Oscar Fafard, J. H. Fleuryt, O. O. Lamontagne, Joseph Lussier, Victor Messier, F. X. Roch*, J. T. Royt. Meetings held at 380 High Street. BALANCE SHEET, DECEMBER .... .... Assets Personal loans Real estate loans Co-operative bank shares Deposits subject to check Cash on hand . . 31, 1926 P.D. 72 8, Part IV. LAWRENCE — ESSEX COUNTY CREDIT UNION Incorporated October Samuel 1, 1926. Began business November 1926 Hyman Salovitch, President Hyman 1, Oilman, Treasurer Golden, Clerk of Corporation Board of Directors: David Barenboinrj", Joseph Dame, Simon Dworkin, Louis Freedman, Hyman Golden, David Hook*, Hyman Ollmanf, Samuel Salovitch, Sam Samelf, Sam Soreff, Jr.*, Sam Toabe*. Meetings held at 316 Essex Street. BALANCE SHEET, DECEMBER Assets 31, 1926 P.D. 8, Part IV. 73 LAWRENCE — LAWRENCE Incorporated January Harold 7, 1913. CREDIT UNION Began business January 13, 1913 Max Sutcliffe, President Goldstein, Treasurer Percy R. Leach, Clerk of Corporation Board of Directors: John Bancroft*, Amable Bouchard, John Broadhead*, Alice Foster, Max Goldstein, Joseph Greenwood, David Hird, John Howlettf, P. R. Leach*, Fred Longworthf, J. E. Pearson, F. S. Smith, Harold Sutcliffe, W. E. Wingatef. Meetings held at 313 Bay State Building. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $39,008 43 346 50 2,500 00 1,523 39 551 54 2 50 271 25 Personal loans Real estate loans Deposits in savings banks Deposits subject to check . Cash on hand . Other assets Furniture and fixtures $44,203 61 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . Deposits Number Rate of depositors of interest paid during Interest payable Mar. 1, year June 1, Sept. 1, Dec. 1. Shares Deposits . Guaranty fund . Reserve fund Undivided earnings Current income $37,899 42 1,306 46 3,050 72 760 15 865 27 321 59 $44,203 61 74 P.D. 8, Part IV. LEXINGTON — LEXINGTON CREDIT UNION Incorporated November 1, 1926. Began business November 1, 1926 Max Jacob Smith, President Meltzer, Treasurer Leo A. Bornstein, Clerk of Corporation Board of Directors: Harry Baron*, Kalman Bernstein, L. A. Bornstein, Louis Cohenf, Louis Dickerman*, D. H. Govenar, I. I. Lassoff*, Benjamin Levinef, Max Meltzer, Nat Meltzerf, Jacob Smith. Meetings held at 39 Sylvia Street. BALANCE SHEET, DECEMBER 31, 1926 Assets Personal Deposits Deposits Expense, Liabilities $1,577 00 12 50 58 37 27 13 loans in savings banks subject to check less current income . . . Shares $1,650 50 24 50 Guaranty fund $1,675 00 $1,675 00 Membership Shares Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 50 . ... . 17 50 cents . Rate Largest .... number held by one member Number paid fully . Total Expenses for Year Miscellaneous expenses of interest 25 313 $109 49 on loans, $1,577.00 at 8%. LOWELL — HIGHLAND CREDIT UNION Incorporated November Max J. 6, 1926. Began business November 19, 1926 Soloman Knopf, Treasurer Solomon, President Abraham Banks, Clerk of Corporation Board of Directors: Abraham Banks, George Bernstein, Morris Cohen*, Jacob Cantor*, Nathan Goodman, Soloman Knopf, Israel Lebovitzt, Abraham Neymant, Samuel Rostlerj", M. J. Solomon, Joseph Steinberg, Herman Selzer*. Meetings held at 159 Chelmsford Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $4,734 00 500 00 621 60 Personal loans Deposits in savings banks Deposits subject to check . Shares Current income $5,743 94 111 66 $5,855 60 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 56 1926 13 $5,855 60 Shares Largest number held by one member Number fully paid . . none ...... 48 1,098 Total Expenses for Year Salaries Other expenses . Total Rate of interest * Credit Committee. on loans, $4,734.00 at 6%. t Auditing Committee. $25 00 131 33 $156 33 P.D. 8, Part IV. 75 LOWELL — IDEAL CREDIT UNION Incorporated November 8, 1926. Began business November Bere Bishoff, President 15, 1926 Samuel H. Plotkin, Treasurer William Korobkin, Clerk of Corporation Board of Directors: Bere Bishoff, Louis Cantor*, Nathan Cohen, Louis Kaplanf, William Korobkin, Joseph Lipshitz*, Zimel Motlenf, S. H. Plotkin, Charles Richardst, Hyman Scolnick, Joseph Sokolow*. Meetings held at 159 Chelmsford Street. BALANCE SHEET, DECEMBER .... Assets Personal loans Deposits subject to check . 31, 1926 P.D. 76 8, Part IV. LOWELL — LOWELL CREDIT UNION Incorporated October 2, 1926. Began business October 13, 1926 Abraham Gabriel Kahn, President J. Sterns, Treasurer Morris Greenbaum, Clerk of Corporation Board of Directors: Harry Bernstein*, Nathan Brand, J. C. Bresth, Harry Fillerf, Morris Greenbaum, Sidney Greenberg*, Gabriel Kahn*, Abraham Klein*, Hyman Levine, Nathan Malkielf, Abraham Sandler*, Harry Shulmanf, A. J. Sterns*. Meetings held at 99 Chelmsford Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities Personal loans Deposits subject to check $4,203 00 76 83 20 00 . Other assets Furniture and 30 95 fixtures Shares Deposits $3,252 89 808 00 62 60 86 40 120 89 . Guaranty fund Undivided earnings Current income . $4,330 78 Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 72 19 $4,330 78 Shares Largest number held by one member Number fully paid Total Expenses for Year Deposits Number Rent of depositors Interest payable, Apr. 1, Oct. 73 634 $1 00 Other expenses $30 00 52 04 Total $82 04 1. Rate of interest on loans, $4,203.00 at 6%. LOWELL — LOWELL BLEACHERY CREDIT UNION Incorporated October Mark 3, 1921. Began business November 3, 1921 Etta R. McDermott, Treasurer A. Adams, President Jennie Mullin, Clerk of Corporation Board of Directors: M. A. Adams, Gertrude C. Burke, Michael Cahill*, J. H. Cleary, N. T. Hainsworthf, Edward Hansont, W. J. Hartley*, A. N. Johanson*, D. S. Mackf, Etta R. McDermott, Jennie Mullin, G. H. Omerod, Annie I. Rogers, Patrick Rourke, Patrick Ward. Meetings held at Carter Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities Personal loans Real estate loans Deposits in savings banks Deposits subject to check Cash on hand . $7,264 13 . 1,407 15,953 197 14 00 47 95 96 $24,837 51 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . Deposits Number Rate of depositors of interest paid during Interest payable Feb. 1, year May 1, Aug. 1, Nov. 1. Shares Deposits $18,998 75 4,720 78 . Guaranty fund Undivided earnings . 