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Public Document No. 8 3ty? (Eiitttmflmuealilj nf UJaaaarijttHrtia ANNUAL REPORT OF THE Commissioner of Banks FOR THE Year ending December 31, 1930 PART IV RELATING TO CREDIT UNIONS Department of Banking and Insurance Publication of this Document approved by the Commission on Administration and Finance 400— 3-'31. Order 639 - 1 T rf~~:--~ C# \ JJ' Sty? Ghmtmnmtttafcitj nf Uftaaaartjuartta Office of the Commissioner of Banks, State House, Boston, January 21, 1931. To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court Assembled: The annual report of the Commissioner of Banks, required by General Laws, Chapter 167, section 9, is respectfully submitted herewith. The complete report covering the work of this department and containing statements of the institutions under its supervision and other statistical information will be submitted as heretofore at a later date. Consolidated Statement of Resources of All Institutions under Supervision of the missioner of Banks, October 31, 1930 x Com- Percentage of Increase Increase for Assets Year 1929 1930 ..... 196 Savings banks 99 Trust companies: 99 Commercial departments 84 Savings departments 60 Trust departments 227 Co-operative banks 3 Savings and loan associations Mass. Hospital Life Insurance Company 1 Foreign banking corporation, branch office 311 Credit unions 12 Persons, partnerships or corporations receiving deposits for safe-keeping (5) and transmission (7) $2,317,981,499 29 850 .... . ..... . . 152 National banks 4 . 512,437,689 241,024,497 866,970,807 562,462,764 4,753,110 36,456,435 1,892,762 14,885,551 3.26 $73,270,832 43 68 48 92 276,888,237 11,059,232 134,734,993 18,807,765 261,243 439,398 376,828 1,267,147 17 21 40 03 93 2 34 62 33 2 3.51. 2.71 35.08 4.392 2.15 20.22 18.40 5.33 3.46 5.82 8.00 1.19 2 .41 16.602 40.94 7.842 11.50 2 10 84 50 2 78,004 30 2 3.43 2 20.50 $4,561,064,297 62 $63,034,013 98 2 1.362 5.84 $1,810,347,000 00 $206,976,000 00 63 85 2,199,178 99 3 2 2 12.91 2 2.72 Figures of trust companies and national banks as of September 24, 1930; co-operative banks as of the October business; credit unions as of June 30, 1930. 3 Decrease. 3 Assets of those receiving deposits for safe-keeping are shown herewith in so far as they are within the provisions of General Laws, Chapter 169. * Not under supervision of State Banking Department. Figures included to show total banking assets of the Commonwealth. 1 close of Credit Unions On December 31, 1930, there were 309 credit unions in operation, an increase of ten during the year, thirty-one having commenced business and twenty-one having voluntarily liquidated. On June 30, 1930, the date of the last available report, the credit unions showed a decrease in aggregate assets of $1,267,148 and a decrease in the number of members of 2,960. Both these decreases were caused by the fact that the Skandia Credit Union, Worcester, with assets of approximately $1,408,000 and a membership of 2,090, liquidated for the purpose of organizing a trust company. Eliminating the Skandia Credit Union from consideration the aggregate assets show an increase of $140,969 and a decrease of 870 in membership. While the prevailing economic depression has prevented the credit unions from making their normal growth it has demonstrated their ability to render effective service in the face of adverse conditions. P.D. 11 8, Part IV. Comparative Statement June Number 30, 1930 .... of credit unions Dec. 31, 1929 June 29, 1929 311 299 299 $5,799,379 71 1,725,741 09 $5,523,908 39 1,994,457 54 $5,495,701 56 1,685,115 39 Assets Personal loans: ..... ..... ..... Unsecured Secured Real estate loans: First mortgages Second mortgages Bonds 2,595,611 08 1,790,816 35 687,936 44 Real estate by foreclosure Furniture and fixtures Co-operative bank shares Deposits in savings banks Due from banks subject to check 408,294 52,431 431,973 588,808 678,340 57,880 68,338 . ..... Cash Other assets 04 25 55 70 19 96 49 $14,885,551 85 2,882,139 2,228,443 1,406,322 328,087 88,490 418,991 622,301 561,058 70,873 28,446 43 67 60 38 34 64 97 59 05 21 $16,153,520 81 2,757,118 2,311,377 1,402,356 258,557 59,235 495,617 725,515 775,441 137,473 49,189 05 90 36 84 69 14 79 14 86 13 $16,152,699 35 Liabt lities Shares Deposits $9,432,352 3,954,169 684,507 60,418 331,764 291,477 93,700 37,161 Guaranty fund Reserve fund Undivided earnings Current income Bills payable Other liabilities 75 16 68 21 67 41 00 97 $10,261,959 4,296,253 741,771 48,914 342,723 109,658 293,883 58,355 90 36 69 09 94 55 77 51 $10,365,395 4,319,986 655,008 62,002 314,691 331,717 76,188 27,709 84 18 23 07 96 74 13 20 $14,885,551 85 $16,153,520 81 $16,152,699 35 101,681 54,257 30,366 107,044 52,853 32,455 104,641 50,164 29,897 ..... ..... Miscellaneous Number Number Number of members of borrowers of depositors Credit Unions which - commenced Business between January 1, 1980, and December 81, 1980, inclusive Date Business Name Commenced Jan. Jan. Jan. Jan. Jan. 6, 13, 13, 14, 21, 12, 13, 18, 18, Feb. Feb. Feb. Feb. Mar. Mar. Mar. Mar. Mar. 1, 1, 14, 15, 28, Apr. 12, Apr. 28, May May May 23, June June June 12, 16, 26, 1, 1, July 1, July 26, July 26, July 30, Oct. Oct. 3, Nov. 5, 1, Dec. 2, Dec. 23, 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 1930 Location Fields Corner Credit Union Everett Citizens' League Credit Union Howes Credit Union Wolf Post Associates Credit Union Bellevue Credit Union Boston Progressive Credit Union G. R. Credit Union Barbourwelt Credit Union Oxford-Print Credit Union Fall River Municipal Employees' Credit Union Howco Credit Union Treasure Credit Union Fountain Credit Union L. M. A. Credit Union. Barter Associates Credit Union Boston Railway Mail Employees' Credit Union Condit Credit Union G. T. & D. Credit Union Springfield Franco-American Credit Union Globe Credit Union One Hundred Summer Street Credit Union S. & M. Credit Union Slater Mills Credit Union Athol Credit Union Suomi Credit Union American Credit Union Lewis Credit Union Krystallene Credit Union Hunt-Spiller Credit Union Somerset Credit Union Holyoke Municipal Employees' Credit Union ..... . . . .... .... .... ..... .... .... .... ..... .... ..... .... ..... ..... .... ..... .... .... .... . . . Boston. Everett. Boston. Boston. Boston. Boston. Cambridge. Brockton. Boston. Fall River. Boston. Greenfield. Framingham. Ludlow. Winthrop. Boston. Boston. Greenfield. Springfield. Boston. BostonBoston. Webster. Athol. Worcester. Lawrence. Walpole. Holyoke. Boston. Somerville. Holyoke. Legislation Enacted Chap. 100. An act permitting directors of credit unions to borrow under certain restrictions. Chap. 180. An act to establish a fee for the examination of credit unions. P.D. 8, Part IV. iii Credit Unions in Voluntary Liquidation Abraham Frank Credit Union, Maiden. Abraham Lincoln Credit Union, Boston. 1 ^ Beachmont Credit Union, Revere. 1 Blackman Credit Union, Chelsea. 1 Boston Independent Workmen's Circle Credit Union, Boston. 1 Brockton Independent Workman's Circle Credit Union, Brockton. Brookline-Brighton Credit Union, Boston. Bryant Credit Union, Maiden. Cap, Hat and Millinery Workers' Credit Union, Boston. 1 Castle Credit Union, Boston. 2 Chelsea Alliance Credit Union, Chelsea. 1 Chelsea Young Men's Credit Union, Chelsea. City Credit Union, Chelsea. 1 Commonwealth Credit Union, Boston. 2 Community Credit Union, Boston. Crossett Credit Union, Abington. Davis Square Credit Union, Somerville. 1 East Boston Credit Union, Boston. Fort Credit Union, Chelsea. 1 -2 Hampden Credit Union, Boston. Love of Peace Credit Union, Pittsfield. 1 Maverick Credit Union, Chelsea. 1 Morton Credit Union, Boston. Mystic Credit Union, Chelsea. 1 - 2 Navy Employees' Credit Union, Boston. 2 New England Credit Union, Worcester. Novelty Credit Union, Boston. Palace Credit Union, Boston. Pittsfield Hebrew Credit Union, Pittsfield. 1 Progressive Credit Union, Worcester. Schoolhouse Custodians' Credit Union, Boston. 1 -2 Sisters Social Credit Union, Boston. 1 Skandia Credit Union, Worcester. 1 - 2 Stepin Credit Union, Boston. 1 Stratton Credit Union, Boston. Talbot Credit Union, Boston. 1 Taunton Credit Union, Taunton. 2 Thirteen Associates Credit Union, Boston. 2 Tomashpol Credit Union, Chelsea. Traders Credit Union, Boston. Waltham Credit Union, Waltham. 1 - 2 Workmen's Circle Credit Union, Boston. 1 Zagerer Credit Union, Boston. 2 Zion Credit Union, Worcester. 1 i Commenced 2 Completed liquidation during the year. liquidation during the year. Respectfully submitted, ARTHUR GUY, Commissioner of Banks. P.D. iv 8, Part IV. STATEMENTS RELATING TO CREDIT UNIONS INDEX STATEMENT NUMBER 1. .... Aggregate statement of condition, December 31, 1930 2. Profit and loss 3. Statistics relative to membership 4. Operating expenses . 5. Dividends on shares 6. Interest paid on deposits . receipts and disbursements . 7. Sundry 8. Total loans at each specified rate of interest 9. Principal assets and liabilities of credit unions — 309 credit unions iv v v v vi vii vii viii from 1911 to 1930, inclusive ix STATEMENT No. 1 Aggregate Statement of Condition of All Credit Unions Assets Number of credit unions Personal loans: .... .... Unsecured Secured Real estate loans: First mortgages Second mortgages . Bonds . . . . Shares in co-operative banks Deposits in savings banks Due from other banks Furniture and fixtures . Real estate by foreclosure Cash Other assets .... . Dec. 31, 1930 Dec. 31, 1929 1930 1930 309 299 Increase Decrease $5,830,391 22 1,766,682 61 $5,523,908 39 1,994,457 54 2,568,186 08 1,695,945 39 662,101 34 432,442 79 569,648 57 503,924 50 49,667 61 413,802 16 74,894 89 40,511 85 $14,608,199 01 Total assets 2,882,139 2,228,443 1,406,322 418,991 622,301 519,558 88,490 328,087 112,373 28,446 43 67 60 64 97 59 34 38 05 ..... . . Guaranty fund . . .... .... Reserve fund Undivided earnings . Interest, fines, etc., less expenses and interest paid . payable Other liabilities Bills Total liabilities . $9,197,358 3,855,046 781,481 68,996 345,889 73 23 84 33 72 $227,774 93 - 313,953 35 532,498 28 744,221 26 13,451 15 — - 85,714 78 — 12,065 64 $16,153,520 81 $417,714 40 $10,261,959 4,296,253 741,771 48,914 342,723 90 36 69 09 94 - - 21 Liabilities Shares Deposits $306,488 83 $39,710 15 20,082 24 3,165 78 - 104,705 33 185,900 00 68,820 83 109,658 55 293,883 77 58,355 51 10,465 32 $14,608,199 01 $16,153,520 81 $73,423 49 - 52,653 40 15,634 09 38,822 73 - 37,478 16 - $1,963,036 20 $1,064,601 17 441,207 13 — - 4,953 22 107,983 77 - $1,618,745 29 P.D. 8, Part IV. STATEMENT No. 2 Profit and Loss, Year Ending October To guaranty fund $126,190 79 347,082 18 173,935 10 Expense Interest paid on deposits Furniture and fixtures 14,074 1,168 165 24,699 454,800 12,465 115,184 . . ' . . Miscellaneous To undivided earnings 1930 Credits Debits Cash shorts Loss on sale of investments To reserve fund Dividends on shares 31, . . .... Interest Fines 69 Loan fees Cash overs Profit on sale 00 90 From reserve fund From undivided earnings 38 97 Miscellaneous 19 of investments 3,515 5,310 24,182 10,818 71 $1,269,766 91 STATEMENT Statistics Relative to No. 3 Membership Year Ending December 31, 1930 ...... ..... of members added of members withdrawn of members, December 31 of borrowers, December 31 of depositors, December 31 429 46 69 34 87 33 . $1,269,766 91 Number Number Number Number Number $1,163,648 62 49,618 56 12,243 04 23,246 16,561 113,729 55,579 28,926 . Year Ending December 31, 1929 24,749 16,107 107,044 52,853 32,455 STATEMENT No. 4 Operating Expenses Year Ending Classification Dec. Amount Salaries ........ .......... Rent Other expenses Total . . . . 31, 1930 Dec. 31, 1929 Cost for Each Cost for Each $1,000 of Assets $1,000 of Assets $221,931 15 42,417 96 92,396 31 $15 19 2 90 6 33 $12 63 2 64 5 90 $356,745 42 $24 42 $21 17 VI P.D. 8, Part IV. STATEMENT No. 5 Dividends on Shares Number of Credit Unions Paying at Each Rate Rate Per Cent 1930 1929 1928 1927 1926 59 43 52 56 117 1 1 — 1.3 1H 1 — 1 — _ 3 - - — _ - — — — - - 2 1 - - 1 3 1 1 13 4K - 7 1 4 - 4.25 1 — - — - 2 2.2 2.5 2.75 3 3.5 — 4 - 4.3 4.5 3 4.75 1 - 4.8 415/16 22 — 5 5.13 5.25 5.375 — 5.5 5.75 6* 1 1 - — - — 1 6 1 1 — _ 10 3 1 1 82 52 57 — - — - — - 1 1 — 3 1 1 _ _ _ 5 7 10 6 — _ - — _ - 5 2 _ _ 1 _ 1 1 - 1 - - 46 33 23 20 — - — - 1 1 _ - _ _ — 1 23 _ _ _ _ _ 2 _ 4 _ _ _ 1 16 1 - 5 6 4 4 1 1 1 _ - - - - - 36 - 25 - _ _ _ _ _ _ 15 19 11 1 - 2 2 1 - - 1 _ — - 10 _ - 6 3 5 4 — — - 9 - — - 14 33 1 1 1 1 1 _ — - 7.68 7.75 - — 1 2 2 - 71 106 108 102 29 — — — — — 16 1 _ _ _ 1 _ _ 1 - 25$ 30 40 34 - — - 12.5 1 _ _ _ _ — - 25 _ _ 1 — 8.5 _ _ _ 1922 - 2 9 10 10.5 12 15 1923 - 7.2 7.4 7.5 7.6 8.25 1924 - — — - 8t 1 5 3 13 1 _ _ — 18 1 8 — _ _ - - - 1 7^ 3 - - 6 29 7.1 1 - - - 6.75 7 7.09 4 — 1 1 6.4 6.5 6.6 2 7 — 6.08 6.375 1 — _ _ _ _ _ - 1925 _ — 1 — _ - _ - - — 1 1 - - 1 1 - - - - 1 20 1 — 1 — _ — — _ 11 - 1 _ — _ — — _ _ — - 1 _ — _ - 6 1 _ 1 - 1 1 3 4 — _ _ — — _ 1 _ - 9 5 1 1 1 _ - _ - I _ 1 — — 309 299 296 279 205 86 89 90 86 6.53 6.85 6.88 6.83 6.50 6.55 5.64 4.71 4.22 Totals Average rate * t One Credit Union paid One Credit Union paid t Special 3% 5% extra dividend for six months, extra dividend for six months. dividend from surplus. P.D. 8, Part IV. vii STATEMENT No. 6 Interest Paid on Deposits Number of Credit Unions Paying at Each Rate Rate Per Cent 1930 1929 1928 1927 1926 19 22 21 17 19 - ~ 1 1 2 1 2.5 _ 3 1 1 3.5 1 1 5 4 4.25 ±*A 4.5 4.75 *7 5 5.25 A : 2 5 5 - 1 — 1 10 9 2 — 46 - 1 43 1 - 1 6 4 6 1 2 2 1 - - 5 7 • 3 - - 9 14 15 16 16 15 15 31 — 21 _ 22 _ 23 17 1 1 1 - - 2 18 2 1 20 14 1 43 1 _ 1 36 - - - — _ — - 1 1 1 — - 27 21 — — - — - * 114 195 120 179 107 189 104 175 93 112 Totals 309 299 296 279 4.28 4.20 4.13 4.37 8 1 - 24 Totals 21 - 3 1 7 - - — 1 5 1 29 7V2 1922 - 3 25 6 7 1923 - 1 5.5 1924 7 1 1 1 - 5*/s 1925 1 — — — 3 18 — — 1 1 — _ 1 — - — 74 12 74 15 76 75 14 11 205 86 89 90 86 4.05 3.90 3.89 3.90 3.16 Average rate * Credit Unions having no deposits. STATEMENT No. 7 Sundry Receipts and Disbursements Loans .... .... .... Balance, Dec. 31, 1929 Made Total Repaid Balance, Dec. 31, 1930 Shabes . . $12,628,949 03 15,673,997 99 Balance, Dec. 31, 1929 Added Dividends added . . . $28,302,947 02 16,441,741 72 Withdrawn .$14,221,419 01 5,024,060 28 Balance, Dec. 31, 1930 . Total . . $11,861,205 30 Investments ..... Balance, Dec. 31, 1929 Purchased $9,197,358 73 Detosits $1,825,314 24 239,470 97 $2,064,785 21 970,241 08 Balance, Dec. 31, 1930 $1,094,544 13 .... Balance, Dec. 31, 1929 Added Interest Sold Total .$10,261,959 90 3,623,305 44 336,153 67 . added . . . Total Withdrawn Balance, Dec. 31, 1930 . . $4,296,253 36 3,077,558 08 201,496 71 $7,575,308 15 3,720,261 92 $3,855,046 23 P.D. viii STATEMENT 8, Part IV. No. 8 Total Loans of Credit Unions on December 31, each Specified 1930, at •Rate of Interest Real Estate Loans FIRST MORTGAGES Rate Per Cent Number 7 2,869 $193 261 638 418,875 114 27,156 1,274 7,838 19,643 3,715,199 174,852 1,134,703 8 12,311 9 10 76 481 489 12 1,585 1,729,913 46,225 51,309 134,678 170,579 2 3 4 5 5H 6 6^ 7 7K m 10 1 - 54,211 " 80 00 25 81 41 23 71 77 — 6 917 13 77 - Number — $17,576 2,221,676 21,952 279,793 - 64 52 15 73 38 00 19 16,160 75 27 6 5 8,241 29 2,785 00 85- - - $7,597,073 83 1,043 6.80% Amount — — - 35 Average rate Number Amount SECOND MORTGAGES " - - $2,568,186 08 6.13% Amount — — - — 187 3 389 9 412 17 69 200 17 1,303 *— $288,069 37,552 403,690 8,696 563,501 16,707 112,076 245,936 19,715 94 50 29 47 01 00 60 33 25 $1,695,945 39 7.79% P.D. 8, Part IV. 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ATHOL — ATHOL CREDIT UNION Incorporated July Joseph S. 7, Began business July 1930. 1930 26, Parker B. Kimball, Treasurer Wilcox, President John E. Webster, Clerk of Corporation W. Bachelder, M. M. Dayt, E. T. Fredette, G. H. Hadley, E. W. Haskins*. A. E. Hastings*, P. B. Kimball, A. W. Plotkin*, C. D. Portef, F. A. Reynolds, T. E. Schmidt, A. H. Starrett, J. E. Webster, F. E. Wilcockf, J. S. Wilcox. Board of Directors: C. Meetings held at 456 Main Street. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Personal loans: Unsecured $3,358 79 .... .... . . ..... Shares Guaranty fund Undivided earnings Net current income 373 00 96 00 60 00 167 99 230 16 Secured Real estate loans: 1st mortgages Deposits in savings banks Deposits subject to check Cash on hand Other assets Furniture and fixtures Other $4,187 15 49 70 41 28 86 73 4 75 . . liabilities 9 17 74 50 $4,369 61 $4,369 61 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 145 4 141 57 25 cents . Dividends 1930 6% of dividend, Nov., ..... ..... Total Expenses for Year Salaries Rent $109 81 Other expenses Rate BEVERLY . of interest — $109 81 Total on loans: $3,827.79 at 6%. BEVERLY CREDIT UNION Incorporated February 20, 1917. Began business March 8, 1917 Walter George A. Gove, President Walter - S. Flint, Treasurer Corporation S. Flint, Clerk of Board of Directors: Edward Dunt, Etta V. Flint*, W. S. Flint, G. A. Govef, R. H. Gove, U. G. Haskell, C. B. Hoodf, F. I. Lamasney, W. W. Laws*, W. M. Shay*, J. B. Silverio, L. S. Smithf, B. F. Swasey, R. E. Thierfelder. Meetings held at 170 Cabot Street. STATEMENT OF CONDITION, DECEMBER Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 1st mortgages 2nd mortgages Bonds Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand 31, 1930 . .... . $9,781 3,642 13,680 36,943 10,874 6,976 15,000 ..... 05 Shares 34 66 21 36 15 Guaranty fund Undivided earnings Net current income Other . . liabilities 00 463 72 229 66 . $80,796 7,642 8,336 812 2 1 $97,591 15 $97,591 15 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 89 170 580 233 . 25 cents Rate of dividend, ..... ..... Total Expenses for Year Salaries Other expenses Total of interest on loans: $650.00 at 6%; * Credit Committee. 3% 3% May, 1930 Nov., 1930 Rent Rate 56 69 53 62 75 $4,540.( 30 at .... . 6}^%; $11,575.21 at 7%; $47,282 05 t Auditing Committee. $1,248 00 420 00 495 21 $2,163 21 at 8^0- P.D. 2 BEVERLY — BEVERLY INVESTMENT CREDIT UNION Incorporated December Israel 2, 1913. Began business December 2, Part IV. 1913 Hyman Chansky, President 8, S. Starr, Treasure) B. Frederick Yoffa, Clerk of Corporation Board of Directors: Israel Chansky, Ury Dinermanf, Morris Dollin, Louis Gershawf, L. M. Goldberg, Harrj Gordon*, Samuel Kanter, Morris Katz*, Jacob Rubenstein, Samuel Silver*, H. S. Starr, Joseph Toll Max Tollt, A. D. Yaffa, B. F. Yoffa. Meetings held at 31 Bow Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures Personal loans Liabilities $35,355 7,303 576 2,364 154 : . . ..... 00 00 Shares Deposits 79 43 65 Guaranty fund Undivided earnings Net current income . . . . . . $45,753 87 $45,753 87 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 30 $11,537 0( 29,463 5€ 4,076 8C 349 21 327 2C Rate Dividends 1930 8% of dividend, Nov., 9 . 203 129 $2 00 ..... ..... Total Expenses for Year Salaries Rent Deposits Number 128 of depositors Rate of interest paid during year Interest payable Mar. 1, June 1, Sept. 1, Dec. Ra te Other expenses 6% Total 1. of interest $1,018 OC 180 0C 205 42 .... $1,403 42 on loans: $42,658.00 at 5%. BOSTON— AMERICAN CHAPELS CREDIT UNION Incorporated April 30, 1927. Began business June 1927 6, Harold Richard F. Doyle, President Henry E. J. Downey, Treasurer Harris, Clerk of Corporation Board of Directors: J. D. Coombs*, H. J. Downey, R. F. Doyle, Daniel Dwyer, Robert Goodhue, W. F. Hankinsonf, H. E. Harris, R. T. Keenan*, J. H. McGamgantf, John Nugent, B. J. Reehle*. C. H. Schloth, E. J. Sullivanf, Joseph Teaffe, J. A. Watts. Meetings held at 5 Winthrop Square. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Liabilities 5,793 77 978 50 308 00 635 48 , . Shares Deposits $6,280 OC 54 OC 196 1C 32 23 147 67; . Guaranty fund Undivided earnings Net current income Other liabilities : 5 7£: 2,000 OC payable Bills $8,715 75 Membership $8,715 75 $410 212 OC $622 15 Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 70 27 195 136 . Rate of dividend, none paid Total Expenses for Year 25 cents Salaries Rent Deposits Number of depositors Rate of interest paid during year Interest payable June 1, Dec. 1. 6 U Other expenses none Total Rate of interest on loans: $7,772.27 at 7%. BOSTON — ATLAS CREDIT UNION Incorporated June 1, 1927. Began business June 1, 1927 Samuel Brockman, Treasurer William H. Cohen, President Samuel Brockman, Clerk of Corporation Board of Directors: Murray Brockman*, Samuel Brockman*, Arthur Cohen*, W. H. Cohen, R. H. Garfinklet. Max Gelford, B. M. Riesmanf, Henry Kawadler, L. M. Silversteint, M. P. Silverstein*, Charles Supovitz. Meetings held at 27 Washington Street (Dorchester District). * Credit Committee. t Auditing Committee. ' P.D. 8, Part IV. STATEMENT OF CONDITION, DECEMBER Assets Liabilities Personal loans: Unsecured Secured Deposits subject to check 31, 1930 . ..... Shares $1,480 50 1,553 50 710 75 .... Guaranty fund Reserve fund Undivided earnings Net current income . . $3,744 75 222 50 40 53 89 99 18 73 $3,744 75 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 8 of dividend, 68 43 $1 00 '. ..... Total Expenses for Year Salaries Rent . . Other expenses Total Rate of interest 3% 4% May, 1930 Nov., 1930 12 . ! $3,373 00 . • . .... $90 00 72 00 93 76 $255 76 on loans: $3,034.00 at 8%. BOSTON — AUGUSTOV CREDIT UNION Began business Incorporated April 23, 1915. May 25, 1915 Barney Schlossberg, Treasurer Charles Schemnitz, President Meyer Goldberg, Clerk of Corporation Board of Directors: Joseph Berman*, Joseph Dorfman, Isaac Goldberg*, Meyer Goldberg, H. L. Oshryf, Samuel Rubin*, Charles Schemnitz, Barney Schlossberg, Jacob Shapiro, Samuel Singerf. Samuel Sternf. Meetings held at 320 Blue Hill Avenue (Roxbury District). STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Shares 1,527 75 . 1,386 84 Guaranty fund Reserve fund 627 80 161 03 200 00 20 85 Secured Deposits subject to check assets Other Expense, less current income 808 55 342 04 $5,537 43 $5,537 43 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 5 44 100 45 $2 00 . of dividend, none paid Total Expenses for Year $200 00 72 00 118 83 Salaries Rent Other expenses $390 83 Total Rate of interest BOSTON on loans: — AWUE Incorporated June 30, 1928. ;5,155.55 at 8%. CREDIT UNION Began business August 11, 1928 Max John E. Grinsell, President L. Cohen, Treasurer Alfred E. Obery, Clerk of Corporation Brunmark*, M. L. Cohen, F. L. Green, J. E. Grinsell*, J. R. Hennessey, H. T. MacAuley*. W. K. Nelsonf, A. E. Obery, J. J. O'Hara, H. E. Stickneyf, Margery A. Whitef. \Soard of Directors: J. R. Jones, A. A. Meetings held at 169 Congress Street. STATEMENT OF CONDITION, DECEMBER Personal loans: Unsecured 19,130 10 1,615 00 Secured i Deposits in savings banks Deposits subject to check jUash on hand 31, 1930 Liabilities Assets 523 65 788 18 668 10 . . . 11,483 92 Shares Guaranty fund Undivided earnings Net current income Other liabilities $22,725 03 $22,725 03 * Credit Committee. 479 91 543 80 211 65 5 75 t Auditing Committee. P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 113 83 384 264 . 25 cents 8, 6% Total Expenses for Year $870 00 Salaries Rent Other expenses 110 35 Total Rate of interest Part IV. Dividends Rate of dividend, Nov., 1930 on loans: $980 35 20,745.10 at 6%. BOSTON — BEACON HILL CREDIT UNION Incorporated May 1921. 6, Began business June 20, 1921 William Goldberg, Treasurer Louis Spitzberg, President William Goldberg, Clerk of Corporation Board of Directors: William Aronoff, D. C. Baker, Samuel Bongarten, Jack Clarkf. David Cooperf, David Epstein, William Goldberg, Samuel Goldsmith, Louis Graiver, Harry Kuppersmith, Louis Porter, Harry Rise, Harry Robkin, Israel Rossman, C. M. Rubinf, Louis Sayers, Samuel Sniderman*, Jacob Silver*, Louis Spitzberg, Isaac Tatelman*, Albert Udin. Meetings held at 79 Cambridge Street. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities $31,274 27 6,634 46 50,421 61 2,944 03 10 00 2,171 75 2 93 31,933 68 125 45 Personal loans: Unsecured Secured Real estate loans: 2nd mortgages Deposits subject to check Cash on hand .... .... . Furniture and fixtures Other assets Real estate by foreclosure Expense, less current income . ..... ..... Shares Deposits .... Guaranty fund Reserve fund Undivided earnings Other $85,015 15,375 7,317 3,924 12,053 . liabilities $125,518 18 Dividends 47 739 894 263 . Rate of dividend, Total Expenses for Year Rent Deposits Number 36 of depositors of interest paid during Other expenses none year May 1, Aug. L, Rate c f Nov. none paid ..... ..... 50 cents Salaries 1, • * Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Interest payable Feb. 12 05 81 1,832 25 $125,518 18 Rate 03 92 Total 1. interest on loa ns: $3,555 00 821 29 J 1,829 69 .... $88,330.34 at $6,205 98 ! 6%. i BOSTON — BELLEVUE CREDIT UNION Incorporated November 5, 1929. Began business January 21, 1930. William L. Hogarty, Treasurer Daniel F. Ryan, President Joseph Schneider, Clerk of Corporation Board of Directors: Irving Black, Jr.*, J. P. Canty, Gerald Coughlan, J. F. Delaney, E. J. Devenney, Harold Duffyf, J. P. Englertf, D. C. Ganak, John Genter, H. H. Golding, Patrick Kelliherf, W. L. Hogarty* A. J. Mahoney, F. A. Mahoney, Harry Parad, D. F. Ryan*, Thomas Russo, Joseph Schneider*, J. T. Towhill*. (2 vacancies.) Meetings held at 321 Belgrade Avenue. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Deposits subject to check Furniture and fixtures . 31, 1930 Liabilities $10,118 74 1,166 50 62 50 Shares Deposits .... .... Guaranty fund Undivided earnings Net current income Other . . liabilities $11,347 74 * Credit Committee. . $10,754 100 188 144 147 62 00 05 41 66 13 00 $11,347 74 t Auditing Committee. P.D. 8, Part IV. Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 104 Rate of dividend, Nov., 1930 1 . 103 58 $1 00 ...... ...... .... Total Expenses for Year Salaries Rent Deposits Number Rate of depositors of interest paid during May Interest payable 1, 1 Nov. $75 00 270 00 161 48 $506 48 Total 1. Rate Other expenses None year 4% 4% May, 1930 on loans: $9,199.74 at 7%; $919.00 at 8%. of interest BOSTON — BERDITCHIVER CREDIT UNION Incorporated December 6, 1926. Began business December 1926 14, Harry Kesselman, President Joseph Grosser, Treasurer Saul Goldberg, Clerk of Corporation Board of Directors: Morris Forman, Saul Goldberg")", Samuel Goldstein*, Louis Gooberf, Joseph Grosser, Louis Katz, Harry Kesselman, Louis Kramer, Bernard Kruminsky, Rubin Miller, Jennie Needel, Samuel Orenberg*, Charles Palter, Samuel Rosenblatt*, William WolfetMeetings held at 92 Leverett Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans Liabilities $7,339 46 1,406 00 478 52 90 17 Unsecured : Secured Deposits subject to check .... Other assets 31, 1930 . ..... Shares Other $8,437 39 546 23 155 90 157 63 17 00 .... Guaranty fund Reserve fund Net current income . liabilities $9,314 15 $9,314 15 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 17 Rate of dividend, 30 . of interest ..... ..... Total Expenses for Year Other expenses $348 00 69 00 45 69 Total $462 69 Salaries Rent Rate 3% Nov., 1930 147 88 $1 00 3^% May, 1930 on loans: $8,745.46 at 8%. BOSTON — BLUE HILL NEIGHBORHOOD CREDIT UNION Incorporated January Abraham Rosen, 3, 1921. Began business January 3, 1921 Nathan President J. Golden, Treasurer Joseph G. Kofman, Clerk of Corporation Board of Directors: William Aronoff, S. J. Ash, Nathan Braunstein, Jacob Brickman, S. S. Dushan, Isaac Fishman, Max Gelles, Harry Gerber, N. J. Golden, B. E. Gordonf, C. H. Greenf, M. A. Idelsonf, Joseph Keshen, J. G. Kofman, Morris Mappen*, Abraham Rosen, Benjamin Rosenblum*, Nathan Rotberg*, M. E. Schneider, William Siegle, Max Ulin. Meetings held at 1151 Blue Hill Avenue (Dorchester District). STATEMENT OF CONDITION, DECEMBER Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 1st mortgages 2nd mortgages Bonds Co-operative bank shares Deposits subject to check Cash on hand . Other assets Furniture and fixtures Real estate by foreclosure 31, 1930 $134,840 210,904 132,085 142,565 76 76 15 65 12,118 06 6,860 80 35,195 87 2,000 00 13,924 96 3,121 55 27,382 49 Shares Deposits . Guaranty fund Undivided earnings Net current income Committee. 99 51 21 69 65 $721,000 05 $721,000 05 * Credit $534,035 150,509 31,462 442 4,549 t Auditing Committee. 6 P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 941 547 . 4,160 2,097 $1 00 of depositors Rate of interest paid during year Interest payable Feb. 1, 1, Aug. 1, May Rate 647 Total 1. of interest $7,759 80 2,072 15 5,643 28 Other expenses 6% Nov. 6% Total Expenses for Year Rent Number Part IV. ...... .... .... Salaries Deposits 8, Dividends Rate of dividend, Nov., 1930 $15,475 23 on loans: $620,396.32 at 6%. BOSTON — BORISAVER CREDIT UNION Incorporated January 24, 1927. Began business March 7, 1927 Myer Pearlman, Samuel Kassler, President Treasurer Charles K. Rosen, Clerk of Corporation Board of Directors: Kive Convicerf, I. H. Elkind*, L. N. Gordonf, Samuel Kassler, Samuel Liberman*, J. H. Liverman, William Margolin*, Harry Pearlmanf, Myer Pearlman, Harry Pekarsky, C. K. Rosen. Meetings held at 17 Otisfield Street (Roxbury District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans : Liabilities Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 $4,949 00 698 00 . 210 87 . 137 12 ...... .... .... Shares Guaranty fund Undivided earnings Net current income .... $5,994 99 $5,742 14 176 39 33 81 42 65 $5,994 99 Membership Dividends Number added duriDg year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 11 8 63 31 . $1 00 Rate of interest Rate of dividend, Nov., 8% 1930 ...... Total Expenses for Year Other expenses $169 00 60 00 29 37 Total $258 37 Salaries Rent . . . . . . on loans: $5,647.00 at 8%. BOSTON — THE BOSTON AMERICAN COMPOSING ROOM CREDIT UNION Incorporated February 6, 1929. Began business February 19, 1930 Clement N. Gardner, Treasurer Harry K. Pearsons, President Clement N. Gardner, Clerk of Corporation Board of Directors: C. P. Copelandf, C. N. Gardner, J. R. Gelinas, S. Mitchellf, G. A. Moorehead*, J. C. Murphy*, H. K. Pearsons, P. J. McBridef, K. C. McDonald*, John J. Schriftgiesser*. C. W. U3sher*. Meetings held at 5 Winthrop Square. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities $3,041 40 1,296 00 800 00 . 111 83 . Shares ..... Guaranty fund Undivided earnings Net current income Other liabilities . ... . $5,249 23 $5,249 23 Dividends Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . 16 7 104 61 25 cents Rate of dividend, Nov., 1930 ..... ..... Salaries Rent . Total Rate Committee. of interest 6% Total Expenses for Year Other expenses * Credit $4,743 77 137 82 278 62 88 17 85 on loans: $4,337.40 at 10%. t Auditing Committee. $160 00 49 98 $209 98 P.D. 8, Part IV. BOSTON AND ALBANY EMPLOYEES CREDIT UNION BOSTON Incorporated December 1, 1928 Began business December 13, 1928 A. N. O'Rourke, Treasurer A. S. Plimpton, President A. N. O'Rourke, Clerk of Corporation W. H. Gould, Charles Haslund*, Adam Haugf, H. O. Kruegerf, E. J. Laird*, R. A. Murphy, T. F. Neal, A. N. O'Rourke, A. S. Plimpton, W. S. Ramseyt, H. E. Sibley, H. S. Varney*. J. A. Warren. Board of Directors: Room Meetings held at 222, South Station. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 1st mortgages $107,672 22 2nd mortgages Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand 31 29 11,829 4,241 6,560 4,400 12,794 50 00 80 56 63 . .... . . $133,116 06 4,209 26 7,208 17 3,162 07 54 10 Shares Guaranty fund Undivided earnings Net current income Other liabilities 194 91 $147,749 66 $147,749 66 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 688 94 . 2,559 1,056 50 cents Rate of dividend, sy2 % May, 1930 3K% Nov., 1930 Total Expenses for Year Other expenses $5,167 00 260 58 4,320 24 Total $9,747 82 Salaries Rent Rate of interest on loans: 5,640.38 at 6%; $18,980.79 at 8%; $13,958.71 at 9%; $723.44 at 10%. 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, H. F. Frederick* F. T. Gleason, J. J. Lloyd*, J. E. Marshallf, L. E. Miller, G. F. Sheridanf, C. D. Smith, R. M. Spinney, R. A. Tannerf, F. J. Tague*. H. D. Ulrich. Meetings held at 301 North Station. STATEMENT OF CONDITION, DECEMBER Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 1st mortgages $105,787 20 19,319 50 122,351 18 15,357 79 31,896 90 7,672 01 7,040 05 2nd mortgages Bonds Deposits in savings banks Deposits subject to check Cash on hand 31, 1930 Shares Deposits $287,987 37 21,203 96 9,674 15 435 56 2,062 80 . Guaranty fund Undivided earnings Net current income Other 1,377 00 liabilities 500 00 . Other assets 12,016 21 Furniture and fixtures 800 00 $322,740 84 $322,740 84 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . . . . 491 476 . 2,205 . . of depositors of interest paid during year Interest payable fifth business day of each 172 5% of interest month. Other expenses Total on loans: $238,904.38 at 5%; $20,246.74 at 8%; $3,664.55 at 12%. * Credit Committee. 8% Total Expenses for Year Rent . Rate ...... ...... .... Salaries ... Number of dividend, Nov., 1930 994 25 cents . Deposits Rate Rate t Auditing Committee. $5,921 00 787 07 $6,708 07 P.D. 8, Part IV. BOSTON — BOSTON JEWISH WORKERS ALLIANCE CREDIT UNION Began business June Incorporated January 31, 1927. 28, 1927. Jacob Schwartz, President Louis Smith, Treasurer Celia Rutstein, Clerk of Corporation Board of Directors: L. M. Brande*, Ruben Davison, Wolf Erlichman.f David Kaplan, Max Lasarson*, Harry Magat*, William Rosen, Samuel Rutsteinf, Jacob Schwartz, Louis Smith, Samuel Zabarskyj". Meetings held at 11 Nightingale Street (Roxbury District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans : 31, 1930 Liabilities $1,160 00 Unsecured $1,359 30 83 00 49 47 .... Guaranty fund Undivided earnings 117 43 14 34 . ..... .... Shares 200 00 Secured Deposits subject to check Expense, less current income $1,491 77 $1,491 77 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 21 . ...... Total Expenses for Year 74 24 Other expenses $25 00 18 50 15 60 Total $59 10 Salaries Rent $1 00 Rate 6% of dividend, Nov., 1930 11 . . . on loans: $1,360.00 at 6%. of interest BOSTON — BOSTON POST CREDIT UNION Incorporated March Began business April 29, 1929. 3, 1929 George P. Paro, Treasurer Chester C. Gray, President George P. Paro, Clerk of Corporation Board of Directors: C. L. Bartlett*. E. J. Dunn, E. S. Farren, C. C. Gray, D. C. Henry t, Dugald Maccallum. F. B. Maginnis*, E. F. Mason, J. F. McHugh, Harold McLucas, G. P. Paro, G. W. Sampsonf, W. A. Stewart, Albert Toolian*, W. L. Youngf. Meetings held at 259 Washington Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Deposits in savings banks Deposits subject to check Cash on hand Furniture and fixtures Liabilities . . . . . . . . . 31, 1930 . . $15,910 2,000 414 125 61 ..... Shares 68 00 .... Guaranty fund Reserve fund Undivided earnings Net current income 19 80 20 Other . . liabilities $18,511 87 . $15,821 73 489 90 685 21 1,097 20 412 58 5 25 $18,511 87 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 113 37 . Rate of dividend, 3% 3% May, 1930 Nov., 1929 302 189 25 cents Total Expenses for Year $850 00 Salaries Rent 310 36 Other expenses Total Rate of interest $1,160 36 on loans: $15,910.68 at 8%. BOSTON — BOSTON POST OFFICE EMPLOYEES' CREDIT UNION Incorporated March 10, 1924. Began business March John L. Laverty, President 21, 1924 Daniel A. Daniel A. Hammond, Hammond, Treasurer Clerk of Corporation Directors: Abraham Abramhoff, Joseph Adams, W. P. Barry, J. H. Cooper, A. A. Doreyt, M. J. Egan*, A. M. Flaherty, J. B. Gibbons, D. A. Hammond, W. E. Hanglinf, J. W. Houston, F. J. Hurleyt, P. J. Kane, J. L. Laverty, C. H. Norton, J. W. Riley, J. L. Shannon*, E. P. Sullivan*. Board of Meetings held at 245 State * Credit Committee. Street. t Auditing Committee. . P.D. 8, Part IV. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans Liabilities Unsecured Secured : $167,517 23,498 155,027 26,477 59,778 8,000 5,000 8,037 Real estate loans: 1st mortgages 2nd mortgages Bonds Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand Real estate by foreclosure Furniture and fixtures 57 66 44 98 25 00 00 Shares Deposits $421,204 29,609 14,992 6,578 4,342 . Guaranty fund Undivided earnings Net current income Other liabilities 38 $476,738 36 $476,738 36 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 245 139 . Rate 6% of dividend, Nov., 1930 2,710 1,885 25 cents Total Expenses for Year $5,567 00 Salaries Rent Deposits Rate of depositors of interest paid during year Rate 1, May of interest 1, 1,764 43 Other expenses 5% . Aug. 1, 208 . . . Interest payable Feb. 12 92 15 11 50 1,500 00 20,691 75 1,209 33 . Number 66 01 Nov. $7,331 43 Total 1. on loans: $178,526.10 at 6%; $167,517.57 at 7%; 5,477.98 at 8%. BOSTON — BOSTON PROGRESSIVE CREDIT UNION Incorporated December 30, 1929. Edwin Began business February 12, 1930 Nathaniel T. Julien, Treasurer C. Davis, President Nathaniel T. Julien, Clerk of Corporation Board of Directors: M. C. Banks*. A. W. Bonello, E. C. Davis, C. H. Greene*, W. E. Husbandsf, N. T. D. E. Lanet, E. C. Lake, A. L. Lew, C. E. Stewart*, P. B. Williamsf. Julien, Meetings held at 1065 Tremont Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check Furniture and fixtures 31, 1930 Liabilities $9,811 84 2,794 32 609 70 70 31 . Shares Deposits . . $11,921 63 157 60 603 55 . . Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities 50 20 472 60 . $13,286 17 Dividends 176 5 171 106 $3 00 . Rate Deposits of depositors 5% of dividend, Nov., 1930 Total Expenses for Year ..... Other expenses $100 00 90 00 362 16 Total $552 16 Salaries . Rent Rate 51 88 00 $13,286 17 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Number 00 . . . 6 of interest paid during None year Rate of interest on loans: $10,593.74 at 8%; $2,012.42 at 10%. BOSTON — BOSTON RAILWAY MAIL EMPLOYEES CREDIT UNION Incorporated April 15, 1930. Began business May George F. Randlett, President 1, 1930 William T. Connell, Treasurer William T. Connell, Clerk of Corporation Board of Directors: J. T. Barkerf, W. L. Bennett, W. J. Burkef, W. T. Connell, E. .1. Costello*, J. M. Dalyf H. F. French, J. J. Grant, P. A. Jacques, H. J. Jordan, J. J. Kennedy, W. H. Leonard, Jr., H. L. Lorion*, F. A. Murphy*, G. F. Randlett. Meetings held at 8 Court Square. * Credit Committee. t Auditing Committee. 10 P.D. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Deposits in savings banks Deposits subject to check 8, Part IV. 31, 1930 Liabilities 1,116 35 102 00 9 34 . . Shares Deposits $2,086 99 41 95 30 82 2 76 61 42 . Guaranty fund Undivided earnings Net current income Other 3 75 liabilities $2,227 69 $2,227 69 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 92 Rate 6% of dividend, Nov., 1930 None . 92 30 25 cents Total Expenses for Year Salaries Rent Deposits Number Rate of depositors of interest paid during year Interest payable June Dec. 1, Rate 6 Other expenses $86 64 5% Total $125.97 at 6%; $1,990.38 at 1. of interest on loans $86 64 7%. BOSTON — BOSTON TYPOGRAPHICAL CREDIT UNION Incorporated April 26, 1928. May Began business 1, 1928 Frank H. Smalley, President Charles R. Acorn, Treasurer Thomas F. Woods, Clerk of Corporation Board of Directors: C. R. Acorn, M. A. Adler* J. E. Cotter, C. R. Crommett*, J. H. Fairclough, C. R. Hall, Harold Listerf, F. A. McGlew*. F. H. Mitchellt, J. A. Naultyt, O. N. Olson, F. H. Smalley, E. W. Toomey, F. P. Ulrich, T. F. Woods. Meetings held at 15 Boylston Street. STATEMENT OF CONDITION, DECEMBER Assets Unsecured Secured Deposits in savings banks Deposits subject to check Cash on hand Furniture and fixtures Personal loans 31, 1930 Liabilities $29,995 2,528 632 794 139 149 : .... . . ..... 03 Shares 72 98 Guaranty fund Undivided earnings Net current income 47 00 32 Other . . liabilities $34,239 52 $34,239 52 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 125 86 . 690 413 25 cents Rate Dividends 1930 of dividend, Nov., ..... ...... of interest 7% Total Expenses for Year Salaries Rent Other expenses Rate $32,405 95 1,262 62 136 57 429 13 5 25 . $2,510 00 193 42 203 37 ,906 79 Total on loans: $32,523.75 at 9%. BOSTON — BOWDOIN CREDIT UNION Incorporated Henry November 16, 1926. Began business November 16, 1926 Philip Fleischer, Treasurer Ehrlich, President Rae E. Goldman, Clerk of Corporation Board of Directors: Erno Ascherf, Isaac Ascher*, Israel Ascher*, Simon Ascher*, Harry Brown*, William Dickf, Benjamin Dorfman*, Henry Erlich, Julius Flaschnerf. Philip Fleischer, Rae E. Goldman. Meetings held at 17 Middleton Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check 31, 1930 Liabilities $4,303 00 549 00 237 34 , Shares Guaranty fund Undivided earnings Net current income Other liabilities Committee. 43 87 1 00 $5,089 34 $5,089 34 * Credit $4,668 26 363 56 12 65 1 Auditing Committee. P.D. 8, 11 Part IV. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Dividends Rate of dividend, May, 1930 Nov., 1930 6 3 . 54 28 25 4% 4% Total Expenses for Year $156 00 Salaries Rent 165 81 Other expenses $321 81 Total Rate of interest BOSTON on loans: — BRUNSWICK Incorporated April 30, 1927. Abraham 8%. 14,852.00 at CREDIT UNION May Began business 17, 1927 Woolf Davis, Treasurer Falk, President Joseph Fine, Clerk of Corporation Board of Directors: Louis Aronson, M. H. Beitlert. Samuel Berman*, Joseph Bornsteinf, Woolf Davis, Abraham Falk, Joseph Fine, Rubin Kanter*, Teval Kantert, Samuel Lunin, Harry Penansky*. Meetings held at 286 Blue Hill Avenue (Roxbury District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check 31, 1930 Liabilities $3,356 50 .... Guaranty fund Reserve fund Undivided earnings Net current income 735 00 228 72 . ..... Shares Other . . liabilities $4,320 22 Dividends 1930 Rate 4 2 . of dividend, Nov., 10 Rent $155 00 Total on loans: 5% $75 00 72 00 8 00 Salaries $2 00 of interest 72 32 98 90 97 177 23 Total Expenses for Year 37 Other expenses Rate 00 $4,320 22 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member $3,803 163 71 13 5,621.50 at 8%; $470.00 at 10%. BOSTON — CENTER CREDIT UNION Incorporated November 2, 1926. Began business November 4, 1926 Joseph Fishburn, Treasurer Joseph E. Reilly, President Hyman B. Klane, Clerk of Corporation Board of Directors: Samuel Bieberf, Abraham Braverman*, J. F. Delaney, J. P. Englertf. Joseph Fishburn, P. G. Hauschildtt, H. B. Klane, G. W. Kramer*, J. E. Reilly, J. G. Rothstein*, Joseph Schneider*, Harry Silverman*, H. R. Williams. Meetings held at 405 Centre Street (Jamaica Plain District). STATEMENT OF CONDITION, DECEMBER Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 2nd mortgages Deposits subject to check $22,213 16,273 6,027 11,817 .... . Cash on hand Real estate by foreclosure Furniture and fixtures 31, 1930 Shares Deposits 00 49 Guaranty fund Reserve fund 5 00 2,090 92 . .... .... 81 76 464 48 Undivided earnings Net current income Other liabilities . . $58,892 46 $58,892 46 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 96 74 298 196 $1 00 . ... Rate of depositors of interest paid during year Interest payable first Thursday . of May and vember. Rate of dividend, Nov., 1930 ..... ..... Salaries 36 4% Rent Other expenses NoTotal Rate of interest May, 1930 .... on loans: $5,027.00 at 6%; $38,487.57 at 7%; $1,000.00 at 8%. * Credit Committee. 4% 4% Total Expenses for Year Deposits Number $53,375 09 306 50 2,455 31 224 27 2,118 99 397 30 15 00 t Auditing Committee. $883 50 275 00 437 77 $1,596 27 12 BOSTON — CENTURY P.D. Began business November Incorporated October 30, 1928. 8, Part IV. CREDIT UNION William H. Love, President 22, 1928 Blanche E. Braxton, Treasurer M. Charlotte Davis, Clerk of Corporation J. H. Brownef, Mary V. Collins*, Charlotte M. Davis, Sarah M. Jeter*, R. B. Lawrence, W. H. Love, H. S. Stewart*, J. A. Thomas. Board of Directors: Blanche E. Braxton, Gibsont, T. A. Garnert, S. J. Meetings held at 588 Columbus Avenue. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Cash on hand Liabilities $1,884 151 120 6 5 , . Other assets 14 22 68 30 83 Shares Deposits [,847 50 90 96 46 37 . Guaranty fund Undivided earnings Net current income Other liabilities 10 35 47 $2,168 17 $2,168 17 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 70 Rate 6% of dividend, Nov., 1930 12 122 . 44 25 cents Total Expenses for Year Salaries . Rent Deposits Number of depositors of interest paid during year Interest payable May 1, Nov. 1. 2 Rate Rate 26 50 49 Other expenses $31 26 Total $31 26 none of interest on loans: $395.96 at 6%; $1,639.40 at 8%. BOSTON — CHAET AND BLOOM CREDIT UNION Incorporated October 22, 1926. Began business October 25, 1926 Abraham Chaet, Joseph H. Fishman, President Treasurer Morris Horowitz, Clerk of Corporation Board of Directors: Abraham Caplan*, Abraham Chaet, David Chaetf, Henry Chaet, J. H. Fishman*, Morris Gold*, Jacob Goldstein, Morris Horowitz*, Isadore Mulmatt, Jacob Winicoorf, Leonard Zonis*. Meetings held at 17 Otisfield Street (Roxbury District). STATEMENT OF CONDITION, DECEMBER Assets Unsecured Secured Deposits subject to check Personal loans Cash on hand Expense, less 31, 1930 Liabilities $878 96 : 1,140 95 Shares J, Guaranty fund 133 07 155 05 205 47 30 84 31 90 . . current income $2,288 12 $2,288 12 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 12 19 . 57 26 $1 00 Rate of dividend, May, 1930 3% Nov., 1930 none Total Expenses for Year Other expenses $180 90 80 00 37 15 Total $298 05 Salaries Rent Rate of interest on loans: $2,019.91 at 8%. BOSTON — CHAMBERS CREDIT UNION Incorporated February 28, 1927. Samuel Kramer, Jr., Began business March 28, 1927 Charles President Charles W. W. Grinnell, Treasurer Grinnell, Clerk of Corporation Board of Directors: Barnet Bloomf, Saul Bloomstein, Barnet Brennert, Louis Greenberg, C. W. Grinnell, Samuel Kramer, Jr., Samuel Kramer, Sr.*, Albert Litvin*, Samuel Rudnick*, Maxwell Shepardt, Hyman Styman, Meetings held at 3 Poplar Street. * Credit Committee. t Auditing Committee. P.D. 8, 13 Part IV. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured £3,529 58 Secured Deposits in savings banks Deposits subject to check 3,673 34 368 35 269 75 . , $6,923 01 Shares 422 03 225 92 108 47 Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities 160 59 1 00 $7,841 02 $7,841 02 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers AmouDt of entrance fee per member 5 14 . 55 30 00 Rate of interest Rate 5% of dividend, Nov., 1930 Total Expenses for Year Rent Other expenses $250 00 42 00 68 13 Total $360 13 Salaries on loans: $7,202.92 at 8%. BOSTON — CHARLESBANK CREDIT UNION Incorporated November 24, 1926. Began business November 29, 1926 Bernard Kolman, Treasurer John Lauria, President Bernard Kolman, Clerk of Corporation Board of Directors: Herbert Alpert*, Lina Alpert, Joseph Finksf, Ray Finks, Nathan Goldbergt, Bernard Kolman*, Jacob Kolman, John Lauria, Louis Palkowitch, Morris Schneiderf, Louis Wein*. Meetings held at 339 Charles Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Deposits subject to check 31, 1930 Liabilities $2,965 00 1,071 03 . ..... Shares Guaranty fund Undivided earnings Net current income Other $3,692 22 233 53 30 96 78 32 1 00 . . liabilities $4,036 03 $4,036 03 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 18 Rate 28 . 3% Nov., 1930 65 40 $1 00 3H% May, 1930 of dividend, ..... ..... Total Expenses for Year Salaries Rent $50 00 — 87 83 Other expenses $137 83 Total Rate of interest on loans: $2,965.00 at 6%. BOSTON — CIGAR FACTORY EMPLOYEES CREDIT UNION Incorporated September 23, 1916. Began business October William Collins, President 7, 1916 Aaron Velleman, Treasurer Ida Smith, Clerk of Corporation Board of Directors: Abraham Abrahams*, William Collins, F. W. Gillespie*, Saul Haagf, E. F. McCarthy, William Sharpe, Ida Smith, Pauline A. Smithf, Aaron Velleman, W. P. Walshf, E. A. Wattson*. Meetings held at 321 Tremont Street. STATEMENT OF CONDITION, DECEMBER Assets Liabilities Personal loans: Unsecured Secured . Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check .... . $12,316 589 1,000 221 15 50 00 85 463 05 105 90 90 00 . Cash on hand Furniture and 31, 1930 fixtures Shares Deposits .... .... Guaranty fund Reserve fund Net current income Other . liabilities Committee. $11,156 21 775 62 2,464 48 254 12 134 27 1 $14,786 45 * Credit . 75 $14,786 45 t Auditing Committee. 14 P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member, 50 28 43 668 . and 8, Part IV, Dividends Rate of dividend, Nov., 1930 37o 128 cents, wives children, 25 cents. Total Expenses for Year $660 00 240 00 Salaries Rent Deposits Number of depositors Rate of interest paid during year Interest payable Nov. 1. Rate Other expenses 2 128 10 5% Total of interest $1,028 10 on loans: $589.50 at 6%; $13,316.15 at 8%. BOSTON — CITY OF BOSTON EMPLOYEES CREDIT UNION November Incorporated 5, Began business November 1915. 1915 15, Edward Bernard C. Kelley, President A. Hoey, Treasurer Michael A. Horrigan, Clerk of Corporation Collins, F. B. Cook, Daniel Falvey, W. L. Finiganf, J. G. Herlihy, E. A. Hoey, A. Horrigan, B. C. Kelley, E. T. Kelley, J. F. Kenney, W. D. Kenneyf, W. P. Long, W. E. Mahoney, P. W. A. Maxwellt, J. S. McKenna, J. S. Murray*, P. J. Osborne, H. M. Pakulski*. J. F. Sullivan, J. A. Sweeney*, Frederick Ziegler. Board of Directors: T. A. M. Meetings held at Room 42, City Hall, School Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Co-operative bank shares Deposits in savings banks Deposits subject to check $158,183 30 702 4,000 13,000 4,140 16 00 00 00 90 Shares Deposits $62,013 114,100 27,047 1,000 3,927 . Guaranty fund 78 16 05 25 38 1,613 45 323 99 Reserve fund Undivided earnings Net current income Other liabilities $210,026 06 $210,026 06 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member, 25 . . . . . . . 677 203 Rate 8% of dividend, Nov., 1930 2,794 1,862 cents per Total Expenses for Year share. $3,031 20 Salaries Rent Deposits Number of depositors . of interest paid during year Interest payable Feb. 1, 1, Aug. . Rate May Rate 1,584 . 1, of interest 901 45 Other expenses 6% . Nov. $3,932 65 Total 1. on loans: $188,073.96 at 6%; $811.20 at 7%. BOSTON — CODMAN CREDIT UNION Incorporated November 18, 1926. Hyman Began business November 1926 William Tobin, President Lawrence Matt, Clerk Board 30, Stiller, Treasurer of Corporation of Directors: Morris Katz, Philip Kravetz*, Irving Landfieldf, Lawrence Mattf, Joseph Short*, Sirotta*, Maurice Skalsky, William Stiller, David Stutman, Hyman Tobin, William Weinerf. Meetings held at 1165 Blue Hill Avenue (Dorchester STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Real estate loans: 2nd mortgages Deposits subject to check Harry District). 31, 1930 Liabilities $14,404 20 250 00 2,686 06 548 00 . Cash on hand Shares Guaranty fund Undivided earnings Net current income Other liabilities 272 16 7 ol $17,888 26 $17,888 26 * Credit Committee. $16,955 53 583 98 69 09 t Auditing Committee. P.D. 8, 15 Part IV. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Dividends Rate of dividend, May, 1930 Nov., 1930 23 30 89 . Total Expenses for Year 61 25 $536 00 186 00 468 18 Salaries Rent Other expenses Total Rate of interest BOSTON 4% 4% $1,190 18 on loans: $1,356.00 at 6%; $13,298.20 at 8%. — COLONIAL CREDIT UNION Began business February Incorporated January 28, 1927. 7, 1927 Samuel Davis, Treasurer Arthur Gordon, President Morris Waldman, Clerk of Corporation Board of Directors: A. B. Cohen*, Agnes M. Cohent, Hannah Davis, H. C. Davisf, Louis Davis*, Samuel Davis, Louis Feinstein*, Arthur Gordon, H. S. Kramer*, Hyman Lerner, Jerome Suvalle, B. J. Tackeff, Abraham Todtmanf, S. R. Tucker*, Morris Waldman. Meetings held at 51 Devon Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 1 Assets Personal loans : Liabilities Unsecured Secured Deposits subject to check $5,824 35 1,371 25 161 06 . .... Shares Guaranty fund Net current income 50 493 03 J,852 11 13 . $7,356 66 $7,356 66 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 7 Rate of dividend, 14 . 107 67 $1 00 none paid .... .... Total Expenses fot Salaries Rent $200 00 215 00 64 66 Other expenses Total est on loans: $6,( 322.10 at . $479 66 . 6%; $573.50 at 8%. BOSTON — COLUMBIA CREDIT UNION Incorporated November 5, 1926. Began business November 9, 1926 David Katz, President Barnet Eskin, Treasurer Samuel J. Norman, Clerk of Corporation Board of Directors: Benjamin Bickelman*, Barnard Eskin, Harry Gibberf, Alex Goldkrand*, Eli Gordon!, David Katz, Rose Margolis, Aaron Minsky, S. J. Norman, Philip Richmanf, Morris Rosenthal*. Meetings held at 288 Blue Hill Avenue (Roxbury District). STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Deposits subject to check Expense, less current income 51,644 55 . Shares 1,485 07 Guaranty fund 311 70 66 23 Reserve fund Other liabilities $3,072 88 369 47 61 20 4 00 $3,507 55 $3,507 55 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member none Rate of dividend, . 60 25 !1 00 May, 1930 1^% Nov., 1930 none Total Expenses for Year Salaries $155 00 85 00 48 58 . Rent Other expenses Total Rate of interest * Credit Committee. on loans: ;3,129.62at $288 58 8%. t Auditing Committee. 16 P.D. BOSTON — COMMERCIAL CREDIT UNION Incorporated November 4, Began business November 1926. Barney Edelstein, President 8, Part IV. 1926 6, Maurice B. Helfant, Treasurer Maurice B. Helfant, Clerk of Corporation Board of Directors: Max Bloom, Mendel Cowen, Barney Edelstein, William Ellisf, B. B. Fishmanf, M. M. Gordon*, M. B. Helfant, H. M. Hirshom, Samuel Kotzen*, Max Litman*, William Smithf, David Stoller, Harry Stone. Meetings held at 148 State Street, Room 507. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check 31, 1930 ...... .... .... Liabilities Shares $12,342 14 6,154 00 1,832 50 . Guaranty fund Undivided earnings Net current income .... $20,328 64 $18,687 1,285 186 169 16 46 76 26 $20,328 64 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 38 27 199 115 $1 00 . 6% of dividend, Nov., 1930 ...... .... Total Expenses for Year Salaries Rent . . . . . . Other expenses Total Rate ( )f interest on los ms: $420 00 240 00 209 91 $869 91 7%. $18,496.14 at BOSTON — CONDIT CREDIT UNION Incorporated April Thomas A. S. 15, 1930. Began business May 9, 1930. Thomas Wood, President Howard L. O'Keeffe, Treasurer R. Cornfield, Clerk of Corporation Board of Directors: R. L. Abbott, A. J. Becket*, H. R. Cornfield, J. S. Fitzpatrickf, James Hain*, Josephine Kearney, William Klingenberg, Frank Maguire, G. W. McPhee, Avalena C. Newhallf, E. M. Olson*, T. L. O'Keeffe, Edward Quinlan, R. P. Smithf, T. A. S. Wood. Meetings held at 1344 Hyde Park Avenue (Hyde Park District). STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities $1,359 21 504 88 Personal loans: Unsecured. Deposits subject to check . ..... Shares Deposits . . . . $1,727 50 16 18 . .... Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities 45 18 14 43 35 64 20 91 4 25 . . $1,864 09 $1,864 09 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 142 23 119 55 25 cents . Rate of dividend, Total Expenses for Year Salaries Number of depositors of interest paid during Interest payable May 1, 3 4^% year Nov. . . . Rent Deposits Rate none paid Other expenses Total 1. of interest on lo ans: $1,359.21 at .... — $80 49 $80 49 8%. BOSTON — CRAWFORD CREDIT UNION Incorporated November 16, 1926. Began business November 17, 1926 Eva Rose Seagal, President Swartz, Treasurer Sophie Beder, Clerk of Corporation Board of Directors: Sophie Beder, Dorothy Coopersteinf Nellie Cutler*, Mary Dumay, Bella Gordon*, Rose Kraiterman, Nellie Kreidberg, Rebecca L. Litman, Rebecca Rosen, Harriet Seagalf, Lillian Seagalf, Rose Seagal, Lillian Sperber*, Eva Swartz, Ida Swartz. , Meetings held at International Hall (Roxbury District). * Credit Committee. t Auditing Committee. . P.D. 8, Part IV. 17 STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 ...... .... .... Liabilities $1,630 00 2,384 00 230 99 1,022 63 , . Shares Guaranty fund Undivided earnings Net current income .... $5,267 62 $5,267 62 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 6 35 62 42 $5 00 . Rate of dividend, of interest 3^% May, 1930 Nov., 1930 . ; none Total Expenses for Year ...... .... Other expenses $147 40 48 00 38 40 Total $233 80 Salaries Rent Rate $4,830 35 179 79 238 52 18 96 . . on loans: $4,014.00 at 8%. BOSTON — CUNNINGHAM CREDIT UNION Incorporated December Abraham Smith, 4, 1926. Began business December 13, 1926 David Hartstone, Treasurer President Samuel Hartstone, Clerk of Corporation Board of Directors: Samuel Glassmanf, David Hartstone, Samuel Hartstone, Samuel Merlisf, Nathan Meyercoff*, Julius Polenf, Harry Shapiro*, Abraham Shifman*, Abraham Smith, Louis Stein, Eli Tatel*. Meetings held at 70 Wayland Street (Roxbury District) t STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Liabilities $4,670 00 586 00 500 00 316 05 , . Shares $5,422 82 371 01 201 04 77 18 Guaranty fund Undivided earnings Net current income $6,072 05 $6,072 05 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 5 9 . 48 36 00 Rate of interest Rate 4% of dividend, Nov., 1930 Total Expenses for Year Other expenses $156 00 56 00 48 35 Total $260 35 Salaries Rent on loans: 15,256.00 at 8%. BOSTON — DORCHESTER CREDIT UNION Incorporated November 16, 1926. Began business November Barney M. Fisher, President 17, 1926 Isadore Wintman, Treasurer Joseph H. Yaffe, Clerk of Corporation Board of Directors: Aaron Cohen, B. M. Fisher, Joseph Herscovitzf, F. E. Neustadtf, Max Richman*, Louis Rubin, Joseph Slatnick*, Harry Slavetf, Samuel Stern, Isadore Wintman, J. H. Yaffe*. Meetings held at 1111 Blue Hill Avenue (Dorchester District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check Cash on hand 31, 1930 Liabilities $9,360 00 458 50 380 57 155 52 .... . Shares ..... .... Guaranty fund Reserve fund Undivided earnings Net current income Other . . liabilities $10,354 59 * Credit Committee. $9,512 48 415 77 201 43 165 91 56 00 3 00 $10,354 59 t Auditing Committee. . P.D. 18 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 37 21 167 76 . 8, Part IV. Dividends Rate of dividend, Nov., 1930 6% Total Expenses for Year $265 00 120 00 93 94 Salaries Rent $1 00 Other expenses Total Rate of interest on loans: 178 94 59,818.50 at 7%. BOSTON — EATON CREDIT UNION November Incorporated Began business November 23, 1926. 29, Abraham Moses, Board of Directors: Max Joseph Pricet, B. 1926 Max Louis Freedman, President Foster, Treasurer Clerk of Corporation Foster, George Freedman*, Louis Freedman*, Maurice Freedmanf, Abraham Moses*, Sacks*, Charles Shumanf, Sidney Stone, Morris Weinstein. M. Reisman*, Benjamin Meetings held at 4 Otisfield Street (Roxbury District) STATEMENT OF CONDITION, DECEMBER Assets Unsecured Secured Deposits in savings banks Deposits subject to check Personal loans 31, 1930 Liabilities $6,768 00 : Guaranty fund 1,250 00 125 84 . $7,241 06 438 73 Reserve fund Net current income 300 00 . ...... .... ..... .... Shares $8,443 84 678 11 85 94 $8,443 84 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 26 Nov., 1930 11 . 116 96 ...... ...... Total Expenses for Year $2 00 Salaries Rent Other expenses Total Rate of interest on 4% 4% May, 1930 of dividend, los ins: 72 00 67 40 . . $8,018.00 at $100 00 . $239 40 . 8%. BOSTON — ECCO CREDIT UNION Incorporated June 29, 1928. Charles W. Day, Began business July 1928 9, Frank President Frank Board of Directors: F. J. J. J. Daigle, Treasurer Daigle, Clerk of Corporation Daigle, C. W. Day*, J. J. Edwards, E. K. Freemanf, Alfred Gorshell, A. L. Parker*, Harry Silverman, Louis Simons*, Leonard Willard. M. Kaitzf, Nathan Lavinef, C. Meetings held at 401 "D" Street (South Boston District) STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Liabilities $4,168 90 339 00 1,068 12 . 882 41 Shares Guaranty fund Undivided earnings Net current income . : Other . . liabilities . . $5,948 00 391 39 76 48 35 31 7 25 $6,458 43 $6,458 43 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 61 73 . of dividend, May, 1930 Nov., 1930 205 94 25 cents ...... ...... Total Expenses for Year Salaries Rent Other expenses . * Credit Committee. on lo ins: $4,507.90 at $100 00 19 61 $119 61 Total of interest 3V2 % 2V2 % 6%. t Auditing Committee. [ I P.D. 8, 19 Part IV. BOSTON — ELECTRICAL WORKERS CREDIT UNION Incorporated February 19, 1929. Began business March 20, 1929 Frank William F. Sheehan, President Frank J. J. Harrigan, Treasurer Harrigan, Clerk of Corporation Board of Directors: C. P. Buckley*, J. L. Casey, E. P. Cunninghamf, E. L. Dennis, W. J. Doylef, W. H. Flynn, Theodore Gould, F. J. Harrigan, T. J. McSweeney*, W. F. Sheehan*, R. L. Welchf. Meetings held at 995 Washington Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities ... ... ..... Personal loans: Unsecured . . $1,350 45 Secured 14 00 Deposits subject to check Other assets 42 70 1 35 25 38 85 38 65 4 75 Shares 1,326 Guaranty fund Net current income Other liabilities $1,408 50 $1,408 50 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . . . . 78 none paid of dividend, 1 163 34 25 cents . . . Rate . Total Expenses for Year Salaries Rent $36 80 Other expenses Total Rate BOSTON of interest — ELIZABETH Incorporated April 7, on loans: $36 80 12%. 1,364.45 at PEABODY HOUSE CREDIT UNION 1927. Began business April 26, 1927. Harry Katzman, Treasurer Morris A. Rosenthal, President Joseph Kandall, Clerk of Corporation Board of Directors: H. A. Finn, Solomon Goldfarb, Morris Goodman*, Abraham Gurvitz, Joseph Kandallf, Joseph Kaplant, Harry Katzman, Sarah Katzman, S. I. Levine, Harry Lofchie, Saul Margolis*, M. A. Rosenthal*, H. J. Sargentf, Louis Weiner, Joseph Yanovitz. Meetings held at 357 Charles Street. STATEMENT OF CONDITION, DECEMBER Assets Unsecured Secured Deposits in savings banks Deposits subject to check Other assets 31, 1930 Liabilities Personal loans: . .... . . 17 $13,188 2,850 16 1,120 32 73 76 50 00 78 00 Furniture and fixtures Shares Deposits ..... ..... Guaranty fund Undivided earnings Net current income Other $9,630 00 5,607 56 1,679 04 71 37 . 310 01 6 00 . liabilities $17,303 98 $17,303 98 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 36 33 196 119 $1 00 . . Rate of dividend, Nov., 1930 Total Expenses for Salaries Rent Deposits Number 185 of depositors Rate ..... - . . Other expenses 6% Rate of interest paid during year Interest payable Apr. 30, Oct. 31. Total of interesi i 4% 4% May, 1930 . . .... Ye ar $600 00 106 26 $706 26 on loans: $12,, >09.55at6%; $3,528.94 at 8%. BOSTON — ENTERPRISE CREDIT UNION Incorporated Israel May 7, 1928. Began business May 8, 1928 Jacob Kneller, Treasurer Cohen, President Anna Cohen, Clerk of Corporation Board of Directors: Jack Avruch*, Max Charloff*, Anna Cohen, Israel Cohen, Nathan Kanef, Jacob Kneller, Louis Kremerman, Frank Levine, Nathan Libermanf, Rubin Mazer*, Israel Richmanf. Meetings held at 318 Blue Hill Avenue (Roxbury District). * Credit Committee. t Auditing Committee. 20 P.D. STATEMENT OF CONDITION, DECEMBER Assets Unsecured Secured Deposits in savings banks Deposits subject to check Personal loans 8, Part IV. 31, 1930 Liabilities $5,176 34 : 1,142 00 281 42 529 48 . . ..... Shares Guaranty fund Undivided earnings Net current income Other $6,646 168 168 143 2 . . liabilities $7,129 24 97 09 23 95 00 $7,129 24 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member — . 13 Rate Nov., 1930 100 60 50 cents ..... ..... Total Expenses for Year Salaries Rent Other expenses of interest $100 00 96 00 71 98 .... Total Rate 4% 4% May, 1930 of dividend, $267 98 on loans: $6,318.34 at 8%. BOSTON — EXCELSIOR CREDIT UNION Incorporated February 14, 1928. Began business February William H. Love, President 29, 1928 William John M. Arbuckle, Clerk J. Evans, Treasurer of Corporation J. M. Arbuckle, C. B. Cheatham, J. S. Durrantf, W. J. Evans, J. D. Foster*, Gwendolyn Hendersonf, Malcolm Lawrence*, W. H. Love, J. R. Martin, H. M. Maxwell, W. H. Paxton, David Spencer* G. C. Sport, P. F. Van Derzeef, Edna L. Williams. Board of Directors: Meetings held at Parker House, School Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Co-operative bank shares Deposits subject to check Furniture and fixtures 55,871 42 1,050 34 135 00 863 70 44 78 . , Shares Deposits $6,931 58 143 16 . Guaranty fund 290 67 Reserve fund Undivided earnin gs 128 354 99 16 Net current Other incor ne liabilities $7,965 24 $7,965 24 D Ividends Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 84 36 189 116 . Rate of dividend, 25 cents Total of depositors May 1 Nov. 1. Rate of interest 1, for Year $170 00 . 210 41 Other expenses 5% of interest paid during year Interest payable Exitenses . Rent Deposits Rate 3% 3% May, 1930 Nov., 1930 Salaries Number 82 35 91 75 $380 41 Total on loans: $710.02 at 6%; $6,211.74 at 8%. BOSTON — FABYAN CREDIT UNION Incorporated October Max Rosenbaum, 18, 1926. Began business November 1926 1, Philip Cohen, Treasurer President David W. Jacobs, Clerk Board of Directors: J. I. of Corporation Chuker, Philip Cohen, E. A. Elovitzf, Nathan Goldmanf, D. J. M. Rosen, Max Rosenbaum, Reuben Shaer, Levint, C. C. Levy*, Joseph Rosen, Star, Oscar Weiss*, Arthur Wilson. Meetings held at 1007 Blue Hill Avenue (Dorchester STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check Expense, less current income . S. Jacobs, Morris M. Sief*, Harry District). 31, 1930 Liabilities $8,478 86 1,449 00 15 04 33 Shares . . . $9,211 04 . Guaranty fund Reserve fund Undivided earnings Other liabilities . $9,943 23 * Credit Committee. W. . . 455 175 92 8 47 74 98 00 $9,943 23 t Auditing Committee. P.D. 8, 21 Part IV. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 33 Dividends Rate of dividend, Nov 1930 6% , 17 . I Rate 108 69 00 Total Expenses for Year Other expenses $156 00 120 00 273 50 Total $549 50 Salaries Rent on loans: $9,927.86 at 8%. of interest BOSTON — FAYSTON CREDIT UNION Incorporated October 25, 1926. Began business November 2, 1926 Abraham Aronowitz, Isadore Finger, President Treasurer Louis A. Cron, Clerk of Corporation Board of Directors: Abraham Aronowitz, David Bennettf, Benjamin Bodin, L. A. Cron, Isadore Finger, Benjamin Frutkoff, Joseph Landmanf, Joseph Omansky*, Myer Rubinf, Abraham Sandler*, Hyman Swartz*. Meetings held at 288 Blue Hill Avenue (Roxbury District). STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Liabilities 59,214 00 1,374 64 456 06 . Shares $10,208 75 427 36 98 66 309 93 Guaranty fund Undivided earnings Net current income $11,044 70 $11,044 70 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 18 15 117 . L Rate of interest Rate 8% of dividend, Nov., 1930 Total Expenses for Year Other expenses $180 00 84 00 167 36 Total $431 36 75 Salaries 00 Rent on loans: $10,588.64 at 8%. BOSTON — FEDERAL CREDIT UNION Incorporated November 3, 1926. Began business November Nathan Bornstein, President 3, 1926 Solomon Pollack, Treasurer Solomon Pollack, Clerk of Corporation Board of Directors: Esther Backman, David Barenbergf, Nathan Bornstein, Israel Cohen*, Morris Cohen, Nathan Newstadt, Solomon Pollack, Michael Sochin*, David Shopnickf, Frank Winnf, J. Z. Yorra.* Meetings held at 1111 Blue Hill Avenue (Dorchester District). STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Deposits subject to check Furniture and fixtures 58,239 97 1,864 00 503 45 51 50 Shares ),738 Guaranty fund 37 614 66 133 85 167 04 Undivided earnings Net current income Other liabilities 5 00 $10,658 92 $10,658 92 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 19 63 155 71 . $1 00 Rate of dividend, of interest * Credit Committee. 3% Nov., 1930 none ...... ...... .... Total Expenses for Year Other expenses $460 00 140 00 58 19 Total $658 19 Salaries Rent Rate May, 1930 on loans, $10,103.97 at 8%. t Auditing Committee. 22 BOSTON — FIELD'S CORNER CREDIT UNION Incorporated December 31, 1929. Hyman Levenbaum, Began business January President Hyman 6, P.D. 8, Part IV. 1930. Barney Fagelman, Treasurer B. Klane, Clerk of Corporation Board of Directors: E. I. Bardfield*, Saul Bardfieldf, C. D. Dracos*, Barney Fagelman, J. H. Fitzgeraldf, Gleason, Charles Goldstein*, H. B. Klane, Hyman Levenbaum, Max Levenbaum*, Samuel Levenbaumf, John Robinson*, C. K. Rosen*. J. L. Meetings held at 1480 Dorchester Avenue. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Liabilities $2,272 22 Shares 1,037 73 Guaranty fund Undivided earnings Net current income 1,494 78 504 24 . Other 02 20 29 00 116 52 58 7 liabilities $4,271 24 $4,271 24 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 80 8% of dividend, Nov., 1930 14 . 66 34 $1 00 Total Expenses for Year Salaries $91 50 Rent Other expenses 201 57 Total Rate of interest on loans: $293 07 J3.767.00 at 7%. BOSTON — FILENE CO-OPERATIVE ASSOCIATION CREDIT UNION Incorporated October 21, 1921. Began business November Austin C. Benton, President 1, 1921 Charles P. Smith, Treasurer Charles P. Smith, Clerk of Corporation Board of Directors: H. C. Bean, A. C. Benton, Maude E. Brennan*, H. R. Floyd*, M. R. Greenef. H. D. Hodgkinson, C. W. Lacey, Robert Listt, L. T. McMahonf, C. T. O'Connell, J. P. Rourke* C. P. Smith, Meetings held at 426 Washington Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans 2nd mortgages $32,586 17 44,119 62 12,618 13 134,678 52 ..... : Bonds Co-operative bank shares Deposits subject to check Cash on hand 25,925 90 2,452 30 3,890 05 .... . . Shares Deposits $17,361 227,924 7,057 2,112 . Guaranty fund Undivided earnings Net current income Other liabilities 65 59 34 38 1,450 40 364 33 $256,270 69 $256,270 69 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 409 428 . Rate of dividend, Nov., 1930 5% 1,895 814 Total Expenses for Year none Salaries Rent Deposits Number 1,272 of depositors . . Rate of interest paid during year Oct. 31. Apr. July 31, Interest payable Jan. 31, 30, . 5% . Rate of interest $497 23 Other expenses $497 23 on loans: $4,860.00 at 6%; $62,484.35 at 7%; $10,567.68 at 8%; $11,411.89 at 12%. Total BOSTON — FORTY ASSOCIATES CREDIT UNION Incorporated November 30, 1926. Began business January 1927 Hyman Bauman, Daniel Miller, President Samuel Board 3, J. Treasurer Cohen, Clerk of Corporation Jacob Backer, Hyman Bauman, Myer Bebchick*, S. J. Cohen, Hyman Goldbergt, Harry Korninskyf, Wolf Meinketf, Daniel Miller, Harry Oilshiver*, Samuel Segel*, Morris Weiner. of Directors: Meetings held at 288 Blue Hill Avenue. * Credit Committee. t Auditing Committee. P.D. 8, 23 Part IV. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured 5,645 27 Secured Deposits subject to check 546 220 15 49 . Furniture and fixtures Expense, less current income 00 48 00 00 2,960 78 Shares Guaranty fund Undivided earnings 424 19 90 78 $3,475 75 $3,475 75 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 6 20 60 26 00 . Rate of dividend, none paid ...... ...... Total Expenses for Year Salaries Rent $240 00 168 00 28 50 Other expenses $436 50 Total Rate on loans: of interest £3,191.27 at 8%. BOSTON — FRANKLIN AID CREDIT UNION Incorporated October 5, 1926. Began business October 5, 1926 Barney Weiner, Treasurer Joseph B. Shanis, President Harry A. Cohen, Clerk of Corporation \ H. Bobrick*, Joseph Canefsky*, Frederick Chariest, O. I. Civenf, H. A. Cohen, Louis Feinstein, N. L. Ginsberg, A. S. Katz*, Harry Lukatch*, B. L. Norman*, J. B. Shanis, K. H. Slypack, Aaron Spectorf", Abraham Tilken, Barney Weiner. Board of Directors: S. Meetings held at 704 Morton Street (Dorchester District). STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured $57,368 9,879 3,910 3,374 711 20 Secured Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check Dash on hand Furniture and 92 00 50 43 76 00 1,119 13 . . . fixtures Shares Deposits $64,620 24 2,839 50 2,204 44 . Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities Bills payable 903 00 325 91 459 65 31 00 5,000 00 $76,383 74 $76,383 74 Membership Number added during year 195 145 614 333 dumber withdrawn during year iMumber of members, Dec. 31, 1930 . Number who are borrowers (Amount of entrance fee per member Rate Dividends 1930 5% of dividend, Nov., $1 00 Total Expenses for Year $2,163 00 1,208 30 Salaries Rent Deposits i I I dumber of depositors late of interest paid during year nterest payable Feb. 1, 1, Aug. May Rate 21 Other expenses 656 65 5% 1, of interest Nov. 1. on loans: Total 5,910.50 at 6%; $4,027 95 $67,247.92 at 7%. BOSTON — FRATERNAL CREDIT UNION Incorporated April 25, 1927. Villiam Began business May 23, 1927 H. Fleming, President Fred A. Herbert, Treasurer Fred A. Herbert, Clerk of Corporation oard of Directors: C. M. Daley*, W. H. Fleming, A. H. Garcelonf, J. F. Griffin, F. A. Herbert, J. L. Hughes*, G. T. Kelly*, W. B. Larkin*, J. F. Madden, Jr.*, J. F. O'Connell, J. M. O'Sullivanf, S. M. Paul*, Samuel Rosent, J. F. Ryder, C. H. Stevenson*. Meetings held at 24 Warren Street (Roxbury District). STATEMENT OF CONDITION, DECEMBER Assets 'ersonal loans: Unsecured Liabilities $60,191 50 Secured )eposits in savings )eposits subject to !ash on hand banks . check . .... 31, 1930 1,413 00 2,658 86 836 90 35 52 Shares Deposits . . Guaranty fund Reserve fund Undivided earnings Net current income $65,135 78 $65,135 78 * Credit Committee. $53,003 13 856 89 2,922 38 4,886 02 2,088 15 1,379 21 t Auditing Committee. 24 P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Dividends Rate of dividend, May, 1930 Nov., 1930 264 1 . 