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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