949 75 168 23 $24,837 51 P.D. 8, 77 Part IV. NORTHERN MASSACHUSETTS TELEPHONE WORKERS LOWELL CREDIT UNION Incorporated November 8, 1922. Began business November 8, 1922 Dorothy R. Delany, Treasurer Walter F. King, President Elizabeth D. Lynch, Clerk of Corporation Lillian M. Abbott, G. G. Bartlett, G. A. Bryant*, Samuel Crown, Dorothy R. Delany, F. J. Dunn, C. F. Donahoe, P. D. Giles, C. F. Hamilton!, M. Hammond, F. G. Hanson, W. B. Humphrey, W. F. King, Elizabeth D. Lynch, L. H. Maddocks*, Margaret McArie, J. T. McGirr, Annie J. McMahonf, Board of Directors: J. A. Mahan, W. B. Rogers*, C. F. Stanleyf. Meetings held at 115 Appleton Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $57,721 50 2,000 00 968 57 388 55 3,140 69 Personal loans Co-operative bank shares Deposits subject to check Furniture and fixtures . Other assets Shares Deposits . Guaranty fund . Reserve fund Undivided earnings Current income Bills payable $64,219 31 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . . . . 51 1,039 . ... . 208 585 . Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 10 cents Total Expenses for Year of depositors of interest paid during year Interest payable Feb. . . 1, May 1, Aug. . . 1, Nov. 1. 60 48 78 31 88 637 26 8,000 00 $64,219 31 Deposits Number Rate $40,981 8,404 3,409 2,720 65 871 Salaries 5% Other expenses Total 459 8,196 none 6% 78 P.D. 8, Part IV. LYNN — LABOR CIRCLE CREDIT UNION Incorporated July 23, 1912. Barney Grob, President Hyman Began business August 12, 1912 Harry Goldberg, Treasurer S. Polansky, Clerk of Corporation Board of Directors: Barney Colchy*, Harry Goldberg, Jacob Goldberg*, Barney Grob, William Grob*, Louis Klinef, Barnet Kudroff*, Sam Levine*, J. B. Mack*, Jacob Margolis, Louis Pastert, H. S. Polansky, Bennie Snyder*, Jacob Strome, Samuel Vinerj". Meetings held at 237 Summer Street. BALANCE SHEET, DECEMBER Assets Personal loans . 31, 1926 Liabilities $16,759 46,145 2,877 192 1,168 75 30 82 S3 43 14 37 20 P.D. 8, 79 Part IV. LYNN — LYNN POSTAL DISTRICT EMPLOYEES CREDIT UNION Incorporated October 2, 1926. Began business November 1, 1926 Howard Walter Penney, President Nathan E. Foster, Treasurer L. Dill, Clerk of Corporation Board of Directors: E. J. Barry, F. A. Batcheller, F. O. Brown, R. F. Butler, W. E. Carterf, J. A. Coddington, B. J. Curtin, N. L. Dill, H. E. Foster, Henry Garney*. E. L. Hayes*, J. P. Madden, W. H. Mintonf, J. E. Paul, Walter Penney, W. A. Robinson*, J. F. C. Stevens, W. T. Sullivanf. Meetings held at Post Office, Liberty Street. BALANCE SHEET, DECEMBER 31, 1926 Assets Personal loans Liabilities $482 50 . Cash on hand Expense, less current income $483 50 20 25 Shares Guaranty fund 10 12 11 13 $503 75 $503 75 Mem bership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 . . . ... Shares Largest number held by one member Number fully paid 81 6 . . . . . 20 64 25 cents Rate of interest on Total Expenses for Year Miscellaneous expenses loans, $482.50 at $12 23 12%. LYNN — ST. JEAN BAPTISTE PARISH CREDIT UNION Incorporated September 29, 1910. David A. Gagaon, Began business October 7, 1910 George E. Langevin, Treasurer President Alfred Lanzon, Clerk of Corporation Board of Directors: N. Bergeron*, J. Bourquef, E. Chaussfif, F. Dionne, D. A. Gagnon, G. E. Langevin, A. Lanzon, H. Leblanc, P. Legerf, A. Saulnier*, O. Simard*. Meetings held at 158 Franklin Street. BALANCE SHEET, DECEMBER Assets 31, 1926 P.D. 80 LYNN — WEST LYNN G. E. March 27, 1926. .Stanley B. Harmon, Incorporated 8, Part IV. EMPLOYEES' CREDIT UNION Began business April 7, 1926 Glenn C. Decker, Treasurer Joshua P. Stott, President Clerk of Corporation Board of Directors: T. J. Culliton, G. C. Decker, J. E. Doyle*, J. P. Dowlinsf, John FitzGerald, S. B. Harmon, O. V. Henderson, W. T. Litchman, S. W. Mansfieldf, W. A. Mattson*, W. K. McClintock, Geo. McLernon, Maurice O'Brien, John Robinson, G. H. Smithf, J. P. Stott, O. J. Therrien*. Meetings held at 42 Center Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $3,745 02 Personal loans Deposits subject to check . 347 45 Shares Deposits . Guaranty fund Undivided earnings Current income . 3,651 93 165 83 102 89 56 31 08 59 $4,092 47 $4,092 47 1 Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 253 96 . ... ... . . 25 cents Deposits Number Rate of depositors of interest paid during Interest payable Feb. 1, year May 1, 14 1, . . . Total Expenses for Year Miscellaneous expenses . . 36 516 $14 20 4J^% . Aug. Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1926 Nov. Rate of 1. interest on loans, $3,745.02 at 6%. MALDEN — COSMOPOLITAN CREDIT UNION Incorporated December 30, 1926. Began business December 30, 1926 Henry Lewenberg, Treasurer Morris Huberman, President Henry Lewenberg, Clerk of Corporation Board of Directors: John Cohenf, Arnold Edner, Morris Huberman, Louis Klein, Henry Lewenberg, Harry Millert, Morris Miller*, Sam Solomon, Meyer Shore*, Jacob Savaget, Morris Weiner*. Meetings held at 267 Bryant Street. BALANCE SHEET, DECEMBER .... Assets Personal loans Deposits subject to check . 31, 1926 P.D. 8, 81 Part IV. MALDEN — MALDEN Incorporated October 18, 1926. CREDIT UNION Began business October 27, 1926 Harry Budilov, Treasurer Benjamin Feldstein, President Julius Faller, Clerk of Corporation Board of Directors: P. Bagelman, L. Baizenf, I. Fox*, J. Gabowitzf, M. S. Blesofsky*, Lewin*, E. Ludmersky, H. Budilov, J. Miller*, J. M. Brudnickf, J. Faller, Schlager*, P. Singer, Meetings held at 261 Bryant Street. BALANCE SHEET, DECEMBER .... Assets Personal loans 31, 1926 Liabilities I. B. Feldstein, Trager. P.D. 82 8, Part IV. PROGRESSIVE WORKMEN'S CREDIT UNION MALDEN Incorporated September 12, 1911. Began business September Jacob W. Mover, President 12, 1911 Philip Isenman, Treasurer Benjamin Miller, Clerk of Corporation S. J. Bander, Samuel Bivetsky, Joseph Cardinal, Samuel Cassin, Max Cohen, Charles Galet, Meyer Gelpe*, Abraham Grossmant, Philip Isenman, Robert Katz*, Thomas Klaiman, Harry Lilly*, Benjamin Miller, J. W. Mover, Nathan Rodman*, Abraham Ross, Louis Segal*, G. F. Wenrichf. Board of Directors: Meetings held at 473 Cross Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $197,594 96 161,408 63 1,000 00 20,000 00 5,350 84 22,903 76 1,000 00 3,541 79 Personal loans Real estate loans . Bonds Certificates of deposit Deposits in savings banks Deposits subject to check Cash on hand Furniture and . fixtures Shares Deposits $321,653 70 50,314 47 23,403 90 13,051 36 4,376 55 . Guaranty fund Undivided earnings Current income . $412,799 98 Member sh ip Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . . . . 703 345 2,376 1,096 25 cents . ... . . $412,799 98 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 Total Expenses for Year Deposits Number Rate of depositors of interest paid during Interest payable Jan. 1, 185 1, July $5,446 60 1,404 75 Salaries Rent year Apr. 1, Oct. 1. 