936 554 $1 00 Total Expenses for Year Interest payable May 1, Other expenses 4 232 05 6% year Nov. $2,475 00 Rent Number Rate Part IV. 4% 4% Salaries Deposits of depositors of interest paid during 8, Total 1. Rate of interest $2,707 05 on loans: $61,604.50 at 8%. BOSTON — FRIENDSHIP CREDIT UNION Began business December Incorporated December 16, 1926. Max 20, 1926 Philip Locomovich, Treasurer Rosenberg, President Frank Ronkin, Clerk of Corporation Board of Directors: Julius Gorelick*, Philip Locomovich, Samuel Nelson*, Mary Pareskyf, Joseph Price,* Frank Ronkin, Abraham Roosov, Max Rosenberg*, Myer Schultzf, Jacob Wilsonf, Nathan Wilson*. Meetings held at 1161 Blue Hill Avenue (Dorchester District). STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans : Liabilities Unsecured Secured Deposits in savings banks Deposits subject to check $7,669 50 3,370 00 Shares Undivided earnings Net current income Other liabilities 432 98 947 45 . . ... . $11,803 50 509 69 95 29 5 45 6 00 Guaranty fund . . . $12,419 93 $12,419 93 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 14 11 . ...... Total Expenses for Year 100 71 Salaries Rent Other expenses $1 00 .... . Total Rate of interest on loans: BOSTON ),259.50 at 6%; — GASTON November Incorporated 11, 1927. 6% of dividend, Nov., 1930 $1,380.00 at 8%; $200 00 172 00 225 18 $597 18 $400.00 at 10%. CREDIT UNION Began business November 11, 1927 Mary Lena Bornstein, President Billender, Treasurer Minnie Smith, Clerk of Corporation Board of Directors: Molly Bennett, Mary Billender*, Lena Bornstein*, Sarah London, Sarah Mendell*, Esther Midmanf, Etta Ranen*, Dorothea Rogovinf, Jeanette Smithf, Minnie Smith*, Esther Tzudiker. Meetings held at 35 Intervale Street (Roxbury District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check 31, 1930 ...... .... .... Liabilities $1,688 56 2,094 94 641 82 . Shares Guaranty fund Undivided earnings Net current income .... $3,966 75 184 01 230 96 43 60 $4,425 32 $4,425 32 Dividends Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 17 7 . Rate of dividend, 54 $1 00 ...... ...... .... Total Expenses for Year 84 . none paid Salaries Rent Other expenses Total . . . $78 00 44 00 3 46 $125 46 i •Rate of interest on * Credit Committee. lc >ans: $3,783.50 at 8%. t Auditing Committee. P.D. 8, Part IV. 25 BOSTON — GENEVA CREDIT UNION Incorporated November 6, 1926. Began business December 6, 1926 Louis Mitnick, Treasurer Louis Bush, President Donald Stahl, Clerk of Corporation Board of Directors: Harry Aronsonf, Louis Bush, Julius Fellman*, Myer Joseph*, M. L. Levyt, Louis Mitnick, B. P. Perry, J. J. Rothberg*, Abraham Shuman*, Donald Stahl*, David Zeidmanf. Meetings held at 19 Otisfield Street (Roxbury District). STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Liabilities $10,895 34 2,446 50 840 50 734 20 . $11,882 90 Shares Guaranty fund 47 35 92 90 13 00 1,000 00 950 292 691 85 Reserve fund Undivided earnings Net current income Other liabilities Bills payable $14,916 54 $14,916 54 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 13 Dividends 1930 61 $1 00 of interest 6% of dividend, Nov., 20 98 . Rate Rate Total Expenses for Year Other expenses $364 00 120 00 414 09 Total $898 09 Salaries Rent on loans: $11,544.84 at 7%; $1,797.00 at 9%. BOSTON — GILCO CREDIT UNION Incorporated July 11, 1914. Began business July 22, 1914 Ubert E. Stevens, President Charles W. Harvey, Treasurer Ella E. Leach, Clerk of Corporation Board of Directors: Clarence Carlisle, Charles Chisholm, John Collins*, John Corbett, C. W. Downes*, C. W. Harvey, Robert Heartz, J. L. Hudgins*, Catherine Kempl, Ella E. Leach, F. W. Leavitt, Isabel F. May, H. G. Nielandf, George Pragerf, Sigma Saylorf, Dora Schuser, A. E. Stevens, Rose Stone, F. F. Vorenberg, Fred Vorenberg, Bruce Whiston. Meetings held at 417 Washington Street. STATEMENT OF CONDITION, DECEMBER Assets 'ersonal loans: Liabilities Unsecured Secured 2nd mortgages ..... leal estate loans: >onds to-operative bank shares )eposits in savings banks deposits subject to check teal estate by foreclosure 31, 1930 . $20,682 31,534 8,696 11,326 3,400 2 23 17 Shares Deposits 47 40 00 00 Guaranty fund Undivided earnings Net current income . 1,378 19 . 4,040 36 $32,158 89 36,180 55 2,752 59 2,741 24 226 55 7,000 00 . payable Bills $81,059 82 $81,059 82 Membership umber added during year umber withdrawn during year 210 . r 'umber of members, Dec. 31, 1930 umber who are borrowers mount of entrance fee per member j Rate Dividends 1930 6% of dividend, Nov., 147 812 488 none . Total Expenses for Year 1,412 33 Salaries Rent Deposits j umber of depositors [ate of interest iiterest payable 352 May Rate 1, Nov. of interest Other expenses 5% paid during year Total 1. on loans: * Credit 1,534.17 at Committee. 6%; $8,696.47 at . 7^%; .... $20,682.23 at t Auditing Committee. 8%. 426 88 $1,839 21 26 P.D. BOSTON — GLENWAY CREDIT UNION Incorporated March 24, 1927. Began business March 8, Part IV. 24, 1927 Samuel Levenson, President Jacob S. Cohen, Treasurer Jacob Gordon, Clerk of Corporation Board of Directors: Benjamin Belkinf, Max Belkinf, Philip Broesman*, J. S. Cohen, Fred Elashoff, Goldi Goldbergf, Abraham Goldenberg*, Jacob Gordon, Samuel Gordon, Samuel Levenson, Nathan Macklin*. Meetings held at 6 Bradshaw Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Deposits subject to check Expenses, less current income $7,737 974 391 28 . 34 Shares 00 61 Guaranty fund Undivided earnings 87 Other .... .... .... . . . liabilities . . $9,131 82 . Rate of interest 18 75 Dividends 1930 12 4 84 Rate 48 Salaries 6% of dividend, Nov., ...... .... Total Expenses for Year Other expenses $250 00 60 00 204 70 Total $514 70 Rent $1 15 . 460 46 126 90 $9,131 82 Membership Number added during year Number withdrawn during year Number of members, Dee. 31, 1930 Number who are borrowers Amount of entrance fee per member $8,525 71 on loans: $2,384.00 at 6%; $6,327.34 at 8%. BOSTON — GLOBE CREDIT UNION Incorporated June 4, Began business June 1930. 1930 4, Charles H. Denvir, Treasurer Robert Entwistle, President Charles H. Denvir, Clerk of Corporation Board of Directors: W. X. Cunningham, A. F. Demersf, C. H. Denvir*, J. F. Dineen, L. C. Donovanf, A. D. Edmonds, Robert Entwistle*, J. H. E. Gallagherf, J. F. Kelly, B. P. Mullaney*, Herman Popp, W. J. Quirk. Meetings held at 244 Washington Street. STATEMENT OF CONDITION, DECEMBER Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 1st Cash on hand $45,630 8,007 4,700 213 4,158 200 mortgages Deposits in savings banks Deposits subject to check 31, 1930 .... . . 00 00 00 26 21 00 ...... .... .... Shares Guaranty fund Undivided earnings Net current income .... $62,908 47 581 Rate Dividends 1930 of dividend, Nov., 5 . 576 274 none ...... ...... .... ..... Rent Total of interest 6% Total Expenses for Year Salaries Other expenses Rate 00 08 44 95 $62,908 47 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member $57,500 4,490 41 876 $3,226 00 150 00 353 58 $3,729 58 on loans: $4,700.00 at 6%; $53,637.00 at 10%. BOSTON — GOODFELLOWSHIP CREDIT UNION Incorporated June 28, 1929. Israel Began business November 1, 1929 Benjamin Lemchen, Treasurer Cohen, President Maurice Brown, Clerk of Corporation Board of Directors: Maurice Brownf, Israel Cohen, Joseph Cohen, Abraham Davis, Oscar Fleisherf, Samuel Greenfield, Benjamin Lemchen*, M. D. Salomon, M. J. Shufrot, Israel Shulkin*, J. N. Smith*. Meetings held at 42 Mt. Vernon Street. * Credit Committee. t Auditing Committee. P.D. 8, 27 Part IV. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities $10,879 6,000 284 150 Personal loans: Secured Deposits in savings banks Deposits subject to check Other assets 00 00 85 00 $16,074 80 160 85 349 44 728 76 Shares Guaranty fund Undivided earnings Net current income $17,313 85 $17,313 85 Membership DividsTtdfi Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . Rate of interest 2 4 29 29 Rate 00 Rent 8% of dividend, Nov., 1930 Total Expenses for Year Other expenses $260 00 150 00 316 99 Total $726 99 Salaries on loans: $10,879.00 at 8%. BOSTON — GREATER BOSTON PUBLIC SCHOOL EMPLOYEES CREDIT UNION Incorporated February 14, 1921 Patrick M. Connolly, President Began business April 1921 4, Elizabeth T. McSweeney, Treasurer Elizabeth T. McSweeney, Clerk of Corporation Board of Directors: T. E. Bunyon*, T. J. Bunyon, J. F. Carr* Richard Clayton, J. J. Connelly, Jr., P. M. Connolly, B. J. Dooley, C. D. Gallagher, J. L. Galway, C. A. Kenneallyf, W. H. Lesure, John McMurrert, Elizabeth T. McSweeney, J. J. Nortonf, Margaret M. O'Neil, B. F. Quimby* C. F. Travis. Meetings held at 15 Beacon Street. STATEMENT OF CONDITION, DECEMBER Assets Liabilities Personal loans: Unsecured $11,340 176 2,000 537 2,749 358 132 Secured Co-operative bank shares Deposits in savings banks Deposits subject to check Cash in hand 31, 1930 . .... . . Expense, less current income 05 85 00 82 10 ..... Shares Guaranty fund Reserve fund $14,555 31 951 35 100 00 1,686 69 1 50 .... Undivided earnings Other liabilities . 07 96 $17,294 85 $17,294 85 Membership ^Number added during year [Number withdrawn during year Number of members, Dec. 31, 1930 24 20 185 76 Rate 25 cents Rent . Number who [Amount are borrowers of entrance fee per member Dividends 1930 ..... ..... Total Expenses Salaries for Other expenses of interest Year $585 50 - 150 24 $735 74 Total Rate 8% of dividend, Nov., on loans: $11,516.90 at 12%. BOSTON — GREENWOOD CREDIT UNION Incorporated June 22, 1927. Began business July 18, 1927 Benjamin Brown, Treasurer oseph Spielman, President Benjamin Brown, Clerk of Corporation hard of Directors: B. H. Bluestein*, Benjamin Brown*, Edward Brown, Joseph Fishman, Rebecca Fivenson, Martin Formanf, D. H. Gorenf, Abraham Siegel, Joseph Spielman*, Harry Swartzf, Jack Talberth. Meetings held at 29 Gleason Street (Dorchester District). STATEMENT OF CONDITION, DECEMBER Assets ersonal loans: Unsecured Secured check >eposits subject to . 31, 1930 Liabilities $2,140 00 1,409 00 853 37 Shares ..... Guaranty fund Undivided earnings Net current income . . 725 70 126 05 $4,402 37 $4,402 37 * Credit Committee. $3,362 71 187 91 t Auditing Committee. 28 P.D. Membership 8, Part IV. Dividends Rate of dividend, Nov., 1930 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 8% . 42 24 none Total Expenses for Year $150 00 Salaries Rent Other expenses 4 00 Total Rate of interest on loans: $154 00 12%. 3,549.00 at BOSTON — HARMONY CREDIT UNION Incorporated March 17, 1927. Began business March 28, 1927 Samuel Kansky, President Alexander Ellis, Treasurer Louis Kansky, Clerk of Corporation Board of Directors: Jacob Adelmanf, Morris Bloom, Louis Dushinsky*, Alexander Ellis, Jacob Greenbergf, Louis Kansky, Samuel Kansky, Israel Perlmutter*, Samuel Shapiro*, Max Shulmant, Morris Swartz. Meetings held at 228 Chelsea Street (East Boston District). STATEMENT OF CONDITION, DECEMBER Assets Liabilities Personal loans: Unsecured Secured Deposits subject to check 31, 1930 $3,024 50 2,866 00 118 93 . ..... Shares $5,678 21 302 50 9 92 15 80 3 00 .... Guaranty fund Reserve fund Net current income Other liabilities . $6,009 43 $6,009 43 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 7 Rate of dividend, 10 . 66 41 $1 00 Dividends Nov., 1930 6H% ..... ..... Total Expenses for Year Salaries Rent Other expenses $200 00 44 00 79 96 . Total Rate of interest $323 96| on loans: $5,890.50 at 8%. BOSTON — HAROLD CREDIT UNION Incorporated November 3, 1926. Began business November 9, 1926 Fishel Winecor, President Israel Aronoff, Treasurer Aaron Cohen, Clerk of Corporation Board of Directors: Israel Aronoff, Aaron Cohen, Max Dollin*, Nathan Goldsmith, Israel Goldstein, Harry Nasonf, George Ober*, H. H. Rudofskyf, Joe Solovf, Hyman Stone*, Fishel Winecor. Meetings held at 1165 Blue Hill Avenue (Roxbury District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities $18,005 25 5,185 00 1,000 00 1,237 62 . . ..... Shares .... Guaranty fund Reserve fund Undivided earnings Net current income Other . . liabilities ». $23,832 96 743 99 324 99 276 81 246 12 3 00 $25,427 87 $25,427 87 D i.vidcTxds Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 25 Rate of dividend, 154 106 $1 00 May, 1930 Nov., 1930 19 . ..... ..... Other expenses Total of interesi . on loans: $1,24 0.00 at 6%; $21,950.25 at 8%. * Credit Committee. 4% 4% Total Expenses for Ye Salaries Rent Rate . t Auditing Committee. $416 00 195 00 244 29 $855 29 P.D. 8, 29 Part IV. BOSTON — HARRISON Incorporated February 16, 1927. Israel CREDIT UNION Began business February 21, 1927 Jacob N. Lipman, Treasurer Freedman, President Jacob N. Lipman, Clerk of Corporation Board of Directors: Jacob Adler, Harry Brown, Harry Cutler, Morris Deattlebaum, Al Elmanf, Israel Freedman*, Samuel Goldsteinf, Philip Greenf, Samuel Katz, J. N. Lipman*, Abraham Yanovitch*. Meetings held at 390 Harrison Avenue. STATEMENT OF CONDITION, DECEMBER Assets Liabilities Personal loans: Unsecured Secured Deposits subject to check 31, 1930 . ..... Shares $4,107 00 320 00 109 93 Guaranty fund Undivided earnings Net current income Other . $4,188 63 145 68 14 97 180 65 . . . 7 00 liabilities $4,536 93 $4,536 93 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 7 4 . of dividend, 41 25 May, 1930 4% Nov., 1930 none ..... ..... Total Expenses for Year $1 00 Salaries Rent Other expenses $166 20 74 00 43 45 . $283 65 Total Rate of interest on $4,427.00 at 10%. loans: BOSTON — HARRY RUBIN CREDIT UNION Incorporated October 22, 1926. Began business October 26, 1926 Adolph Lagoon, Treasurer Phillip Swartz, President Leo Meltzer, Clerk of Corporation Board of Directors: David Cabittf, Nathan Hadlerf, Jacob H°ff man Harry Hurwitzf, David Kahn*, Adolph Lagoon*, Hyman Melnick*, Leo Meltzer, Harry Rubin, Phillip Swartz (one vacancy). > Meetings held at 87 Chambers Street. STATEMENT OF CONDITION, DECEMBER Assets Liabilities Unsecured Secured Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check Personal loans 31, 1930 : . . . . . . . . . . . . $12,952 18,158 5,475 2,339 3,534 ..... 88 Shares 12 Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities 00 55 73 $39,180 44 .... . . 1,737 14 . 50 00 937 44 550 26 5 00 . . $42,460 28 $42,460 28 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . 28 Rate Dividends 1930 7% of dividend, Nov., 18 Total Expenses for Year 228 137 $1 00 Salaries . . $450 00 180 00 162 60 . . Rent Other expenses . $792 60 Total Rate of interest on loans: $12,425.00 at 6%; $22,861.00 at 8%; $1,300.00 at 10%. BOSTON — HAVELOCK CREDIT UNION Incorporated October 22, 1926. Began business October Samuel Shain, President 26, 1926 Arthur J. Reinhart, Treasurer Charles L. Kaplan, Clerk of Corporation Board of Directors: Reuben Fliegelman*, Harry Green*, Harry Liebersteinf, A. J. Reinhart*, Frank Rosenbergf, Abraham Hermanf, C. L. Kaplan, Hyman Levine*, Samuel Shain*, Samuel Shienfeld*, Philip Soloway.* Meetings held at 1165 Blue Hill Avenue (Dorchester District). * Credit Committee. t Auditing Committee. 30 P.D. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures 8, Part IV. 31, 1930 Liabilities $16,990 77 4,469 50 1,923 77 1,005 14 . . 250 00 ..... Shares .... Guaranty fund Reserve fund Undivided earnings Net current income Other . . . $22,825 43 1,496 86 146 57 106 6 . . liabilities $24,639 18 Dividends 24 Rate of dividend, 222 ..... Total Expenses for Year 124 2 00 Salaries Rent . . Other expenses of interest . $635 00 196 25 341 40 . .... Total Rate 00 2V2 % 5% May, 1930 Nov., 1930 61 . 18 81 $24,639 18 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 90 $1,172 65 on loanss: $21,460.27 at 7%. BOSTON — HERALD-TRAVELER EMPLOYEES CREDIT UNION Incorporated July 22, 1926. Began business August 6,il926 John R. Jackson, Treasurer Wesley F. Barber, President Frances E. Ward, Clerk of Corporation Board of Directors: W. F. Barber, Harold Bennison, Frederick Charles, CeliaGochros, A. J. Harroldf, R- J. Hastie, Sadie J. Henderson*, J. R. Jackson, E. V. Jost*, J. P. McGowanf, J. J. O'Brient, G. S. Ross, W. A. Tabb*, Angie M. Tortola, Frances E. Ward. Meetings held at 80 Mason Street. STATEMENT OF CONDITION, DECEMBER Assets Liabilities Personal loans: Unsecured Secured . Real estate loans: 2nd mortgages Co-operative bank shares Deposits subject to check 31, 1930 $21,587 13 3,163 10 670 00 1,905 30 1,105 98 . . Shares Deposits ..... ..... .... Guaranty fund Reserve fund Undivided earnings Net current income Other . . liabilities Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 109 45 476 237 . Rate Total Expenses for Year 25 cents ..... 21 of depositors of interest paid during year 1, Dec. . Rent Deposits Number 7% of dividend, Nov., 1930 Salaries Rate 732 43 606 48 38 50 $28,431 51 $28,431 51 Interest payable June $25,323 21 146 00 1,090 74 494 15 Other expenses $1,299 00 — 187 41 none 1,486 41 Total 1. Rate of interest on loans: $25,420.23 at 8%. BOSTON — HILL CREDIT UNION Incorporated January 13, 1927 Began business January 13, 1927 Clara Apple, Treasurer Jennie Rosenthal, President Augusta Fisher, Clerk of Corporation Board of Directors: Clara Apple*, Edith Blender, Clara Challant*, Dora Davis, Augusta Fisher, Dora Goldberg*, Sadie Lamphef, Eva Lowenberg, Elizabeth Pearlman, Jennie Rosenthal! Bessie Small.f , Meetings held at 17 Homestead Street (Roxbury District). STATEMENT OF CONDITION, DECEMBER Personal loans: Unsecured Secured Deposits subject to check $8,281 63 . 31, 1930 Liabilities Assets 6,802 00 2,580 39 Shares Guaranty fund Undivided earnings Net current income Other liabilities $17,664 02 $17,664 02 * Credit Committee. $16,765 89 519 16 295 34 79 63 4 00 t Auditing Committee. . P.D. 8, 31 Part IV. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1929 Number who are borrowers Amount of entrance fee per member 21 19 92 69 . 00 Dividends Rate of dividend, none paid ...... ...... Total Expenses for Year Salaries Rent Other expenses . Total Rate of interest $208 00 104 00 20 39 $332 39 on loans: $15,083.63 at 8%. BOSTON — HILLSIDE CREDIT UNION Incorporated October 25, 1926. Began business November 1926 1, Samuel Shapiro, Treasurer Morris Eavzan, President William Callman, Clerk of Corporation Board of Directors: William Callman, Morris Eavzan, Abraham Fishbon, Samuel Goldberg*, Matthew Gross, Louis Hammer*, Morris Hotnick*, Asher Lewisf, Rubin Malinsky, Bennie Newmanf, Morris Newman, Solomon Pritzker, Abraham Segal, Samuel Shapiro (one vacancy) Meetings held at 18 Phillips Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures Liabilities $64,533 69 27,630 00 4,631 20 538 31 75 00 . . Shares . $87,937 36 6,013 17 1,344 13 905 47 1,197 07 . - Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities 11 00 $97,408 20 $97,408 20 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 87 84 482 363 L 00 . Rate of dividend, 4% 4% May, 1930 Nov., 1930 Total Expenses for Year ,020 00 Salaries Other expenses 199 00 567 56 Total ,786 56 Rent Rate of interest on loans: $92,163.69 at 6%. BOSTON — HOMESTEAD CREDIT UNION November Incorporated Abraham Greenberg, 16, 1926. Began business November 16, 1926 Eli Berch, Treasurer President Sol II. Shapiro, Clerk of Corporation Board of Directors: Eli Berch, Jacob Bernstein, Joseph Brownf, Harris Cooper, Bennett Dorfman*, Fannie Dorfman, Isaac Goldman*, Abraham Greenberg, A. S. Karff, Harry Kumminsf, William Meshorer, Mary Millman, Joseph Prager, *Samuel Prager, S. H. Shapiro. Meetings held at 288 Blue Hill Avenue (Roxbury District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities $8,426 95 5,000 00 21 91 . 371 96 . Shares ..... $13,224 75 309 65 38 74 242 68 .... Guaranty fund Reserve fund Net current income Other liabilities . 5 00 $13,820 82 $13,820 82 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . 31 35 112 76 $1 00 Rate of dividend, 4% sy2 % May, 1930 Nov., 1930 . . ...... ...... Total Expenses for Year Salaries Rent Other expenses . . . . $389 67 Total Rate * Credit Committee. of interest on loans: $13,426.95 at $250 00 101 00 38 67 8%. t Auditing Committee. One vacancy. . 32 BOSTON — HOWARD Incorporated October 29, 1926. Samuel P.D. 8, Part IV. CREDIT UNION Began business November Phillips, President 1926 8, Isaac Duberstein, Treasurer Louis A. Cron, Clerk of Corporation Board of Directors: Max Cohenf, L. A. Cron, Israel Duberstein, Benjamin Frutkoff*, William Genst, Charles Lottof, Fred Myers, Samuel Phillips, Abraham Sternberg, Morris Tonkin*, Harry Yaffe*. Meetings held at 288 Blue Hill Avenue (Roxbury District) STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Liabilities $4,047 20 1,402 00 547 68 . Shares .... .... .... .... . . . Guaranty fund Undivided earnings Net current income Other liabilities . . $5,354 10 470 37 83 54 85 87 3 00 $5,996 88 $5,996 88 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 28 39 76 48 $1 00 . Rate of dividend, 3% May, 1930 Nov none 1930 , ...... .... Total Expenses for Year Salaries Rent . . . . . Other expenses $200 00 96 00 185 90 $481 90 Total BOSTON — HOWCO CREDIT UNION Incorporated February Silas G. Began business March 1, 1930 Harry Epstein, Treasurer Wiseman, President Timothy Board 12, 1930. J. Linehan, Clerk of Corporation of Directors: J. J. Callahan*, C. J. Curcio, nellf, Harry Epstein, T. J. Linehan, A. J. Lundstedt*, Frank MagJ. H. Rooney, G. S. Weeksf, S. G. Wiseman*. Helen O. McBridef, C. B. MacLean, Meetings held at 9 Knapp Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Secured Deposits subject to check 31, 1930 Liabilities $1,190 00 1,827 50 . ..... Shares Guaranty fund Undivided earnings Net current income Other . . liabilities Dividends 1930 Membership 70 Rate Rate 63 24 25 cents 4% of dividend, Nov., 7 . 24 55 35 45 36 22 25 $3,017 50 $3,017 50 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member $2,921 03 ..... ..... Total Expenses for Year Salaries - Other expenses $3 00 Total $3 00 Rent of interest on loans: $1,190,00 at 6%. BOSTON — HOWES CREDIT UNION Incorporated November 29, 1929. Began business January Mary of Directors: Gloverf, Hazel Mary 1930 Rufus G. Bickford, Treasurer Arthur Pollock, President Board 6, E. Murray, Clerk of Corporation Atwoodf, Frank Bertram*, R. G. Bickford, F. M. Cameron, John Doherty, R. E. Murrayf, Arthur Pollock, J. A. Roche*, E. A. Sears*, Esther Smicer. I. Meetings held at 511 Medford Street (Charlestown District). * Credit Committee. t Auditing Committee. M. P.D. 8, 33 Part IV. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured. Deposits subject to check Other assets $796 00 16 99 19 00 Shares $631 00 201 79 26 43 . Guaranty fund Net current income Other 27 14 liabilities $859 22 $859 22 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 51 4 47 20 . of interest none paid Total Expenses for Year Salaries Rent 25 cents Rate of dividend, Other expenses $68 16 Total $68 16 on loans: $631.00 at 6%. BOSTON — HUB CREDIT UNION Incorporated October 19, 1926. Began business October 20, 1926 Morris Yelovitz, Treasurer Louis Mazor, President Saul Goldberg, Clerk of Corporation Board of Directors: Louis Bazoll*, Morris Diamond, D. I. Fox*, H. G. Fox, Isadore Feinmanf, Saul Goldberg, Harry Kislofff, H. P. Lipman, Louis Mazor, David Meselinger, Abraham Polov, M. H. Rolef, Samuel Rosenblatt*, B. J. Selig, Morris Yelovitz. Meetings held at 92 Leverett Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities $12,824 2,306 734 395 . . 00 00 50 33 ..... Shares .... Guaranty fund * Reserve fund Undivided earnings Net current income Other liabilities . ... . $16,259 83 $16,259 83 Membership Number added during year Number withdrawn during year Niumber of members, Dec. 31, $13,196 84 956 35 1,437 25 584 78 81 61 3 00 Dividends 33 42 156 96 $1 00 . 1930 Number who are borrowers Amount of entrance fee per member Rate of dividend, May, 1930 3% Nov., 1930 none ..... Total Expenses for Year Salaries Rent . . . . . Other expenses $679 82 Total Rate c )f interest on loa ns: $437 00 96 00 146 82 8%. $15,130.00 at BOSTON — HUMBOLDT CREDIT UNION Incorporated October 28, 1926. Began business November 2, 1926 Nathan Barron, Treasurer Benjamin Hirsch, President Charles F. Finkelstein, Clerk of Corporation Board of Directors: Nathan Barron, Annie Barsh*, Nathan Beiglemanf, Isaac Duberstein, C. F. Finkelstein, Arthur Goldf, Oscar Goldt, A. J. Hart, Benjamin Hirsch, Joseph Needle*, Barnet Rubinstein*. Meetings held at 113 Harold Street (Roxbury District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check . . 31, 1930 Liabilities $14,326 64 2,534 50 1,479 79 59 60 Shares ..... Guaranty fund .... Reserve fund Undivided earnings Net current income Other liabilities . . $18,400 53 * Credit Committee. $16,686 1,006 115 235 349 76 28 34 24 91 7 00 $18,400 53 t Auditing Committee (one vacancy). P.D. 34 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 38 19 173 107 . $1 00 4% 4% $312 00 96 00 404 86 Other expenses Total of interest Part IV. Total Expenses for Year Salaries Rent Rate 8, Dividends Rate of dividend, May, 1930 Nov., 1930 on loans: $812 86 16,861.14 at 8%. BOSTON — HUNT-SPILLER CREDIT UNION Incorporated October 15, 1930. Began business November 1930 5, Edith M. Cobb, Treasurer Albert G. Clukas, President Edith M. Cobb, Clerk of Corporation Board of Directors: C. J. Atwater, J. J. Cadger, A. G. Clukas, Edith M. Cobb, W. S. Courtney*, N. H. Irvine, Gertrude Johnsonf, J. F. Joyce*, A. H. Lindsay, Jr., J. M. Maxwell*, George Parkerf, W. W. Smith, Edith H. Youngf. Meetings held at Dorchester Avenue (South Boston District). STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities $701 50 583 44 13 06 Personal loans: Unsecured. Deposits subject to check Expense, less current income . $1,254 50 43 50 Shares Other liabilities $1,298 00 $1,298 00 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 174 Rate none paid of dividend, . Total Expenses for Year 174 16 25 cents Salaries Rent $60 77 Other expenses 77 Total Rate of interest on loans: $701.50 at 7%. BOSTON — INDEPENDENT ORDER SONS OF ITALY CREDIT UNION Incorporated December Guiseppe 3, 1923. Began business January 1924 1, Letterio Quattrocchi, Treasurer Scionti, President Letterio Quattrocchi, Clerk of Corporation Board of Directors: Francesco Campanellaf, Antonio Carina*, Pietro Cacciolaf, Arnaldo De Nicola, Lorenzo Danato, M. B. Gradone, Salvatore Mocciaf, Federico Perillo*, Letterio Quattrocchi, Guiseppe Scionti, Michele Storella*. Meetings held at 47 Hanover Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Deposits subject to check Expense, Jess current income $2,368 00 168 35 8 00 Shares Deposits ...... .... .... . . Guaranty fund Undivided earnings Membership Dividends 10 63 85 19 . Rate of dividend, $1 00 . Rent Deposits Number 4 of depositors of interest paid during year Interest payable 15, Nov. 15. May ..... ...... .... Other expenses 5% Rate Total of interest * Credit Committee. on none paid Total Expenses for Year Salaries Rate 92 39 78 26 $2,544 35 $2,544 35 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member $1,303 562 584 93 lo;ins: $2,368.00 at . . . 8%. t Auditing Committee. $75 00 88 00 35 55 $198 55 P.D. 8, Part IV. 35 BOSTON — INDUSTRIAL CREDIT UNION November Incorporated Eva Whiting White, 23, 1910. Began business December 7, 1910 Joseph Campana, Treasurer President Alice C. Gleason, Clerk of Corporation Board of Directors: R. F. Bergengren, Joseph Campana, Elizabeth B. Ely, Gertrude L. Fletcher*, Marion French, W. H. Galvin*, Agnes C. Gartland, Alice C. Gleasonf, Marion Godfrey, Marie B. Griggsf, C. R. Lyndet, Margaret B. Martell, Ethel Richardson, Mary H. Tolman*, Eva W. White. Meetings held at 264 Boylston Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured $52,365 18,807 5,150 4,952 3,203 2,000 986 50 Real estate loans: 1st mortgages ..... 2nd mortgages Bonds Deposits in savings banks Deposits subject to check Cash on hand .... . . $76,408 71 19 56 Shares Deposits 00 Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities 95 05 00 40 1,814 98 6,121 96 . 80 00 . 2,284 94 772 06 32 50 00 $87,515 15 $87,515 15 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 289 103 . Rate Dividends 1930 6% of dividend, Nov., 1,089 433 50 cents Total Expenses for Year $3,010 00 Salaries Rent Deposits Number Rate 25 of depositors of interest paid during year Interest payable Apr. Rate Oct. 1, of interest 641 65 Other expenses 3K% $3,651 65 Total 1. on loans: $23,957.56 at 6%; $52,365.19 at 7%; $4,952.95 at 8%. BOSTON — INTERCITY CREDIT UNION Incorporated January 22, 1927. Began business January 22, 1927 Edward Louis Shulman, President Barney Cohn, Clerk I. Levine, Treasurer of Corporation Board of Directors: Max Abkowitzf, Barney Cohn, E. I. Levine, Julius Levine, Joseph Lipoff, Harry Lisker,* S. N. Marksf, Isadore Millman*, Samuel Schwall*, Louis Shulman, Saul Silberberg. Meetings held at 47 Mt. Vernon Street. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities $2,800 00 Personal loans: Secured Co-operative bank shares Deposits subject to check 800 00 1,550 28 Shares ...... .... .... Guaranty fund Undivided earnings Net current income .... $5,150 28 $5,150 28 Membership Dividends > - Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate of dividend, 23 16 $10 00 Rent of interest ...... .... Total Expenses for Year Salaries Rate 4% 4% 5% May, 1930 Nov., 1930 extra dividend 2 . $4,356 14 743 42 16 55 34 17 . . . . . — — . Other expenses $7 10 Total $7 10 on loans: $1,800.00 at 6%; $825.00 at 8%; $175.00 at 10%. BOSTON — INTERVALE CREDIT UNION Incorporated November 15, 1926. Morris J. Began business November 15, 1926 Hyman Fine, President A. J. Silverman, Treasurer Hart, Clerk of Corporation Board of Directors: Solomon Beckner*, M. J. Fine, Samuel Goldenberg, Abraham Grayf, A. J. Hart, Samuel Kassler*, M. H. Katz,* A. D. Levinef, Louis Meislich*, Harold Myers, Sumner Myerst, Hyman Silverman, Jacob Smolens*. Meetings held at 35 Intervale Street (Roxbury District). * Credit Committee. t Auditing Committee. P.D. 36 STATEMENT OF CONDITION, DECEMBER 8, Part IV. 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Deposits subject to check Expense, less current income $1,914 99 2,177 21 658 25 40 06 . Shares L.435 81 Guaranty fund Reserve fund 308 12 46 58 $4,790 51 $4,790 51 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 23 ;i 47 00 6% of dividend, Nov., 1930 21 82 . Rate Rate Total Expenses for Year Other expenses $125 00 94 00 55 06 Total $274 06 Salaries . Rent on loans: $4,092.20 at 8%. of interest BOSTON — JAMAICA PLAIN CREDIT UNION Incorporated October 18, 1926. Began business October 25, 1926 Joseph Bawman, Treasurer Samuel Kaufman, President Joseph Schneider, Clerk of Corporation Board of Directors: Joseph Bawman*, Abraham Braverman*, Gerson Chmara, H. W. Davisf, Samuel Goldbergf, Isadore Hershoff, Samuel Kaufman*, Farley Rosen, Frank Santisi, Joseph Schneider*, Samuel Schneider, Charles Snider, Samuel Solov*, Joseph Stumpff, Benjamin Tamkin. Meetings held at 63 Bickford Street (Jamaica Plain District). STATEMENT OF CONDITION, DECEMBER 31,. 1930 Assets Liabilities Personal loans: Unsecured Secured . Real estate loans: 2nd mortgages Deposits subject to check Other assets Overs and shorts Real estate by foreclosure .... . $21,986 3,775 13,459 1,766 10 22 74 37 23 32 1 00 Shares 37,748 01 Guaranty fund Undivided earnings Net current income Other 2,318 41 2,067 19 359 61 10 00 liabilities 1,504 34 . $42,503 22 $42,503 22 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 59 80 275 185 $1 00 Rate of dividend, 4% 4% May, 1930 Nov., 1930 Total Expenses for Year Other expenses $780 00 180 00 456 84 Total L.416 84 Salaries Rent Rate of interest on loans: ,609.33 at 8%; $1,950.00 at 10%; $3,662.00 at 12%. BOSTON — JAY JAY ESS CREDIT UNION Incorporated January 9, 1928. Began business January 16, 1928 Edward David Altman, President Z. Cohen, Treasurer Morris Rosenbloom, Clerk of Corporation Board of Directors: David Altman, Simon Altman*, -Rudolph Astor, Carl Astrachan*, E. Z. Cohen, Philip Goodmanf, Abraham Lernerf, Morris Rosenbloom, Myer Singer, Philip Weinermant, Harry Zimmerman* Meetings held at 18 Blossom Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check . 31, 1930 Liabilities $801 35 134 80 83 81 Shares ..... .... Guaranty fund Reserve fund Undivided earnings Net current income Other . . liabilities $1,019 96 * Credit Committee. $723 153 25 70 46 1 19 79 00 41 57 00 $1,019 96 t Auditing Committee. P.D. 8, Part IV. 37 Member sh ip Number added during year Number withdrawn during year Number of members, Dee. 31, 1930 Number who are borrowers Amount of entrance fee per member 2 6 . 29 8 $1 00 Dividends Rate of dividend, none paid Total Expenses for Year Salaries $81 00 . Rent Other expenses 14 00 Total Rate of interest $95 00 on loans: $936.15 at 8%. BOSTON — JEWISH WOMEN'S CREDIT UNION Incorporated July 14, 1927. Lizzie Goodman, Began business August 1, 1927 May President May Kantor, Treasurer Aronson, Clerk of Corporation May Aronson, Lizzie Goodman, May Kantor, Lena Korinskyf, Rebecca Lemelmanf, Frances Lefkovitz*, Annie Mullman*, Rose Weinberg* (three vacancies). Board of Directors: Meetings held at 17 Oneida Street. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Personal loans: Unsecured Deposits subject to check $1,079 00 34 60 ..... Shares Other $867 00 50 00 100 00 72 60 5 00 19 00 .... Guaranty fund Reserve fund Undivided earnings Net current income .• . liabilities $1,113 60 $1,113 60 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 5 17 . Rate of dividend, none paid Total Expenses for Year 21 21 Salaries 00 Rent $49 50 Other expenses 35 39 Total Rate of interest $84 89 on loans: $1,079.00 at 8%. BOSTON — KAST CREDIT UNION November Incorporated Abraham 9, 1926. Began business November 11, B. Cohen, President 1926 Louis Bush, Treasurer Joseph Kanter, Clerk of Corporation Board of Directors: Herman Bennett*, A. B. Bloom*, Jack Burnimf, Louis Bush*, A. B. Cohen*, Philip Fishman, Joseph Kanter, Al Lazarf, Leo Meltzer*, Harry Paynef, Eli Silver. Meetings held at 104 Hanover Street. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Personal loans: Unsecured Secured . Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check Expense, less current income . . $14,976 96 4,921 00 4,287 50 1,819 09 3,788 31 102 19 Shares ..... $25,180 28 1,464 21 244 56 6 00 3,000 00 Guaranty fund Undivided earnings Other liabilities Bills payable .... . $29,895 05 $29,895 05 Dividends 1930 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . 23 Rate 30 ..... ..... Total Expenses for Year 137 80 $1 00 Salaries Rent Other expenses Total Rate of interest * Credit 6% of dividend, Nov., $645 00 420 00 179 96 .... $1,244 96 on loans: $13,791.96 at 7%; $6,106.00 at 9%; $4,287.50 at 12%. Committee. t Auditing Committee. One vacancy. 38 P.D. BOSTON — KINGSDALE CREDIT UNION Incorporated December 13, 1926. Began business December Simon Meltzer, President 13, 8, Part IV. 1926 Benjamin Grossman, Treasurer Jacob H. Rochman, Clerk of Corporation Board of Directors: Nathaniel Abramsf, Nathan Cohen*, M. B. Drobnis, Benjamin Grossman, A. S. Katz*, Simon Meltzer, Betty Olickt, Yoal Pugatch, J. H. Rochman, Victor Shulmanf, Abraham Tilkin*. Meetings held at 50 Talbot Avenue (Dorchester District). STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Furniture and fixtures Liabilities 1,670 74 625 00 176 10 42 74 . Shares $4,991 81 177 39 6 17 339 21 Guaranty fund Net current income Other liabilities $5,514 58 $5,514 58 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 17 24 99 46 $1 25 . Rate of dividend, none paid Total Expenses for Year $201 00 102 94 102 30 Salaries Rent Other expenses $406 24 Total Rate BOSTON of interest 15,295.74 at — KING SOLOMON Incorporated December Max on loans: 17, 1926. 8%. CREDIT UNION Began business December 27, 1926 Julius Grood, Treasurer Zaslow, President Hyman H. Rudofsky, Clerk of Corporation Board of Directors: Henry Adelsteinf, Bernard Bleadon*, Morris Cole*, Julius Grood, Joseph Kline*, Henry Marks*, B. D. Rosenberg!, H. H. Rudofsky, Samuel Seltzer*, Julius Simmonsf, Max Zaslow. Meetings held at 50 Talbot Avenue (Dorchester District). STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Liabilities $7,425 91 1,464 00 324 45 63 31 , Other assets Shares 5,472 91 Guaranty fund Net current income 768 64 36 12 $9,277 67 $9,277 67 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 26 45 148 84 >1 00 . Rate of dividend, none paid Total Expenses for Year $335 00 173 00 265 04 Salaries Rent Other expenses Total Rate of interest on loans: 18,889.91 at $773 04 8%. BOSTON — LEVERETT CREDIT UNION Incorporated February 9, 1927. Began business March 1, 1927 Samuel Hechler, Treasurer, Samuel Rosenblatt, President John Gilman, Clerk of Corporation Board of Directors: Samuel Barmash, Morris Friedmanf, John Gilman, David Goldman*, Joseph Hechler*, Samuel Hechler, Max Katz*, Max Lincofft, Rubin Miller*, Max Mindis, Samuel Rosenblatt*, Rachel Stein, Louis Wolo witch f, Max Ziegler. Meetings held at 92 Leverett Street. * Credit Committee. t Auditing Committee. P.D. 8, 39 Part IV. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans : Liabilities Unsecured Secured Deposits subject to check $665 50 Shares 1,277 00 Guaranty fund Undivided earnings Net current income 478 44 . Other $2,187 00 204 33 15 56 13 05 . . . . 1 liabilities $2,420 94 00 $2,420 94 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 17 17 . 49 29 $1 00 of dividend, none paid ..... ..... Total Expenses for Year Salaries Rent $145 00 61 00 48 11 Other expenses $254 11 Total Rate of interest on loans: $1,942.50 at 8%. BOSTON — LIBERAL CREDIT UNION November Incorporated David 5, 1926. Began business November 1926 11, David B. Koretsky, Treasurer Bailin, President Ida Garber, Clerk of Corporation Board of Directors: David Bailin, M. Baratz*, H. Ernest, Harry Garber*, Ida Garber, M. Goldsteinf, Frank Herman*, Oscar Kaplan*, D. B. Koretsky, Joseph Orensteinf, J. Trigerf". Meetings held at 50 Talbot Avenue. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities ... . . $2,586 98 . . . 242 50 440 97 . . . 139 12 ..... Shares Guaranty fund Undivided earnings Net current income . Other . $2,812 06 183 92 378 50 32 09 3 00 . liabilities . $3,409 57 $3,409 57 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . . . . . 18 . 20 70 . 31 . $1 00 Rate of dividend, none paid Total Expenses for Year $132 50 94 00 Salaries Rent Other expenses Total Rate of interest $226 50 on loans: $2,829.48 at 8%. BOSTON — LIBERTY CREDIT UNION Incorporated September 29, 1926. Meyer T. Began business October 4, 1926 Nathan Sharaf, President Scolnick, Treasurer Samuel Kadets, Clerk of Corporation Board of Directors: Benjamin Beemanf, E. E. Cheimitzf, Samuel Cohen*, Samuel Fine*, Abraham Freeman*, D. H. Grandbergf, Samuel Kadets, Irving Lewis, Joseph Lurie, M. D. Michelson*, I. E. Paretsky, Samuel Rachlis*, Nathan Scolnick, M. T. Sharaf, Harry Swartz. Meetings held at 318 Blue Hill Avenue (Roxbury District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured 31, 1930 Liabilities . Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check . . Furniture and fixtures $50,888 84 8,815 50 2,211 86 4,000 00 6,913 59 117 19 Shares .... Guaranty fund Reserve fund Undivided earnings Net current income . Other . . liabilities $72,946 98 * Credit Committee. . $67,456 3,359 959 158 993 75 64 44 9a 22 19 00 $72,946 98 t Auditing Committee. . 40 P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 117 119 531 331 $1 00 . 8, Part IV. Dividends Rate of dividend, May, 1930 Nov., 1930 4% 4% Total Expenses for Year $847 00 297 05 236 94 Salaries Rent Other expenses .... Total Rate of interest on loans: 5,004.34 at 7%; $550.00 at 8%; 5,611.86 at $1,380 99 10%; $1,750.00 at 12%. BOSTON — LORD BEACONSFIELD CREDIT UNION Incorporated November 12, 1913. Began business November 1913 19, Morris Alpert, President Louis Band, Treasurer Abraham S. Goldberg, Clerk of Corporation Board of Directors: Morris Alpert, Joseph Bandf, Louis Band, Louis Bower, Louis Duskinsky*, Max Flaschner, A. S. Goldberg, J. L. Prevesf, Jacob Rutsky*, Louis Shulmanf. Israel Eskin*, Meetings held at 32 Central Square (East Boston District) STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Personal loans: Unsecured Secured Real estate loans: 2nd mortgages Deposits subject to check Furniture and fixtures $17,539 2,255 1,100 1,033 . 21 00 00 71 50 00 ..... ..... Shares Deposits Guaranty fund Undivided earnings Net current income Other . . liabilities . . . $21,977 92 10 19 174 93 . Rate Dividends 1930 ..... ..... Other expenses $500 00 190 00 92 88 Total $782 88 Rent of depositors of interest paid during year Interest payable May 1, Nov. 1. 1 5% Rate Rate of interest 7% Total Expenses for Year Salaries Deposits 150 06 211 35 2 00 of dividend, Nov., none Number 500 00 2,975 88 $21,977 92 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member $18,138 63 on loans: $1,600.00 at 6%; $17,794.21 at 7%; $900.00 at 8%; $600.00 at 10%. BOSTON — MARKETMEN'S CREDIT UNION Incorporated November 12, 1926. Simon R. Began business November 27, 1926 Louis Hurvitz, Treasurer Silk, President Joseph Snider, Clerk of Corporation Board of Directors: David Denenberg*, Morris Finkelsteinf, George Goldman!, Louis Hurvitz, Jacob Leve*, Samuel Lezbergf, Maxwell Sherr*, Abraham Siegel, S. R. Silk, Joseph Snider, Aaron Tarr. Meetings held at 90 Commercial Street. STATEMENT OF CONDITION, DECEMBER Personal loans: Unsecured Secured Deposits subject to check 31, 1930 Liabilities Assets $8,026 00 2,258 00 972 73 . ..... Shares Guaranty fund Reserve fund .... Undivided earnings Net current income . . $10,045 84 624 22 99 64 207 49 279 54 $11,256 73 $11,256 73 Dividends Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 12 11 . 83 40 $1 15 Rate of dividend, Nov., 1930 ..... ..... Total Expenses for Year Salaries Rent Other expenses Rate c >f interest * Credit Committee. on 8% logms: ..... Total $10,284.00 at 8%. t Auditing Committee. $350 00 18 00 $368 00 P.D. 8, 41 Part IV. BOSTON — MASCOT CREDIT UNION November Incorporated 18, 1926. Began business November 29, 1926 Samuel Singer, Treasurer Joseph Kaplan, President David Hakman, Clerk of Corporation Board of Directors: Isaac Bre,gman, David Hakman, H. L. Jacobs*, D. M. Kaiser*, Joseph Kaplan, Harry Packerf, B. J. Rubinf, Nathan Siegelf, Samuel Singer, Barnet Sobell*, Harry Zimmerman. Meetings held at 763 Morton Street (Dorchester District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities $11,865 62 1,457 00 500 00 280 18 . . ..... ... Shares Guaranty fund Undivided earnings Net current income . Other . $13,149 50 708 74 148 44 86 12 10 00 . liabilities . $14,102 80 $14,102 80 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 36 39 . Rate of dividend, 3^% 3K% May, 1930 Nov., 1930 162 Total Expenses for Year 87 $1 00 ..... Salaries $200 00 416 70 290 20 . Rent Other expenses Total Rate of interest . . . $906 90 . on loans: $13,322.62 at 7%. BOSTON — MASSACHUSETTS CREDIT UNION Incorporated October 11, 1926. Began business October Samuel Suskin, Clerk of Directors: 1926 Hyman Samuel Burkin, President Board 19, Goldfarb, Treasurer of Corporation Hyman Blumf, Samuel Bornstein*, Harry Burkinf, Samuel Burkin, Samuel Fruman, Hyman Goldfarb, Benjamin Nathensonf, Samuel Suskin, Samuel Swartz*, Isaac Barnett Goldberg, Temkin*. Meetings held at 13 Florence Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check Furniture and fixtures 31, 1930 Liabilities $15,224 78 1,856 00 279 57 40 00 . Shares ...... .... .... Guaranty fund Undivided earnings Net current income . . . $16,190 1,006 177 26 22 00 22 91 $17,400 35 $17,400 35 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 6 Rate of dividend, 24 . 141 85 $1 00 May, 1930 3% Nov., 1930 none ...... .... Total Expenses for Year Salaries Rent . . . Other expenses of interest 72 01 $727 01 Total Rate $475 00 180 00 on loans: $17,080.78 at 8%. BOSTON — MASSACHUSETTS CARPENTERS' CREDIT UNION Incorporated June 14, 1920. Began business June James W. Feeley, Treasurer Rufus P. Harlow, President James W. Feeley, Clerk Board of 26, 1920 of Corporation W. Dodge, J. G. Dunphyt, J. W. Feeley, W. J. Francis*, R. P. Harlow, J. N. Hodge*, E. L. Jonest, D. H. Kearney, R. J. McDonald*, G. A. Oster, I. L. Spauldingt, E. G. Walker. Directors: A. Meetings held at 61 Court Street. * Credit Committee. t Auditing Committee. 42 P.D. STATEMENT OF CONDITION, DECEMBER Assets $17,136 80 mortgages 1st . Cash on hand Real estate by foreclosure . 00 6,882 11,159 5,572 2,166 15 2nd mortgages savings banks Deposits in Deposits subject to check .... . 54 31 48 00 Shares Deposits Guaranty fund Reserve fund Undivided earnings Net current income Other 219 41 52 65 02 67 386 55 287 13 3 00 $31,993 6,265 3,112 1,103 . liabilities $43,151 54 $43,151 54 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 61 ... of depositors of interest paid during year Interest payable Feb. 1, May 1, Aug. Rate of interest of dividend, none paid Total Expenses for Year $820 00 287 86 432 82 Salaries Rent Deposits Number Rate 88 673 116 $1 00 . Rate Part IV. Liabilities Personal loans: Unsecured Real estate loans: 8, 31, 1930 28 Other expenses 4J^% . 1, Nov. Total 1. on loans: $2,393.06 at 6%; $1,540 68 7%; ,536.00 at 8%; $29,018.50 at $1,230.78 at 12%. BOSTON — MATTAPAN CREDIT UNION Incorporated November 12, 1926. Began business November 16, 1926 Myer Litman Rotman, President Nathan W. Goldman, Appel, Treasurer Clerk of Corporation Board of Directors: Herman Abelson*, Myer Appel, Harry Berkovich*, Harry Castelinef, Max Goldmant, N. W. Goldman, S. N. Rosen*, Litman Rotman, Louis Rubin, Jack Saunders, Isaac Shulmanf. Meetings held at 1107 Blue Hill Avenue (Dorchester District). STATEMENT OF CONDITION, DECEMBER 31, 1930 Liabilities Assets Personal loans: Unsecured Secured Deposits subject to check Cash on hand Furniture and $9,829 00 6,542 90 568 76 . 3 62 144 99 . fixtures $16,381 68 Shares 406 04 50 00 Guaranty fund Reserve fund Undivided earnings Net current income . Other 126 79 120 76 4 00 liabilities $17,089 27 $17,089 27 Dividends 1930 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 13 10 . 100 71 $1 00 Rate BOSTON of interest J. 1, of dividend, Nov., 7% Total Expenses for Year Other expenses $350 00 312 21 192 70 Total $854 91 Salaries Rent on loans: $16,371.90 at 8%. — METROGRA Incorporated July George Rate 1921. CREDIT UNION Began business November 1, 1921 Frank T. Marston, Treasurer Skelton, President Frank T. Marston, Clerk of Corporation Board of Directors: A. T. Blodgett, A. A. Boutelle, Carrie L. Brown*, John Cameronf, E. W. Creed, A. W. Goodnowf, Annie E. Gordon, J. V. Haley*, H. E. Lowther, F. T. Marston, C. B. Olmstedf, C. J. Rand*, G. J. Skelton, E. B. Smith, Thomas Whitaker. Meetings held at 89 Warren Avenue. STATEMENT OF CONDITION, DECEMBER Personal loans: Unsecured Deposits in savings banks Deposits subject to check Cash on hand Expense, less . . . current income 31, 1930 Liabilities Assets $2,365 16 119 47 238 43 541 47 1 32 Shares Deposits . Guaranty fund Undivided earnings Other liabilities 2 28 135 84 -?3,265 85 $3,265 85 * Credit Committee. $2,776 00 183 09 168 64 t Auditing Committee. P.D. 8, 43 Part IV. Dividends Rate of dividend, Nov., 1930 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 18 16 117 . 20 Total Expenses for Year 25 cents Rate ... Rent 77 of depositors of interest paid during year Interest payable Feb. 1, May 1, Aug. Rate $75 00 3 00 39 35 Salaries Deposits Number 7% Other expenses 6% 1, Nov. 1. of interest $117 35 Total on loans: $2,365.16 at 8%. BOSTON — MITCHELL FREIMAN CREDIT UNION Incorporated December 30, 1926. Began business January 3, 1927 George H. Wax, Treasurer George E. Katz, President Irving H. Kessler, Clerk of Corporation Board of Directors: Samuel Abend, James Alterf, Saul Blumenthal, Jack Carp, R. E. Garber*, R. G. E. Katzf, I. H. Kessler, Isadore Rosenthal*, G. H. Wax*, Benjamin Welanskyf. S. Goldfarb, Meetings held at 20 Blossom Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Co-operative bank shares Deposits subject to check 31, 1930 Liabilities $16,030 40 2,691 00 1,949 71 1,019 07 . . .... Shares Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities Overs and shorts Bills payable . 417 42 18 00 18 00 1,500 00 . $21,690 18 $21,690 18 Membership Dividends Number added during year Number withdrawn during -year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 41 43 189 132 . of interest Nov., 1930 .00 at 6%; ..... Total Expenses for Year $2 00 on loans: 4% 4% May, 1930 of dividend, Other expenses $425 00 12 00 489 36 Total $926 36 Salaries Rent Rate $17,404 90 970 55 581 00 780 31 $17,442.40 at 8%; $340.00 at 10%; $300.00 at 12%. BOSTON — MOHLIVER CREDIT UNION Incorporated October 18, 1926. Began business October 21, 1926 David Feinberg, Treasurer Louis Patt, President Hyman Sandler, Clerk of Corporation Board of Directors: David Bassman*, David Feinberg, Rubin Handelf, David Hurvitz*, J. H. Hurvitzf, David Krigman*, Isaac Krigman, Louis Patt, Hyman Sandler, Morris Saundersf, Hyman Sirota. Meetings held at 101 Nightingale Street (Dorchester District). STATEMENT OF CONDITION, DECEMBER Assets Liabilities Persona] loans: Unsecured Secured Deposits subject to check 31, 1930 $25,335 33 2,993 00 962 01 . Shares ..... Guaranty fund .... Reserve fund Undivided earnings Net current income Other liabilities . . 70 84 00 20 00 60 $29,290 34 $29,290 34 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 27 26 150 107 $2 00 . Rate of dividend, ..... ..... Total of interest Committee. on 4% 4% Total Expenses for Year Salaries Rent Rate May, 1930 Nov., 1930 Other expenses * Credit $26,148 1,308 1,000 118 631 83 lo ans: .... $28,328.33 at 8%. t Auditing Committee. $500 00 300 00 404 65 $1,204 65 . 44 P.D. BOSTON — MOTHER'S CREDIT UNION March Incorporated 19, Began business March 1927 Flora Leventhal, Treasurer May Feinstein, Clerk of Corporation May Feinstein*, Annie Harris*, Ida Katzf, Blitz, Flora Leventhal, Esther Paul*, Anna Queridof, Mamie Part IV. 1927 19, Bessie Krivitsky, President Board of Directors: Esther 8, Ida Kline*, Bessie Krivitskyf, Stone, Julia Weiss*. Meetings held at 104 Maple Street (Dorchester District) STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Liabilities $1,890 60 643 00 386 83 , Shares 2,607 79 Guaranty fund 130 84 129 00 15 30 Reserve fund Undivided earnings Net current income 37 50 $2,920 43 $2,920 43 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who arc borrowers Amount of entrance fee per member Rate 6 of dividend, none paid 16 . 40 26 00 Total Expenses for Year Salaries $85 00 35 00 94 68 . Rent Other expenses Total Rate of interest on loans: $214 68 52,533.60 at 6%. BOSTON — MOUNT BOWDOIN CREDIT UNION Incorporated Henry Webber, May Began business 23, 1921. May 25, 1921 Samuel Craft, Treasurer President Arthur Seserman, Clerk of Corporation Board of Directors: Myer Brodyf, Nathan Bloomberg, Morris Cohen*, Samuel Craft*, Samuel Greenblatt*, E. H. Hoffman, Simon Katz, Max Lefkovitzf, Morris Schiller, Joseph Schneiderman*, Allan Seserman, Arthur Seserman, Jacob Swardlofff, Henry Webber*, Simon Weinstein. Meetings held at 190 Washington Street (Dorchester STATEMENT OF CONDITION, DECEMBER District). 31, 1930 Assets Liabilities $31,868 40 12,912 24 7,023 30 135 02 1,949 64 561 75 218 00 11,074 61 3,481 61 Personal loans: Unsecured Secured Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check Expense, less current income Other assets Real estate by foreclosure . .... . . Furniture and fixtures Shares Deposits $36,858 28,514 3,219 343 279 . Guaranty fund 26 92 25 9 00 Reserve fund Undivided earnings Other liabilities $69,224 57 $69,224 57 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 123 225 717 332 . Rate of dividend, Salaries Rent Number 69 of depositors of interest paid during year Interest payable Feb. 1, May Rate 1, none paid .... .... Total Expenses for Year $1 00 Deposits Rate 51 63 $1,872 00 608 39 859 07 Other expenses 6% A 1, of interest Nov. 1. Total on loans: $44,780.64 at 8%; $7,023.30 at 10%. . $3,339 46 BOSTON — NEWSCO CREDIT UNION Incorporated July John J. 6, 1927 Began business October 13, 1927 Thomas Doonan, Sullivan, President Sumner G. Treasurer Prior, Clerk of Corporation J. A. Churchward, William Clahane*, J. J. Connollv, Thomas Doonan, J. F. Kellyt, William Klaus, H. J. Kilroy, J. J. McGeet, S. G. Priorf, D. P. Sullivan*, J. J. Sullivan*. Board of Directors: Meetings held at 19 Reed Street. * Credit Committee. t Auditing Committee. P.D. 8, 45 Part IV. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Co-operative bank shares Deposits subject to check 31, 1930 Liabilities $19,065 78 5,019 53 . 1,000 00 . 704 25 ..... Shares Other $22,145 31 .... Guaranty fund Reserve fund Undivided earnings Net current income 988 03 321 44 1,650 32 680 46 4 00 . . liabilities, $25,789 56 $25,789 56 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 16 Rate of dividend, 4 135 104 . $2 00 Nov., 1930 ..... ..... Total Expenses for Year Salaries Rent ( 4% 4% Mav, 1930 $745 00 — 250 12 Other expenses Total Rate of interest $995 12 . . on loans: $500.00 at 6%; $23,585.31 at 8%. BOSTON — NODDLE ISLAND CREDIT UNION Incorporated March 30, 1927. Began business April 25, 1927 John W. Veader, President Julius Stone, Treasurer Jacob Stone, Clerk of Corporation Board of Directors: M. C. Belluscif, M. E. Cardoza*, Jacob Chafetz, George Clarson*, H. S. Feldmanf, David Frank*, George E. Noyesf, S. L. Segal, Jacob Stone, Julius Stone*, J. W. Veader*. Meetings held at 32 Central Square (East Boston District). STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 1st mortgages Deposits subject to check Cash on hand Furniture and $11,022 04 3,775 18 264 00 1,538 28 5 00 201 80 . . . , fixtures Shares Deposits $13,786 79 1,107 28 . Guaranty fund Reserve fund Undivided earnings Net current income Other 790 47 455 00 480 41 177 35 9 00 liabilities $16,806 30 $16,806 30 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 100 82 142 87 $1 00 . Rate Dividends 1930 8% of dividend, Nov., Total Expenses for Year $424 00 Salaries Rent Deposits Number of depositors Rate of interest paid during year Interest payable Jan. 1, July 1. Rate of interest 3 Other expenses 6% Total on loans: ,945.18 at 6%; BOSTON — NORTH AND SOUTH LODGE Incorporated March 11, 1929. .... $12,054.24 at B. OF 132 52 289 12 7%; $61.80 at R. C. (2028) Began business March 11, $845 64 8%. CREDIT UNION 1929 Noble F. McCaffrey, Treasurer John H. Holmes, President George W. Masterson, Clerk of Corporation Board of Directors: Joseph Boogusch*, P. F. J. Callahan, M. J. Gaspi, J. H. Holmes, J. D. MacDonald, G. W. Masterson, N. F. McCaffrey, B. T. Murray*, W. A. O'Brient, W. E. Quigleyt, C. B. Smith*, W. F. Spalding, William Straussf, L. H. Travis, W. D. Whitten. Meetings held at 150 Causeway Street. STATEMENT OF CONDITION, DECEMBER _ Personal loans: Unsecured Secured Deposits subject to check Cash on hand /, ..... . 31, 1930 Liabilities Assets $681 82 103 58 50 50 80 77 Shares ..... Guaranty fund Undivided earnings Net current income Other liabilities . . $860 59 48 81 7 02 9 65 50 $926 57 $926 57 " t Auditing Committee. 46 P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 21 Part IV. 4% 6 . 73 24 50 cents Rate BOSTON 8, Dividends Rate of dividend, Nov., 1930 of interest — NORTH Total Expenses for Year Salaries . Rent Other expenses $27 08 Total $27 08 on loans: $764.00 at 6%. END MERCHANTS CREDIT UNION Incorporated February 11, 1927. Began business March 25, 1927 Henry Isaac C. Arkin, President Jacob Heller, Treasurer Corporation S. Heller, Clerk of Board of Directors: I. C. Arkin, Benjamin Clayman, Louis Cohenf, Samuel Gerson, Henry Heller*, J. S. Heller, Albert Landsmanf, Samuel Maude, Benjamin Resnick*, Benjamin Silverf, Joseph Weinberg*. Meetings held at 36 Salem Street. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 ...... .... .... Liabilities Personal loans: Unsecured Secured Deposits subject to check Expense, less current income $3,047 05 130 00 1,273 50 29 54 . Shares Guaranty fund Undivided earnings $4,480 09 $3,570 93 265 31 643 85 $4,480 09 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 1 Rate of dividend, 41 67 . 40 $1 00 none paid ...... .... Total Expenses for Year Salaries Rent Other expenses of interest on lo ans: 122 53 $165 80 Total Rate $43 27 8%. $3,177.05 at BOSTON — NOVOGRAD VOLINSK CREDIT UNION Began business November Incorporated October 26, 1926. 9, 1926 Barney Rotman, Treasurer Israel Zatsky, President Samuel Lieberman, Clerk of Corporation Board of Directors: Joe Abrams, Louis Andrievskyf, Samuel Lieberman, Louis Rothenberg*, Zuric Rothenberg, Barney Rotman, Louis Rotman*, Harry Simonf, Samuel Simonf, Israel Zatsky (two vacancies). Meetings held at 1107 Blue Hill Avenue (Dorchester District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check Other assets 31, 1930 ...... .... Liabilities $2,209 36 223 00 135 38 86 74 60 00 66 14 .... . Furniture and fixtures Expense, less current income Shares Guaranty fund $2,544 04 236 58 $2,780 62 $2,780 62 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member none 8 59 25 $1 00 . Rate of dividend, none paid ...... .... Total Expenses for Year Salaries Rent . . $156 00 144 00 Other expenses $300 00 Total Rate * Credit Committee. of interest One vacancy. on lo ans: $2,432.36 at 8%. t Auditing Committee. P.D. 8, 47 Part IV. BOSTON ONE HUNDRED SUMMER STREET CREDIT UNION Incorporated May 29, 1930. Began business June 16, 1930 Frank T. Grimm, President Albert E. Hanson, Treasurer Margaret Tosi, Clerk of Corporation Board of Directors: T. E. Brooke, Catherine D'arcy, P. A. Doyle*, H. Y. Follettf, F. T. Grimm*, A. E. Hanson, Ellen E. Havertyt, J. E. Kilroy*. A. G. Morris, J. B. Reayf, Margaret Tosi. Summer Meetings held at 100 Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Laibilities Personal loans: Unsecured. Deposits subject to check $839 00 274 45 . Shares Net current income Other liabilities $1,078 66 10 04 24 75 $1,113 45 $1,113 45 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 99 Rate of dividend, none paid 2 . 97 22 25 cents Total Expenses for Year Salaries Rent Other expenses Rate of interest $52 09 $52 09 Total on loans: $839.00 at 6%. BOSTON — OXFORD-PRINT CREDIT UNION Incorporated February 12, 1930. Began business February 17, 1930 Ada Charles R. Emery, President Ada L. Lyon, Treasurer L. Lyon, Clerk of Corporation Board of Directors: M. Ada J. Baileyt, C. R. Emery, A. T. Everson*, J. P. Holland*, L. T. Hunter, J. L. Lyon, J. J. McQueeney, A. G. Porter, W. P. Regan*, L. F. Witherellf. W. Kearneyf, Meetings held at 881 Commonwealth Avenue. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities $987 00 363 21 380 44 Personal loans: Unsecured. Deposits in savings banks Deposits subject to check . . Shares $1,648 98 Guaranty fund Undivided earnings Net current income Other 36 66 15 95 22 06 7 00 liabilities $1,730 65 $1,730 65 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 67 Rate of dividend, Nov., 1930 5 62 . 24 50 cents Rate of interest 5% Total Expenses for Year Salaries Rent Other expenses $47.59 Total $47 59 on loans: $987.00 at 7%. BOSTON — PARK CREDIT UNION Incorporated January 16, 1928. Samuel Kramer, President Began business January 18, 1928 Samuel Kassler, Treasurer " Leon Kantor, Clerk of Corporation Board of Directors: Joseph Cutler*, J. B. Dubin*, Harry Greenf, Samuel Ingall, Leon Kantor, Samuel Kassler, Samuel Kramer, Hyman Omanskyf, Abraham Shechtman*, Joe Sobol, Max Toysterf. Meetings held at 47 Lawrence Avenue (Roxbury District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check Expense, less current income . 31, 1930 Liabilities 51,062 87 1,027 63 100 19 1 00 Shares Guaranty fund Reserve fund Undivided earnings $2,191 69 * Credit Committee. $2,041 00 127 02 21 44 2 23 $2,191 69 t Auditing Committee. 48 P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member none 8, Part IV. Dividends Rate of dividend, none paid 21 . 30 15 $2 00 Total Expenses for Year Salaries $58 00 25 00 14 50 . Rent Other expenses Total Rate of interest on loans: $97 50 7%. S2.090.50 at BOSTON — PARKWAY WOMEN'S CREDIT UNION Incorporated June 1, 1927. Began business June 1927 7, Alice Grund, President Eva Damsky, Treasurer Harriet Damsky, Clerk of Corporation Board of Directors: Celia Baker*, Rose Baker, Fannie Cohen, Esther S. Damskyf, Eva Damsky*, Harriet Damsky, Annie Fish, Minnie Gordonf, Alice Grund*, Annie Lasersonf, Rebecca Saitz. Meetings held at 17 Otisfield Street (Roxbury District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check 31, 1930 Liabilities $1,495 42 760 00 757 35 . ...... .... ..... Shares Guaranty fund Reserve fund Net current income '. . . . $3,012 77 none Rate Dividends 1930 ...... ...... .... Total Expenses for Year 28 21 $2 00 Rate of interest 6% of dividend, Nov., 16 . 210 71 120 42 7 81 $3,012 77 Membership Number added during year Number withdrawn during year Number of members, Dec. 3l, 1930 Number who are borrowers Amount of entrance fee per member $2,673 83 Other expenses $130 00 52 00 23 52 Total $205 52 Salaries Rent on loans: $2,255.42 at 6%. BOSTON — PROGRESS CREDIT UNION Incorporated December 16, 1926. Began business December 17, 1926 Meyer Shore, Treasurer Joseph Poley, President David Altman, Clerk of Corporation Board of Directors: David Altman, Philip Glassman*, Jacob Goldstein*, Abraham Goren*, Joseph Jacobsf, Harry Krupnickf, Lazer Kusharsky.t Louis Kusharsky, Abraham Markell, Joseph Poley, Meyer Shore, Joseph Zola, M. L. Zola. Meetings held at 92 Leverett Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures 31, 1930 Liabilities $9,681 30 3,293 40 400 00 500 41 50 00 50 . . Overs and shorts ..... ..... Shares Deposits Guaranty fund Undivided earnings Net current income Other liabilities Bills payable . .... . Membership 23 28 . Rate of dividend, Nov., 1930 140 111 $1 75 Rent Deposits of depositors Interest payable Dec. 2 ..... ... . . Other expenses Total Rate 6% . $787 00 72 00 260 84 6% year 1. * Credit 8 51 1,000 00 Total Expenses for Year Salaries of interest paid during 23 10 Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Number 15 87 60 38 $13,925 61 $13,925 61 Rate $11,991 115 645 141 c >f interest on loa ns: Committ 3e. $12,974.70 at . . . 8%. t Auditing Committee. $1,119 84 P.D. 8, Part IV. 49 BOSTON — PURITAN CREDIT UNION November Incorporated 20, 1926. Began business November 23, 1926 Solly E. Alperin, Treasurer Samuel Weiner, President Solly E. Alperin, Clerk of Corporation Board of Directors: S. E. Alperin,* Morris Cohen, David Finer*, Israel Finkelstein, Nathan Gardenbergf, Philip Gordon, Philip Grossman, Sam Holtzman*, Harry Karpt, Morris Katz*, George Litvackt, Louis Nastier*, M. J. Smith*, Samuel Weiner, Louis Zola. Meetings held at 255 Woodrow Avenue. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures 31, 1930 Liabilities $4,091 50 3,000 00 375 00 154 73 199 00 . . ..... Shares $6,855 24 711 00 140 00 .... Guaranty fund Reserve fund Undivided earnings Net current income 48 05 65 94 . . . $7,820 23 $7,820 23 Membership Dividends Number added during year Number withdrawn during year Number of members, Deo. 31, 1930 Number who are borrowers Amount of entrance fee per member 14 Rate of dividend, 28 106 . 62 $1 00 3% 2% May, 1930 Nov., 1930 ..... ..... Total Expenses for Year Salaries Rent $40 00 355 15 37 14 Other expenses Total Rate of interest BOSTON Incorporated . $432 29 . on loans: $7,091.50 at 8%. — RELIABLE November . . 23, 1926. CREDIT UNION Began business January 5, 1927 Etta Berlin, Treasurer Bessie Copeland, President Mary Glen, Clerk of Corporation Board of Directors: Etta Berlin, Julia Berlinf, Bessie Copeland, Gussie Fishburnf, Mary Glen, Jennie Levine, Ada Lieb*, Lillian Sandler, Molly Shusterf, Rebecca Shuster*, Dora Siegal*. Meetings held at 17 Otisfield Street. STATEMENT OF CONDITION, DECEMBER Assets Unsecured Secured Deposits subject to check Personal loans 31, 1930 Liabilities $4,246 00 : 1,051 00 585 83 . - ...... Shares Guaranty fund Reserve fund Net current income . .... . . • . $5,882 83 $4,964 29 441 09 404 03 73 42 $5,882 83 Membership Dividends Number added during year Number withdrawn during vear Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 2 10 60 43 . $3 00 Rate of interest May, 1930 Nov., 1930 .... ...... .... 4% 4% Total Expenses for Year Other expenses $130 00 52 00 67 06 Total $249 06 Salaries Rent Rate of dividend, on loans: $5,297.00 at 8%. BOSTON — ROXBURY INDEPENDENT CREDIT UNION Incorporated October Samuel Goretsky, President 5, 1926. Began business October 11, 1926 David Bennett, Treasurer . Joseph Stern, Clerk of Corporation Board of Directors: David Bennett, David Finkleman, Samuel Ginsberg*, Samuel Goretsky, Harry Liebowitz*, Louis Pritzkyf, Myer Rubint, Abraham Sandler*, Joseph Stern, Samuel Stern, Abram Swartzt. Meetings held at 288 Blue Hill Avenue (Roxbury District). * Credit Committee. t Auditing Committee. 50 P.D. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check 8, Liabilities . . . . . . . . $18,328 07 2,443 40 1,156 57 ..... Shares .... Guaranty fund Reserve fund Net current income Other liabilities Overs and shorts . . $21,928 04 . . . . 89 25 244 154 . . $1 10 . Rate Dividends 1930 of dividend, Nov., Salaries Rent — ROXBURY . . .... .... . ..- . Total BOSTON 20 95 28 81 80 00 6% Total Expenses for Year Other expenses of interest $20,687 854 125 191 22 46 $21,928 04 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate Part IV. 31, 1930 . . . $330 00 108 00 693 10 $1,131 10 on loans: $3,504.00 at 7%; $17,267.47 at 8%. INDEPENDENT WORKMEN'S CIRCLE CREDIT UNION Incorporated January 26, 1927. Began business February 1927 21, David Monosson, Treasurer Morris Ricklin, President Louis M. Altshuller, Clerk of Corporation Board of Directors: Louis M. Altshuller, Louis Elkiiis*, I. W. Ephrosst, Isador Garber, E. E. Haine*, David Monosson, Solomon Postf, Samuel Rachlisf, Morris Ricklin, Abraham Sherman*, Louis Shumer*. Meetings held at 457 Blue Hill Avenue. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Other assets Liabilities $7,748 42 4,944 23 212 16 322 36 70 00 . . . Shares Deposits $11,340 59 202 31 492 31 612 52 68 85 25 563 51 . Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities $13,297 17 $13,297 17 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 10 141 82 . . Rate of interest 00 of dividend, Nov., 1930 6% Total Expenses for Year Other expenses $255 00 10 00 142 28 Total $407 28 Salaries Rent on loans: $12,692.65 at 6%. BOSTON — ROXBURY LADIES' CREDIT UNION Incorporated February 7, 1927. Began business February 7, 1927 Annie Orenstein, Treasurer Annie Allman, President Ida L. Goldberg, Clerk of Corporation Board of Directors: Annie Allman, Ida Bargf, Ida Eglischan*, Jeannette Fritzf, Sara Fritz*, Ida L. Goldberg, Mae Koppellf, Clara Kostick, Jennie Louis, Annie Orenstein, Eva Tishler*. Meetings held at 119 Harrishof Street (Roxbury District). STATEMENT OF CONDITION, DECEMBER Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check $1,845 96 4,364 00 . . Overs and shorts 31, 1930 Liabilities Assets 227 12 67 05 3 00 .... .... Shares Deposits Net current income . $6,507 13 $6,507 13 * Credit Committee. $5,991 29 466 61 49 23 t Auditing Committee. P.D. 51 Part IV. 8, Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 6 10 . 87 68 $2 00 Dividends Rate of dividend, Nov., 1930 6% Total Expenses for Year $208 00 65 00 Salaries Rent Other expenses 71 19 $344 19 Total Rate of interest on loans: $6,209.96 at 10%. BOSTON — ROYAL CREDIT UNION Incorporated November Nathan Tatleman, of Directors: Began business November 1926. C. Joe Modist*, L. W. J. 8, 1926 Louis President Charles Board 3, W. J. Obelsky, Treasurer Becker, Clerk of Corporation Becker*, Harry Glazerf, Harry Goldfarb*, Samuel Goodmanf, Harry Marcowitz, Obelsky, Israel Sheingold, Isaac Stern*, Nathan Tatleman, Abraham Zidef- Meetings held at 1165 Blue Hill Avenue (Dorchester District). STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Cash on hand Liabilities 00 00 48 45 55,834 1,066 788 . 13 . Shares 5,771 Guaranty fund Undivided earnings Net current income Overs and shorts 625 241 43 20 $7,701 93 Rate 7 25 74 46 00 . Dividends 1930 of dividend, Nov., $308 00 120 00 Rent 73 21 Total of interest 4% Total Expenses for Year Salaries Other expenses Rate 18 $7,701 93 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 02 40 60 73 $501 21 on loans: $6,900.00 at 8%. BOSTON — S. & M. CREDIT UNION Began business June Incorporated June 20, 1930. William S. Whitten, President Ernest E. Gambles, Treasurer Dorothy M. Baer, Board of Directors: 27, 1930. . Clerk of Corporation Dorothy M. Baer, T. A. P. Bordley, Camille Dosterf, E. E. Gambles, J. F. Hillikerf, J. Mageef, G. D. Marcy, Edna S. Rice*, J. R. Watson*, W. S. Whitten. G. C. Johnson*, Louise Meetings held at 377 Broadway. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Deposits subject to check 31, 1930 Liabilities $445 00 446 46 13 64 27 16 . Other assets Expense, less current income Shares $914 25 Reserve fund Other liabilities 17 51 50 $932 26 $932 26 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 69 3 66 15 . Rate * Credit Committee. 25 cents of interest Rate of dividend, none paid Total Expenses for Year Salaries Rent Other expenses $65 78 Total $65 78 on loans: $445.00 at 6%. t Auditing Committee. 52 P.D. BOSTON — SEAVER CREDIT UNION Incorporated January 24, 1927. Began business January 8, Part IV. 24, 1927 Louis Ober, President Bernard E. Levin, Treasurer Helmer Raphael, Clerk of Corporation Board of Directors: Arthur Berlinf, Benjamin Finkel*, Max Govenor, Leo Greenberg*, M. K. Greenbergf, Harry Kaplan, B. E. Levin*, Leon Margolisf, Louis Ober, Helmer Raphaelf, Harry Rosenthal. Meetings held at 105 Crawford Street (Roxbury District). STATEMENT OF CONDITION, DECEMBER • 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Liabilities . . . Shares $14,631 63 2,027 00 1,128 10 100 17 .... . . . Guaranty fund Reserve fund Undivided earnings Net current income . . . . $17,886 90 $16,048 84 1,097 45 25 00 635 59 80 02 $17,886 90 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 33 13 . ..... Total Expenses for Yt 139 72 Salaries Rent $2 00 Other expenses $260 00 50 00 176 70 .... Total st 8% of dividend, Nov., 1930 $486 70 on loans: $9,8 25.13 at 6%; $6,833.50 at 8%. BOSTON — SHAWMUT CREDIT UNION Incorporated March 16, 1914. Began business April 7, 1914 Louis Barrasso, Treasurer Robert A. LaCentra, President David J. Mintz, Clerk of Corporation Board of Directors: Louis Barrasso, Frank Di Mento, Salvatore Di Persio*, Henry Hellerf, Irving Kreetzburg, R. A. LaCentra, Harry Mandlestam*, F. A. Marcellaf, John McGinniss, D. J. Mintzf, Morris Stolow*. Meetings held at 196 Hanover Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Liabilities Assets Personal loans: Unsecured Secured . . . . . Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check Cash on hand Furniture and fixtures . . . . . . . . . . $49,957 99 3,228 00 1,923 50 3,202 25 3,955 09 10 00 153 79 Shares Deposits $36,184 97 37 73 60 36 689 34 18 25 4 00 16,951 4,637 1,921 2,023 . Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities Overs and shorts $62,430 62 $62,430 62 Dividends Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 67 50 . Rate of dividend, none paid 458 333 Total Expenses for Year $1 00 $1,745 00 Salaries Number Rate of depositors of interest paid during Interest payable Feb. Rate 1, 39 year 1, Aug. May of interest 367 46 405 89 Rent Deposits Other expenses 6% 1, Nov. $2,518 35 Total on loans: $44,662.14 at 8%; 56,321.60 at 9%; 1,125.75 at 10% BOSTON — THE SHEPARD STORES EMPLOYEES' CREDIT UNION Incorporated July 27, 1911. Began business January 1, 1912 Ben D. Black, Treasurer Dorothea R. Connors, President Sadie E. McDevitt, Clerk of Corporation Board of Directors: B. D. Black, Dorothea R. Connors, G. N. Dill, Jeanette Fraser* J. E. Hodgesf, Charles Kochiant, Sadie E. McDevitt, Edward McNamarat, J. A. A. Mitchell*, Mary Uniack*, Howard Wright. Meetings held at 26 Winter Street. * Credit Committee. t Auditing Committee. P.D. 8, 53 Part IV. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Co-operative bank shares Deposits in savings banks Deposits subject to check 31, 1930 Liabilities $3,227 89 46 50 1,000 00 9,412 18 1,353 52 . , , Shares Deposits ....'. ..... Guarantv fund Undivided earnings Net current income $4,376 05 8,759 48 861 56 920 61 122 39 . . $15,040 09 $15,040 09 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 40 Rate of dividend, 3% 3% May, 1930 Nov., 1930 19 . 340 62 10 cents ..... ..... Total Expenses for Year Salaries Rent Deposits Number 230 of depositors Rate of interest paid during year Interest payable June 15, Dec. 15. of interest — 114 97 Other expenses 7V2 % Rate $85 00 v $199 97 Total on loans: $3,274.39 at 12%. BOSTON — SOCIAL SERVICE CREDIT UNION Incorporated August 19, 1921. Began business September Jennie S. 1921 Joseph Campana, Treasurer 1, George C. Greener, President Swartzman, Clerk of Corporation Board of Directors: A. E. Barrassot, Carmella M. Campanaf, Joseph Campana, S. Julia Cohen, F. M. Collins, T. E. Cuoco*, William Di Marchi, Helen M. Fopiano, N. A. Franzeim, Ethel M. Galwayf, Anthony Granara*, J. A. Granara, G. C. Greener, A. D. Iacono*, Mary G. Palumbo, Jennie S. Swartzman, Margaret M. Well. Meetings held at 39 North Bennet Street. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Personal loans: Unsecured Secured 51,727 20 6,005 4,699 6,850 2,000 4,842 Real estate loans: 1st mortgages 2nd mortgages Deposits in savings banks Deposits subject to check Cash on hand Furniture and fixtures Overs and shorts Shares Deposits 00 00 00 00 57 Other 275 50 546 00 1 00 . $71,238 66 9,472 99 3,407 31 1,880 41 131 42 796 98 18 50 . Guaranty fund Reserve fund Undivided earnings Net current income liabilities $86,946 27 $86,946 27 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 364 235 520 25 cents Total Expenses for Year Rent 5,554 Other expenses 44 00 540 16 5% . 