378 85 Advertising Other expenses 4,607 31 Total Rate of interest on loans, 435 63,758 Ll.342.40 at 6%; $158,343.78 at 7%; $140,627.41 at 12%. $11,837 51 $24,650.00 at 10%; $24,040.00 at 11%; MALDEN — SAFETY CREDIT UNION Incorporated November 17, 1926. Nathan M. Cohan, Began business December 6, 1926 Israel Benjamin, Treasurer President Jacob I. Ziner, Clerk of Corporation Board of Directors: Max Altman*, Max Barnett*, Israel Benjamin, N. M. Cohan, Max Cohen*, Hyman Harrisf, Morris Harrisf, Irving Pickardf, Nathan Rodman*, Morris Schwartz, J. I. Ziner*. Meetings held at 261 Bryant Street. BALANCE SHEET, DECEMBER .... Assets Personal loans Deposits subject to check Furniture and fixtures . 31, 1926 Liabilities P.D. 8, 83 Part IV. MANSFIELD — MANSFIELD CREDIT UNION Incorporated July 26, 1916. Began business September 2, 1916 Frank R. Sawyer, Treasurer William C. Fuller, President Sadie H. Tucker, Clerk of Corporation M Cook, F. DW. Butterworth, W. F. Chapman, R. Howard*, N. G. Howardt, J. H. Howe, J. G. Moran. Fairbankst, W. H. A. Morse*, Gertrude F. Olsen*, Joseph Roman, W. H. Rootsf, F. R. Sawyer, K. C. Sherman, F. OShepardson, Sadie H. Tucker, H. A. Washburn*. Bell, Alphonso Buck*, H. C. Fuller, A. A. Grover, C. F. Board of Directors: R. E. Meetings held at 242 North Main Street. BALANCE SHEET, DECEMBER Personal loans Real estate loans Deposits in savings banks Deposits subject to check . Cash on hand 31, 1926 Liabilities Assets >22,166 75 . Other assets Furniture and fixtures $60,030 62 P.D. 84 8, Part IV. NEW BEDFORD — NEW BEDFORD GAS AND EDISON LIGHT COMPANY EMPLOYEES' CREDIT UNION Incorporated Everett W. May 14, 1926. Began business June 30, 1926 James A. Stetson, Treasurer Cole, President Caleb B. Tyler, Clerk of Corporation Board of Directors: Alfred Ainsworth, Jr.*, C. J. Allen*, A. E. Flathersf, W. D. W. Beaman, E. W. Cole, C. A. Cotter, F. F. Cowdenf, A. Kenyon*, C. L. Rileyf, A. Stetson, C. B. Tyler. J. Meetings held at 693 Purchase Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities 1,252 00 436 51 Personal loans Deposits subject to check . Cash on hand 41 00 . Shares Deposits . Guaranty fund Undivided earnings Current income . $1,729 51 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 120 26 25 cents Deposits Number Rate of depositors of interest paid during year Shares Largest number held by one member Number fully paid 22 5% Total Expenses for Year Miscellaneous expenses P.D. 8, 85 Part IV. NEW BEDFORD — SACRED HEART CREDIT UNION Incorporated September 5, 1914. Began business October 27, 1914 Fabiola Bosse, Treasurer Joseph Chausse, President Louis Jean, Clerk of Corporation Board of Directors: Fabiola Bosse, Joseph Chausse, Alphonse Gauthierf, D. H. Gauthier*, Henri Gerin*, Louis Jean, William Nerbonne*, C. A. Poirierf, Richard Remillard, Elphege Sansoucyf, Omer Valois. Meetings held at 349 Summer Street. BALANCE SHEET, DECEMBER Assets 31, 1926 S6 P.D. NEW BEDFORD Incorporated November Robert S. 8, Part IV. SOUTHERN MASSACHUSETTS TELEPHONE WORKERS CREDIT UNION 8, 1922. Began business November Greenya, President 8, 1922 Colin Anna K. Manley, W. Chisholm, Treasurer Clerk of Corporation Board of Directors: Ruth Baillie, C. W. Chisholm, E. J. Dineen, C. F. Donahoe, J. L. Fitzpatrick, J. W. Gordont, R. T. Gott*, R. S. Greenya, Jennie Keefe, James Lawlorf, Anna K. Manley, G. W. Mercer*, Margaret T. Melody, G. W. Mixer, F. A. McNulty, J. J. Neilan, B. K. Rounsvillet, V. C. Ryan*, F. C. Sartoris, G. L. Taber, Sadie Wilde. Meetings held at 390 Acushnet Avenue. BALANCE SHEET, DECEMBER Assets 31, 1926 P.D. 8, 87 Part IV. REVERE — ASSOCIATES CREDIT UNION Incorporated October 26, 1926. J. Max A. Allen*, B. Henry Goldstein, M. W. J. J. 1926 Hoffman, Treasurer Goldstein, Clerk of Corporation Berkowitchf, Harry Fink, Meyer Fox*, William Fox, Bernard Gersont, Max Hoffman, Simon Michaelsont, Louis Price*. Goldstein, Meetings held at 140 Shirley Avenue. BALANCE SHEET, DECEMBER Assets 22, Max Henry Goldstein, President Board of Directors: Began business November 31, 1926 P.D. 88 REVERE — PALESTINE Incorporated October 26, 1926. Meyer M. Lansky, 8, Part IV. CREDIT UNION Began business November 1, 1926 Isaac Horenstein, Treasurer President Isaac Horenstein, Clerk of Corporation Max Baizman*, Harry Fink, Isadore Forman, Benjamin Gerson, Joseph Gerson*, Alexander Horensteinf, Isaac Horenstein, Louis Kaplan*, M. M. Lansky, Louis Marcus, Simon Michaelsonf, Simon Miller*, Nathan Samuels, Samuel Schwartzf, Max Swartz*. Board of Directors: Meetings held at 97 Walnut Avenue. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities 83,831 00 379 12 Personal loans Deposits subject to check . Cash on hand 60 00 . 1,160 47 Shares Guaranty fund Current income 48 25 61 40 . $4,270 12 $4,270 12 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee Shares 1926 74 Largest 25 00 Number number held by one member paid fully . . . . . ...... 37 804 Total Expenses for Year Salaries Other expenses . . . . . $117 60 Total Rate of interest on loans, 814 00 103 60 S3, 831 at 8%. REVERE — REVERE CREDIT UNION Incorporated February 9, 1912. Began business February 15, 1912 Charles Samuel Ruby, President Aaron A. Gilfix, Treasurer Harris, Clerk of Corporation Board of Directors: M. M. Aisner*, Bernard Appelt, S. J. Aronson*, Albert De Grootf, Sol Finklestein, W. H. Gallagher, Charles Gilfix, L. B. Glixman, A. A. Harris, Phineas Levi, Samuel Ruby, Maurice Silberman, M. H. Simonf, Aron Weintroub*, W. D. Wheeler. Meetings held at 10 Orr Square. BALANCE SHEET, DECEMBER Assets 31, 1926 P.D. 8, 89 Part IV. ROCKLAND — ROCKLAND Incorporated January 23, 1922. Abraham CREDIT UNION Began business April 8, 1922 Albert Lelyveld, President Patrick J. W. Ames, Treasurer Ford, Clerk of Corporation Board of Directors: A. W. Ames, E. O. Bemisf, L. E. Blanchardf, H. C. Capenf, Thomas Dorsey, P. J. Ford, John Fucillo, Fred Hall, Emil Kelstrand, Abraham Lelyveld, J. B. Mahar, W. H. Main, J. R. Parker, R. S. Poole*, J. A. Radcliffe*, H. E. Reed, Harry Tracy*, Louis Verdone, G. H. Wilder. Meetings held at 342 Union Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $8,724 71 501 27 1,034 09 Personal loans Co-operative bank shares Deposits subject to check . Cash on hand 426 95 . $10,687 02 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 67 15 . 237 84 25 cents Deposits Number Rate of depositors of interest paid during Interest payable Feb. 1, year May 1, Aug. 1, Nov. 1. Shares Deposits . Guaranty fund . Reserve fund Undivided earnings Current income $5,967 95 3,297 23 384 71 201 74 643 52 191 87 $10,687 02 P.D. 90 8, Part IV. SALEM — JEWISH COMMUNITY CREDIT UNION Incorporated June 25, 1921. David Began business July 18, 1921 P. Israel, President S. Moses Board of Directors: H. Freedberg, Treasurer Alpers, Clerk of Corporation Alpers, A. J. Aronsonf, J. Epsteinf, S. H. Freedberg, Sam Galper*, D. P. Louis Jaynes, S. J. Kerr*, Louis Lanf, I. Shapiro, W. Shenker*. Moses Israel, Meetings held at 157 Washington Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $11,925 00 129 83 Personal loans Deposits subject to check . Shares $11,575 81 400 36 29 58 49 08 Guaranty fund Undivided earnings Current income . $12,054 83 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 45 42 209 92 . $12,054 83 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 . 25 cents . . . . 100 2,315 8% 5% ...... ...... Total Expenses for Year Salaries Rent Other expenses . . . . Total Rate SALEM — ST. $478 00 70 00 162 27 $710 27 on loans, $11,925.00 at 6%. of interest Incorporated June . JOSEPH CREDIT UNION 1, 1926. Began business June 4, 1926 Paul N. Chaput, Treasurer Napoleon Levesque, President Gedeon Pelletier, Clerk of Corporation Board of Directors: L. A. B&rubg, L. R. Bouchardt, P. N. Chaput, J. H. Chouinardt, Alfred Deschesnes*, E. J. Dionnef, U. M. J. de Grandpre, Napoleon Levesque, Elphege L'heureux, J. A. Marchand*, Octave Ouellette, Gedeon Pelletier*, E. J. Perron, Chauncey Pepin, E. R. Poirier. Meetings held at 120 Lafayette Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $4,385 50 2,400 00 348 43 25 00 Personal loans Real estate loans Deposits subject to check . Cash on hand ' . . Shares Deposits . Guaranty fund Undivided earnings Current income . Other liabilities $7,158 93 $7,158 93 Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee of depositors of interest paid during year Interest payable Mar. 1, June 1, Rate of interest * Credit 200 1,040 Total Expenses for Year 28 5% . Sept. Shares Largest number held by one member Number fully paid 25 cents ... Number Rate 140 27 $5,132 50 1,416 69 75 28 287 01 142 15 105 30 1, Dec. 1. Salaries . Other expenses . . Total on loans, $4,385.50 at 8%; $2,400 at 10%. Committee. t Auditing Committee. $90 00 7 35 $97 35 P.D. 8, Part IV. 91 SALEM — SALEM CREDIT UNION Incorporated Max May 16, 1913. Began business May 16, 1913. Morris Lipshultz, Treasurer Levine, President Hyman Board of S. Polansky, Clerk of Corporation Harry Barron, Nathan Berkowitzf, Kysiel Kaplanf, Myer Kopelman*, Louis Levenson*, Levine, Morris Lipshultz, H. S. Polansky, L. M. Stadlenf, Samuel Tarlow, Samuel Zoll*. Directors: Max Meetings held at 125 Washington Street. • BALANCE SHEET, DECEMBER ..... ..... ...... 1926 31, Assets Personal loans Deposits in savings banks Deposits subject to check Other assets Expense and income . . Liabilities $15,796 70 600 00 1,151 73 2 50 Shares Deposits Guaranty fund Undivided earnings . Other interest paid, less current $2,092 13,985 1,275 251 . liabilities 1 Membership . . . 35 32 224 98 . ... . . 50 cents Deposits Number Rate of depositors of interest paid during Interest payable Feb. 15, . . year May $17,606 37 Shares . 15, 213 . 6% . Aug. 47 42 55 44 $17,606 37 Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 05 67 76 15, Nov. 15. P.D. 92 8, Part IV. SPRINGFIELD — JEWISH WORKERS CREDIT UNION Incorporated November 13, 1925. Abe Leiberman, Began business November 13, 1925 Nison Riskin, Treasurer President Nison Riskin, Clerk of Corporation Board of Directors: Charles Broad*, Harry Derber, Samuel Dietzt, Isaac Fieldmanf, Sam Fieldman, Charles Kalman, Jacob Lebow*, Abe Leiberman, Julius Margolis*, Nison Riskin, Sol Radas, Isaac Silvermanf. Meetings held at 283 Carew Street. BALANCE SHEET, DECEMBER • 1926 31, Liabilities Assets $27,565 00 Personal loans Deposits in savings banks Deposits subject to check Furniture and fixtures . 1,148 15 313 76 225 00 $24,908 00 1,424 15 919 76 Shares Guaranty fund Current income . '2,000 00 payable Bills $29,251 91 $29,251 91 Membership Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee, 50 cents 169 112 per Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1926 500 . 4,981 . ...... ...... share. 8% Total Expenses for Year Salaries Rent Advertising Other expenses . . of interest 00 17 50 92 $636 59 Total Rate $150 276 47 162 on loans, $26,000 at 6%; $1,565 at 8%. SPRINGFIELD — SPRINGFIELD, MASS., POST OFFICE EMPLOYEES CREDIT UNION Incorporated April 27, 1923. May Began business 1, 1923 Frank W. Vinnicombe, Treasurer George F. McNulty, President Frank W. Vinnicombe, Clerk of Corporation Board of Directors: M. F. Begley*, T. G. Crowley*, J. B. Haref, C. J. Hauckf, H. C. Humason*, W. J. Hurleyt, J. F. Manning, C. J. McCrohan*, G. F. McNulty*, F. W. Vinnicombe, F. H. Woodward. Meetings held at 1592 Main Street. BALANCE SHEET, DECEMBER 1926 31, Liabilities Assets 24 00 24 67 15 95 $16,999 3,000 4,102 165 Personal loans Co-operative bank shares Deposits in savings banks Deposits subject to check Furniture and fixtures . Shares Deposits $22,737 99 . Guaranty fund Undivided earnings Current income . Membership . . . . 26 15 250 147 . ... $1 00 .... 2 . . Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 Rate of depositors of interest paid during year 4% . Interest payable Jan. 31, Apr. 30, July 31, Oct. 31. Rate of * Credit interest 75 00 86 248 4,465 10% 8% Total Expenses for Year Deposits Number 50 $24,283 10 $24,283 10 Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 375 779 49 340 Other expenses $175 00 84 93 Total $259 93 Salaries on loans, $8,645.71 at 5%; $8,353.53 at 6%. Committee. t Auditing Committee. P.D. 8, 93 Part IV. SPRINGFIELD — SPRINGFIELD STREET RAILWAY EMPLOYEES CREDIT UNION Incorporated November Edward 6, 1926. Began business November 10, M. A. Raleigh, President M. 1926 J. Hennessey, Treasurer Hennessey, Clerk of Corporation J. Board of Directors: Frank Carlo, J. P. Couehlin, F. W. Flanaganf, Thomas Gleason, J. J. Harrington, J. A. Hegarty*, M. J. Hennessey, W. F. La Brecquet, J. W. Leonardt, D. J. Meaney*, E. A. Raleigh, W. M. Warrington*. Meetings held at 1387 Main Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $3,253 00 450 91 Personal loans Deposits subject to check . Shares Deposits $3,329 115 109 150 . Guaranty fund Current income . $3,703 91 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 218 1926 31 50 cents Deposits Number 39 of depositors Interest payable May Nov. 1, on of interest — UNITED Shares Largest number held by one member Number fully paid .... 51 . Total Expenses for Year Miscellaneous expenses 572 $31 97 loans, $3,253.00 at 6%. ELECTRIC LIGHT COMPANY EMPLOYEES CREDIT UNION Incorporated August 2, Began business September 1923. 