1, ...... ...... ..'.-.. Salaries ... Number of depositors of interest paid during year Interest payable Jan. 1, Apr. 1, July Rate 5% 1,066 Deposits Rate Dividends 1930 of dividend, Nov., Oct. of interest 1. on loans: $ Total 299.00 at 6%; $75,982.20 at 7%. 1,094 16 BOSTON — SOLIDARITY CREDIT UNION Incorporated November 19, 1926. Began business November 22, 1926 Harry Golden, Treasurer Joseph Binder, President Harry Golden, Clerk of Corporation Board of Directors: Israel Bichman, Joseph Binder*, Benjamin Blackman*, Harry Golden, L. M. Gropmanf, Sander Kamelgaren, Harry Kaminsky, Hyman Koshack, Samuel Lofchiet. Max Rosenbergf, Hyman Silverstein*. Meetings held at 1165 Blue Hill Avenue. STATEMENT OF CONDITION, DECEMBER Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check Furniture and fixtures . . . $12,058 50 5,841 37 1,175 00 1,243 57 . 45 26 60 00 5,117 94 . Real estate by foreclosure 31, 1930 . Shares ..... .... Guaranty fund Reserve fund Undivided earnings Net current income . . . ' 425 11 6 42 245 00 $25,541 64 $25,541 64 * Credit Committee. $23,659 96 1,205 15 . t Auditing Committee. 54 P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 11 21 154 92 . $2 00 8, Part IV. Dividends Rate of dividend, May, 1930 Nov., 1930 3 none Total Expenses for Year Other expenses $475 00 187 00 298 16 Total $960 16 Salaries Rent Rate of interest on loans: $17,899.87 at 7%; $1,175.00 at 6%. BOSTON — SOUTH BOSTON CREDIT UNION Began business October Incorporated August 21, 1929. 8, 1929 Harry Joseph Kruger, President Rifchin, Treasurer Morris Shapiro, Clerk of Corporation Board of Directors: Max Harry Fine, Sam Katz, Caiman Koenigt, Joseph Kruger, Harry Marcusf, Rifchin*, J. I. Segol*, Morris Shapirof, Morris Smith, Julius Standel. Reuben Ocnoff*, Meetings held at 484 East Fourth Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Deposits subject to check Liabilities $957 00 525 17 . L.443 71 Shares 5 48 32 98 Guaranty fund Net current income $1,482 17 $1,482 17 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 4 of dividend, none paid none . Rate Rate 41 6 25 cents of interest Total Expenses for Year Salaries Rent Other expenses $10 10 Total $10 10 on loans: $957.00 at 8%. BOSTON — SOUTH END CREDIT UNION Incorporated June 28, 1921. Began business July 24, 1921 Samuel David Lasker, President Martha Kreigsman, S. Hurst, Treasurer Clerk of Corporation H. Bloom*, David Brockmanf, Harry Cibley*, Morris Goodman, Louis Greenstein, Hymanf, Martha M. Kreigsman, Benjamin Kupersmith*, David Lasker, Harry Millerf, George Primack, Gdalio Soroka, Edward Spiegel*, Michael Stone* (two vacancies). Board of Directors: S. S. Hurst, C. I. S. Meetings held at 377 Harrison Avenue. STATEMENT OF CONDITION, DECEMBER 31, 1930 Liabilities Assets Personal loans: Unsecured Secured $11,958 14 23,462 10 Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check Furniture and fixtures 1,850 00 . 30 20 . 1,761 27 $35,412 55 1,558 65 2,837 19 133 01 4 00 Shares Guaranty fund Undivided earnings Net current income Other liabilities 883 69 $39,945 40 $39,945 40 Dividends Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 90 214 736 345 . 50 cents Rate of dividend, none paid Total Expenses for Year Salaries Rent Other expenses Total Rate of interest on loans: $35,420.24 at 8%; $1,850.00 at 10%. * Credit Committee, t Auditing Committee. $558 00 587 00 900 75 $2,045 75 P.D. 8, Part IV. 55 BOSTON — STAR CREDIT UNION Began business November Incorporated October 22, 1926. Jacob M. Freeman, President 3, 1926 Joseph Mirapaul, Treasurer Joseph Mirapaul, Clerk of Corporation Board of Directors: M. V. Aaronsf, Max Altshuler*, Abraham Bell, Morris Brown, Harry Cohen, J. M. Freeman*, Benjamin Isenberg, Isidor Lesofsky*, Samuel Merinf, Joseph Mirapaul*, Harry Polskif, Samuel Rubin, H. S. Titelbaum*. Meetings held at 318 Blue Hill Avenue (Roxbury District). STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Liabilities $4,566 70 7,483 40 907 31 , $12,055 70 774 24 1 82 115 60 10 05 Shares Guaranty fund Undivided earnings Net current income Other liabilities $12,957 41 $12,957 41 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 28 Rate Dividends 1930 5% of dividend, Nov., 17 . 105 75 >1 00 Total Expenses for Year $370 00 96 00 600 28 Salaries Rent Other expenses $1,066 28 Total Rate of interest on loans: $12,050.10 at 7%. BOSTON — STATE EMPLOYEES' CREDIT UNION Incorporated April Edmund Weber, 4, 1921. Began business May 1, 1921 Ernest President W. Towne, Treasurer Grace L. Grover, Clerk of Corporation Board of Directors: C. A. Bamford*, A. R. G. Bootht, Fred Fairf, H. P. Furnald*, Grace L. Grover, Grace M. Hamiltonf, L. A. Harris, J. A. Hart*, M. G. Lawrence, N. R. Mosher* H. A. Plett* W. G. Strong, E. W. Towne, Edmund Weber, W. B. Whittaker*. Meetings held at Room 535, State House. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Co-operative bank shares Deposits subject to check Cash on hand Furniture and 31,572 79 646 00 2,000 00 2,713 94 5 00 54 00 . fixtures Shares Deposits $48,945 63 897 60 2,805 45 1,514 99 1,085 67 693 39 49 00 1,000 00 . Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities Bills payable $56,991 73 $56,991 73 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 190 156 . Rate Interest payable Feb. 1, year May 1, Aug. 1, $2,160 00 Rent 4 675 68 Other expenses 5% . Rate 6% Total Expenses for Year Salaries ... of depositors of interest paid during of dividend, Nov., 1930 618 446 ;i 00 Deposits Number Rate Nov. Total 1. of interest $2,835 68 on loans: $52,218.79 at 6%. BOSTON — STOLINOW CREDIT UNION Incorporated January 10, 1927. Max Began business January Anna Abraham 1927 Harry Levenson, Treasurer Osofsky, President Board of Directors: 11, Kessin, Clerk of Corporation Alex Kamenetsky, Anna Kessin*, Harry Kessinf, Harry Levinson, Isadore Lipnick*, Max Osofsky, Abraham Smith*, Louis Weiner*, Solomon Zweigman*. Millerf, Joseph Millerf, Meetings held at 92 Leverett Street. * Credit Committee. t Auditing Committee. P.D. 56 STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 8, Part IV. 31, 1930 ...... .... Liabilities $2,971 00 2,198 00 1,000 00 , 616 80 , Shares Guaranty fund Undivided earnings Net current income .... . . $6,348 59 322 23 83 75 31 23 . $6,785 80 $6,785 80 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 10 Rate Nov., 1930 5 . 63 39 $1 00 ...... .... Total Expenses for Year Other expenses $155 00 60 00 - Total $215 00 Salaries Rent Rate of interest 4% 4% May, 1930 of dividend, on loans: $5,169.00 at 8%. BOSTON — SUFFOLK CREDIT UNION Incorporated November 29, 1926. Myer Dobro, Began December business, 6, 1926 Morris Slotnick, Treasurer President Jacob Moskowitz, Clerk of Corporation Board of Directors: Nathaniel Abrams, Myer Dobro, Harry Ficksman, Edward Konigsburg*, Jacob Moskowitz*, Julius Moskowitzf, Morris Rottenberg*, Harry Slotnick, Morris Slotnick, Adolph Sokaler, Joseph Weinberg!. Meetings held at 8 Lovering Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Liabilities $5,170 59 1,176 00 2,920 61 , 5,579 48 Shares Guaranty fund Undivided earnings Net current income Other 259 92 291 03 133 77 3 00 liabilities $9,267 20 $9,267 20 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . 17 12 79 42 Rate 25 Salaries of dividend, 4% 4% May, 1930 Nov., 1930 Total Expenses for Year $209 00 66 00 59 55 Rent Other expenses $334 55 Total Rate of interest on loans: 8%. 56,346.59 at BOSTON — TELEPHONE WORKERS' CREDIT UNION Incorporated Hugh March 3, 1917. Began business March 24, 1917 W. Chester Crispin, Treasurer Edward L. Shanney, Clerk of Corporation Board of Directors: Ellen M. Bransfield, W. L. Broder, G. A. Bussey, H. B. Crawford, W. C. Crispin, C. F. Donahoe, F. D. Field*, H. H. Hayman, Mary C. Hickey, E. P. Histen*, J. C. Keating, C. E. Lovejoy, B. Crawford, President A. Marrf, P. J. Mclnerneyt, J. R. McLeish*. O. G. Richards, E. L. Shanney, E. Tierney, Mary E. Vickery, H. F. Whittier. J. J. J. A. $343,807 291,078 45,984 25,428 97 80 93 Simonianf, Meetings held at 119 Milk Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Real estate loans: 1st mortages .... .... .... 2nd mortgages Bonds Co-operative bank shares Deposits in savings banks Deposits subject to check . . . Cash on hand Other assets Real estate by foreclosure . Furniture and fixtures 31, 1930 Li abilities $315,514 258,148 107,064 20,124 33,200 38,000 373 95 9,381 6,661 181 23,291 3,000 44 97 59 50 40 00 00 15 Shares Deposits . Guaranty fund Undivided earnings Net current income Other liabilities Notes payable 99 8,617 79 . . 23 00 100,000 00 . 14 34 00 $814,941 48 $814,941 48 * Credit Committee. t Auditing Committee. One vacancy. P.D. 8, 57 Part IV. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Dividends Rate of dividend, Nov., 1930 898 365 . 6% 7,806 4,724 . Total Expenses for Year 10 cents L5.967 01 Salaries Rent Deposits Number Rate of depositors of interest paid during year . Interest payable Feb. Rate May 1, 1, of interest 2,954 66 5% . Aug. Other expenses 6,298 . . 1, Nov. $18,921 67 Total 1. on loans: $258,148.59 at 5%; $422,579.45 at 6%; $20,124.40 at 7%. — TIFERETH BOSTON Incorporated November 8, JACOB CREDIT UNION Began business November 1926. 26, 1926 Edward Casper Kalish, President Goldstein, Treasurer Philip Paris, Clerk of Corporation Board of Directors: Louis Adelman*, Abraham Figur, W. L. Frye, Edward Goldstein, David Greenglass*, L. I. Greenglassf, Casper Kalish, Philip Paris, Samuel Rabinovitzf, Charles Romonowf, A. A. Tack*. Meetings held at 865 Blue Hill Avenue (Dorchester District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check Furniture and fixtures 31, 1930 Liabilities $1,538 21 855 04 363 41 . 30 00 ...... .... .... Shares Guaranty fund Net current income Other .... liabilities $2,786 66 $2,600 37 160 09 25 45 75 $2,786 66 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 6 9 . 76 28 25 cents Rate 4% of dividend, Nov., 1930 ...... ...... .... Total Expenses for Year Salaries Rent Other expenses Total Rate of interest on lo ans: $100 00 105 00 11 60 $216 60 8%. $2,393.25 at BOSTON — TRIMOUNT CREDIT UNION Incorporated December 22, 1926. Began business January Harry Golden, President 25, 1927 Bernard Bernard S. Schwartz, Treasurer S. Schwartz, Clerk of Corporation Board of Directors: Israel Bernstein*, H. P. Gadonf, Harry Golden*, Moe Heichman, Joseph Ladge, Morris Ladgef, B. S. Schwartz*, S. H. Schwartz, Barney Stearns, William Wald, Samuel Waldsteinf. Meetings held at 49 Chambers Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans : Liabilities Unsecured $1,083 50 Secured Deposits in savings banks Deposits subject to check 479 00 336 51 336 10 . . Shares ..... .... . . . Reserve fund Undivided earnings Net current income . .... 95 00 64 52 20 75 $2,235 11 $2,235 11 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 3 2 19 12 . $1 00 Rate of dividend, Nov., 1930 ...... ....... Total Expenses for Year Salaries Rent Total Rate of interest Committee. on 4% 4% May, 1930 Other expenses * Credit $2,054 84 loans: $1,562.50 at . . . . . $25 00 25 00 . . . . $50 00 12%. t Auditing Committee. 58 P.D. BOSTON — UNION Yam, Part IV. PARK CREDIT UNION Incorporated December 16, 1926. Bessie 8, Began business December 28, 1926 Dora Katz, Treasurer President Rose Cutler, Clerk of Corporation Board of Directors: Rose D. Bazar, Bessie Cohen, Rose Cutler*, Sadie Danziger, Ethel A. Hurwitzf, Dora Katz, Viola Leventhal*, Rose G. Rubint, Frances Smith, Bessie Yam*, Florence Yaffif. Meetings held at 13 Florence Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check !2,147 00 1,623 00 1,574 44 544 48 Shares 5,365 16 Guaranty fund Undivided earnings Net current income Other 288 28 167 34 66 14 2 00 liabilities $5,888 92 $5,888 92 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 11 6 . Rate Dividends 1930 Total Expenses for Year 62 46 00 5^% of dividend, Nov., $125 00 24 00 Salaries Rent Other expenses 11 19 Total Rate of interest on loans: $160 19 53,770.00 at 8%. BOSTON — UNION WORKERS' CREDIT UNION Incorporated April Began business April 1921. 4, 20, 1921 Bertha Cohen, Treasurer Michael Conlon, President Charles Kenney, Clerk of Corporation Board of Directors: W. E. Boyce, M. J. Byrnef, Bertha Cohen, Michael Conlon, James Faulknerf, H. P. Grages, H. A. Hart, T. F. Hennessey, Charles Kenneyf, Daniel Leary, Patrick Madden*, M. J. Monahan, J. J. Murphy, Henry Wise*, (one vacancy). Meetings held at 5 Boylston Place. STATEMENT OF CONDITION, DECEMBER Assets Unsecured Secured Deposits subject to check Furniture and fixtures Personal loans 31, 1930 Liabilities $8,486 20 113 00 326 34 : . Shares Deposits ..... ..... Guaranty fund .... Reserve fund Net current income Other liabilities 49 28 $6,592 99 524 46 898 81 809 91 139 83 8 82 . $8,974 82 $8,974 82 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . Rate 51 . 46 206 123 50 cents, Total Expenses for Yeiir Salaries Rent Deposits Number of depositors Rate of interest paid during year Interest payable May 30, Nov. 3 ..... . Other expenses 5% Total 30. Rate of interest 6% of dividend, Nov., 1930 on lo ins: $8,599.20 at $411 00 120 00 69 05 . . .... $600 05 8%. BOSTON — UNITY CLUB CREDIT UNION Incorporated August 30, 1926. Began business September 15, 1926 Herbert Charles E. Roberts, President W. Pearson, Treasurer Alice T. Sheerin, Clerk of Corporation Board of Directors: M. H. Cookf, J. L. Donovan, R. P. Gallagher, A. E. Harris, F. W. Knight*, L. C. Lundsted*, E. H. Mannf, E. J. Meyerf, H. W. Pearson, C. E. Roberts, Alice T. Sheerin, Marion C. Webster*. Meetings held at 40 Broad Street. * Credit Committee. (One vacancy.) t Auditing Committee. P.D. 8, 59 Pari IV. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Deposits in savings banks Deposits subject to check Expense, less current income . Liabilities . . . . . . $3,291 29 129 24 555 30 10 56 . . $2,455 85 Shares Deposits 1,139 14 . Guaranty fund Undivided earning Other liabilities 188 46 202 84 10 $3,986 39 $3,986 39 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . . . . 10 12 . 97 47 . 10 cents . ... of depositors of interest paid during year Interest payable Feb. 1, 1, Aug. Rate May 1, Total Expenses for Year $50 00 Rent 23 Other expenses 39 73 5% . Rate 6% of dividend, Nov., 1930 Salaries Deposits Number Rate Nov. Total 1. of interest $89 73 on loans: $3,291.29 at 6%. BOSTON— VICTORY CREDIT UNION Incorporated December 7, 1926. Began business December Falk Nathan, President 13, Paul 1926 S. Finkelstein, Treasurer Jacob N. Lipman, Clerk of Corporation Board of Directors: David Bloomf, R. J. Cohenf, P. S. Finkelstein*, Benjamin Freedman*, Solomon Freedman, Solomon Green*, Samuel Krenskyf, Jacob Lipman*, Falk Nathan*, Benjamin Shair*, Samuel Zitter*. Meetings held at 151 Humboldt Avenue STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Personal loans: Unsecured Secured $10,253 52 2,675 67 . Real estate loans: 2nd mortgages Deposits subject to check 390 00 737 17 30 00 . Furniture and fixtures Shares . . Guaranty fund Undivided earnings Net current income Other ... . . $13,102 57 380 91 350 81 245 07 7 00 . liabilities $14,086 36 $14,086 36 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . • . 42 8 117 68 Rate $1 00 Rent of dividend, Nov., 1930 ..... Total Expenses for Year Salaries Other expenses Total 3t 8% ... .... . $208 00 300 00 54 00 $562 00 on loans: $12, 929.19 at 8%; $390.00 at 12%. BOSTON— VOLINER HEBREW CREDIT UNION Incorporated October 6, 1926. Began business October 11, Joseph Spiegel, President 1926 Daniel Neckers, Treasurer Samuel Kaizerman, Clerk of Corporation Board of Directors: Joseph Berman*, Joseph Bushnerf, Edward Goldstein, Barney Kaizermanf, Karl Kaizerman*, Samuel Kaizerman, Daniel Neckers, Morris Norse*, Barnett Smokier, Joseph Spiegel, Thomas Webberf. Meetings held at 13 Florence Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Liabilities $2,478 79 3,309 21 622 20 944 54 . . 31, 1930 Shares ..... Guaranty fund Undivided earnings Net current income Other . . liabilities $7,354 74 * Credit Committee. $6,805 89 514 68 11 17 18 00 5 00 $7,354 74 t Auditing Committee. P.D. 60 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Dividends Rate of dividend, Nov., 1930 15 4 109 53 . 7% $460 00 180 00 Salaries Rent Other expenses 34 67 Total on loans: $5,788.00 at 8%. of interest Part IV. Total Expenses for Year $1 00 Rate 8, $674 67 BOSTON — WALWORTH CREDIT UNION Incorporated January Raymond 4, Began business January 1921. E. Henchey, President 6, 1921 Frederick O. Watt, Treasurer Frederick O. Watt, Clerk of Corporation Board of Directors: W. C. Adams*, O. W. Berg, R. K. Buxton, R. B. Currier*, John David, R. E. Henchey, J. J. Kenney, J. W. McPhee, W. P. Murphy, D. F. O'Connor, V. J. Plansky*, W. A. Podolski, G. A. Rickerf, C. G. Stickneyt, A. G. Tessier, F. O. Watt, A. F. Wright, Jeanette R. Wyeskif. Meetings held at 800 First Street (South Boston District) STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities ) Personal loans: Unsecured Secured Real estate loans: 2nd mortgages Co-operative bank shares Deposits in savings banks Deposits subject to check $5,804 64 1,631 75 1,550 1,640 14,413 1,101 . . . 00 00 21 79 Shares Deposits $10,181 80 12,472 24 . Guaranty fund Undivided earnings Net current income Other liabilities 1,469 14 1,679 34 337 62 1 25 $26,141 39 $26,141 39 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 60 134 335 145 . Rate of dividend, Dividends Nov., 1930 7% Total Expenses for Year 25 cents Salaries Rent Deposits Number Rate of depositors of interest paid during j'ear . Interest payable Rate Mar. of interest 102 . . $103 98 Other expenses 5% . June 1, Sept. 1, Dec. 1. $103 98 Total on loans: 00 at 6^%; $561.00 at 7%; $7,494.23 at 8%; $131.16 at 10%. 1, BOSTON — WARREN CREDIT UNION Incorporated November 29, 1921. Began business November 29, 1921 Solomon Waters, Treasurer Louis Siegel, President Solomon Waters, Clerk of Corporation Board of Directors: Samuel Agranat, Benjamin Bloom, William Fagellfi Louis Fox*, Max Gilbert, Morris Liberman*, Louis Ratzkoff, Edward Siegel*, Louis Siegel, E. F. Smithf, Mendel Watersf, Solomon Waters, Abraham Ynkelewitz. Meetings held at 288 Blue Hill Avenue (Roxbury District). STATEMENT OF CONDITION, DECEMBER Assets Personal ioans: Unsecured Deposits in savings banks Deposits subject to check Furniture and fixtures 31, 1930 Liabilities $33,251 06 2,397 13 472 61 . . . 450 00 Shares Deposits ..... . . ..'.'•' . Guarantv fund Reserve fund Net current income . Other . liabilities $25,148 8,153 2,541 540 173 13 84 73 50 70 03 00 $36,570 80 $36,570 80 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 75 147 542 312 . Rate of dividend, ^ Salaries Rent Number of depositors of interest paid during year Interest payable Feb. 1, May 1, Aug. 28 6% Rate Rate 1, Nov. 1. of interest * Credit Committee. ..... Total Expenses for Year $1 00 Deposits none paid Other expenses .... Total on loans: $33,251.06 at 8%. t Auditing Committee. $1,745 00 590 84 321 54 $2,657 38 P.D. 8, Part IV. 61 BOSTON— WASHINGTON CREDIT UNION Incorporated October 15, 1926. Began business October 15, 1926 Abraham Fine, Treasurer M. Peskin, Clerk of Corporation Board of Directors: Samuel Backmanf, Abraham Bikofsky, A. J. Chicofskyf, Abraham Fine, Barney Kerman, Frank Land*, Max Levenson, E. M. Peskinf, Joseph Pikofsky*, Charles Roberts, Julius Stone*. Abraham Bikofsky, President Eli Meetings held at 1165 Blue Hill Avenue (Mattapan District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check 31, 1930 Liabilities $10,458 50 2,651 00 620 69 . ..... Shares Guaranty fund Undivided earnings Net current income Other . . liabilities Membership 00 Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 27 Rate of dividend, 112 ..... ..... Total Expenses for Year 78 $1 00 Salaries Rent Other expenses Total of interest BOSTON 4% 4% May, 1930 Nov., 1930 11 . .... $393 00 168 00 122 29 $683 29 on loans: $12,369.50 at 8%; $740.00 at 12%. — WELFARE Incorporated January 12, 1927. Hyman 44 99 31 45 $13,730 19 $13,730 19 Rate $12,875 622 103 121 7 CREDIT UNION Began business January 12, 1927 Samuel Tobe, Treasurer Aronson, President Samuel Newman, Clerk of Corporation Board of Directors: Hyman Aronson, H. B. Centz, Jacob Goldstein, Simon Grinspoonf, Jacob Ludenskyf, Samuel Newman, Saul Orel*, Esther Ozer, D. M. Perlmutter, Morris Pipkovitz*, Abraham Shapiro*, Harry Shoref, Samuel Tobe. Meetings held at 79 Cambridge Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Liabilities $13,716 55 1,263 00 147 74 345 31 . Other assets Furniture and fixtures Expense, less current income 34 94 20 69 $12,291 27 2,343 40 Shares Guaranty fund Reserve fund 944 05 $15,578 72 $15,578 72 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 8 Rate of dividend, 66 . 163 82 $1 00 none paid .... .... Total Expenses for Year Salaries Rent $795 00 251 72 179 22 Other expenses $1,225 94 Total Rate of interest on loans: $14,979.55 at 8%. BOSTON -r- WELLINGTON CREDIT UNION Incorporated October 23, 1926. Harry Began business November 1, 1926 Aaron Kagan, Treasurer Silverstein, President Barnett Rich, Clerk of Corporation Board Carnam*, Joseph Freedman, Aaron Kagan, Solomon Kramer, Alan Kravitz, Barnett Nathan Rosen*, Harry Rotman*, Louis Rotmanf, Nelson Rotmanf, Mark Salzmanf, Harry SilverPaul Smith, William Smith, Benjamin Weisman. of Directors: Saul Rich, stein, Meetings held at 1165 Blue Hill Avenue (Mattapan District). * Credit Committee. t Auditing Committee. P.D. 62 STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Deposits in savings banks Deposits subject to check Other assets Liabilities . 500 00 321 14 . . . $8,389 50 . . . . . . Part IV. 8, 31, 1930 . . . 166 01 . Shares 5,212 Guaranty fund Undivided earnings Net current income 49 569 78 567 38 27 00 $9,376 65 $9,376 65 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 11 5 . . . 109 64 $1 00 . . . . Rate none paid of dividend, Total Expenses for Year $100 00 120 00 323 77 Salaries Rent Other expenses Total Rate on loans: of interest $543 77 i8,389.50 at 8%. BOSTON— WEST END CREDIT UNION Incorporated William I. May 22, 1912. Began business June 10, 1912 Karp, President Louis Kandall, Treasurer Max Kabatznick, Clerk of Corporation Cohen, Max Board of Directors: Joseph Cooperf, Alexander Elmanf, Hyman Epstein*, Max Forman, Samuel Gammerman, Samuel Garber*, Max Kabatznick, Louis Kandall, W. I. Karp, H. H. Levine*, Harry Parkerf, Morris Segal, Max Shapiro, Hyman Terban. Meetings held at 62 Chambers Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 580,153 17,427 10,616 71,842 2,065 1st mortgages 2nd mortgages Real estate by foreclosure . Furniture and fixtures 70 00 00 52 15 2,000 00 Shares Deposits $133,808 26,346 20,412 36 802 325 24 2,349 . Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities Miscellaneous accounts $184,104 37 $184,104 37 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 134 128 . Rate of dividend, Total Expenses for Year 96 of depositors of interest paid during year 1, $4,401 00 1,426 02 . Rent Number Rate 6% 495 $1 00 Salaries Interest payable Feb. Dividends Nov., 1930 1,291 Deposits Rate May 1, of interest 17 36 23 00 04 82 00 75 Other expenses 796 49 6% Aug. 1, Nov. Total 5,623 51 on loans: $10,616.00 at 7%; $97,580.70 at 8%; $71,842.52 at 9%. BOSTON — WHITSON CREDIT UNION Incorporated March 5, 1915. Began business March 20, 1915 Harry W. Davis, Treasurer Alonzo B. Chapin, President Harry W. Davis, Clerk of Corporation Board of Directors: W. H. Bolster, Florence L. Carrollf, A. B. Chapin, H. W. Davis, A. E. Richardson*, H. B. Tabor*, Lillian Tuftsf, T. P. Wallace, Mary E. Walshf, Charlotte A. Wentzel, A. B. Wiswell*. Meetings held at 570 Rutherford Avenue (Charlestown District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured ..... Real estate loans: Bonds 1st mortgages Deposits in savings banks Deposits subject to check 31, 1930 Liabilities $1,898 8,544 1,790 5,943 ..... ..... 59 91 Shares Deposits 00 Guaranty fund 33 Reserve fund Undivided earnings Net current income . 1,241 56 . 977 72 .... . . Committee. $10,476 34 8,402 10 1,344 86 17 88 27 11 127 82 $20,396 11 $20,396 11 * Credit . t Auditing Committee. P.D. 8, 63 Part IV. Dividends Rate of dividend, Nov., 1930 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 65 38 210 . 119 50 cents 8% Total Expenses for Year Salaries Rent Deposits Number Rate 46 of depositors of interest paid during year Interest payable Feb. 1, May 4^% Aug. Rate 1, 1. Nov. Other expenses $60 72 Total $60 72 1. on loans: $12,233.50 at 6%. of interest BOSTON — WOLF POST ASSOCIATES CREDIT UNION Incorporated January 6, 1930. Began business January 14, 1930 Gabriel Cohen, Treasurer Joel L. Miller, President Gabriel Cohen, Clerk of Corporation Board of Directors: Simon Bennett*, Gabriel Cohen, M. Cohen, Abraham Endler, S. Henry Markowf, Arthur Simons, Joseph Spielman, Abraham Warshaw. L. R. Haffer*, Nathan Haffer, Israel Kolikof* J. L. Miller, Israel Hyman Finkelsteinf, Ruby, Harry Salutskyf, Meetings held at 20 Charlotte Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities I 00 256 00 35 91 103 85 1,357 . . $1,615 03 48 39 55 13 33 21 Shares Guaranty fund Undivided earnings Net current income Other liabilities 1 00 $1,752 76 $1,752 76 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 71 6 65 26 50 cents . Rate of dividend, Nov., 1930 Total Expenses for Year Salaries $5 00 Rent Other expenses 47 51 $52 51 Total Rate 4% on loans: $1,613.00 at 6%. of interest BOSTON — WOODROW CREDIT UNION Incorporated October Began business November 13, 1926. Louis Feinstein, President 1, 1926 Joseph B. Shanis, Treasurer Frederick Charles, Clerk of Corporation Board of Directors: David Barenberg*, Frederick Charles, H. A. Cohen, Louis Feinstein, Hyman Gilbert*, K. A. Kaplan, Abraham Katz*, Harry Lukatchf, J. B. Shanis, K. H. Slypackf, Abraham Tilkenf. Meetings held at 1111 Blue Hill Avenue (Dorchester District). STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures 31, 1930 Liabilities . . . . . . . . . . . . . . $10,198 68 4,774 00 1,123 37 134 48 157 60 Shares Deposits . . . . . .... Guarantv fund Reserve fund Undivided earnings Net current income Other liabilities . . $16,388 13 $16,388 13 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee ner member 23 22 133 82 . . Rate of dividend, Nov., 00 1930 $550 00 371 38 Rent Number of depositors of interest paid during year Interest payable Feb. 1, May Rate of 2 Other expenses Aug. 110 54 4% Nov. 1. Total interest on loans: $12,872.68 at 7%; $2,100.00 at 8%. 1, 5% Total Expenses for Year Salaries Depos its Rate $13,826 67 1,430 63 904 61 35 40 111 18 75 64 4 00 1, * Credit Committee. t Auditing Committee. 51,031 92 64 P.D. BOSTON — ZASLAV WOLIN CREDIT UNION Began business October Incorporated October 26, 1926. Sam 8, Part IV. 26, 1926 Jacob Shapiro, Treasurer Butkovitz, President Nathan Rosenberg, Clerk of Corporation Board of Directors: Sam Butkovitz, Samuel Fagelman, Joseph Grosserf, David Hurwitz, Samuel Kravitz, Jacob Kreidberg, Maurice Lightman*, Max Nimoy*, Samuel Oxmanf, Jack Reedt, Hyman Rissman, Pinkos Rissman*, Jacob Shapiro, Max Shapiro, Harry Silverman. Meetings held at Morton Building, corner Blue Hill Avenue and Morton Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured S6.450 34 4,058 00 Real estate loans: 2nd mortgages Deposits subject to check Other assets 975 00 676 58 304 26 . . . . Shares $10,666 41 1,519 57 259 84 3 36 15 00 Guaranty fund Undivided earnings Net current income Other liabilities $12,464 18 $12,464 18 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 13 22 188 58 >1 25 . Rate Rate of dividend, none paid Total Expenses for Year Other expenses $405 00 154 00 55 89 Total $614 89 Salaries Rent on loans: $975.00 at 6%; $10,508.34 at 8%. of interest BRAINTREE — BRAINTREE LEGION CREDIT UNION (2) Began business September Incorporated August 30, 1929. John Board W. R. C. L. Le Varn*, Long*, 1929 F. Toohey, Clerk of Corporation W. S. Eldredge*, R. P. Fitzgerald, G. W. C. W. Mann, L. C. Munro, A. L. Remickf, A. L. F. Cashenf, of Directors: 19, Loring C. Munro, Treasurer Reginald P. Fitzgerald, President Kilmain, Marion E. Learyf, P. Terrell, J. F. Toohey. Meetings held at Legion Building, Washington Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Deposits in savings banks Deposits subject to check Undivided earnings Liabilities . . $408 453 102 20 . .... . . . . . . 66 95 Shares Deposits 13 77 Guaranty fund Net current income Other $896 50 65 00 19 23 4 03 75 . liabilities $985 51 $985 51 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . . . . 17 2 61 19 25 cents . . . . ... Rate of depositors of interest paid during year Interest payable Feb. 1, May 1, Total Expenses for Year $60 90 Other expenses none Nov. 1, Rate none paid Rent 4 . Aug. of dividend, Salaries Deposits Number Rate $60 90 Total 1. of interest on loans: .66 at 12%. BROCKTON — BARBOURWELT CREDIT UNION Incorporated February J. 12, 1930. Began business February Frank Jackson, President Board of Directors: R. H. Barrett*, H. Gallagher, P. Evelyn Tucker*, W. C. Vizard. J. 1930 Charles James H. Johnson, Clerk C. T. Fieldst, C. 18, J. Gallagher, Treasurer Best*, Walter Bezanson, D. R. Browne, Walter Crowley, G. P. Deane, Greene, Methyl Haskellf, J. F. Jackson, J. H. Johnson, F. L. Sheaf, W. Meetings held at 932 North Montello Street. * Credit J. of Corporation Committee. t Auditing Committee. P.D. 8, 65 Part IV. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Deposits subject to check Liabilities $2,648 95 369 10 . ,783 07 Shares Deposits 72 35 45 72 71 23 40 93 75 4 00 . Guaranty fund Undivided earnings Net current income Other liabilities Overs and shorts $3,018 05 $3,018 05 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate Rate 91 Dividends 1930 8% of dividend, Nov., none . Total Expenses for Year 91 58 Salaries Rent 25 cents Other expenses $66 59 Total $66 59 on loans: $2,154.70 at 6%; $494.25 at 7%. of interest 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: D. S. Brodeur, Fred Counter*, M. F. Creedenf, Hugo DiSalle*, James Dodd, Herbert Garner*, A. A. Goldingf, J. E. Handrahan, Eugene Lamothe*, Edward Lanoue, Louis Lulow, Daniel Mahoney, Charles Mullinsf, Charles Murphy*, J. J. O'Brien*, Dennis Reagan, Abraham Rusacow, Bernard Smith, Samuel Stone, D. S. Tarlow, Harry Warshauer. Board Meetings held at 70 Legion Parkway. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Real estate loans: 1st Liabilities . . mortgages 2nd mortgages Bonds Deposits in savings banks Deposits subject to check Cash on hand Furniture and 31, 1930 . fixtures $209,888 22 14,551 00 39,466 66 14,707 00 4,230 00 258 39 11,831 83 2,653 86 1,908 20 ..... ..... .... Shares Deposits Guaranty fund $203,589 40 69,733 71 16,174 86 4,183 89 5,048 08 762 72 2 50 .... Reserve fund Undivided earnings Net current income Overs and shorts . . $299,495 16 $299,495 16 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 629 228 . Rate Dividends 1930 2,624 1,381 ..... none . Total Expenses for Year Salaries Rent Deposits Number of depositors of interest paid during Rate Interest payable Feb. Rate of interest 1, 323 1, Aug. 1, Other expenses 5K% year May Nov. Total 1. on loans: $39,466. 6( at 6%; $173,96 6.58 at $14,707.00 at BROCKTON — BROCKTON Incorporated September Thomas J. Barry, 7, Mark McCaul, Mary $4,534 00 1,121 69 2,468 52 .... $4,247.64 at 7%; $8,124 21 $46,22 5.00 at 8K%; 9%. A. O. H. CREDIT UNION Began business November 1, 1927 Thomas W. Thomas W. Driscoll, 1927. 6^%; President Board of Directors: 6^% of dividend, Nov., Driscoll, Treasurer Driscoll, Clerk of Corporation E. Baggef, Mary L. Barryf, T. J. Barry, Dennis Collins*, Michael Cribben* T. W. Fitzmaurice*, P. J. Hallisey*, W. P. Little, William Loughman, Owen McCaul* Philip E. Moynahan, Richard Nagle* T. F. Sullivanf. J. Meetings held at 52 * Credit Committee. Ward Street. t Auditing Committee. 66 P.D. STATEMENT QF CONDITION, DECEMBER Assets 8, Part IV. 31, 1930 Liabilities Personal loans: Unsecured Co-operative bank shares Deposits subject to check $1,310 00 Shares Deposits 600 00 409 94 ..... ..... Guaranty fund Undivided earnings Net current income $1,785 82 359 81 63 78 50 94 59 59 . . $2,319 94 $2,319 94 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 8 of dividend, 80 14 25 cents of depositors of interest paid during year Interest payable Feb. 1, May 1, 5 — Other expenses $13 60 Total $13 60 Rent Deposits Number ..... ..... Total Expenses for Year Salaries Rate 3% 3% May, 1930 Nov., 1930 3 . 5% Aug. 1, Rate Nov. 1. on loans: $1,310.00 at 6%. of interest BROCKTON — BROCKTON GAS LIGHT EMPLOYEES CREDIT UNION Incorporated October 13, 1926. Began business November A. Leon Curtis, President 1, 1926 Evelyn Evelyn S. O'Reilly, Clerk of S. O'Reilly, Treasurer Corporation Board of Directors: D. P. Bailev, W. E. Browne, O. A. Carroll, W. B. Caswell*, A. L. Curtis, A. D. Daniels, Myrtle E. Dowf, A. L. Millettef, Edna L. Mooney, W. P. Morton*, Evelyn S. O'Reilly, A. J. Sheehan, R. H. Sheldon, F. J. Sullivanf, F. M. Sullivan*. Meetings held at 54 Main Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Co-operative bank shares Deposits in savings banks Deposits subject to check $12,361 459 7,138 516 05 00 Shares Deposits $19,412 10 859 81 463 50 735 77 304 36 . Guaranty fund Undivided earnings Net current income Other liabilities 52 67 1,301 55 1 $21,776 79 $21,776 79 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 45 3% 6% 124 Total Expenses for Year 25 cents ... 1, l 209 of depositors of interest paid during year Interest payable Feb. May, 1930 Nov.. 1930 Deposits Rate of dividend, 3 . Number 25 May 1, of interest Aug. 1, . . Rent . . Other expenses 24 $71 81 . 5% . Rate Salaries .•'". Nov. 1. on loans: $12,629.05 at 6%; $191.00 at 7%. Total . . $71 81 BROCKTON — BROCKTON LABOR LYCEUM CREDIT UNION Incorporated June 26, 1929. Began business July 22, 1929. Harry Bronstein, Treasurer Harry Saltman, President Joseph Carson, Clerk of Corporation Board of Directors: Harry Bronstein, Harry Cantor, Joseph Carson, Harry Cohen*, Joseph Cohen*, Harris Hurwitzf, Abraham Levinef, Benjamin Millerf, Jack Miller, Max Rabinowitz*, Harry Saltman. Meetings held at 199 Crescent Street. STATEMENT OF CONDITION, DECEMBER Personal loans: Unsecured Deposits subject to check 31, 1930 Liabilities Assets Shares Deposits $8,316 73 436 05 . ..... ..... Guaranty fund Undivided earnings Net current income Other . . . liabilities 1 Extra dividend 3 00 $8,752 78 $8,752 78 * Credit Committee. $4,875 59 3,395 24 85 24 206 56 187 15 of 3% for six months. t Auditing Committee. P.D. 8, Part IV. 67 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 53 8 116 . 25 cents 3J^% 33 Other expenses 78 87 6% 1, Rate $100 00 Rent . May Total Expenses for Year Salaries ... of depositors of interest paid during year Interest payable Feb. 1, 1, Aug. Rate 3H% 68 Deposits Number Dividends Rate of dividend, May, 1930 Nov., 1930 Nov. $178 87 Total 1. of interest on loans: 6%. $8,316.73 at BROCKTON — BROCKTON POSTAL EMPLOYEES CREDIT UNION Incorporated January 5, 1923. Began business January 17, 1923 Thomas George W. Harrub, President Thomas Board of Directors: G. A. Barry, T. E. N. Godbout, T. A. Grant*, G. John Rooney*, Fred Williamsf. J, J. M. Cameron*, R. J. W. Harrub, B. F. Hartford, G. J. Barry, J. J. Barry, Treasurer Barry, Clerk of Corporation Crowley, A. P. Doane, T. F. Gilmoref. Hickey, J. J. Murphy, R. W. Robinsont, Meetings held at 43 Crescent Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Co-operative bank shares Deposits subject to check Cash on hand Liabilities ... . . $23,925 60 . 970 00 1,267 20 948 00 68 52 ..... . . . . . . Shares Deposits $23,435 60 1,412 68 1,053 85 150 67 764 57 361 70 . Guaranty fund Reserve fund Undivided earnings Net current income . Other 25 liabilities $27,179 32 $27,179 32 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . . . . . 9 8 . May Rate of interest Total Expenses for Year $150 00 Salaries Rent 25 Other expenses 115 75 5% . 1, 3^% May, 1930 Nov., 1930 25 cents . ... of depositors Rate of interest paid during year Interest payable Feb. 1, 1, Aug. of dividend, 216 110 . Deposits Number Rate Nov. 1. $265 75 Total on loans: $3,794.25 at 6%; $86.13 at 6J^%; $21,015.22 at 7%. BROCKTON — CAMPELLO CREDIT UNION Incorporated July 16, 1928. Began business July 25, Frank A. Emberg, President 1928 Gustave A. Nelson, Treasurer Carl J. A. Norton, Clerk of Corporation Board of Directors: Abraham Abrahamsonf, Eric Andersonf, F. A. Emberg, C. V. Erickson, Gust Fredrickson*, John Holmes, John Lindquist*, G. A. Nelson, C. J. A. Norton, Edwin Ozelius*, J. A. Seaquist, Nels Swansonf. Meetings held at 861 Main Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Deposits in savings banks Deposits subject to check Furniture and fixtures 31, 1930 Liabilities $4,516 60 . 