21, 1923 George W. Swift, President James Gray, Treasurer W. D. Fessenden, Clerk of Corporation Board of Directors: V. W. Cignoli*, W. D. Fessenden, James Gray, L. O. Ingalls, A. M. Lombard*, McKearinf, L. J. Scottt, G. W. Swift, J. P. Wayf, E. J. Walker*, H. H. White. Meetings held at 73 State Street. BALANCE SHEET, DECEMBER 192S 31, Liabilities Personal loans Real estate loans Co-operative bank shares Deposits in savings banks Deposits subject to check $8,745 9,500 2,000 4,214 . 63 00 00 24 1,461 21 Shares Deposits $24,639 57 303 27 442 37 376 52 159 35 . Guaranty fund Undivided earnings Current income . $25,921 08 Membership Number added during year Number withdrawn during vear Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . . . 39 14 169 73 . . none . . . . . ... Deposits Number of depositors of interest paid during Interest payable Jan. 1, year July 8 $25,921 08 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 Total Expenses for Year Miscellanoeus expenses ^14% . 1. Rate of P. J. , Assets Rate 91 $3,703 91 1. Rate SPRINGFIELD 00 00 00 interest on Credit Committee. loans, 000 at 5M%; $9,245.63 at 6%. t Auditing Committee. 209 4,874 6% 6% $42 40 P.D. 94 SPRINGFIELD — WESTERN 8, Part IV. MASSACHUSETTS TELEPHONE WORKERS CREDIT UNION Incorporated July 20, 1922. Maurice S. Blaisdell, Began business August 1, 1922 Edward President J. J. Tyer, Treasurer H. Armstrong, Clerk of Corporation J. H. Armstrong, M. S. Blaisdell, Eva F. Bryson, G. Davis, C. F. Donohoe, P. F. Follett, E. E. Geoffriont, Edith H. Harkness, Eleanor F. Healy, E. S. Henderson, C. E. Howard, Catherine F. W. Rising, E. T. Sheridanf, C. S. Stebbinsf, T. E. Tierney, E. J. Tyer, R. L. Wing*. Board of Directors: McQuade*, H. E. Oakes*, Helen A. O'Donnell, Clara E. Pepper, Meetings held at 283 Worthington Street. BALANCE SHEET, DECEMBER Assets Personal loans . Bonds Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand Furniture and fixtures . 31, 1926 Liabilities P.D. 8, Part IV. WALTHAM — ST. 95 JOSEPH'S CREDIT UNION Incorporated January 14, 1913. Began business January 20, 1913 Hermenegilde Brouillette, Treasurer Philip L. Landry, President Eugene L. Houde, Clerk of Corporation Board of Directors: Hermenegilde Brouillette, Adelard Chiassonf, Donat Cormier, Theophile Geoffrion*, Ambrose Giasson, E. L. Houde, P. L. Landry, Waldron Larosee*, J. D. LeBlanc*, Josephine LeBlancf, Leonore LeBlanct. Meetings held at 9 Barton Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $707 70 2,949 26 816 09 3,192 44 2 50 Personal loans Real estate loans Deposits in savings banks Deposits subject to check . Cash on hand . Shares Deposits $5,367 75 880 11 1,133 05 131 09 . Guaranty fund Reserve fund Undivided earnings Current income . 102 56 53 43 $7,667 99 $7,667 99 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . . none . . 1 . 53 ... ... . 6 10 cents . Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 Rate of depositors of interest paid during Interest payable Feb. 1, year May 1, 48 3% . Aug. 1, Nov. Rent none ...... Advertising Other expenses . . . . . . $69 00 4 50 79 00 1. $152 50 Total Rate 7% Total Expenses for Year Deposits Number 145 1,073 of interest on loans, $3,656.96 at 6%. WINTHROP — PEOPLE'S CREDIT UNION Incorporated August 23, 1918. David Began business September 6, 1918 George Pinksohn, Treasurer Scott, President George Pinksohn, Clerk of Corporation Board of Directors: Joseph Adams, Moses Balkant, George Epstein, Nathan Ferar, Joseph D. Fogel, George J. Frank, Charles Levy*, Max Lippa*, George Pinksohn, Joseph G. Pransky, John T. Reese, Harry Rosenthal*, David Scott, A. S. Weinsteinf, William Wolfej. Meetings held at 157 Shirley Street. BALANCE SHEET, DECEMBER Assets 31, 1926 96 P.D. 8, Part IV. WINTHROP — WINTHROP CREDIT UNION Incorporated July 19, 1915. Began business July 28, 1915 Elmer E. Dawson, President Charles H. Holbrook, Treasurer Charles H. Holbrook, Clerk of Corporation Board of Directors: H. W. Aikenf, H. C. Bartlett, P. B. Churchill*, O. R. Countaway, E. E. Dawson, T. Donovanf, L. E. Griffin, H. R. Henderson*, C. H. Holbrook, R. A. Lang*, A. S. Smith, E. P. Whittierf. J. Meetings held at 192 Winthrop Street. BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Liabilities $2,786 2,050 1,050 545 24 . Real estate loans Deposits in savings banks Deposits subject to check Cash on hand . 94 20 Shares Deposits 11 Guaranty fund 59 Undivided earnings Current income 96 ... .... . . $6,457 80 Membership Number added during year Number withdrawn during year Number of members, Dee. 31, 1926 Number who are borrowers Amount of entrance fee . . 20 . . 12 . 79 ... ... . 31 . of depositors of interest paid during year Interest payable Feb. 1, Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 .... May 1, of interest Aug. 1, 1 . . . . . 00 960 7% 7% 25 cents Total Expenses for Year 13 5% . Rate 05 47 95 $6,457 80 Deposits Number Rate 21 58 01 $4,865 333 1,043 168 Nov. Salaries Other expenses ..... Total 1. $60 00 28 76 $88 76 on loans, $167.50 at 6%; $4,669.64 at 12%. WORCESTER — CENTRAL MASSACHUSETTS TELEPHONE WORKERS CREDIT UNION Incorporated November John J. 8, 1922. Began business November 8, 1922 James M. McHugh, Treasurer Moynihan, President Agnes Alexander, Clerk of Corporation Board of Directors: Agnes Alexander, Margaret Barry, Anna Coyle*, C. F. Donohue, Catherine C. Foley, Arthur Frostholm, F. G. Kyler, W. J. Hart, Cecelia Haire, Louise Harper, Nicholas Lamottef, Helen Leamey*, J. M. McHugh, J. L. Morley*, J. J. Moynihan, George Murphyf, Marie Newton, Stanley Parker, Thomas Sheehanf, Harold Simpson. Meetings held at 26 Mechanic Street. BALANCE SHEET, DECEMBER Assets Personal loans . 31, 1926 Liabilities P.D. 8, 97 Part IV. GRATON & KNIGHT EMPLOYEES' CREDIT UNION WORCESTER Incorporated January 5, 1925. Began business January 16, 1925 Samuel Paul H. Wilson, President Z. Cramer, Treasurer Clayton O. Martindale, Clerk of Corporation F. E. Barth, C. A. Bartlett*, P. D. Betterleyt, William Bishop, Jr.f, S. Z. Cramer, J. A. Dahlin, F. W. Goodrich, G. C. Hall, D. P. Harrower*, J. G. Kapowich, F. W. Kennedy*, C. O. Martindale, F. S. S. Parkerf, J. G. Skinner, F. H. Willard, L. T. Willard*, P. H. Wilson, C. O. Zimmerman*. Board of Directors: Meetings held at 356 Franklin Street. BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Liabilities $10,156 94 4,180 02 957 70 1,520 84 . Real estate loans Bonds Deposits subject to check $15,432 02 301 20 728 39 242 84 111 05 Shares Guaranty fund . Undivided earnings Current income Other liabilities $16,815 50 $16,815 50 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 188 98 . 406 179 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 25 cents 160 . 2,998 . 5% ...... Total Expenses for Year Salaries Other expenses . . . . of interest $100 00 84 03 $184 03 Total Rate . on loans, $7,174.42 at 6%; $7,162.54 at 8%. WORCESTER — LA CAISSE POPULAIRE DE WORCESTER CREDIT UNION Incorporated August 10, 1911. Began business August 25, 1911 H. Louis Rocheleau, Treasurer Exlore Metivier, President George E. Belisle, Clerk of Corporation Belisle, W. L. Bousquet*, E. A. Brodeur, Honorius Caronf, E. P. Dubois*, L. A. Dubois, C. E. Gosselinf, Dolord Hamel*, Exlore Metivier, H. L. Rocheleau, H. 0. Rocheleau"]", Eugene Board of Directors: G. E. Soly*. Meetings held at 112 Front Street. BALANCE SHEET, DECEMBER 1926 31, Assets Real estate loans ..... ..... Deposits subject to check Cash on hand Liabilities .... Personal loans . Other assets Expense, less current income . . . . $9,243 3,096 542 17 2 37 24 00 22 47 50 24 Shares Deposits $2,233 . Guaranty fund . Undivided earnings $12,938 67 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 18 8 . 255 60 25 cents Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 Total Expenses for Year .... Deposits Number Rate of depositors of interest paid during year Interest payable Jan. 1, Apr. 1, July 4 J^ . 1, Oct. 1. 96 Salaries % Other expenses Total P.D. 98 WORCESTER — M. S. 8, Part IV. WRIGHT COMPANY CREDIT UNION Incorporated July 19, 1921. Began business November 17, 1921 Henry E. Johnson, President Carroll C. Akeley, Treasurer Ruth H. Smith, Clerk of Corporation Board of Directors: C. C. Akeley, R. C. Brick*, Glenna O. Brittt, A. J. Duggan*, Gertrude L. Feltont, Fayette T. Fuller*, H. E. Johnson, C. E. Nystrom, Ruth H. Smith, C. M. Wright, E. S. Wrightf. Meetings held at 164 Fremont Street. BALANCE SHEET, DECEMBER 1926 31, Assets Personal loans Liabilities Bonds 504 663 565 22 Deposits in savings banks Deposits subject to check Cash on hand Shares Deposits $1,602 60 . . 05 92 $915 00 2,208 22 118 30 63 11 . Guaranty fund Undivided earnings Current income . 89 87 54 70 $3,359 33 $3,359 33 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 42 33 82 35 . Total Expenses for Year Miscellaneous expenses Deposits of depositors of interest paid during year Interest payable Feb. May 1, 1, 6% 25 cents Number Rate 20 183 12% 37 $30 55 4H% Aug. 1 Rate Nov. 1. of interest on loans, $1,602.60 at 8%. WORCESTER — NEW ENGLAND CREDIT UNION Incorporated March 23, 1912. Began business June 17, 1912 Joseph D. Rutman, President Idel Sack, Treasurer Louis Cohen, Clerk of Corporation of Directors: Saul Arickf, Meyer Cohanf, Louis Cohen*, Adam Corbin*, B. S. Cotton, Joseph Drelinger, Philip Kaufman*, L. Krintzman, David Mason, Nathan Nore, J. D. Rutman, Idel Sack, Louis Sneiderman, George Weisblattf, Samuel Ziskin. Board Meetings held at 94 Water Street. BALANCE SHEET, DECEMBER Assets Personal loans Deposits in savings banks Deposits subject to check Furniture and fixtures . . Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . Deposits of depositors Interest payable Nov. 1. 1926 Liabilities . . Number 31, $70,072 29 P.D. 8, 99 Part IV. WORCESTER — NORTON CREDIT UNION Incorporated October 28, 1925. Began business November 10, 1925 John T. Truelsen, Treasurer Bertram A. Hildebrant, President John R. Masters, Clerk of Corporation Board of Directors: W. I. Clarkt, D. C. Daniels, H. C. Dunbar, H. W. Dunbarf, J. E. Erickson*, D. M. Grady, Bernard Green, B. A. Hildebrant, W. B. Hombakerf, J. P. Johanson, J. R. Masters, W. T. Montague, C. D. Stalker*, P. J. Styffe*, J. T. Truelsen. Meetings held at New Bond Street. BALANCE SHEET, DECEMBER Assets 31, 1926 100 P.D. WORCESTER — SKANDIA Incorporated October 30, 1915. 8, Part IV. CREDIT UNION Began business January 1, 1916 George N. Jeppson, President Nils Bjork, Treasurer Carl B. Benson, Clerk of Corporation Board of Directors: C. B. Benson, A. M. Berg, Nils G. N. Jeppson, John Johnson, J. E. Linne, C. E. T. Rolander, P. J. Styffe*, Rudolf Sundin, Truelsen*, William Werme*. Meetings held Bjork, J. I. Forsbergf, William Forsberg, P. G. Holmes, E. Mattsonf, C. A. Nelsonf, J. G. Perman, F. J. Quist, Oscar Svenson, A. G. Swanson, Martin Swanson, J. F. at 387 Main Street. BALANCE SHEET, DECEMBER 31, 1926 Assets Liabilities Personal loans Real estate loans $33,856 685,084 391,676 58,269 3,793 100 104 300 . Bonds Deposits in savings banks Deposits subject to check Cash on hand . Other assets Furniture and fixtures 00 18 40 97 92 00 04 00 Shares Deposits $717,744 363,191 59,012 10,000 5,890 7,345 10,000 . Guaranty fund . Reserve fund Undivided earnings Current income Bills payable $1,173,184 51 Membership Number added during year Number withdrawn during vear Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . 137 95 . 2,093 . . . . . 509 . . $1 00 Rate . 1,086 Rate of . . 1, Apr. 61 95 00 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 500 143,548 6% 6% Total Expenses for Year of depositors of interest paid during year Interest payable Jan. 74 15 00 $1,173,184 51 Deposits Number 06 1, 4J^% . July 1, Oct. Other expenses $3,440 00 1,500 00 567 96 Total $5,507 96 Salaries Rent 1. on loans, $169,425.48 at 6%; $5,000 at 6J4%; $82,626.00 at 6J^%; $29,607.00 at 7%; $500 interest at 7i4%; $431,781.70 at 8%. WORCESTER — WORCESTER CREDIT UNION Incorporated June Nathan Nore, 5, 1911. Began business June 5, President 1911 Isaac I. Goldman, Treasurer Carl A. Ostroff, Clerk of Corporation Board of Directors: Albert Beeber*, David Cotzinf, I. I. Goldman, Solomon Goloboff*, Isaac Hoffmanf, Israel Jonas, Max Levine, Harry Lubarsky, Jacob Markow, Morris Morrinf, Nathan Nore, C. A. Ostroff, Julius Yanofsky*, Samuel Yarock, Hyman Zieve*. Meetings held at 50 Water Street. BALANCE SHEET, DECEMBER Assets Personal loans Real estate loans 54 50 00 26 1,921 87 Deposits in savings banks Deposits subject to check Furniture and fixtures $313,540 17 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . 31 17 1,362 613 25 cents Deposits Rate of depositors of interest paid during year Interest payable Oct. 31. 1926 ..... Liabilities $170,950 116,202 15,000 9,465 . Number 31, 1,110 6% Shares P.D. 8, 101 Part IV. WORCESTER — WORCESTER CENTRAL LABOR CREDIT UNION Began business August Incorporated July 17, 1915. 10, 1915 Walter F. Read, Treasurer Martin Tracy, President Walter F. Read, Clerk of Corporation Board of Directors: H. H. Bailey*, P. F. Goyle, D. A. Donovan, W. F. Grenier, E. H. Hanson, H. E. Hansonf, J. C. Largess, J. W. Mara*, W. F. Read, J. J. Reidyf, W. A. Rossley*, F. M. Salters, J. E. Scanlonf, G. E. Sutherland, Martin Tracy. Meetings held at 62 Madison Street. BALANCE SHEET, DECEMBER 31, 1926 Assets Liabilities $10,676 54 38,692 20 960 00 2,531 12 207 12 52 05 Personal lo'ans Real estate loans . Bonds Deposits in savings banks Deposits subject to check Cash on hand Furniture and . 