250 00 94 44 55 01 . . Shares Deposits ..... ..... .... Guaranty fund Undivided earnings Net current income Other liabilities . . . . 103 86 17 55 27 09 1 25 $4,916 05 $4,916 05 * Credit Committee. • $1,679 19 3,087 11 t Auditing Committee. 68 P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 29 4 126 54 8, Part IV. Dividends Rate of dividend, Nov., 1930 25 cents 5% Total Expenses for Year Salaries Rent .... Deposits Number Rate of depositors of interest paid during year Interest payable Jan. Apr. 1, 1, 18 1, Rate $153 50 31 63 Total $185 13 5% . July Other expenses Oct. 1. of interest on loans: $4,516.60 at 6%. BROCKTON — CRESCENT CREDIT UNION Incorporated June 18, 1919. Began business July 1, 1919 Harry Tarlow, Treasurer Benjamin Richman, President Roland Tuck, Clerk of Corporation Board of Directors: Joseph Cohen, Joseph Denly, Benjamin Miller, Lawrence Perrottat, Maurice Raider, J. A. Rankin, Benjamin Richman, Aaron Rosen*, Henry Shacter*, A. K. Shimelovicht, David Silverstein|, Joseph Simon, Harry Tarlow, Roland Tuck, A. B. Yaffe*. Meetings held at 63-65 East Elm Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Liabilities $201,796 40 8,535 08 . 1st mortgages 2nd mortgages savings banks Real estate loans: Deposits in Deposits subject to check 71 7,573 36,492 15,039 2,754 48 58 26 100 00 1,205 55 9 40 .... . . Cash on hand Furniture and fixtures Overs and shorts Shares Deposits $160,450 91 90,814 46 . Guaranty fund Reserve fund Undivided earnings Net current income 17,518 1,845 1,142 1,735 . Membership 349 234 . Rate of dividend, 865 none Number 278 of depositors of interest paid during Rate of interest year Apr. 1, July 1, Dividends Nov., 1930 ...... ...... 7% Total Expenses for Year Rent Deposits Interest payable Jan. 17 1,634 Salaries Rate 13 68 $273,506 46 $273,506 46 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 11 Other expenses . Total . &3.172 00 1,084 91 1,968 16 6% 1, Oct. 1. 5,225 07 . on loans: $122,508.57 at 6%; $104,326.94 at 8%; $2,000.00 at 83^%; $25,562.16 at 9%. BROOKLINE — BROOKDOR CREDIT UNION Incorporated March 30, 1927. Began business March 30, 1927 Henry Melnick, Treasurer Saul Leavitt, President Henry Melnick, Board of Directors: H. E. Friedman, Harry Goorno, Leavitt, Saul Leavitff, Clerk of Corporation S. L. Jacobs,*, Joseph Leavitt, Joshua Leavitft, L. L. Nessonf, Bernard Shurdut*. Minna Henry Melnick, Edward Nesson*, Meetings held at 188 Winchester Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Co-operative bank shares Deposits subject to check Furniture and fixtures . . 31, 1930 Liabilities $7,788 10,306 1,000 658 4 71 Shares Deposits 00 49 00 Guaranty fund Undivided earnings Net current income 06 Other . liabilities $19,757 26 $19,757 26 * Credit Committee. $17,638 57 207 44 788 22 1,016 65 79 98 26 40 t Auditing Committee. P.D. 8, 69 Part IV. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Dividends Rate of dividend, Mav, 1930 Nov., 1930 25 3 89 . 51 $2 00 Total Expenses for Year $308 33 Salaries Rent Deposits Number Rate 1, July 366 90 Other expenses 4 of depositors of interest paid during year Interest payable Jan. 4% 4% 6% $675 23 Total 1. Rate of interest on loans: $18,094.77 at 8%. CAMBRIDGE — BROADWAY CREDIT UNION Incorporated October Began business November 16, 1926. 1926 3, Morris Kyett, Treasurer Israel Finstein, President Leo M. Rosenberg, Clerk of Corporation Board of Directors: Max Andelman, Charles Max Hanichf, Morris Philip Gans, Finstein*, Israel Finstein, Jacob Flaksman*, S. M. Flaksmant, M. Rosenberg, M. S. Shapirof, A. J. Siegel*. Kyett, L. Meetings held at 178 Elm Street. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Expense, less current income $7,907 14 . . 935 00 184 25 366 23 39 12 t . . ...... ..... .... Shares Guaranty fund Undivided earnings $8,125 32 1,210 55 95 87 $9,431 74 $9,431 74 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 10 30 141 48 $3 00 . Rate none paid of dividend, ...... .... Total Expenses for Year Salaries Rent Other expenses Total Rate of interest on lo ins: $611 17 148 00 201 38 $960 55 $8,842.14 at 8%. CAMBRIDGE — CAMBRIDGE CREDIT UNION Incorporated November Meyer Moskowitz, 5, 1926. Began business November 5, 1926 Frank Winkler, Treasurer President Leo M. Rosenberg, Clerk of Corporation Board of Directors: Meyer Berman, Israel Finsteinf, Simon Finstein, Jacob Flaksman*, Charles Goldstein, Greenberg, Max Haflich*, Meyer Moskowitz, Samuel Nissenbaum, Harry Ordesky, L. M. Rosenberg, Louis Schonbergf, I. W. Shudler*, Samuel Smolarf, Frank Winkler. Abraham Meetings held at 8 Tremont Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures $18,100 48 4,993 00 582 21 1,103 96 71 25 Shares Guaranty fund Reserve fund Undivided earnings Net current income Overs and shorts Membership 46 41 227 137 . $2 00 Rate of dividend, Dividends Nov., 1930 Salaries Rent ...... .... . * Credit Committee. $687 50 190 00 197 85 $1,075 35 Total of interest 8% Total Expenses for Year Other expenses Rate 05 $24,850 90 $24,850 90 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member $22,552 56 1,261 56 731 75 71 68 211 30 on loans: $23,093.48 at 8%. t Auditing Committee. 70 P.D. 8, CAMBRIDGE — CAMBRIDGE PORTUGUESE CREDIT UNION March 2, 1928. Roderick S. Perry, Clerk of Corporation Incorporated Joseph Began business March Part IV. 1928 9, Frank Dias, Treasurer S. Silva, President Board of Directors: A. da S. Branco, Agostino Camachof, Frank Dias*, J. S. Henriques, Salvador Henriques, G. Loja*, J. D. Medeiros, Antonio Nobrega*, R. S. Perryf, William Rose, J. S. Silva, J. P. Simoes, H. A. Viveirosf. Meetings held at 746 Cambridge Street. J. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Liabilities . . SI 5, 877 96 1,309 00 Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check Furniture and fixtures . 481 00 482 15 . 1,457 19 Shares $17,179 03 799 70 . . . Guaranty fund Undivided earnings Net current income Other liabilities .... . . 196 38 $19,803 68 1,379 13 428 82 17 00 $19,803 68 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 99 35 320 134 $1 00 . Rate of interest Rate 8% 1930 of dividend, Nov., ...... ...... ..... Total Expenses for Year Other expenses $336 00 324 50 291 83 Total $952 33 Salaries Rent on loans: $17,667.96 at 8%. CAMBRIDGE — CENTRAL CREDIT UNION Began business November Incorporated April 27, 1921. Mae 1, 1921 Edith Zarling, President Edith S. S. Ordesky, Treasurer Ordesky, Clerk of Corporation Board of Directors: Rose Fishman, Bessie Grossman*, Melda Mannosf, Rebecca Mannos, Edith S. Ordesky, Edith Rosenberg!, Frances Rubin*, Sarah Sessmanf, Agnes Shore*, Mae Zarling (one vacancy). Meetings held at 249 Hampshire Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Liabilities . $2,196 50 . 97 00 56 70 Shares ..... .... . . . / Guaranty fund Undivided earnings Net current income Other liabilities .... .... > $2,350 20 $1,910 391 5 35 14 87 52 67 7 00 $2,350 20 Dividends Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . 52 Rate 25 69 23 Salaries 50 cents of dividend, none paid Total Expenses for Year Rent ...... .... . . Other expenses Total of interest on los ms: . ...'• . $119 50 42 00 3 44 $164 94 $2,293.50 at 8%. CAMBRIDGE — EAST CAMBRIDGE CREDIT UNION Incorporated Abraham November 3, 1926. Began business November 3, 1926 Simon Newman, Treasurer Granoff, President Solomon Rosenthal, Clerk of Corporation of Directors: Harry Bond*, Max Bronstein*, Aaron Cohen, Israel Finstein, Lewis Freeman, David Goulis*, Abraham Granoff, Harry Klayman*, Simon Newman, Benjamin Pollackt, David Quitt, L. M. Rosenbergf, Solomon Rosenthal, Sam Shertzer*, Morton Surmanf. Board Meetings held at 1000 Cambridge Street. * Credit Committee. t Auditing Committee. P.D. 8, 71 Part IV. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Cash on hand Furniture and 31, 1930 Liabilities . $26,548 2,548 1,000 507 . . . 53 50 00 00 3 50 158 93 . fixtures ..... .... Shares Other $27,844 21 1,444 66 .... Guaranty fund Reserve fund Undivided earnings Net current income 909 80 264 09 301 70 2 00 . . liabilities $30,766 46 $30,766 46 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 27 30 261 . 125 $2 00 Rate of dividend, Nov., 1930 ..... ..... Total Expenses for Year Salaries Rent Other expenses Total Rate < }f interest 4% 4% May, 1930 $798 00 180 00 669 88 .... $1,647 88 on loans: $29,097.03 at 8%. CAMBRIDGE — ELM CREDIT UNION November Incorporated 5, 1926. Began business November 11, 1926 Harry Gorberg, Treasurer Peter Piltch, President Leah Finer, Clerk of Corporation Board of Directors: Benjamin Bicov*, J. W. Blackf, Leah Finer, Abraham Fooks*, Bernard Frank*, Harry Gorberg, Samuel Gerstein*, Benjamin Grossman, Abraham Nessenbaumf, Peter Piltch, Benjamin Rotmanf. Meetings held at 1000 Cambridge Street. STATEMENT OF CONDITION, DECEMBER Assets Liabilities Personal loans Unsecured Secured Deposits subject to check Expense, less current income $6,967 20 . : 31, 1930 962 00 589 61 119 06 . Shares Deposits ...... ...... .... .... Guaranty fund Undivided earnings Other liabilities . . . . $8,637 87 Rate of dividend, Nov., Salaries Rent Number May 1, 57 none year Nov. 66 29 00 7% 1930 ...... ..... Total Expenses for Year $2 00 Deposits Interest payable 00 2)iviclBTicls 32 8 128 71 . Rate 396 451 103 15 $8,637 87 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member of depositors of interest paid during $7,671 92 Other expenses Total 1. Rate of interest 1, 92 59 $512 59 on loans: $7,929.20 at 8%. CAMBRIDGE — G. Incorporated February $330 00 90 00 1930. R. CREDIT UNION Began business February Charles C. CaBey, President 20, 1930 Allan W. Lufkin, Treasurer Mildred E. Cox, Clerk of Corporation Board of Directors: W. W. Bishopf, C. C. Carey*, J. K. Clapp, Mildred E. Cox, G. H. Crafts, C. E. M. C. Hobart, E. H. Locket, A. W. Lufkin, Margery A. MacMastersf, E. S. Page*. Hills, Jr.*, Meetings held at 30 State Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Deposits subject to check Cash on hand Liabilities 52,074 25 1,437 62 . 217 03 . Shares 1,614 Guaranty fund Undivided earnings Net current income Other liabilities $3,728 90 $3,728 90 * Credit Committee. 12 42 10 26 51 45 67 50 t Auditing Committee. 72 P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 120 9 111 36 25 cents . Dividends Rate of dividend, Nov., 1930 6% Salaries Rent $40 15 Total of interest Part IV. Total Expenses for Year Other expenses Rate 8, $40 15 on loans: $160.25 at 4%; $1,914.00 at 6%. CAMBRIDGE — INMAN CREDIT UNION Incorporated October 29, 1926. Began business November Osias Brown, President 1926 16, Morris Kootcher, Treasurer Maurice A. Pearlman, Clerk of Corporation Board of Directors: Osias Brown, Abraham Fishmanf, Edward Kellyf, Samuel Kertzman*, Morris Kootcher, Julius Levyt, Joseph Nissen, Abraham Nissenbaum*, M. A. Pearlman, Louis Rodman, B. S. Rotman*. Meetings held at 1000 Cambridge Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Cash on hand 31, 1930 Liabilities $13,498 00 . 1,927 00 247 72 347 79 .... . . 101 52 ..... .... Shares Guaranty fund Undivided earnings Net current income Other liabilities . . . $16,122 03 $16,122 03 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 19 5 . 107 67 $2 00 Rate of interest $14,728 90 627 74 450 24 297 15 18 00 Rate of dividend, Dividends Nov., 1930 ..... ..... 8% Total Expenses for Year Other expenses $225 00 120 00 280 86 Total $625 86 Salaries Rent on loans: $15,425.00 at 8%. CAMBRIDGE — PROSPECT CREDIT UNION Incorporated February Edward J. 14, 1921. Began business February 26, 1921 Philip R. Garfinkle, Treasurer Sennott, President Albert G. Evans, Clerk of Corporation Board of Directors: Josephine M. Anzalone, J. J. Callahanf, J. F. Celi*, A. G. Evans, P. R. Garfinkle, R. H. Garfinklef, David Lezberg, D. F. Mockler, Mary Parsons*, Michael Richman*, John Rogersf, E. J. Sennott, Edna L. Spencer (two vacancies). Meetings held at 760 Massachusetts Avenue. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check $19,266 74 149 00 905 25 493 75 39 63 255 64 169 81 Cash on hand Furniture and fixtures Expense, less current income . Shares Deposits $12,373 75 4,065 07 1,696 64 2,202 38 26 19 . Guaranty fund Reserve fund Undivided earnings Other liabilities Dividend payable . 17 25 898 54 $21,279 82 $21,279 82 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 30 58 245 127 . Rate Interest payable Feb. 1, year May 1, Aug. Rate * Credit Total Expenses for Year Rent 15 Other expenses $994 00 122 35 217 94 5% . 1, none paid Salaries ... of depositors of interest paid during of dividend, 25 cents Deposits Number Rate Nov. 1. of interest Committee. Total on loans: $19,415.74 at 8%. t Auditing Committee. $1,334 29 P.D. 8, Part IV. 73 CAMBRIDGE — UNIVERSITY CREDIT UNION Began business October Incorporated October 18, 1926. 18, 1926 Louis Buchsbaum, Treasurer Eli J. Harris, President Abraham Hart, Clerk of Corporation Board of Directors: S. A. Anderson*, B. L. Barron, Isaac Berman, Jacob Berman, Louis Buchsbaum, Henry Conroy, John Costa, Samuel Davidson, Samuel Goodmanf, Samuel Goldstein, E. J. Harris, Abraham Hart, Joseph Jacobsf, Arthur Joel*, S. C. Millerf, Louis Potischmann, Morris Speil*. Meetings held at 22 Central Square. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured 31, 1930 Liabilities $12,335 65 3,086 09 1,044 17 1,148 86 218 01 128 00 . Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject' to check Furniture and fixtures . . ..... Shares .... Guaranty fund Reserve fund Undivided earnings Net current income Other . 600 00 75 38 147 99 39 36 . . liabilities $17,960 78 $17,960 78 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 37 26 . Rate DxvxdcTtds of dividend, Nov., 1930 200 104 I 50 . .... Rent on loans: ),218.01 at $410 00 156 00 173 66 $739 66 Total of interest 6% . Total Expenses for Year Salaries Other expenses Rate $15,699 40 1,398 65 6%; $7,247.90 at 8%. CAMBRIDGE — WESTERN CREDIT UNION Incorporated November 27, 1926. Began business December Harry C. Bennett, President 7, Benjamin Benjamin J. 1926 J. Rabinovitz, Treasurer Rabinovitz, Clerk of Corporation Board of Directors: H. R. Abromson, Sally H. Barberf, H. C. Bennett, Harry Dickson*, M. C. Kohant, Kramer*, Jacob Medoff*, Abraham Nidich*, B. J. Rabinovitz, Sydney Segelf, Samuel Wollins*. I. M. Meetings held at 12 Howard Street. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Personal loans: Unsecured Secured Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check . . . . . . . . . . . . $24,611 72 3,804 00 520 00 . 1,000 00 1,269 66 Shares Deposits $28,322 24 2,267 132 262 194 2 . Guaranty fund . Reserve fund Undivided earnings Net current income Other liabilities $31,205 38 Dividends 17 Rate of dividend, Nov., 1930 24 155 100 $1 00 . Other expenses $640 00 240 00 96 66 Total $976 66 Rent Deposits Number Interest payable first 2 Rate none year Tuesday in 6% Total Expenses for Year Salaries of depositors of interest paid during 14 53 58 46 00 $31,205 38 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 67 00 December. of interest on loans: $21,998.40 at 8%; $6,937.32 at 12%. CHELSEA — AMERICAN INDEPENDENT CREDIT UNION Incorporated October 19, 1926. Began business October Barnett Mack, President 19, 1926 Joseph Burke, Treasurer Isadore Gilman, Clerk of Corporation Board of Directors: Abraham Botmant, Samuel Botman*, Joseph Burke, Isadore Gilmanf, Louis Gorin*, Abraham Katz*, Louis Kushner*, Jacob Leiterf, Barnett Mack, Hyman Rothman*, Louis Zaks. Meetings held at 232 Broadway. * Credit Committee. t Auditing Committee. P.D. 74 STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check . 8, Part IV. 31, 1930 Liabilities . . . . . . . . . . Shares $10,529 58 . $11,630 38 734 19 476 31 21 38 Guaranty fund Undivided earnings Net current income 1,631 00 587 05 131 63 Other 17 00 liabilities $12,879 26 $12,879 26 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . . . . . 37 127 79 . $1 00 . . Rate 12 of dividend, 4% 4% May, 1930 Nov., 1930 Total Expenses for Year Other expenses $289 00 84 00 242 16 Total $615 16 Salaries Rent Rate of interest on loans: $12,160.58 at 7%. CHELSEA — BAY STATE CREDIT UNION Incorporated November Began business December 19, 1926. 1926 7, Hyman David Silverman, President David Oppenheim, Clerk Goldin, Treasurer of Corporation Board of Directors: Barnet Appelbaum*, Israel Bergerf, Robert Cohenf, Hyman Golden, Frank Nadler*, David Oppenheim, Julius Oppenheim*, Jacob Rubin, David Silverman, Harry Silverman*, Samuel Singer*. Meetings held at 453 Broadway STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities 1 Personal loans: Unsecured Secured Deposits in savings banks &6.064 81 1,445 00 567 13 2,385 32 Deposits subject to check Shares $9,677 61 Guaranty fund Undivided earnings Net current income 647 130 2 3 . Other liabilities $10,462 26 $10,462 26 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 9 14 78 60 $5 00 Rate of dividend, 4% 4% May, 1930 Nov., 1930 Total Expenses for Year $274 00 82 50 334 72 Salaries Rent Other expenses $691 22 Total Rate 87 87 91 00 of interest on loans: 7%; J,739.50at 1,770.31 at 8%. CHELSEA — BENJAMIN FRANKLIN CREDIT UNION Incorporated October 13, 1926. Began business November 16, 1926 Abraham Ashur Glass, President Max Sack, Treasurer Gray, Clerk of Corporation Board of Directors: Abraham Avon*, B. D. Avonf, Morris Bernsteinf, Max Bogoslowsky*, Nathan Epstein, D. S. Fine, Samuel Ginsburg, William Ginsburg*, Ashur Glass, Max Gray, Abraham Kaufman, Echiel Melnick, Harry Mendelson, Abraham Sack, Asker Shapirof, Isadore Taylor, Morris Winer. Meetings held at 5 Everett Avenue. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check . . . 31, 1930 Liabilities $9,229 33 9,591 40 1,082 33 167 09 Shares .... Guaranty fund Reserve fund Undivided earnings Net current income . Other . . liabilities $20,070 15 * Credit Committee- . $18,135 46 1,189 33 368 70 108 70 263 96 4 00 $20,070 IS t Auditing Committee. One vacancy. P.D. 8, 75 Part IV. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 21 37 193 109 . ! 00 Dividends Rate of dividend, May, 1930 Nov., 1930 5% 3% Total Expenses for Year Other expenses $540 00 215 79 142 24 Total $898 03 Salaries Rent Rate CHELSEA — CARMEL November Incorporated Nathan on loans: $18,820.73 at 8%, of interest 27, 1926. CREDIT UNION Began business November 29, 1926 Max Kraft, President Gelman, Treasurer Arnold Tarr, Clerk of Corporation Board of Directors: Goodman Alpert*, Samuel Barron*, Joseph Drebin, Max Gelman*, Harry Gouldf, Samuel Kotkerf, Nathan Kraft*, Nathan Smolker*, Isaac Steinbergf, Arnold Tarr, Benjamin Zirlin. Meetings held at 76 Orange Street. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Personal loans: Unsecured Secured Deposits subject to check 55,312 35 2,051 00 1,416 95 ..... Shares $7,285 10 .... Guaranty fund Reserve fund 617 08 91 00 768 50 15 62 3 00 . Undivided earnings Net current income Other liabilities . . . . . $8,780 30 $8,780 30 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . Rate of dividend, Nov., 6 19 79 50 Salaries 00 Rent 1930 . . .... Other expenses of interest $352 00 60 00 49 33 $461 33 Total Rate 8% Total Expenses for Year on loans: $7,363.35 at 8%. CHELSEA — CHELSEA CREDIT UNION Incorporated October 25, 1926. Began business November Nathan Weinstein, President 3, 1926 David Denenberg, Treasurer Martin M. Hyman, Clerk of Corporation Board of Directors: David Denenberg, Louis Gossf, Israel Goodman*, Earl Gordonf, Harry Hyman, M. M. Hyman, Abraham Kaplan, Morris Paris*, S. H. Weiner*, Nathan Weinstein, M. S. WulffMeetings held at 54 Washington Avenue. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures 31, 1930 Liabilities $29,476 6,185 4,389 467 789 . . . 05 00 31 66 13 .... Shares Guaranty fund Reserve fund Undivided earnings Net current income . . . 19 12 $41,307 15 $41,307 15 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . 18 24 253 155 $5 00 Rate of dividend, May, 1930 3% Nov., 1930 none .... .... Total Expenses for Year Salaries Rent Other expenses . Committee. $33,66 1.05 at 7%; $780 00 480 00 394 57 $1,654 57 Total of interest an loans: * Credit $34,039 27 2,086 62 1,095 77 66 48 999 89 3,000 00 Other liabilities Bills payable Rate . $2,000.00 at 10%. t Auditing Committee. 76 P.D. CHELSEA 8, Part IV. CHELSEA INVESTMENT CREDIT UNION Incorporated February 19, 1927. Began business March 9, 1927 Max Morris Litchman, President Aronovitz, Treasurer Fannie Gerson, Clerk of Corporation Board of Directors: Max Aronovitz, Isaac Bornstein, Fannie Gerson, Isaac Hankin*, Louis Lufsitzf Morris Litchman, Nathan Lowrief, Jacob Resnick*, Israel Rubinf, Harry Stoller, Louis Weger*. Meetings held 131 Arlington Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities $5,630 725 50 135 . . . 91 61 00 23 ....... Shares .... .... Guarantv fund Undivided earnings Net current income Other liabilities . $6,541 75 $5,989 40 278 66 190 99 78 70 4 00 $6,541 75 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 10 4 . 68 36 $1 00 Rate of dividend, 4% 4% May, 1930 Nov., 1930 ...... ...... ... ..... Total Expenses for Year Salaries Rent Other expenses . . Total Rate of interest CHELSEA $240 54 on loans: $6,356.52 at 8%. — CHESTNUT Incorporated November $120 00 48 00 72 54 2, 1926. CREDIT UNION Began business November 2, 1926 Wolf Wineberg Treasurer Louis Glazer, President Bessie Glazer, Clerk of Corporation Board of Directors: Sigmund Bernstein, Rebecca Cligstein*, Alice Finet, Barnet Glazerf, Louis Glazer*, Samuel Glazier*, Simon Goldman*, Samuel Grossf, D. S. Miller*, Wolf Wineberg*, Samuel Yanover. Meetings held at Chestnut Street. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Personal loans: Unsecured Secured Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check 59,418 62 2,266 00 2,683 00 . 625 81 67 00 . . Shares Guaranty fund $13,518 98 919 09 171 14 386 09 64 83 . Reserve fund Undivided earnin gs Net current incoi ne Other liabilities . . 30 $15,060 43 $15,060 43 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 18 of dividend, 15 cents of interest 3% May, 1930 3% Nov., 1930 37 201 97 . Rate Rate Total Expenses for Year Other expenses $314 50 120 00 237 76 Total $672 26 Salaries . . . . . Rent . . . . . on loans: $3,135.01 at 7%; $11,232.61 at 8%. CHELSEA — CONGRESS CREDIT UNION Incorporated Max November 17, 1926. Began business November 24, 1926 Israel Yoffee, Treasurer T. Gold, President Samuel Smoller, Clerk of Corporation Board of Directors: Charles Breckerf, Morris Cohen, f Samuel Drucker, M. T. Gold, Harry Golder*, Morris Lazin*, Simon Nudelman, J. J. Schneiderf, Samuel Smoller, Philip Tolchinsky*, Israel Yoffee. Meetings held at 232 Broadway. * Credit Committee. t Auditing Committee. One vacancy. P.D. 77 Part IV. 8, STATEMENT OF CONDITION, DECEMBER Assets Personal loana: Unsecured Secured Deposits subject to check 31, 1930 Liabilities $7,410 65 932 80 440 61 . . ...... ..... .... .... Shares $8,193 62 Guaranty fund Undivided earnings Net current income 434 00 60 00 96 44 $8,784 06 $8,784 06 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 22 19 123 72 . $1 00 Rate of dividend, 4% 4% May, 1930 Nov., 1930 ...... Total Expenses for Year Salaries Rent . . . . $260 00 72 00 . Other expenses 103 74 $435 74 Total Rate of interest on lo ins: 8%. $8,343.45 at CHELSEA — CONTINENTAL CREDIT UNION Incorporated July 15, 1927. Began business August 1, 1927 Zelik Bernstein, Treasurer Louis N. Levine, President Hyman Kaplan, Clerk of Corporation Board of Directors: Zelik Bernstein*, Abraham Freedman, Harry Gilman*, Irving Greenf, David Halbsteinf. Hyman Kaplan, L. N. Levine*, Nathan Rabinovitz*, Morris Shapiro, Samuel Tobachnick*, Harry Wolfsonf. Meetings held at 453 Broadway. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities $15,779 00 10,460 58 1,054 26 153 02 . . . « $25,435 09 1,076 90 .... Guaranty fund Reserve fund Undivided earnings Net current income . Other • ..... Shares . 300 00 161 27 470 60 3 00 . . liabilities $27,446 86 $27,446 86 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 19 4 . 216 148 $2 00 Rate of dividend, Nov., 1930 ..... Total Expenses for Year Salaries Bent Other expenses Total Rate of interest 4% 4% May, 1930 $508 00 96 00 227 21 .... $831 21 on loans: $25,006.58 at 8%; $1,233.00 at 12%. CHELSEA — INDEPENDENT CREDIT UNION Incorporated October 18, 1926. Began business November 1, 1926 David Asher Glass, President Abraham S. Fine, Treasurer Sack, Clerk of Corporation Board of Directors: Morris Bernstein, Max Boguslofsky, Aron Bornstein, D. S. Fine, Mike Forman*, Asher Glass, Max Grayt, Fred Horvitzf, Paul Kaplan, Philip Malk*, Abraham Sack, Max Spiwack*, Sam Yanoverf. Meetings held at 5 Everett Avenue. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check 31, 1930 ..... Liabilities $4,360 00 10,603 05 520 55 . Shares .... Guaranty fund Reserve fund Undivided earnings Net current income . . $15,483 60 * Credit Committee. . $13,581 70 913 321 526 140 49 23 35 83 $15,483 60 t Auditing Committee. 78 P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 2 4 178 101 . . Rate of interest CHELSEA 00 8, Part IV. Dividends Rate of dividend, none paid Total Expenses for Year Other expenses $491 50 204 56 138 63 Total $834 69 Salaries Rent on loans: $14,963.05 at 8%. — JUDAEAN Incorporated December 13, 1926. CREDIT UNION Began business December 1926 20, Jacob Krivitsky, President Louis Gould, Treasurer Hyman Silverman, Clerk of Corporation Board of Directors: Abraham Faberf, Louis Gould, Louis Greene*, Henry Hamburg*, David J. Hoffman, Jacob Krivitsky*, Jacob Mannf, Hyman Silverman, Hyman Sniderf, Jacob Tutun*, J. J. Tutun*, Max Tutun*. Meetings held at 214 Broadway. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check Cash on hand 31, 1930 ..... Liabilities $21,808 47 8,621 00 8,590 56 3,725 35 44 40 .... . Furniture and fixtures Shares Guaranty fund Undivided earnings Net current income Other liabilities $42,789 78 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 21 10 201 118 $5 00 . of dividend, ..... ..... Total Expenses for Year Salaries Other expenses .... Total — LABOR November Incorporated W. $635 00 96 00 91 37 $822 37 on loans: $27,679.47 at 8%; $900.00 at 9%; $1,850.00 at 12%. CHELSEA Julius 4% 4% May, 1930 Nov., 1930 Rent of interest 1,988 14 352 37 388 94 30 00 . . $42,789 78 Rate $40,030 33 13, 1926. CREDIT UNION Began business November 22, 1926 Abe Weiner, Treasurer Stone, President Ada R. Tarmy, Clerk of Corporation Board of Directors: Fishel Braverman, Barnet Brotsky, Samuel Grossf, Max Oschansky* Samuel Perkins*, Jacob Portnoy*, Israel Promerf, J. W. Stone, Ada R. Tarmy, Abe Weiner, Samuel Zussmanf. Meetings held at 86 Chestnut Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Liabilities Assets 53,181 14 Personal loans: Unsecured Secured Deposits subject to check 4,217 86 2,112 34 ),012 16 Shares Guaranty fund Undivided earnings Net current income Other liabilities Membership 9 5 85 . 50 $2 00 Rate of dividend, Dividends May, 1930 Nov., 1930 * Credit of interest Other expenses $156 00 36 00 47 74 Total $239 74 on loans: $6,799.00 at 8%; $600.00 at 10%. Committee. 3% 4% Total Expenses for Year Salaries Rent Rate 11 53 85 68 4 00 $9,511 34 $9,511 34 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 397 97 t Auditing Committee. P.D. 8, 79 Part IV. — MERCHANTS CHELSEA Incorporated February 16, 1927. CREDIT UNION Began business February 1927 16, Aaron Melamed, Treasurer Louis Ehrlich, President Homer Ehrlich, Clerk of Corporation Board of Directors: Jacob Bargarf, Benjamin Cottlerf, Homer Ehrlich, Louis Ehrlich, David Fisher*, Oscar Mack*, Aaron Melamed, Nathan Osterf, Zalman Rubin, Max Taich*, Alex Woogmaster. Meetings held at 109 Third Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Deposits subject to check Liabilities $1,302 85 239 92 . 48 60 79 7 50 Shares L.474 Guaranty fund Net current income $1,542 77 $1,542 77 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 4 3 . 32 23 none Rate of dividend, Nov., 1930 Total Expenses for Year $50 00 20 00 17 00 Salaries Rent Other expenses Total Rate of interest CHELSEA on loans: 13, 1926. . $87 00 • 8%. 51,302.85 at — PONEDELER Incorporated October 8% CREDIT UNION Began business October 26, 1926 Nathan Lourie, Treasurer John Katz, President Etta Zoll, Clerk of Corporation Samuel Berger*, Sam Chadisf, Herman Eisenmanf, Leon Epstein, Harry Goldbergf, Joseph Gordon*, John Katz, Martin Klein*, Nathan Lourie, Etta Zoll, Sarah Zoll. Board of Directors: Meetings held at 131 Arlington Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Liabilities $3,668 00 1,917 00 1,287 88 , Shares . Other $6,659 17 148 73 11 83 50 15 3 00 . Guaranty fund Undivided earnings Net current income . . liabilities $6,872 88 $6,872 88 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 12 6 . Rate of dividend, Nov., 1930 59 39 00 May, 1930 ..... ..... Total Expenses for Year Salaries Rent Other expenses of interest on loans: 55,585.00 at $144 00 48 00 47 88 $239 88 Total Rate 2H% 3M% 8%. CHELSEA — WALNUT CREDIT UNION Incorporated October Edward Bloom, 6, 1926. Began business October 6, 1926 Harry Horowitz, Treasurer President Abraham Simon, Clerk of Corporation Board of Directors: L. R. Bennett, Edward Bloom, Max Dorfmanf, Edward Eygesf, I. H. Glimckerf, M. R. Goldman*, Harry Horowitz*, Harry Hurwitz, Israel Prower*, Abraham Simon, Carl Wagner. Meetings held at 214 Broadway. * Credit Committee. t Auditing Committee. P.D. 80 STATEMENT OF CONDITION, DECEMBER Assets $8,203 9,028 675 1,760 110 Real estate loans: 2nd mortgages Deposits subject to check . Furniture and fixtures 23 Shares 51 Guaranty fund 00 Reserve fund Net current income Other liabilities 66 46 $17,584 40 1,191 43 828 19 159 84 14 00 $19,777 86 $19,777 86 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 25 22 206 . 125 $5 00 Rate of dividend, May, 1930 4% Nov., 1930 none Total Expenses for Year Salaries Rent ..... Other expenses Total of Part TV. Liabilities Personal loans: Unsecured Secured Rate 8, 31, 1930] .... $350 00 240 00 221 72 $811 72 interest on loans: $675.00 at 6%; $15,831.74 at 7%; $1,400.00 at 8%. CHELSEA — WINNISIMMET CREDIT UNION Incorporated October Began business November 13, 1920. 2, 1920 Benjamin Smith, Treasurer Zavil Frutman, President Jacob Levin, Clerk of Corporation Board of Directors: Harry Brodie*, Phillip Fisher, Zavil Frutman, Charles Goldbergf, Jacob Levin, George Libermanf, Joseph Myers, Abraham Pollack, Harry Silverstein*, Benjamin Smith, Hyman Stahl*, Max Stamel, Samuel Stuhlf, Barnet Zeff, Morris Zimmerman. Meetings held at 263 Broadway. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities $45,158 49 6,064 06 1,181 91 2,211 44 173 00 93 00 Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Cash on hand . Furniture and fixtures Shares $48,823 61 2,788 86 406 97 1,886 90 Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities Overs and shorts 946 11 25 30 4 15 $54,881 90 $54,881 90 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 118 44 417 231 il 00 . Rate of dividend, May, 1930 Nov., 1930 Total Expenses for Year $927 00 160 00 313 66 Salaries Rent Other expenses $1,400 66 Total Rate of interest 4% 4% on loans: $51,222.55 at 6%. CHICOPEE — POLISH NATIONAL CREDIT UNION Incorporated July 19, 1921. Began business September Karol Smolczynski, President 1, 1921 Felix S. Furtek, Treasurer Zygmunt Skowyra, Clerk of Corporation Board of Directors: O. A. Bielski, Ludwik Bizon*, Jacob Brachf, Anthony Budarz, F. S. Furtek, Ludwik Garczynski, Henry Godek, Frank Jenkot, Ignacy Kowalsky, John Kustra, Felix Modzelewski*, J. A. Nowak, Mieczyslaw Ossolinskif, Stanislaw Sitarz, J. J. Sitnik, Zygmunt Skowyra, Karol Smolczhski, A. J. Stonina, Ludwik Swierad, Stephen Swierczynski*, Stanislaw Wojtasiewiczf. Meetings held at 222 Exchange Street. * Credit Committee. t Auditing Committee. P.D. 8, 81 Part IV. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities 50 00 00 20 00 79 49 65 508 21 319 12 Personal loans: Unsecured Secured Real estate loans: 1st mortgages 2nd mortgages $56,849 3,377 53,306 122,648 2,000 6,305 13,436 1,348 Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand . Other assets Furniture and fixtures Real estate by foreclosure Shares Deposits $42,292 202,933 10,211 451 6,548 . Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities 52 14 1,774 80 5,515 50 9,629 17 $269,728 13 $269,728 13 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 109 97 Rate of dividend, 3% 3% May, 1930 Nov., 1930 1,430 460 25 cents Total Expenses for Year $3,100 00 Salaries Number 1,250 of depositors Rate of interest paid during year Interest payable Jan. 1, Apr. 1, July of interest 668 88 Rent Deposits Rate 51 96 70 5^% 1, Oct. Other expenses 1,045 80 Total 1,814 68 1. on loans: $91,771.00 at 6%; $20,862.00 at 7%; $123,547.70 at 8%. DEDHAM — TWENTY ASSOCIATES CREDIT UNION Incorporated June 30, 1927. Began business June 30, 1927 Antonio Sante Melilli, President James De Benedictis, Treasurer Olivetti, Clerk of Corporation Board of Directors: Charles Arabyf, Joseph Araby, Erneste Angeloni, Antonio Campagna*, Guido Ciafreif. Vincenzo Coculof, Antonio De Benedictis, Francesco De Benedictis* Luigi Goannilli, Sante Melilli, James Olivetti, Carlo Prisco*. Meetings held at 173 Washington Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures Liabilities $11,526 53 2,116 20 318 87 151 76 264 78 , . Shares $13,523 38 554 79 9 59 Guaranty fund Undivided earnings Net current income Other liabilities 286 38 4 00 $14,378 14 $14,378 14 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 28 none Rate of dividend, 2H% 1930 111 92 $1 00 Total Expenses for Year Salaries Rent $57 53 208 10 Other expenses Total Rate 3% May, 1930 Nov., of interest $265 63 on loans: $13,642.73 at 7%. EVERETT — EVERETT CREDIT UNION Incorporated October 29, 1926. Murray Began business November 1, 1926 Mitchell, President Louis Katz, Treasurer Anna Zoll, Clerk of Corporation Board of Directors: Benjamin Goldenberg, Henry Henkenf, Benjamin Israel, Louis Katz, S. S. Listernick, Nathan Meltzerf, Murray Mitchell, Harris Myerowitz*, Max Podolsky*, Benjamin Schultz*, Anna Zollf. Meetings held at 37 Union Street. * Credit Committee. t Auditing Committee. 82 P.D. STATEMENT OF CONDITION, DECEMBER 8, Assets Liabilities Personal loans: Unsecured Secured $22,080 85 Real estate loans: 2nd mortgages Deposits subject to check Cash on hand .... . Furniture and fixtures Shares 1,586 00 Guaranty fund 676 25 1,456 04 261 15 438 08 Reserve fund Undivided earnings Net current income Overs and shorts $23,087 00 1,750 73 1,182 99 128 51 343 13 6 01 . $26,498 37 $26,498 37 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 93 112 . Rate 277 177 none 4H% of dividend, Nov., 1930 Total Expenses for Year $780 00 Salaries Rent 371 16 857 45 Other expenses Total Rate Part IV. 31, 1930 of interest $2,008 61 on loans: $23,471.85 at 8%; $871.25 at 10%. EVERETT — EVERETT CITIZENS' LEAGUE CREDIT UNION Incorporated November 20, 1929. Began business January 13, 1930 William C. Lovett, President Milton Snowden, Treasurer Robert T. Smith, Clerk of Corporation Board of Directors: Edna B. Goode, W. C. Lovett, Elzie C. Lovettf, R. T. Smith, Peter Sneed*, Milton Snowden, T E. Tyson*, A. J. Washington!, T. L. White, G. D. Williams*, F. H. YanceytMeetings held at 203 Main Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Deposits subject to check Cash on hand $395 00 72 00 79 82 10 00 . . Shares Net current income Other $506 75 39 57 10 50 liabilities $556 82 $556 82 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 25 none 25 . 6 25 cents Rate of interest Rate of dividend, none paid ...... ...... .... Total Expenses for Year Salaries Rent Other expenses $29 00 Total $29 00 on loans: $467.00 at 8%. EVERETT — MIDDLESEX CREDIT UNION Incorporated December 30, 1926. Began business January Harris Sampson, President 1927 Arthur 11, J. Sonion, Treasurer Samuel Cherkas, Clerk of Corporation Board of Directors: Samuel Cherkasf, Simon Dubinsky*, Benjamin Israel*, Samuel Listernick*, Harris Maro" vitz, William McKinnonf, Joseph Rutstein, Harris Sampson, Myer Schumanf, Jack Siegal, A. J. Sonion. Meetings held at 125 Union Street. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities $4,347 25 Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures Expense, less current income 390 00 538 36 133 20 20 00 175 45 . . ...... .... Shares Guaranty fund Undivided earnings . $4,975 21 417 74 211 31 $5,604 26 $5,604 26 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 16 64 . Rate of dividend, ...... ...... .... Total Expenses for Year 78 51 25 cents none paid Salaries Rent Other expenses $701 58 Total Rate of interest * Credit Committee. on lo* ins: $4,737.25 at $204 00 224 45 273 13 8%. t Auditing Committee. P.D. 8, Part IV. FALL RIVER — FALL 83 RIVER DOFFERS AND SPINNERS (U. T. W.) CREDIT UNION November Incorporated 13, 1925. Began business November John M. Castanho, President 27, 1925 J. M. Castanho, Treasurer John L. Campos, Clerk of Corporation Board of Directors: Antonio Arrudaf, Joseph Bettencourtf, T. F. Borges*, J. L. Campos, John Carriea*, J. M. Castanho, M. J. Ferreira*, Manuel Medeiros, Joseph Nogueira, Theodore Oliveiraf, A. M. Pires. Meetings held at Room 313 Academy Building. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures Expense, less current income . . . . . . . . . . . . . . $7,417 24 1,932 85 300 00 226 92 220 00 8 68 . Shares Deposits ..... ..... $8,635 17 14 50 498 81 287 61 519 05 .... Guaranty fund Reserve fund Undivided earnings Other liabilities . 150 55 $10,105 69 $10,105 69 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 34 Rate 7% of dividend, Nov., 1930 30 208 . 131 50 cents Total Expenses for Year $176 00 Salaries Rent Deposits Number of depositors of interest paid during year Interest payable Mar. 1, Sept. 1. 2 Other expenses 268 62 Total $444 62 5% Rate Rate of interest on loans, $9,350.09 at 7%. FALL RIVER MUNICIPAL EMPLOYEES CREDIT UNION Incorporated February Thomas Burke, 6, 1930. Began business March 1, 1930 George Wilkinson, Treasurer President Joseph F. Golden, Clerk of Corporation Board of Directors: J. F. Burke*, Thomas Burke, C. H. Cosgrove*, A. F. Dean, Fred Dearden, J. F. Golden, John Keary, W. T. Maynardf, W. H. Millerf, J. E. Murphyf, T. J. Pargen, L. A. Shea*, Harry Smalley, Joseph Spellman, George Wilkinson. Meetings held at 374 Anawan Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured 50 00 00 52 1,946 63 $15,240 487 700 285 Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check . . Shares $17,468 17 285 52 619 21 268 25 18 50 Guaranty fund Undivided earnings Net current income Other liabilities $18,659 65 $18,659 65 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 371 5 366 167 . Rate FALL RIVER 50 cents of interest — FALL Rate 7% of dividend, Nov., 1930 Total Expenses for Year Salaries Rent Other expenses $224 56 Total $224 56 on loans: $15,727.50 at 6%; $700.00 at 7%. RIVER POSTAL EMPLOYEES CREDIT UNION Incorporated April 26, 1928. Began business May 17, 1928 Benjamin Frederick T. Doxcy, President F. Morris, Treasurer Francis A. Curtin, Clerk of Corporation Board of Directors: J. H. Ainleyt, J- W. Bailey, Jr.*, J. F. Barrett, J. F. Barry, F. A. Curtin, H. B. Chaset, F. T. Doxcy, A. R. Gagnef, James Howarth*, J. F. Knavesey, F. L. Lowney*, B. F. Morris, J. E. Saunders. Meetings held at Post Office Building. * Credit Committee. t Auditing Committee. P.D. 84 STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 8, Part IV. 31, 1930 Liabilities ... . . $8,925 00 675 00 1,500 00 720 39 . . . . . . Shares $11,103 95 273 27 218 09 221 58 3 50 Guaranty fund Undivided earnings Net current income Other liabilities $11,820 39 $11,820 39 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . 6 199 . 128 . 50 cents . . . Rate 34 . . May, 1930 of dividend, 33^% 3H% Nov., 1930 Total Expenses for Year $50 00 Salaries Rent Other expenses 46 81 Total Rate of interest on loans: ,552.00 at 6%; $96 81 $48.00 at 8%. FITCHBURG — CLEGHORN CREDIT UNION Began business November Incorporated October 24, 1928. Fred J. Rambeau, 1928 1, Charles E. Dumont, Treasurer President Charles E. Dumont, Clerk of Corporation Board of Directors: W. E. Aubuchon*, Albert Belliveauf, Omer Couture t, F. H. Duboisf, C. E. Dumont, J. M. Le Blanc, A. D. Leclair*, P. J. Le Court, Gedeon Maguy*, F. J. Rambeau, J. A. Richard. Meetings held at 108 Fairmount Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured $9,159 21 Secured Deposits in savings banks Deposits subject to check 326 602 965 233 Cash on hand . . . Shares . . . . 00 Guaranty fund 71 61 34 Undivided earnings Net current income Other liabilities $9,744 81 268 14 1,123 86 147 02 3 04 . . . $11,286 87 $11,286 87 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . ' 52 17 177 120 25 cents Rate of dividend, Nov., 1930 ..... ..... Other expenses Total of interest on . Total Expenses for Year Salaries Rent Rate 3% 3% May, 1930 lo ans: .... $9,485.21 at $169 00 29 45 ! $198 45 8%. FITCHBURG — FITCHBURG CREDIT UNION Incorporated April 4, 1921. Began business April 13, 1921 Henry Cohen, Treasurer Harris Winthrop, President Julius Miller, Clerk of Corporation Board of Directors: Jacob Brodsky*, Henry Cohen, Eli Goodsteinf, Jack Gopenf, Morris Levine, Julius Arthur Rafer*, Abe Shane, Nathan Salnyf, Barney Shuman*, Harris Winthrop. Miller, Meetings held at 28 Boutelle Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Deposits in savings banks Deposits subject to check . . 31, 1930 Liabilities $9,800 40 568 74 278 04 59,305 50 Shares Guaranty fund Undivided earnings Net current income Other liabilities 108 70 18 45 56 95 $10,647 18 $10,647 18 * Credit Committee. 1,157 58 t Auditing Committee. P.D. 8, 85 Part IV. Dividends Rate of dividend, Nov., 1930 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 10 17 . $260 00 100 00 30 98 Salaries Rent Other expenses $390 98 Total Rate on loans: of interest 5% Total Expenses for Year 125 46 $1 00 ;9,800.40 at 7%. FITCHBURG — FITCHBURG IMMACULATE CONCEPTION CREDIT UNION Began business November Incorporated October 24, 1928. William J. St. 26, Aldei Germain, President Aldei J. 1928 J. Beauchemin, Treasurer Beauchemin, Clerk of Corporation Board of Directors: A. J. Beauchemin*, J. N. Carriere, Benjamin Droletf, Armand Dufour, A. A. Gelinas*, G. F. Lavoie, Jr.f, Alphonse L'Ecuyer, Joseph L'Ecuyer, A. J. Morneau, W. J. Morinf, W. J. St. Germain*. Meetings held at 388 Main Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Deposits subject to check Liabilities $272 11 191 58 . Shares Deposits $385 20 21 15 13 39 10 24 32 46 1 25 . Guaranty fund Undivided earnings Net current income Other liabilities $463 69 $463 69 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 2 5 . Rate of dividend, none paid 33 3 25 cents Total Expenses for Year Salaries Rent Deposits of depositors paid during year Rate of interest Interest payable Feb. 1, May 1, Aug. Number Other expenses 1, Rate Nov. Total 1. of interest on loans: $272.11 at 6%. FITCHBURG — FITCHBURG POSTAL EMPLOYEES CREDIT UNION Incorporated February Edward W. Hynes, 9, 1928. Began business March 1, 1928 Ralph W. Maggs, Treasurer President Ralph W. Maggs, Clerk of Corporation Board of Directors: G. H. Delaney*, E. A. Eastman, J. G. Faxon, E. F. George*, T. J. Havertyf, E. W. Hynes, R. W. Maggs, L. I. Millert, E. W. O'Connor*, J. M. O'Neill, E. P. Wolfet Meetings held at Post Office Building. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Deposits in savings banks Deposits subject to check Liabilities 60 300 00 357 98 ),444 . . Shares Deposits $5,796 72 813 146 270 74 . Guaranty fund Undivided earnings Net current income Other liabilities $7,102 58 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 7 Rate of dividend, none . May, 1930 Nov., 1930 51 25 cents Total Expenses for Year $25 00 Rent Deposits Number of depositors interest paid during 1, 4% 4% 84 Salaries Interest payable Jan. 75 64 76 25 $7,102 58 Rate of 46 18 year Apr. 1, July Other expenses 47 03 5% 1, Rate Oct. 1. of interest * Credit Committee. Total on loans: $6,444.60 at 6%. Auditing Committee. $72 03 86 FITCHBURG — SENCO Incorporated September 10, 1929. Charles I. Drummond, P.D. Began business October President Edward Brady, 8, Part IV. CREDIT UNION 1, 1929 Elliot G. Wellington, Treasurer Jr., Clerk of Corporation Board of Directors: Edward Brady, Jr.f, G. L. Buzzell, C. I. Drummond*, G. S. Magoonf, J. F. Mahoney*, Margaret M. McCarthy*, Martha I. McCawf, D. T. Mulcahy, K. E. Pohlman, William Smith, E. G. Wellington. Meetings held at 808 Main Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Cash on hand Liabilities $189 50 1,368 00 100 00 229 56 82 38 , . Shares Deposits 44 607 91 26 05 20 00 16 86 58 43 75 1,239 . Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities $1,969 44 $1,969 44 Membership Dividends Number added during yjear Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 12 4 . Rate 8% of dividend, Nov., 1930 43 23 25 cents Total Expenses for Year Salaries Deposits Number Rent ... of depositors Rate of interest paid during year Interest payable Jan. 1, Apr. 1, July . 19 1, Rate Other expenses $3 76 Total $3 76 5% . Oct. 1. of interest FITCHBURG on loans: $1,557.50 at 6%. — WORKERS' Incorporated April 17, 1914. CREDIT UNION Began business April 22, 1914 John Suominen, Treasurer Yrjo Makela, President Carl E. Savolainen, Clerk of Corporation Board of Directors: Edward Blomqvistf, John Erkkila*, K. E. Grandahlf, John Heikkinen*, Frans Kerttula, J. G. Laakso*, Yrjo Makela, Victor Oinonen*, John Rantanen, Andrew Routet. C. E. Savolainen, John Suominen*, William Vaisanen. Meetings held at 48 Wallace Avenue. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 1st $102,155 02 1,300 00 459,865 90 55,485 26 24,018 90 150,000 00 36,194 70 1,001 00 7,092 53 1,322 50 23,472 25 mortgages 2nd mortgages Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand . Other assets Furniture and fixtures Real estate by foreclosure Shares Deposits $253,612 530,385 50,686 14,825 5,350 7,048 . Guaranty fund Undivided earnings Net current income Other liabilities Dividends Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 465 249 . Rate of dividend, . 2Y2% May, 1930 2y2 % Nov., 1930 2,331 750 none Total Expenses for Year $3,360 00 Salaries Number 46 58 $861,908 06 $861,908 06 Deposits of depositors 10 52 25 15 240 00 Rent . . 976 Rate of interest paid during year 4J^% Interest payable Jan. 31, Apr. 30, July 31, Oct. 31. Other expenses 2,388 09 Total $5,988 09 . Rate of interest on loans: $575,853.68 at 6%; $35,952.50 at * Credit Committee. 6^%; $7,000.00 at f Auditing Committee. 8%. P.D. 8, Part IV. 87 — D. FRAMINGHAM M. Incorporated January 26, 1917. Mark C. CREDIT UNION Began business March 1917 2, Frank E. Barry, Treasurer A. Heffernon, President Frank E. Barry, Clerk of Corporation J. Bray, R. L. Bond, J. S. Dolliver* R. H. Dowdf, J. H. Driscoll*, C. H. Eldridge*. P. J. Hayes, M. A. Heffernon, G. L. Mahoney*, R. S. MacKenziet, T. F. Naves*, J. W. Purcell, F. E. Swishert, F. A. Wentworth. Meetings held at 300 Howard Street. Board of Directors: F. E. Barry, A. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 2nd mortgages Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand Furniture and 39 65 74 00 47 21 $44,443 3,670 2,262 37,000 75 6,007 Shares Deposits $67,090 65 15,243 11 7,248 97 3,963 80 . Guaranty fund Undivided earnings Net current income Other liabilities 953 44 9 62 500 00 550 13 . fixtures $94,509 59 $94,509 59 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 156 Rate 296 . 1,211 660 25 cents ...... ...... .... Total Expenses for Year Salaries Rent Deposits Number 512 of depositors Rate of interest paid during year Apr. Jan. July Oct. Interest payable 31. 30, 30, 31, Other expenses 4H% Rate 7% of dividend, Nov., 1930 of interest Total — 303 29 $1,503 29 U14.04at6%; on loans: $1,200 00 $2,262.74 at 7%. FRAMINGHAM — FOUNTAIN CREDIT UNION Incorporated March 3, 1930. Began business March 24, 1930 Frank E. Zucchi, Treasurer William N. Welch, President Dorothy E. Dwyer, Clerk of Corporation Board of Directors: William Adams*, Ellen M. Barrowsf, C. J. Bartlett*, A. T. Connollyf, Hattie Crawford, Dorothy E. Dwyer, E. K. Morsef, Frank Mortimer, Orlando Piccioli, W. N. Welch*, F. E. Zucchi. Meetings held at 50 Fountain Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Liabilities . $352 67 910 83 601 64 . 201 18 Shares Deposits $1,998 6 31 9 20 . Guaranty fund Undivided earnings Net current income Other liabilities Membership 75 84 17 05 75 $2,066 32 $2,066 32 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 39 12 Rate Dividends 1930 5% of dividend, Nov., 12 . 63 34 Total Expenses for Year 25 cent3 Salaries Rent Deposits Number Rate of depositors 2 of interest paid during Interest payable" Feb. 1, year May 4M% 1. '." Aug. 1, Rate of interest 1, Nov. Other expenses $56 19 Total $56 19 on loans: $1,263.50 at 7%. GLOUCESTER — GLOUCESTER CREDIT UNION Incorporated Morris March 4, 1927. Began business March Hyman Max Board of Directors: Alper, Keller, Joseph Kerr*, Louis Sandler, Hyman Stone, 9, 1927 Hyman Bell, President I. * Credit Stone, Treasurer Stone, Clerk of Corporation Morris Bell*, Harry Bernstein, Jacob Fogel, Benjamin Goldman, Joseph Kramer, Max Leavittf, Jacob Marksf, Abe Rosen, Joseph Rosen*, Morris R. Tarlowf. Meetings held at 14 Prospect Street. Committee. t Auditing Committee. P.D. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 8, Part IV. 31, 1930 Liabilities . . . . . . . . . . . Shares Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities $15,504 00 454 40 732 47 563 66 17 $15,289 722 75 967 195 4 . $17,254 53 86 23 47 80 00 $17,254 53 Membership Dividends Number added during ye^r Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . . 82 42 . $2 00 . . Rate Rate 12 11 . . of interest GREENFIELD — Incorporated April Total Expenses for Year Other expenses $326 66 100 00 3 18 Total $429 84 Salaries . Rent on loans: $15,958.40 at 6%. G. T. 5, 8% of dividend, Nov., 1930 1930. & CREDIT UNION D. Began business May 1930 1, Frank V. Woodrow, President Nellie C. Sheehy, Treasurer Nellie C. Sheehy, Clerk of Corporation Board of Directors: W. D. Casey*, L. H. Houghtonf, O. E. Koehlerf, Alfred La Pierre, H. Pierson*, Fred Raymond*, H. G. Sellerf, Nellie C. Sheehy, F. V. Woodrow. E. E. Bonneville*, W. M. Lynch*, J. & Meetings held at G. T. D. Corporation Office, Sanderson Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Deposits in savings banks Deposits subject to check Liabilities ... . . $1,740 50 37 09 402 54 . . . $2,039 26 Shares Guaranty fund 37 09 66 29 34 99 2 50 Undivided earnings Net current income Other liabilities $2,180 13 $2,180 13 Membership Dividends 1930 > Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . 115 15 100 . 28 . 25 cents . . . . . Rate of interest GREENFIELD Rate of dividend, Nov., Total Expenses for Year Salaries Rent Other expenses $13 57 Total $13 57 on loans: $1,740.50 at 6%. — TREASURE Incorporated February 13, 1930. CREDIT UNION Began business March Robert W. Higgins, President 22, 1930 Hurbie F. Deane, Treasurer Hurbie F. Deane, Clerk of Corporation Board of Directors: P. M. Bernard, S. M. Cameronf, L. S. Crowningshield*, H. H. Curtis, H. F. Deane, R. W. Higginsf, H. H. Johnson, R. H. Johnsonf, A. H. Ottestad, F. W. Smith*, J. L. Stiles*. Meetings held at 298 Federal Street. STATEMENT OF CONDITION, DECEMBER Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check $1,421 89 , , 31, 1930 Liabilities Assets 225 00 200 00 115 42 Shares Deposits .... .... Guaranty fund Undivided earnings Net current income Other liabilities . . . 50 1 24 17 61 18 22 61 $1,962 31 $1,962 31 * Credit Committee. . $1,727 168 35 7 t Auditing Committee. P.D. 8, 89 Part IV. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 104 13 . 91 47 25 cents of deposits .... Rate of interest paid during year Interest payable Feb. 1, May 1, Aug. Rent 5 Other expenses $77 89 4% . Nov. 1, Rate Total Expenses for Year Salaries Deposits Number Dividends Rate of dividend, none paid of interest HAVERHILL — HAVERHILL Incorporated November 1926. 1, $77 89 Total on loans: $1,646.89 at 6%. 1 CREDIT UNION Began business November 1926 1, David Datz, Treasurer Louis Shapiro, President Aaron Steinman, Clerk of Corporation Board of Directors: Israel Castenf, David Datz, W. M. Espovitchf, Boris Kaufman*, John Kesslen*, Benjamin Kniznick*, Jacob Litzerman*, David Michelsohn*, David Rich, Samuel Rich*, Louis Shapiro*, Aaron Steinmanf, Morris Weisberg. Meetings held at 2 Shepherd Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures Liabilities $12,014 60 3,144 00 500 00 . 82 39 16 00 Shares Deposits $13,482 40 1,364 04 . Guaranty fund 486 69 124 55 293 31 6 00 Undivided earnings Net current income Other liabilities $15,756 99 $15,756 99 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 31 138 86 $1 00 ... of depositors of interest paid during year Interest payable Jan. 10, July 10. Total Expenses for Year $288 00 84 00 68 87 Salaries Rent Deposits Rate 7% of dividend, Nov., 1930 2 . Number Rate 18 Other expenses 7% . $440 87 Rate of interest on loans: $15,158.60 at 6%. HAVERHILL — HAVERHILL POSTAL EMPLOYEES CREDIT UNION Incorporated January 24, 1929. Hermon W. Dow, Began business February 1929 7, Frank President Frank J. P. Kelly, Treasurer MacCrealy, Clerk of Corporation Board of Directors: F. A. Bourneuff, H. A. Connell*, Jeremiah Donahue*, H. W. Dow, J. E. Gibsonf, O. L. Johnson*, F. D. Kelly, F. P. Kelly, G. A. Lennon, J. D. Linehan, F. J. MacCrealyf. Meetings held at Post Office Building. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities 1,929 15 41 00 2 50 . . Shares Guaranty fund Undivided earnings Net current income Other liabilities Membership 3 Rate of dividend, 1 . 52 30 25 cents 25 $1,972 65 $1,972 65 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member $1,899 58 33 69 6 37 32 76 Dividends May, 1930 Nov., 1930 2%% 3^% Total Expenses for Year $50 00 Salaries Rent Other expenses Rate of interest * Credit Committee. Total on loans: $1,929.15 at 12%. t Auditing Committee. 14 08 $64 08 j 1 90 P.D. HOLYOKE — HOLYOKE CREDIT UNION Incorporated September 7, 1911. Began business September Joseph Lussier, President 8, 8, Part IV. 1911 Pierre Bonvouloir, Treasurer Pierre Bonvouloir, Clerk of Corporation Board of Directors: W. G. Angers, Napoleon Bail, Abraham Bonneau, Pierre Bonvouloir, S. J. Bonvouloir, J. C. Drapeauf, Stanislas Ducharme*, Valere Ducharme*, Oscar Fafard, J. H. Fleuryf, O. O. Lamontagne, Joseph Lussier, Victor Messier, F. X. Roch*, J. T. Royf. Meetings held at 380 High Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Real estate loans: 1st $2,299 186,655 157,602 97,194 119,908 41,305 3,000 197 10,442 mortgages 2nd mortgages Bonds Co-operative bank shares Deposits subject to check Cash on hand . Other assets Real estate by foreclosure 00 00 00 Shares $563,971 27,743 22,154 4,735 Guaranty fund Undivided earnings Net current income 51 50 81 90 17 43 $618,605 32 $618,605 32 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 103 128 . of dividend, 1,031 2V2 % 2H% May, 1930 Nov., 1930 . ...... ...... 188 Total Expenses for Year none Salaries Rent $1,990 32 240 00 582 29 Other expenses Total Rate of interest 23 29 83 97 on loans: ,954.00 at 6%; $2,812 61 $157,602.00 at 7%. HOLYOKE — HOLYOKE MUNICIPAL EMPLOYEES CREDIT UNION Incorporated December Irving T. Began business December 19, 1930. 23, 1930. James E. O'Leary, Treasurer Murphy, President James F. Lacey, Clerk of Corporation Board of Directors: C. E. Ahernf, P. J. Cadigan, H. F. Corley, J. J. Fenton*, W. T. Flanagan, T. F. Hoarf, J. F. Lacey, C. J. Manning*, T. J. McMahonf, I. T. Murphy, T. F. O'Connor*, J. J. O'Hare, J. E. O'Leary, M. J. Riley, W. S. Watt. Meetings held at 206 Maple Street. STATEMENT OF CONDITION, DECEMBER*31, Assets Personal loans: Unsecured Deposits subject to check 1930 Liabilities Shares $696 00 59 25 . $680 50 Net current income 31 75 Other 43 001 liabilities $755 25 $755 25 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 43 none 43 . of dividend, Total Expenses for Year 10 Salaries Rent $1 00 Other expenses Total Rate of interest none paid $10 21 .... $10 21 on loans: $696.00 at 6%. HOLYOKE — HOLYOKE POSTAL CREDIT UNION Incorporated January James J. 14, 1927. Began business January 17, 1927 Harry P. Cauley, Treasure Ballou, President Harry P. Cauley, Clerk of Corporation J. J. Ballou*, Philip Beaulacf, E. H. Bischofff, Hugo Carl, H. P. Cauley, L. A. Holl, E. L. Hughes*, C. T. O'Brien*, Eugene Richter, C. E. Sullivan. Board of Directors: Meetings held at 31 Main Street. * Credit Committee. t Auditing Committee. J. F. Dietell P.D. 8, 91 Part IV. STATEMENT OF CONDITION, DECEMBER 31. 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Liabilities ,967 58 795 25 500 00 446 90 . . ),318 73 Shares 717 26 442 91 230 83 Guaranty fund Undivided earnings Net current income $10,709 73 $10,709 73 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 11 Dividends 1930 Rate 8% of dividend, Nov., 7 109 84 $1 00 Total Expenses for Year $125 00 Salaries Rent 33 67 Other expenses Total Rate of interest on loans: ), $158 67 . 762.83 at 6%. HOLYOKE — KRYSTALLENE CREDIT UNION Incorporated September 12, 1930. Began business October 3, 1930 Ruth Johnston Loder, President; F. Cooley, Treasurer Rose C. McCarthy, Clerk of Corporation Board of Directors: W. F. Babbin*, C. R. Butterfield* Stephen Cairns, Ruth F. Cooley, E. L. Costaf, Ernest Couture*, A. C. Hildebrandtf, Grace J. Kellyt, Johnston Loder, Rose C. McCarthy, E. J. Mullin. Meetings held at 56 Canal Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Liabilities $70 00 544 00 75 90 . $648 50 26 90 14 50 Shares Net current income Other liabilities $689 90 $689 90 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 58 4 54 15 . 25 cents Rate of dividend, none paid ...... ...... Total Expenses for Year Salaries Rent Other expenses . Total Rate of interest on loans: $614.00 at 6%. LAWRENCE — AMERICAN CREDIT UNION Incorporated July 15, 1930. Began business July 29, 1930. John H. McAuliffe, President Timothy Timothy C. C. Shine, Treasurer Shine, Clerk of Corporation Board of Directors: H. L. Calvertf, J. J. Darcy, D. W. Delaney* J. W. Fallon, W. I. Hart*, Thomas J. H. McAuliffe, Simon Sandlerf, T. C. Shine, E. D. Sirois, A. I. Teutonicof. Jolley*. Meetings held at 301 Essex Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Deposits in savings banks Deposits subject to check Liabilities $1,171 00 59 26 . 228 08 . $1,359 21 Shares Undivided earnings Net current income Other liabilities $1,458 34 * Credit Committee. 26 26 13 61 59 26 $1,458 34 t Auditing Committee. P.D. 92 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 60 2 58 . 19 $1 00 Rate of interest 8, Part IV. Dividends Rate of dividend, Nov., 1930 6% Total Expenses for Year Salaries Rent Other expenses $43 90 Total $43 90 on loans: $1,171.00 at 6%. LAWRENCE — LA CAISSE POPULAIRE DE LAWRENCE CREDIT UNION Incorporated September 25, 1918. Simeon E. J. 1918 Rene Board of Directors: A. D. V. Bourget, H. A. Langevin, Victor Leclerc*, S. E. . 18, Le Gendre, President Rene N Began business November P. Roy, Treasurer P. Roy, Clerk of Corporation J. Comtoisf, J. L. Dionnef, Louis Gaudreau*, J. Le Gendre, Joseph Mercier, R. P. Roy, A. Napoleon Heberfr|"» D. Theberge*. Meetings held at 230 Lowell Street. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities $16,909 08 59 00 34,356 15 18,981 38 6,000 00 2,909 14 466 71 325 00 28,791 09 Personal loans: Unsecured Secured 1st mortgages 2nd mortgages Deposits in savings banks Real estate loans: . Deposits subject to check Expense, less current income Furniture and fixtures Real estate by foreclosure . . Shares Deposits $65,167 36,739 6,082 46 87 673 . Guaranty fund Reserve fund Undivided earnings . . Other liabilities $108,797 55 Dividends 36 213 495 . Rate 119 Total Expenses for Year $1,365 00 Rent Deposits 118 of depositors . Rate of interest paid during year Interest payable Mar. 1, June 1, Sept. 1, Dec. 1. . 4K% . Rate of interest ±x% of dividend, Nov., 1930 Salaries . 65 26 $108,797 55 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member, 5 cents per share, $1.00 maximum. Number 77 65 44 78 616 47 526 54 Other expenses Total on loans: $9,966.14 at 6%; $12,301.15 at 6%%; $2,508 01 $27,628.94 at 7%; $20,409.38 at 8%. LAWRENCE — LAWRENCE CREDIT UNION Incorporated January Harold 7, 1913. Began business January 13, 1913 Max Sutcliffe, President Goldstein, Treasurer Percy R. Leach, Clerk of Corporation Board of Directors: John Broadhead*, I. H. Brucato, H. M. Chickent, Alice Foster, Max Goldstein, Walter Graichenf, David Hird, Edith R. H. Kitchen, P. R. Leach*, C. M. Leas, J. E. Pearsonf, Frank Robinson, Harold Sutcliffe*. Meetings held at 313 Bay State Building. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check Cash on hand . Certificate of deposit Furniture and fixtures Real estate by foreclosure 31, 1930 Liabilities $36,447 5,006 3,541 .3,030 1,220 50 1,000 01 80 42 94 23 00 00 264 00 400 73 Shares Deposits . Guaranty fund Reserve fund Undivided earnings Net current income . Other liabilities 527 20 407 26 9 00 $50,961 13 $50,961 13 * Credit Committee. $35,719 12 11,073 18 2,044 00 1,181 37 t Auditing Committee. P.D. 8, 93 Part IV. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 61 . . . Dividends Rate of dividend, Nov., 1930 . 38 456 268 . 50 cents . . Total Expenses for Year ... of depositors Rate of interest paid during year Interest payable June 1, Dec. 1. Rate Rent 70 274 20 338 68 Other expenses 6% . of interest ,560 00 Salaries Deposits Number 6% 172 88 Total on loans: $37,245.62 at 7%; $7,749.61 at 12%. LAWRENCE — LAWRENCE MODERN CREDIT UNION Incorporated November 1926. 3, Began business November 29, Benjamin Handler, President 1926 Samuel Albert, Treasurer Abraham Bressler, Clerk of Corporation Board of Directors: Samuel Albert, Abraham Bressler, Nathan Cohen*, Jacob Ganzf, Benjamin Handler, Samuel Jacobs*, Sam Kaplan*, Isack Mallon, Louis Pearlf, Isador Weinerf, Hyman Zack. Meetings held at 47 Tenney Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities $13,066 72 1,939 00 600 00 1,488 49 32 59 90 05 . .... . . Other assets Furniture and fixtures ..... ..... Shares Deposits Guaranty fund Undivided earnings Net current income Other . . . liabilities $14,579 66 1,673 09 661 99 82 52 210 59 9 00 $17,216 85 $17,216 85 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 45 Rate of dividend, 7% Nov. 1930 12 177 . 86 Total Expenses for Year $1.00 $520 00 164 00 285 73 Salaries Rent Deposits Number Rate of depositors of interest paid during Interest payable Jan. 1, 3 . . . year Apr. 1, July Rate 1, Other expenses 6% . Oct. $969 73 Total 1. of interest on loans $15,005.72 at 7%. LAWRENCE — LAWRENCE POSTAL EMPLOYEES CREDIT UNIQN Incorporated February Herman 4, 1929. Began business February 6, 1929 Albert F. Olmstead, Treasurer O. Lippold, President George F. Russell, Clerk of Corporation Board of Directors: William Allenf, E. F. Callaghan, J. J. Corr, L. A. Kane*, W. V. Kelleher, F. S. Larrabee, H. O. Lippold, Thomas McHugh* C. A. McQueeney*, H. L. Morencyf, A. F. Olmstead, G. F. Russell, J. V. Schesserf. Meetings held at 50 Broadway. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Cash on hand Expense, less 31, 1930 Liabilities $4,972 93 77 19 . 449 95 81 38 50 75 01 . . . current income ...... .... Shares Deposits . Guaranty fund Undivided earnings Other liabilities .... . . . . Membership . Dividends 15 Rate of dividend, Nov., 1930 96 63 ...... ...... .... Total Expenses for Year $1 00 Rent Deposits of depositors Rate of interest paid during year Interest payable June 1, Dec. 1. Rate of intere st * Credit Committee. 8% 1 Salaries Number 435 48 320 97 214 42 5 00 $5,656 96 $5,656 96 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member $4,681 09 13 Other expenses 5% Total on loans: $19 3.80 at 2%; $4,856.32 at 7%. t Auditing Committee. $150 00 - 45 51 $195 51 94 P.D. LAWRENCE — UNITED CREDIT UNION March Incorporated Abram Cohen, 16, 1927. Began business March 8, Part IV. 1927 24, Manuel Kolsky, Treasurer President Philip Millman, Clerk of Corporation Board of Directors: David Albert, Abraham Cohen*, Harry Ehrlich, Myer Falkf, H. L. Hochf, Sam Klubockf, Philip Kochman, Manuel Kolsky, Philip Millman, Abraham Segal*, Samuel White*. Common Meetings held at 458 Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities $7,621 00 . . ..... Shares 228 00 Guaranty fund 401 18 14 47 Undivided earnings Net current income Other liabilities . . $7,456 401 271 125 10 00 18 97 50 00 $8,264 65 $8,264 65 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 21 Rate 6 . ..... ..... Salaries Rent Other expenses of interest $245 00 40 58 $285 58 Total Rate 7 2 /io% Total Expenses for Year 119 42 $1 00 1930 of dividend, Nov., on loans: $7,849.00 at 7%. LEXINGTON — LEXINGTON CREDIT UNION Incorporated November 1, 1926. Began business November 1, 1926 Morris Berman, Treasurer Saul G. Harris, President Leo Bornstein, Clerk of Corporation Board of Directors: Sarah Astor*, Kasriel Balanoff, Max Berman, Morris Berman, Leo Bornstein*, Harry Goloboy, S. G. Harrist, Benjamin Levine*, Morris Maysf, Abraham Resnick, Joseph Sanderson"}". Meetings held at Sylvia Street. STATEMENT OF CONDITION, DECEMBER • Assets Personal loans: Unsecured Secured Deposits subject to check 31, 1930 Liabilities .... . Overs and shorts Expense, less current income $1,434 26 160 00 188 15 1 75 4 70 ...... .... .... Shares Guaranty fund Undivided earnings $1,788 86 $1,788 86 Dividends Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member none 22 38 . Rate $1,487 62 265 16 36 08 19 none . of interest Rate of dividend, none paid ...... .... Total Expenses for Year Other expenses $185 01 25 00 34 39 Total $244 40 Salaries Rent . . . on loans: $134.00 at 6%; $1,460.26 at $8%. LOWELL — HIGHLAND CREDIT UNION Incorporated November 6, 1926. Began business November 19, 1926 Morris Cohen, Treasurer Jacob Cantor, President Abraham Banks, Clerk of Corporation Board of Directors: Abraham Banks, Jacob Cantorf, Morris Cohen, Israel Gordon, Joseph Green*, Solomon Knopf, Israel Levinf, Samuel Rostler*, Max Schwartz!, Herman Selzer* M. J. Solomon, Joseph Steinberg. Meetings held at 159 Chelmsford Street. * Credit Committee. t Auditing Committee. P.D. 8, 95 Part IV. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures Liabilities $15,545 50 3,678 50 1,104 10 562 94 , . $19,092 32 1,258 73 314 07 245 92 Shares Guaranty fund Undivided earnings Net current income 20 00 $20,911 04 $20,911 04 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 34 19 175 98 . none Rate of dividend, 3% 3% May, 1930 Nov., 1930 Total Expenses for Year Other expenses $540 00 158 00 241 96 Total $939 96 Salaries Rent Rate of interest on loans: $19,224.00 at 6%. LOWELL — IDEAL CREDIT UNION Incorporated November 1926. 8, Began business November 15, 1926 Joseph Sokolow, Treasurer Bere Bishoff, President Zimel Matlin, Clerk of Corporation Board of Directors: Bere Bischoff, Henry Cohen*, Julius Gobstoob, William Korobkin*, Joseph Lipshitz, Zimel Matlin, Alexander Perkins, Charles Richardsf, Henry Shapiro, Joseph Sokolow, Manuel Weinberg*. Meetings held at 102 Chelmsford Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Other assets Furniture and fixtures Liabilities ..... ..... > . . $12,173 09 2,861 00 700 27 46 72 5 00 214 20 .... . . 31, 1930 Shares Deposits Guaranty fund Undivided earnings Net current income Other liabilities . . . 1 Membership 12 13 . Rate Rent of depositors of interest paid during year Interest payable Apr. 30, Oct. 30. 1 Rate ..... ..... Other expenses none Total Rate of interest 5% Total Expenses for Yt',ar Salaries Number Dividends 1930 of dividend, Nov., 150 94 $1 00 Deposits 00 $16,000 28 $16,000 28 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member $14,234 06 1,000 00 428 34 143 22 193 66 .... $312 00 139 08 93 46 $544 54 on loans: $15,034.09 at 5%. LOWELL — JEANNE D'ARC CREDIT UNION Incorporated February 5, 1912. Began business February 12, 1912 Homer W. Louis N. Milot, President Bourgeois, Treasurer Joseph E. Lambert, Clerk of Corporation W. J. Achin, L. H. Beaulieuf, H. W. Bourgeois, P. N. Cossette* Oliver Desaulnierf, Doylet, P. R. Foisy, Arthur Gaudette, J. H. Guillet, J. E. Lambert, E. N. Mercier, L. N. Milot, T. E. Roy* V. C. Salois*, Oswald Turcotte. Board of Directors: M. J. Meetings held at 751 Merrimack Street. * Credit Committee. t Auditing Committee. Two vacancies. 96 P.D. STATEMENT OF CONDITION, DECEMBER Assets 1st $12,256 88 1,516 75 404,419 91 2,900 00 125,296 75 6,000 00 31,728 57 mortgages 2nd mortgages Bonds Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand 6,459 57 5,000 199 36,349 . Certificates of deposit Other assets Real estate by foreclosure Furniture and fixtures 1 Shares Deposits $89,063 492,245 22,631 2,000 21,559 . Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities 40 48 00 27 08 00 $632,185 09 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 244 249 . Rate 6% of dividend, Nov., 1930 1,897 231 10 cents per Total Expenses for Year share 1,963 31 Salaries Rent Deposits Number of depositors Rate of interest paid during year Interest payable 1, Nov. 1. 1,713 4^% May Rate 87 88 30 00 31 4,643 08 41 65 $632,185 09 of interest Part IV. Liabilities Personal loans: Unsecured Secured Real estate loans: 8, 31, 1930 640 50 888 93 Other expenses Total 5,492 74 on loans: $411,416.23 at 6%; $7,022.60 at 7%; $2,654.71 at 8%. LOWELL — LOWELL CREDIT UNION Incorporated October Abraham I. 2, 1926. Began business October 13, 1926 Benjamin Frank, Treasurer Stern, President Morris Greenbaum, Clerk of Corporation Board of Directors: Harry Bernstein, Nathan Brandf, Benjamin Frank*, Morris Greenbaum, Hymen Greenbaumf, Sydny Greenberg*, Gabriel Kahn*, Abraham Klain*, Nathan Malkielf, Harry Shulman*, A. I. Stern*. Meetings held at 97 Chelmsford Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal Loans: Unsecured Secured Liabilities $10,894 86 13,481 83 . . Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check Other assets 304 00 1,491 90 .... . 527 00 10 00 . Shares Deposits $21,234 22 2,678 30 1,544 71 970 64 274 65 6 00 . Guaranty fund Undivided earnings Net current income Other liabilities Overs and shorts 1 $26,709 59 $26,709 59 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 41 17 186 124 . Rate of dividend, of depositors of interest paid during year Interest payable Apr. 1, Oct. 1. 6 ..... ..... 3% 3% Other expenses $520 00 190 46 268 18 Total $978 64 Rent Number . Total Expenses for Year $1 00 Deposits May, 1930 Nov., 1930 Salaries 6% Rate Rate 07 of interest on loans: $24,180.69 at 6%; $500.00 at 8%. 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, G. F. Brennan, Michael Cahill*, Annie R. Calvert, Edward Hanson, A. N. Johanson*, Theodore Kapala, Etta R. McDermott, R. J. McGuiref, Jennie Mullinf, Martin O'Connorf, Etta Powers, Patrick Rourke, P. H. Sweeney*, Patrick Ward. Meetings held at 646 Gorham Street. * Credit Committee. t Auditing Committee. P.D. 8, 97 Part IV. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Real estate loans: 1st Liabilities . . . . . mortgages ... ..... Deposits in Deposits subject to check Cash on hand . Other assets Expense, less current income . . . . . . . . . . $12,747 90 10,352 97 . 1,933 28 298 31 Guaranty furld Undivided earnings 7,171 00 1,201 00 7,168 02 . 2nd mortgages savings banks Shares Deposits $6,304 19 2,930 76 Other 46 10 liabilities 22 43 331 25 41 53 208 38 $25,378 56 $25,378 56 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . 27 83 273 110 . 25 cents . . . . . . Rate Total Expenses for Year ... of depositors of interest paid during year Interest payable Feb. 1, 1, Aug. Rate May Rent Rate of interest 251 84 Other expenses 41 5% . 1, $835 00 Salaries Deposits Number 6% of dividend, Nov., 1930 Nov. $1,086 84 Total 1. 