285 08 fixtures Shares Deposits $31,031 39 20,830 31 . Guaranty fund Reserve fund Undivided earning Current income Other liabilities $53,404 11 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 74 9 . 519 201 Rate ... Mar. 1, June 1, Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 63 92 400 5,987 6% 5% Sept. ...... ...... Total Expenses for Year 74 -5% . 1, Dec. Salaries Rent Advertising Other expenses 1. . . . . . . . . . . $840 140 37 209 Total Rate 32 25 cents of depositors of interest paid during year Interest payable 61 $53,404 11 Deposits Number 93 672 704 100 63 . of interest, on loans, $5,009.22 at 6%; 00 00 24 92 $1,227 16 $44,359.52 at 7%. WORCESTER — WORCESTER INDEPENDENT WORKMEN'S CIRCLE CREDIT UNION Incorporated November 17, 1922. Began business November 18, 1922 Harry Snegg, Treasurer Morris H. Chase, President Louis Levey, Clerk of Corporation Board of Directors: M. H. Chase, Philip Cooper, Sam Epstein, Guershon Epstein*, M. D. Goldenbergt, Benjamin Goloboff, Sam Koritz, Louis Levey, Charles Meyerst, Louis Plotkin*, Sam Schwalbe*, H. I. Shapiro, Abe Silver, Isaac Silverman*, Bennie Smith*, Harry Snegg, Philip Wallackf. Meetings held at 102 Water Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities Personal loans Deposits in savings banks Deposits subject to check $93,506 3,593 7,070 100 . Cash on hand Furniture and 00 05 33 00 350 00 . fixtures Shares $98,393 99 5,362 10 Guaranty fund Undivided earnings Current income . 425 40 437 89 $104,619 38 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee 109 28 550 345 $1 00 . $104,619 38 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 . . . . . ...... ...... 400 18,673 8% 8% Total Expenses for Year Salaries Rent Advertising Other expenses . . Total Rate * Credit of interest Committee. on loans, $93,506.00 at 6%. t Auditing Committee. $1,720 00 372 00 20 00 594 29 $2,706 29 P.D. 102 Part IV. 8, WORCESTER — WORCESTER LITHUANIAN CREDIT UNION Incorporated May 20, 1926. Began business May 24, 1926 Mathew Alexander Budrevicz, President Cinsky, Treasurer Helen Lozoraitis, Clerk of Corporation • Board of Directors: Alexander Budrevicz, Mathew Cinsky, Peter Dedynas, William Degutis*, John Emcof, Joseph Glavickas, Anthony Janusonis, Anthony Jasaitis, Joseph Krasinskas, Anthony Kriancelis*, Helen Lozoraitis, Stanley Purvinskasf, Joseph Sootkoos, Stanislaus Wackellt, Joseph Zuromskis*. Meetings held at 340 Harding Street. BALANCE SHEET, DECEMBER 1926 31, Assets Liabilities $4,676 00 353 58 Personal loans Deposits subject to check . Shares Deposits $2,071 2,603 58 21 173 101 . Guaranty fund . Reserve fund Undivided earnings Current income $5,029 58 Membership Number of members, Dec. 31, Number who are borrowers Amount of entrance fee 1926 123 25 24 of depositors Interest payable Jan. 1, July 54 94 $5,029 58 Shares Largest number held by one member Number fully paid 38 408 25 cents Deposits Number 00 82 05 23 Total Expenses for Year Miscellaneous expenses $69 91 1. Rate of interest on loans, $4,676 at 6%. WORCESTER — WORCESTER POLISH CREDIT UNION Incorporated January 5, 1926. Began business January 13, 1926 Jacob Alexander Zmyslowski, President Harry J. S. Ciborowski, Treasurer Meleski, Clerk of Corporation Board of Directors: J. S. Ciborowski, Simon Kaletski, Victor Kaminski, Peter Kozlowski, Stephen Krukowski, Frank Krzinowek, H. J. Meleski, Stanislow Mieczkowskit, Thomas Nadolnyt, A. J. Recko*, William Richman, W. J. Waluk*, Stanley Wierzbickif, Prank Wonsowicz*, Alexander Zmyslowski. Meetings held at 59 Millbury Street. BALANCE SHEET, DECEMBER .... .... Assets Personal loans Deposits subject to check Cash on hand Furniture and fixtures . 31, 1926 Liabilities P.D. 8, Part IV. 103 WORCESTER — ZION Incorporated October 26, 1914. CREDIT UNION Began business January Samuel Davidson, President 4, 1915 William Klein, Treasurer Irving Weinstein, Clerk of Corporation Board of Directors: H. Boss, Carl Burwickf, B. S. Cotton, Samuel Davidson, F. Eisenberg*, L. Goldstein*, M. Gorfinkle, Samuel Grifff, P. Jaffee*, William Klein, A. Kumin*. S. Lewis*, Idel Sackf, Irving Weinstein, S. Yutan. Meetings held at 10 Waverly Street. BALANCE SHEET, DECEMBER 31, 1926 Assets Liabilities Personal loans Deposits subject to check $18,536 68 1,838 31 . Shares Guaranty fund . Undivided earnings Current income Other liabilities $20,374 99 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1926 Number who are borrowers Amount of entrance fee . 20 15 136 81 10 cents $20,374 99 Shares Largest number held by one member Number fully paid Rate of dividend, Nov., 1925 Rate of dividend, Nov., 1926 Total Expenses for Year Salaries Rent Other expenses Total Rate of interest on $19,020 12 600 50 128 87 302 35 323 15 loans, $18,536.68 at 6%. 270 3,804 8% 7% 104 P.D. 8, Part IV. GENERAL INDEX. Credit Credit Credit Credit Unions, Unions, Unions, Unions, ........... ........ ............ Abstracts of Annual Reports Alphabetically by Name . . . . . . . . General Remarks and Recommendations Tables of Statistics . . . i 104 iii viii Index to the Annual Reports {Alphabetically by Name] CREDIT UNIONS LOCATION Boston Amalgamated Credit Union . American Independent Credit Union Anderson Credit Union Associates Credit Union Augustov Credit Union Bay State Credit Union Beachmont Credit Union Beacon Hill Credit Union Benjamin Franklin Credit Union Berditchiver Credit Union Beverly Credit Union Beverly Investment Credit Union Blackman Credit Union Blake-Knowles Credit Union Blue Hill Neighborhood Credit Union Boston Independent Workmen's Circle Credit Union Boston Post Office Employees' Credit Union Boston & Maine R.R. Employees' Credit Union Bowdoin Credit Union Brighton Credit Union Broadway Credit Union Brockton Credit Union Brockton Gas Light Employees' Credit Union Brockton Independent Workmen's Circle Credit Union Brockton Postal Employees' Credit Union Cambridge Credit Union Cap, Hat and Millinery Workers' Credit Union Carmel Credit Union Center Credit Union Central Credit Union Central Massachusetts Telephone Workers' Credit Union Chaet and Bloom Credit Union Charlesbank Credit Union Chelsea Credit Union Chelsea Young Men's Credit Union Chestnut Credit Union Cigar Factory Employees' Credit Union City of Boston Employees' Credit Union City Credit Union Codman Credit Union Columbia Credit Union Commercial Credit Union Community Credit Union Congress Credit Union Cosmopolitan Credit Union Crawford Credit Union Crescent Credit Union Crossett Credit Union Cunningham Credit Union D. M. C. Credit Union Dorchester Credit Union East Cambridge Credit Union Eaton Credit Union Elm Credit Union Essex County Credit Union Everett Credit Union Fabyan Credit Union Fall River Doffers and Spinners (U. T. W.) Credit Union Fayston Credit Union Federal Credit Union . . . . . .... .... .... .... .... . ..... ..... ..... .... . . . . . PAGE 2 58 3 87 3 Chelsea Boston Revere Boston Chelsea . Revere Boston Chelsea . Boston Beverly Beverly Chelsea . . . Cambridge Boston Boston Boston Boston Boston Boston Cambridge Brockton Brockton Brockton Brockton Cambridge Boston . . Chelsea . Boston Cambridge 59 87 4 59 4 1 2 60 53 5 5 6 6 7 7 54 51 51 52 52 54 7 60 8 55 96 Worcester Boston Boston Chelsea Chelsea Chelsea Boston Boston Chelsea Boston Boston Boston Boston Chelsea . 63 Maiden . 80' . 8 9' . 61 61 . 62 . . 9 . 10 . 62 . 11 11 . 12 12 Boston Brockton Abington Boston 13 53 Framingham 70 14 55 1 13 Boston Cambridge Boston Cambridge Lawrence 56 Everett 68 . Boston Fall River Boston Boston 14 72 15. 69 15 IS P.D. 8, 105 Part IV. Filene Co-operative Association Credit Union Fitchburg Credit Union Fort Credit Union Franklin Aid Credit Union Friendship Credit Union Fur Workers Credit Union Geneva Credit Union Gilco Credit Union Graton & Knight Employees' Credit Union Greater Boston Public School Employees' Credit Hamilton Credit Union Hampden Credit Union Harold Credit Union Harry Rubin Credit Union Havelock Credit Union Haverhill Credit Union Herald-Traveller Employees' Credit Union Highland Credit Union Hillside Credit Union Holyoke Credit Union Homestead Credit Union Howard Credit Union Hub Credit Union Humboldt Credit Union Hygrade Credit Union Ideal Credit Union Independent Credit Union Independent Order Sons of Italy Credit Union Industrial Credit Union Intervale Credit Union Jamaica Plain Credit Union Jeanne d'Arc Credit Union Jewish Community Credit Union Jewish Workers' Credit Union Judaean Credit Union Kast Credit Union Kingsdale Credit Union King Solomon Credit Union Labor Circle Credit Union Labor Credit Union La Caisse Populaire de Lawrence Credit Union La Caisse Populaire (Credit Union) of Worcester Lawrence Credit Union Lawrence Modern Credit Union Lexington Credit Union Liberal Credit Union Liberty Credit Union Lord Beaconsfield Credit Union Lowell Bleachery Credit Union Lowell Credit Union Lynn Credit Union Lynn Postal District Employees' Credit Union Maiden Credit Union Mansfield Credit Union Marketmen's Credit Union Mascot Credit Union Massachusetts Carpenters' Credit Union Massachusetts Credit Union Mattapan Credit Union Metrogra Credit Union M. S. Wright Company Credit Union Mohliver Credit Union Morton Credit Union Mt. Bowdoin Credit Union Mutual Investment Credit Union Mystic Credit Union Neponset Credit Union LOCATION Boston . Fitchburg Chelsea . . . . Union . . . . . . . . . . . . New Bedford Gas and Edison Light Company Employees' Credit Union New Bedford Postal Employees' Credit Union New England Credit Union Northern Massachusetts Telephone Workers' Credit Union Norton Credit Union Notre Dame de Lourdes Credit Union Novograd Volinsk Credit Union Palestine Credit Union People's Credit Union . . Polish National Credit Union Ponedeler Credit Union Popular Credit Union Progress Credit Union Progressive Credit Union Progressive Workmen's Credit Union of Prospect Credit Union Puritan Credit Union Revere Credit Union Rockland Credit Union Roxbury Independent Credit Union Royal Credit Union Sacred Heart Credit Union . . . Boston Boston Boston Boston Boston Worcester Boston . Southbridge Boston Boston Boston Boston . . . Haverhill Boston . Lowell Boston Holyoke Boston Boston Boston Boston Salem . . . . . . Lowell Chelsea . Boston Boston Boston Boston . . Lowell Salem Springfield Chelsea . Boston Boston Boston . . . Lynn Chelsea . Lawrence Worcester Lawrence Lawrence Lexington Boston Boston Boston Lowell Lowell Lynn Lynn Maiden Mansfield Boston Boston Boston Boston Boston Boston Worcester Boston Boston Boston Maiden Chelsea East Walpole New Bedford New Bedford Worcester Lowell Worcester Lowell Boston Revere . Winthrop Chicopee Chelsea Peabody Boston Worcester Maiden Maiden . Cambridge Boston Revere Rockland Boston Boston New Bedford P.D. 106 NAME .... Safety Credit Union St. Anne Credit Union St. Jean Baptiste Parish Credit Union St. Joseph Credit Union St. Joseph's Credit Union of Waltham St. Mary's Parish Credit Union Salem Credit Union Shawmut Credit Union Shepard Stores Employees' Credit Union . . Sisterhood Credit Union Skandia Credit Union Social Service Credit Union Solidarity Credit Union Somerville Credit Union South End Credit Union . .... . LOCATION Maiden New . Bedford Lynn Salem Waltham Southern Massachusetts Telephone Workers' Credit Union Marlborough Salem Boston Boston Boston Worcester Boston Boston Cambridge Boston New Bedford Springfield, Mass., Post Office Employees' Credit Union Springfield Street Railway Employees' Credit Union Springfield Springfield Star Credit Union State Employees' Credit Union Stepin Credit Union Suffolk Credit Union Telephone Workers' Credit Union Tifereth Jacob Credit Union Tomashpol Credit Union Traders' Credit Union Union Park Credit Union Union Workers' Credit Union Boston Boston Boston Boston Boston Boston . . . . Boston Boston Boston University Credit Union Victory Credit Union Voliner Hebrew Credit Union Walnut Credit Union Walworth Credit Union Warren Credit Union Washington Credit Union Washington-Essex Credit Union Wellington Credit Union West End Credit Union Western Credit Union Western Massachusetts Telephone Workers' Credit Union West Lynn G. E. Employees' Credit Union Whitson Credit Union Winnisimmet Credit Union Winthrop Credit Union Woodrow Credit Union Worcester Central Labor Credit Union Worcester Credit Union Worcester Independent Workmen's Circle Credit Union Worcester Lithuanian Credit Union Worcester Polish Credit Union Workers' Credit Union Workmen's Circle Credit Union Zaslov Volin Credit Union Zion Credit Union _ . Chelsea United Electric Light Company Employees' Credit Union Unity Club Credit Union . . . . . . ... ... . . . . . . . . Springfield Boston Cambridge Boston Boston . . . Chelsea . Boston Boston Boston Boston Boston Boston Cambridge . . . Springfield Lynn Boston . Chelsea . . . Winthrop Boston . . . Worcester Worcester Worcester Worcester Worcester Fitchburg Boston Boston Worcester 8, Part IV. PAGE 82 85 79 90 95 83 91 37 37 38 100 38 39 57 39 86 92 93 40 40 41 41 42 42 66 43 43 44 93 44 57 45 45 67 46 46 47 47 48 48 58 94 80 49 67 96 49 101 100 101 102 102 70 50 50 103