7%; on loans: $7,671.00 at 6%; $7,428.42 at $2,507.53 at 8%. LOWELL — LOWELL POSTAL EMPLOYEES CREDIT UNION Incorporated February 24, 1928. John J. Began business March 19, Ginivan, President 1928 Albert Patrick J. W. Frawley, Treasurer Owens, Clerk of Corporation Board of Directors: Arthur Brownf, J. J. Custer, A. W. Frawley, J. J. Ginivan, J. J. Healey, V. L. Magoonf, D. A. Mahoney*, P. J. Owens, H. L. Thomas*, B. D. Ward*, J. F. Youngf. Meetings held at Post Gorham Office, Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Deposits subject to check 31, 1930 ...... .... .... Liabilities $2,673 85 2 51 . Shares Guaranty fund Undivided earnings Net current income Other liabilities .... .... $2,500 78 52 45 1 Membership Dividends 7 2 . Rate of dividend, 4% 4% May, 1930 Nov., 1930 69 32 $1 00 11 00 08 00 $2,676 36 $2,676 36 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 17 ...... ...... .... Total Expenses for Year Salaries Rent $50 00 — 6 74 Other expenses $56 74 Total LOWELL — NORTHERN MASSACHUSETTS TELEPHONE WORKERS' CREDIT UNION Incorporated Frank J. November 8, 1922. Began business November Dunn, President 8, 1922 Rose A. O'Sullivan, Treasurer Jennie L. Peard, Clerk of Corporation Board of Directors: F. J. Bennett*, W. E. Bevins, A. C. Crowell, A. C. Dawes, C. F. Donohoe, F. J. Dunn, P. D. Fay, P. D. Gilesf, C. F. Hamiltonf, F. G. Hanson, W. B. Humphrey, C. O. Lindquist*, R. A. Lovelace, L. H. Maddocks* J. T. McGirr, W. H. Newton, Russell Norton, Rose A. O'Sullivan, Jennie L. Peard, J. F. Riley, Philip Whittier|. Meetings held at 115 Appleton Street. * Credit Committee. t Auditing Committee. P.D. 98 STATEMENT OF CONDITION, DECEMBER Assets 58 10 00 33 200 00 214 87 $75,524 25,572 3,000 2,333 . fixtures Shares Deposits $56,961 63 24,482 13 4,732 88 253 43 1,489 45 921 26 4 10 18,000 00 . Guaranty fund Reserve fund . Undivided earnings Net current income Other liabilities Bills payable $106,844 88 $106,844 88 Membership Dividends Number added during year Number withdrawn 'during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 232 Rate 6% of dividend, Nov., 1930 165 1,396 1,119 Total Expenses for Year 10 cents $3,023 00 Salaries Rent Deposits Number of depositors Rate of interest paid during year Interest payable Feb. 1, 1, Aug. . . May Rate Part IV. Liabilities Personal loans: Unsecured Secured Co-operative bank shares Deposits subject to check Cash on hand Furniture and 8, 31, 1930 668 . 5% . 1, of interest 2,230 84 Other expenses Nov. $5,253 84 Total 1. on loans: $25,572.10 at 5%; $75,524.58 at 6%. LOWELL — NOTRE DAME DE LOURDES CREDIT UNION Incorporated September 12, 1911. Began business September 19, 1911 Joseph A. N. Chretien, Treasurer Alexis Mailloux, President Alfred Nadeau, Clerk of Corporation Board of Directors: J. A. Baron*, J. A. N. Chretien, Paul Dostalerf, A. J. Ducharmef, George Gaudette, Leonce Gionet, Adelard Guimond, J. A. Lequin, L. J. Lord, Alexis Mailloux, J. F. Montminy, Alfred Nadeau, Edmond Pinard*, Avila Sawyer*, E. H. Vervillef. Meetings held at 26 Branch Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 1st $1,588 23 5,711 36 216,113 24 2,050 00 4,000 00 2,400 81 2,088 28 mortgages 2nd mortgages Co-operative barlk shares Deposits subject to check Cash on hand Furniture and fixtures Real estate by foreclosure . Shares Deposits 59 75 38 26 1,869 57 22 81 $24,884 224,517 8,217 2,822 . Guaranty fund Undivided earnings Net current income Other liabilities 980 00 27,402 44 $262,334 36 $262,334 36 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 49 94 693 . Rate of dividend, Nov., 1930 134 25 cents Total Expenses for Year ,200 00 Salaries Number Rate of depositors of interest paid during Interest payable May 1, 693 Rate 4^% year Nov. of interest Incorporated I. 254 38 433 25 Ttftal ,887 63 1. on loans: $222,008.24 at 6%; $3,454.59 at 7%. LUDLOW — L. M. Ralph Other expenses Rent Deposits 5% March 11, 1930. A. CREDIT UNION Began business March 17, 1930 Sydney Ingham, Treasurer McCorkindale, President Yvonne Gauthier, Clerk of Corporation Board of Directors: J. P. Cormack*, F. J. Cummings*, Antonio Evangelista, Yvonne Gauthierf, G. F. Gurnhamf, Sydney Ingham, Carl Jedzniak*, Mary Martin*, R. I. McCorkindale, A. C. Quinby, G. A. Smithf, J. J. Sojka*. Meetings held at East Street. * Credit Committee. t Auditing Committee. P.D. 8, 99 Part IV. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Liabilities ... . $4,216 63 54 00 120 58 761 75 . . . . . . . Shares Other 05 04 14 00 liabilities $5,152 96 $5,152 96 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . . 336 123 25 cents . . . . Rate of interest Dividends 1930 Rate 371 35 . Total Expenses for Year Salaries Rent Other expenses $193 92 Total $193 92 on loans: $4,270.63 at 6%. (1) CREDIT UNION Began business January 18, 1928. Board of Directors: M. Lemaire*. E. J. J. W. 2, 1929 Raymond Kenneth Wood, President Raymond 6% of dividend, Nov., LYNN — EAST LYNN POST Incorporated December 29 58 $4,886 120 58 74 Guaranty fund Undivided earnings Net current income E. Neal, Treasurer E. Neal, Clerk of Corporation J. Baker, J. M. Earnest, J- R- Churchill, M. P. Cole, C. A. Doakf, P. F. Howes, W. F. Lowell, R. E. Montrose, R. E. Neal, J. W. Prescott*, H. C. Reynolds*, C. B. Sawyerf, Thompson, Kenneth Wood. Meetings held at 33 Sidney Avenue. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check Furniture and fixtures 31, 1930 Liabilities $1,674 65 218 . 16 70 00 35 50 Shares ..... .... .... $1,755 75 55 12 Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities 23 00 79 32 60 61 75 . . $1,974 55 $1,974 55 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 31 4 97 34 . of dividend, Nov., 1930 of interest ..... ..... Total Expenses for Year 25 cents Salaries Rent Rate 3% 3% May, 1930 — Other expenses $31 05 Total $31 05 on loans: $1,739.70 at 8%. LYNN — LABOR CIRCLE CREDIT UNION Incorporated July 23, 1912. Began business August 12, 1912 Samuel Viner, Treasurer Louis Kline, President Barney Grob, Clerk of Corporation Directors: Samuel Feinsteinf, Barney Grob*, Louis Kline, Harry Levine*, Samuel Levine*, Pearlf, H. S. Polansky, W. M. Pruss, Barnet Smidt*, Jacob Strome, Samuel Viner, Louis White*, Yellowitzf. Meetings held at 237 Summer Street. Board of STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check . . Furniture and fixtures less current income Expense 31, 1930 Liabiliti es $64,791 9,948 6,180 9,427 274 00 46 00 72 01 315 00 972 27 Shares Deposits .... .... Guaranty fund Reserve fund Undivided earnings Other liabilities . . $21,545 62,076 6,268 537 25 09 75 00 1,463 22 18 15 $91,908 46 $91,908 46 * Credit Committee. Frank M. D. t Auditing Committee. 100 P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . . . . 76 93 771 . 428 50 cents . . . Other expenses $1,881 00 377 32 721 69 Total $2,980 01 Rent . . of depositors . of interest paid during year Interest payable May 15, Nov. 15. Rate 740 6% of interest 8% Total Expenses for Year Deposits Number Part IV. ...... ...... .... Salaries Rate 8, Dividends Rate of dividend, Nov., 1930 on loans: $80,919.46 at 6%. LYNN — LYNN CREDIT UNION Began business October Incorporated September 29, 1926. 4, 1926 Abraham Waldman, Joseph A. Litvack, President Nathan A. Treasurer Scherzer, Clerk of Corporation Board of Directors: Morris Alperf, Louis Backer*, Abraham Epstein*, Sam Field, Sam Katz*, Abraham Kaufmanf, Louis Kimmelf, J. A. Litvack, Louis Litvack*, M. L. Litvack*, Louis Margolis*, Harry Portnoy, Samuel Rosenthal*, N. A. Scherzer, Harry Stolzberg*, Louis Stryer*, Abraham Waldman. Meetings held at 237 Summer Street. STATEMENT OF CONDITION, DECEMBER Assets Liabilities Unsecured Secured Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check Furniture and fixtures Personal 31, 1930 lofans: . . . $156,985 44 15,000 00 11,039 75 13,271 54 2,358 87 325 00 ..... Shares $173,163 16,036 2,578 2,610 Guaranty fund Undivided earnings Net current income Other liabilities . . 21 68 4,591 70 $198,980 60 $198,980 60 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 156 101 . Rate of dividend, 586 $1 00 4% 4% May, 1930 Nov., 1930 1,195 ...... ...... Total Expenses for Year Salaries Rent Other expenses . Total Rate 57 44 of interest $2,704 00 486 30 1,765 00 $4,955 30 on loans: $171,985.44 at 6%; $11,039.75 at 12%. LYNN — LYNN INDEPENDENT WORKMEN'S CIRCLE CREDIT UNION Incorporated March 7, 1927. Began business March 14, 1927 Max Morris Gorodnitsky, President Harry Goldfarb, Clerk Gold, Treasurer of Corporation Board of Directors: Israel Babbittt, Jacob Bix, H. M. Gilbertf, Hyman Gilmanf, Max Gold, Samuel Goldenfield*, Harry Goldfarb, Morris Gorodnitsky, Louis Litchman*, Harry Poleschuck*, Harry Portnoy, Samuel Sokolofsky*, Jacob Strome*. Meetings held at 235 Summer Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Liabilities $5,042 90 1,427 53 330 00 154 51 . . Shares 5,599 97 Guaranty fund Net current income Other 296 09 26 38 32 50 liabilities $6,954 94 $6,954 94 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 52 * Credit Committee. Dividends 1930 of dividend, Nov., 7 189 . Rate Rate 66 $1 00 of interest 4% Total Expenses for Year Other expenses $250 00 100 00 138 25 Total $488 25 Salaries Rent on loans: $6,470.43 at 8%. t Auditing Committee. P.D. 8, 101 Part IV. LYNN — LYNN POSTAL DISTRICT EMPLOYEES' CREDIT UNION Incorporated October 2, Began business November 1926. 1, 1926 Howard Jerome E. Paul, President Harry Kaufman, Clerk E. Foster, Treasurer of Corporation Board of Directors: G. F. Alley, E. J. Barryf, F. E. Bartlett, F. O. Brown*, J. A. Coddington, B. J. Curtin, E. E. Doyle, H. E. Foster*, Henry Garney*, T. L. Healeyf, J. W. Hicks, Harry Kaufmanf, J. P. Madden, R. H. Osgood, J. E. Paul, H. W. Sackrison, G. E. Sampsonf, J. F. C. Stevens. Meetings held at U. S. Post Office Building, corner of Washington and Liberty streets. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities 00 325 00 338 43 232 81 . . ..... Shares ),128 $9,160 73 277 17 438 87 146 22 1 25 Guaranty fund Undivided earnings Net current income Other liabilities . . $10,024 24 $10,024 24 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 27 of dividend, Nov., 1930 5 . 6% . ;..... ...... Total Expenses for Year 170 90 25 cents Salaries Rent Other expenses . of interest on loans: ,353.00 at 6%; 65 40 $215 40 Total Rate $150 00 7%. $100.00 at LYNN — RED OVAL CREDIT UNION Incorporated Lyndon W. Ellis, March 1, 1929. Began business April 1929 2, Merle President J. Baker, Treasurer Esther Broude, Clerk of Corporation Board of Directors: M. J. Baker, Frances L. Bickford*, Frank Bownesf, Esther Broude, Margaret M. Coleman*, G. F. Dean, L. W. Ellis, Mabel G. Finniganf, J M. Marshf, Grace M. Tibbetts*, W. G. Woodman. Meetings held at 311 Eastern Avenue. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities $260 00 471 00 503 33 222 50 , , 1,404 75 Shares Guaranty fund Undivided earnings Net current income Other liabilities 16 60 27 58 7 65 25 $1,456 83 $1,456 83 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate of dividend, none pa,id . Total Expenses for Year 33 18 25 cents Salaries Rent Other expenses Total Rate of interest on loans: $731.00 at 6%. LYNN — ST. JEAN BAPTISTE PARISH CREDIT UNION Incorporated September 29, 1910. Began business October David A. Gagnon, President 7, 1910 George E. Langevin, Treasurer Alfred L. Lauzon, Jr., Clerk of Corporation Board of Directors: N. B. Bergeron*, V. P. Bergeronf, E. O. Chausse, Feriole Dionne, Jacques Doucette, D. A. Gagnon, Wallace Gaudet, R. H. Gingras, G. E. Langevin, Wilfred La Plantef, Julien Leger, Alexander MacAdam*, A. D. Saulnier*, Oscar Simardf. (One vacancy.) Meetings held at 158 Franklin Street. * Credit Committee. t Auditing Committee. 102 P.D. STATEMENT OF CONDITION, DECEMBER Assets $7,669 83 Real estate loans: 27,848 42 60,130 80 12,191 02 6,000 00 13,815 86 1,284 00 mortgages 2nd mortgages Bonds Co-operative bank shares Deposits in savings banks Deposits subject to check Shares Deposits $72,377 85 60,452 07 . Guaranty fund 12,891 48 1,023 04 Undivided earnings Net current income Other liabilities Mortgages payable 781 65 4 00 20,200 00 2,122 17 Cash on hand Real estate by foreclosure 500 00 . 36,167 99 $167,730 09 $167,730 09 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 97 116 646 138 . Rate 6% of dividend, Nov., 1930 25 cents Total Expenses for Year 00 661 70 621 04 Salaries Number 263 Rate 5% of depositors of interest paid during year Interest payable May 1, Nov. 1. of interest 1,755 Rent Deposits Rate Part IV. Liabilities Personal loans: Unsecured Secured 1st 8, 31, 1930 Other expenses Total $3,037 74 on loans: $31,274.43 at 6%; $59,990.80 at 7%; $5,667.82 at 8%. LYNN — WEST LYNN Incorporated G. E. March 27, 1926. EMPLOYEES CREDIT UNION Began business April 7, Joshua P. Stott, President 1926 John Robinson, Treasurer Annie P. Borjeson, Clerk of Corporation W. T. Lichman, S. W. W. Odellf, John Robin- Board of Directors: Annie P. Borjeson, T. J. Culliton, G. C. Decker, J. E. Doyle*, Mansfield, R. W. Matherf, W. A. Mattson*, Geo. McLernon, M. F. O'Brien, J. son, F. P. Shanahan*. F. J. Skoogf, G. H. Smith, J. P. Stott, O. J. Therrien. Meetings held at 42 Center Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities . . . $18,578 35 11,470 00 1,764 47 204 59 ..... Shares Guaranty fund Undivided earnings Net current income Other $29,123 09 1,293 42 854 73 192 92 553 25 . . liabilities $32,017 41 $32,017 41 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 210 Rate of dividend, Nov., 1930 169 902 494 25 cents * 6% . ..... ... Total Expenses for Year Salaries Rent . $1,165 50 . . 340 60 Other expenses Rate of interest Total on loans: $30,048.35 at 6%. $1,506 10 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: Harry Book*, Julius Dorfmanf, Arnold Edner, Joseph Gabovitzf, Morris Huberman, Henry Lewenberg, Joseph Manestersky, Max Schneidermanf, Myer Shore*, Sam Solomon, Morris Weiner*. Meetings held at 267 Bryant Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures Expense, less current income 31, 1930 Liabilities . $11,583 14 1,583 00 802 68 125 41 69 00 1 55 . . Shares Deposits .... .... Guaranty fund Undivided earnings Other . liabilities . $13,078 25 342 56 687 97 51 00 5 00 $14,164 78 $14,164 78 . * Credit Committee. t Auditing Committee. P.D. 8, 103 Part IV. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 25 33 . Number 50 cents ... of interest paid during year 1, Apr. 1, 1, Rate Other expenses $568 00 276 00 109 09 Total $953 09 Rent 2 6% . July Total Expenses for Year Salaries Deposits of depositors Interest payable Jan. 4% 199 111 Number who are borrowers Amount of entrance fee per member Rate Dividends Rate of dividend, Nov., 1930 Oct. 1. of interest on loans: $13,166.14 at 7%. MALDEN — FAULKNER CREDIT UNION Incorporated February 8, Began business February 1927. 15, 1927 Dora Whiteman, President Jennie Grant, Treasurer Ida E. Fishman, Clerk of Corporation Lillian Grant*, Jennie Hyde*, Ada Lebovidgef, Fannie Rubin*, Sadie Rudman, Sarah Weinerf, Dora Whiteman. Board of Directors: Ida E. Fishman, Jennie Grant, Rosenfieldt, Fanny Rosenfield, Mary Meetings held at 104 Franklin Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Co-operative bank shares Deposits in savings banks Deposits subject to check Liabilities $1,124 81 2,150 19 600 00 21 83 419 13 . . . Shares . $4,006 72 . Guaranty fund Undivided earnings Net current income Other 255 78 6 38 43 33 3 75 . . liabilities $4,315 96 $4,315 96 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 7 Rate of dividend, 69 45 ..... Total Expenses for Year Salaries Rent . . Other expenses .... Total Rate of interest on 2% Nov., 1930 14 $1 25 2M% May, 1930 lo. ins: $202 00 25 00 19 23 $246 23 8%. $3,275.00 at MALDEN — JUDSON CREDIT UNION Incorporated January 26, 1927. Began business February 9, 1927 Rose Cohen, President Celia Perlin, Treasurer Rose D. Brustin, Clerk of Corporation Board of Directors: Dora Bagelman, Becky Bornstein*, Emma Bornsteinf, Ethel Brown*, Rose D. Brustin, Mary Chernickt, Rose Cohen, Celia Gilmanf, Sadie Karasik*, Celia Perlin, Annie Toder. Meetings held at 8 Holyoke Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities . 00 370 00 200 00 . 162 52 1,571 Shares J, Guaranty fund Undivided earnings Net current income $2,303 52 144 56 127 80 30 62 54 $2,303 52 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 7 Rate of dividend, Nov., 1930 46 26 $1 00 Total Expenses for Year $127 50 10 00 Salaries Rent Other expenses Total Rate 5% 10 . of interest * Credit Committee. on loans: $1,941.00 at 8%. t Auditing Committee. 18 55 $156 05 104 P.D. MALDEN — MALDEN CREDIT UNION Incorporated October 18, 1926. Began business October 8, Part IV. 27, 1926 Moses Lewin, President Julius Faller, Treasurer Israel Fox, Clerk of Corporation Board of Directors: Philip Bagelman, Frank Bernstein, Harry Budilov*, Israel Cohen, Julius Faller, Israel Fox, Morris Goldstein, Moses Lewin, Eli Ludmirsky*, Jacob Miller*, Harry Saltzberg*, Morris Schlager*, Marcus Schneidermanf, Isidore Tragerf, Leon Waxmanf. Meetings held at 377 Cross Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check L1.926 81 1,803 25 839 83 144 85 10 00 486 36 Other assets Furniture and fixtures Expense, less current income Shares $13,750 42 1,324 05 66 76 122 38 Guaranty fund Reserve fund Undivided earnings . 52 51 $15,263 61 $15,263 61 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 13 45 203 85 none . Rate 6% of dividend, Nov., 1930 ...... ...... .... Total Expenses for Year Salaries Rent Other expenses Rate of interest MALDEN — MALDEN Incorporated August Total on loans: $13,730.06 at 7%. G. & 7, 1929. E. $662 00 415 00 102 32 L.179 32 EMPLOYEES CREDIT UNION Began business September Harold P. Knowlton, President 10, 1929 Harold P. Hutchins, Treasurer Robert Hodson, Clerk of Corporation Board of Directors: W. D. Barber, W. A. Berg, R. S. Carter, Margaret Coburnf, H. E. Dowf, Thomas Greene, Robert Hodson, H. P. Hutchins, H. M. Jones*, H. P. Knowlton, W. A. Miller, G. A. Musef, Evelyn E. Stokes, T. F. Sweeney*, A. E. Walters*. Meetings held at 157 Pleasant Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Co-operative bank shares Deposits in savings banks Deposits subject to check Liabilities $14,896 30' 331 3,816 3,062 2,726 , . 00 65 60 64 Shares Deposits $22,054 77 1,459 84 242 65 703 95 361 98 10 00 . Guaranty fund Undivided earnings Net current income Other liabilities $24,833 19 $24,833 19 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 139 Rate of dividend, 23 324 . Dividends May, 1930 Nov., 1930 3% 3% 172 Total Expenses for Year 25 cents $155 00 Salaries Rent Deposits Number 127 Rate 5% of depositors of interest paid during year Interest payable 1, Nov. 1. May Rate of interest 50 63 Other expenses $205 63 Total on loans: $15,227.30 at 6%. MALDEN — MUTUAL INVESTMENT CREDIT UNION Incorporated November Jacob S. 4, 1922. Began business November 8, 1922 Edward Ruderman, President Samuel I. Alpert, Treasurer Winer, Clerk of Corporation Board of Directors: Samuel Abramson*, Edward Alpert, P. M. Berson, Julius Faller*, Israel Fox*, A. S. Goldman, Henry Goldsteinf, L. H. Jacobson*, Israel Rainerf, G. D. Rossyn, Isaac Rudermanf, J. S. Ruderman, S. H. Silverstein*, Morris Weinstein, S. I. Winer. Meetings held at 258 Bryant Street. * Credit Committee. t Auditing Committee. P.D. 8, 105 Part IV. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Personal loans: Unsecured Secured 30,097 1,499 1,650 2,376 2,604 Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check . . 07 00 00 Shares 16 09 Undivided earnings Net current income Other liabilities 608 40 Furniture and fixtures $34,022 53 3,976 80 436 88 28 48 360 03 10 00 Guaranty fund Reserve fund $38,834 72 $38,834 72 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 69 72 . Rate 328 191 none 5% of dividend, Nov., 1930 Total Expenses for Year $935 00 555 41 590 35 Salaries Rent Other expenses $2,080 76 Total Rate of interest on loans: ),671.07 at 7%; 8%; $325.00 at $3,250.00 at 10%. MALDEN — PROGRESSIVE WORKMEN'S CREDIT UNION Incorporated September 12, 1911. Jacob W. Mover, Began business September 12, President 1911 ,Philip Benjamin Isenman, Treasurer Miller, Clerk of Corporation Board of Directors : S. J. Bander*, Samuel Bivetsky, Joseph Cardinal, Max Cohn, Charles Gale, Meyer Gelpe*, Abraham Grossmanf, Philip Isenman, Robert Katz*, Thomas Klaiman, Harry Lilly*, Benjamin Miller, J. W. Mover, Nathan Rodman, Abraham Ross, Louis Segal*, Ernest Sukermanf, G. F. Wenrichf. Meetings held at 473 Cross Street. STATEMENT OF CONDITION, DECEMBER Assets Liabilities Personal loans: Unsecured Secured Real estate loans: $412,496 54,284 26,668 176,478 3,000 30,892 22,150 2,000 mortgages 2nd mortgages 1st Co-operative bank shares Deposits in savings barfks Deposits subject to check Cash on hand 31, 1930 . Other assets 2,707 15,048 2,202 4,629 Certificates of deposit Furniture and fixtures Real estate by foreclosure 59 01 07 79 00 65 52 00 06 25 58 02 Shares Deposits 517,942 38 65,701 03 . Guaranty fund 46,608 48 15,350 70 6,954 95 Undivided earnings Net current income $752,557 54 $752,557 54 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . . . . . . . . 794 580 4% Rate of dividend, May, 1930 3^% Nov., 1930 3,511 1,850 25 cents Total Expenses for Year Salaries Number of depositors . Rate of interest paid during year Interest payable Jan. 1, Apr. 1, July 1, Oct. 1. . . . Rate of interest $6,306 00 801 40 4,715 38 Rent Deposits 178 Other expenses 6% Total $11,822 78 on loans: $351,887.15 at 6%; $4,000.00 at 9%; $225,799.48 at 10%; $88,240.83 at 12%. MALDEN — RELIANCE CREDIT UNION Incorporated December 4, 1928. Began business December 10, 1928 Ida R. Hirshman, Treasurer Mollie Miller, President Goldie P. Dorfman, Clerk of Corporation Board of Directors: Goldie P. Dorfman, Dolly Hirshmanf, Ida R. Hirshman, Rose Hirshman*, Mollie Miller, Annie Perlman, Mollie Perlmanf, Alice Silverstein*, Gertrude Solomonf, Goldie Solomon*, Rose Solomon. Meetings held at 452 Bryant Street. * Credit Committee. t Auditing Committee. P.D. 106 STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check 8, Part IV. 31, 1930 Liabilities $1,252 00 460 00 797 87 , Shares 1,382 23 Guaranty fund 56 68 6 96 62 00 2 00 Undivided earnings Net current income Other liabilities $2,509 87 $2,509 87 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 5 Rate of dividend, 32 24 00 3% 3% Nov., 1930 1 . May, 1930 Total Expenses for Year $52 00 Salaries Rent Rate of interest MALDEN 29 00 Total $81 00 on loans: $1,712.00 at 8%. SAFETY CREDIT UNION November Incorporated Other expenses 17, 1926. Began business December Nathan Rodman, President 6, 1926 Israel Benjamin, Treasurer Max Rosenthal, Clerk of Corporation Max Barnett, Israel Benjamin, Nathan Board of Directors: Max Altman*, Cohan*, Max Cohen*, Louis Cushmanf, Eli Finkelstein*, Nathan Finkelstein, Morris Harris, Nathan Rodman, Max Rosenthal")", Joseph Schlager, Maurice Toksonf, Jacob Ziner*. Meetings held at 439 Cross Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans : Liabilities Unsecured $26,259 97 1,450 00 1,073 01 Secured Deposits in savings banks Deposits subject to check Furniture and fixtures 31, 1930 . 664 80 281 60 . ..... Shares .... Guaranty fund Reserve fund Net current income Other . liabilities $29,729 38 $29,729 38 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 59 69 . Rate of dividend, 325 189 25 cents ..... ..... Total on loans: . 4% sy2 % Total Expenses for Year Salaries Other expenses of interest May, 1930 Nov., 1930 Rent Rate $27,570 30 1,220 65 572 51 363 67 2 25 5,259.97 at 7%; .... $526 00 337 99 282 50 $1,146 49 $1,450.00 at 12%. MALDEN — SUDELKOW CREDIT UNION Incorporated February 17, 1927. Began business February 17, 1927 Samuel Finkelstein, Treasurer Philip Begelman, President Julius Dorfman, Clerk of Corporation Board of Directors: Abraham Abrams*, Philip Begelman, Philip Blank*, Morris Bluesstein*, Julius Dorfman, Samuel Finkelstein, Louis Ludmirsky*, Joseph Meltzert, Abraham Sokolovitzt, Louis Siegel*, Jacob Steinberg, Harry Weinerf. Meetings held at 261 Bryant Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures 31, 1930 Liabilities $8,102 42 1,089 00 500 00 146 72 84 00 . . Shares Guaranty fund Undivided earnings Net current income Other liabilities Committee. 1 00 $9,922 14 $9,922 14 * Credit $9,311 69 474 59 65 65 69 21 t Auditing Committee. P.D. 8, 107 Part IV. Membership Dividends Number added during year Number withdrawn during yea, r Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 7 12 111 . 66 oo : Rate 3M% May, 1930 of dividend, 3% Nov., 1930 Total Expenses for Year $255 00 105 00 89 75 Salaries Rent Other expenses Rate of interest MANSFIELD $449 75 Total on loans: $9,191.42 at 7%. — MANSFIELD CREDIT UNION Began business September Incorporated July 26, 1916. 2, 1916 Frank R. Sawyer, Treasurer Kenneth C. Sherman, President Sadie H. Tucker, Clerk of Corporation Board of Directors: G. D. G. Baldwin*, Alphonso Buck*, H. W. Butterworth, W. F. Chapman, R. M. Cook, W. L. Currivan* W. C. Fuller, G. W. Gilesf, A. A. Grover, P. J. Haigis, J. H. Howe, J. G. Moran, H. A. Morse*, Gertrude F. Olsen*, Joseph Roman, W. H. Rootsf, F. R. Sawyer, F. O. Shepardson, K. C. Sherman, Sadie H. Tucker, H. A. Washburn f. Meetings held at 170 North Main Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate lo^ns: 1st mortgages 2nd mortgages Deposits subject to check Cash on ha,nd $21,759 36 16,739 74 28,986 39 8,482 39 4,532 18 513 38 601 82 407 74 430 31 . Other assets Real estate by foreclosure Furniture and fixtures Shares Deposits $27,907 46 51,590 67 1,489 71 7 42 201 76 186 04 1,070 25 . Guaranty fund Reserve fund . Undivided earnings Net current income Other liabilities $82,453 31 J82.453 31 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 89 94 580 . Rate 2% May, 1930 of dividend, 2^% Nov., 1930 260 25 cents Total Expenses for Year $1,675 40 430 54 606 75 Salaries Rent Deposits Number Rate of depositors of interest paid during year . Interest payable Jan. Rate of interest 1, Apr. on loans: 1, 313 . . July 1, Other expenses 6% . Oct. $26,583.64 at $2,712 69 Total 1. $440.00 at 6K%; $493.00 at 9%. 6%; $15,331.67 at 7%; $33,119.57 at 8%; MARLBOROUGH — ST. MARY'S PARISH CREDIT UNION Incorporated July Joshua J. 9, 1913. Began business August 13, Lemay, President 1913 William H. Wellen, Treasurer Violette R. Bouvier, Clerk of Corporation Board of Directors: J. B. Archambault*, A, H. Bastien, R. J. Bedardf, Violette R. Bouvier, E. H. Des Rochers, Arthur Guilbert, J. J. Lemay, H. E. Moineau*, E. C. Paquette*, J. F. Parizeauf, A. J. Rougeau, H. J. Rougeauf, W. H. Wellen. Meetings held at 478 Lincoln Street. STATEMENT OF CONDITION, DECEMBER Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 1st mortgages 2nd mortgages Deposits in savings banks Deposits subject to check Cash on hand Real estate by foreclosure Furniture and fixtures . 31, 1930 $45,962 19,251 107,424 20,893 3,541 3,764 2,277 4,402 1,704 06 20 Shares Deposits 78 Guaranty fund Undivided earnings Net current income 13 37 31 Other $139,386 35 60,757 40 . liabilities Committee. 357 29 459 66 07 63 66 $209,221 21 * Credit 7,267 17 993 34 $209,221 21 t Auditing Committee. 108 P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 227 8, Part IV. Dividends Rate of dividend, Nov., 1930 5H% 143 1,081 . 451 none Total Expenses for Year >,454 92 Salaries Rent Deposits Number of depositors Rate of interest paid during year Interest payable Mar. 1, June 1, Sept. Rate of interest 1,003 1, Dec 349 76 579 73 Other expenses 4H% Total 1. 5,384 41 on loans: $126,675.98 at 6%; $45,962.06 at 7%; ),893.13 at 8%. MEDWAY — MEDWAY CREDIT UNION Incorporated February 10, 1927. Began business February Harry Youman, President 1927 23, David H. Youman, Treasurer Jennie Handverger, Clerk of Corporation Board of Directors: Charles Carroll*, William Carvinf, Martin Cerel*, David Handverger, Jennie Handverger, Nyman Handvergerf, Eli Slotnick*, Lillian Weitzler, Bennie Wiennerf, D. H. Youman, Harry Youman. Meetings held at 19 North Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Cash on hand 31, 1930 Liabilities $625 00 5,303 00 .... 227 12 . 160 54 ...... .... .... Shares Guaranty fund Undivided earnings Net current income Other liabilities .... . . . $6,315 66 Dividends 14 3 . Rate of dividend, . ...... ...... .... Other expenses MILFORD sy2 % $156 00 — 19 26 $165 26 Total of interest 50 Total Expenses for Year Salaries Rent Rate 17 73 133 27 4^% May, 1930 Nov., 1930 66 50 50 cents 217 16 $6,315 66 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member $5,947 00 on loans: $5,928.00 at 7%. — MILFORD Incorporated April 28, 1927. CREDIT UNION Began business May 2, Jacob Wyzan, President 1927 Morris Kirsner, Treasurer Norry J. Lessard, Clerk of Corporation Board of Directors: Colman Chafetzf, Abraham Feldman*, Irving Ferman*, Aaron Heitenf, Samuel Helfand, Morris Kirsner*, Isaac Kulvinsky*, N. J. Lessard, Edward Neistein*, Aaron Pressman*, Myer Rosen, Jacob Wyzanf. Meetings held at 47 Pine Street. STATEMENT OF CONDITION, DECEMBER Liabilities Assets Personal loans: Unsecured Secured Deposits subject to check 31, 1930 $9,574 23 2,924 00 3,563 88 . ...... .... Shares Guaranty fund Undivided earnings Net current income . . . Dividends Membership 13 8 . 1% Rate of dividend, May, 1930 Nov., 1930 55 34 ... . Rent Total Rate o interest on * Credit Committee. . 3% 3% loa ns: $200 00 100 00 58 53 Other expenses ' 73 Total Expenses for Year Salaries of value of shares subscribed. 55 31 52 $16,062 11 $16,062 11 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member, $14,331 569 1,068 92 . $12,498.23 at . 6%. t Auditing Committee. $358 53 P.D. 8, 109 Part IV. NEW BEDFORD ALLIANCE CREDIT UNION NEW BEDFORD Incorporated December 9, 1927. Began business February 14, Harry Brody, President 1928 Morris Shrieber, Treasurer Julius Kivowitz, Clerk of Corporation Board of Directors: Samuel Abrams*, Harry Brody, Hyman Eidlen*, Moses Goldsteinf, Joseph Greenstein*, Abram Hollandf, Julius Kemlerf, Julius Kivowitz, Israel Levow*, Sam Plotnick, Morris Shrieber, Jacob Winetsky. Meetings held at 40 Bedford Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Secured Deposits subject to check 31, 1930 Liabilities $1,993 78 1,363 88 . ..... Shares Guaranty fund Undivided earnings Net current income Other . ... . liabilities Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 7 2 . Rate of dividend, 57 16 $1 00 Rate none paid ..... ..... Total Expenses for Year Salaries Rent Other expenses $28 39 Total $28 39 on loans: $1,993.78 at 6%. of interest NEW BEDFORD GAS AND EDISON LIGHT COMPANY NEW BEDFORD EMPLOYEES* CREDIT UNION Incorporated W. 5 00 $3,357 66 $3,357 66 Everett 50 84 33 99 $3,007 119 192 32 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.*, John Bradley*, E. W. Cole, C. A. Cotterf, P. C. Dirksen, A. E. Flathersf, W. A. Kenyon*. C. T. Mattson, J. A. Stetson, C. B. Tyler, Albert Woodcockf. Jr., Meetings held at 693 Purchase Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand . . Liabilities $7,072 26 3,800 515 . . . . 17 00 00 00 499 98 1,016 86 . Shares Deposits ..... . Guaranty fund Reserve fund . . . .... Undivided earnings Net current income Other liabilities . . . $12,930 01 $12,930 01 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 42 38 251 126 . Rate of dividend, Nov., 1930 Rent Deposits Number 68 of depositors of interest paid during Interest payable Feb. 1, year May 1, Aug. Rate ..... Total Expenses for Year 25 cents Salaries Rate 38 49 70 30 567 57 143 82 1 75 $7,645 3,917 352 301 Other expenses 5% L, Nov. Total 1. of interest on lo£ ms: $7,098.17 at .... 6% — $57 76 $57 76 6%. NEW BEDFORD — NEW BEDFORD POSTAL EMPLOYEES CREDIT UNION Incorporated November 18, 1926. Began business December James Booth, President 1, 1926 Dennis A. Shea, Treasurer Joseph D. Connolly, Clerk of Corporation Directors: E. H. Balbonif, James Booth, W. A. Burt, J. D. Connolly, Martin Connor, Anthony Dutra, Jr., F. T. Francis*, T. J. Gleason, Levi Hartley, J. M. Harvey* S. A. Markeyf, W. F. Masonf, E. E. Pierce, D. A. Shea, B. J. Smith*. Board of Meetings held at Post Office Building. * Credit Committee. t Auditing Committee. 110 P.D. STATEMENT OF CONDITION, DECEMBER 8, Part IV. 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Deposits subject to check $8,188 00 537 00 285 02 Shares Deposits ,267 23 114 47 300 66 250 25 76 41 1 00 . Guaranty fund Undivided earnings Net current income Other liabilities $9,010 02 $9,010 02 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 82 50 cents ... of depositors Rate of interest paid during year Interest payable Feb. 1, May 1, Aug. Rate Total Expenses for Year $75 00 Salaries Rent Deposits Number Nov., 1930 2 149 . 4% 4% May, 1930 of dividend, 6 26 00 Other expenses 5% . 1, Nov. $101 00 1. of interest on loans: $8,725.00 at 6%. NEW BEDFORD — SACRED HEART CREDIT UNION Incorporated September 5, 1914. Began business October Hormidas P. Dion, President 27, 1914 E. Philip Berthiaume, Treasurer Louis Jean, Clerk of Corporation Board of Directors: E. P. Berthiaume, H. P. Dion, D. H. Gauthier*, Louis Jean, A. L. Moreauf, William Nerbonne*, C. A. Poirierf, H. J. Proulx*, Richard Remillard, E. E. Sansoucyt, Omer Valois. Meetings held at 349 Summer Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans Liabilities Unsecured : $4,077 3,285 41,361 38,584 16,000 5,682 83 18,033 Secured Real estate loans: 1st mortgages 2nd mortgages Deposits in savings banks Deposits subject to check . . Cash on hand Real estate by Expense, less . foreclosure current income . 21 00 10 01 00 35 37 39 Shares Deposits $20,406 35 87,058 49 12,176 99 152 55 5,350 55 7 50 3,300 00 . Guaranty fund Reserve fund Undivided earnings Other liabilities Bills payable 1,346 00 $128,452 43 $128,452 43 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who a*re borrowers Amount of entrance fee per member 19 Rate of divider 48 378 80 . 3% 2V2 % May, 1930 Nov., 1930 25 cents per share Total Expenses for Year Salaries ,220 00 172 44 . Rent Deposits Number 373 of depositors of interest paid during year Interest payable 1, Nov. 1. m% Rate May 249 60 Other expenses $1,642 04 Total Rate of interest on loans: $24,560.00 at 6; $18,746.10 at 7%; $43,796.22 at 8%; $205.00 at 12% NEW BEDFORD — ST. ANNE CREDIT UNION Incorporated August 3, 1911. Began business September 5, 1911 Adelard Langlois, Treasurer Hughes Desautels, President P. Damien Jarry, Clerk of Corporation Board of Directors: Hughes Desautels, N. J. Fournier*, P. D. Jarry, Adelard Langlois, W. J. Lemlin* Doria Letendref, L. P. Normandf, Adelard Pepin*, Denis Richardf, Alexandre Robin, Ludger Slight. Meetings held at 15>£ Rodney French Boulevard. * Credit Committee. t Auditing Committee. P.D. 8, Part IV. 111 STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Real estate loans: Liabilities $3,854 12,874 164,075 149,123 52,608 16,000 182 9,099 3,035 . mortgages 2nd mortgages 1st 22 00 Shares Deposits 12 Guaranty fund Reserve fund Undivided earnings 20 50 00 85 96 76 435 02 Bonds Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand Furniture and fixtures Real estate by foreclosure Expense, less current income . Other $99,078 250,864 34,932 3,847 33,098 liabilities 8,217 11 2,318 51 $421,824 25 $421,824 25 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 50 111 881 163 . Rate of dividend, 3% 3% May, 1930 Nov., 1930 20 cents per share Total Expenses for Year 00 648 07 629 70 Salaries Number of depositors 878 4M% Rate of interest paid during year Interest payable 1, Nov. 1. May on loans: of interest NEW BEDFORD 5,732 Rent Deposits Rate 17 03 50 89 26 3 40 . 6%; $325.00 at Other expenses Total $176,329.12 at $,349.22 at 12%. 7%; $5,009 77 $149,273.20 at 8%; $650.00 at 9%; SOUTHERN MASSACHUSETTS TELEPHONE WORKERS' CREDIT UNION Incorporated November 8, 1922. Began business November Board of Directors: G. F. R. M. French, G. S. 1922 8, W. Chisholm, Treasurer Anna K. Manley, Clerk of Corporation Backusf, K. B. Burrill, C. W. Chisholm, Beatrice Crapo, C. F. Donahoe, N. J. Eaton, Furberf, J. J. Lynch*, Anna K. Manley, Margaret T. Melody*, G. W. Mixer, B. K. Vincent C. Ryan, President Colin Rounsvillef, Mae A. Russell, V. C. Ryan, F. C. Sartoris, Blanche L. Smith, G. H. Smith, H. F. Smith, A. W. Tisdale, H. J. Wardick*. Meetings held at 390 Acushnet Avenue. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Personal loans: Unsecured Secured Real estate loans 1st mortgages 2nd mortgages Co-operative bank shares Deposits in savings banks Deposits subject to check Furniture and fixtures $43,863 80 24,352 51 5,200 00 . : 800 00 4,000 00 291 08 268 69 296 19 . . . Shares Deposits $39,475 22,449 5,479 585 912 169 10,000 . Guaranty fund Undivided earnings Net current income Other liabilities Bills payable $79,072 27 Dividends 136 89 884 535 . Rate of dividend, Nov., 1930 6% Total Expenses for Year 10 cents $2,392 00 Salaries Rent Deposits Number 515 Rate 5% of depositors of interest paid during year Interest payable Feb. 1, 1, Aug. May of interest 14 75 00 $79,072 27 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 74 76 15 73 Other expenses 661 57 Total 1, Nov. 1. on loans: $19,643.41 at 53^%; $53,772.90 at 6%; $800.00 at 7%. $3,053 57 NORWOOD — PLIMPTON CREDIT UNION Incorporated August 19, 1927. Began business September Frank G. Woods, President 1, 1927 Jane C. Williams, Treasurer Mary E Pratt, Clerk of Corporation A P. Allen*, Daniel Donovanf, J. J. Fitzgerald, Mary C. Ide, Mary E. Pratt, Alice S. Rochet, Charles Schaeffer, J. W. Tottenf, Richard Whitaker* Jane C. Williams*, F. G. Woods. Board of Directors: Meetings held at Lenox Street. * Credit Committee. t Auditing Committee. P.D. 112 STATEMENT OF CONDITION, DECEMBER 8, Part IV. 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 1st mortgages Co-operative bank shares Deposits in savings banks Deposits subject to check $2,822 40 1,509 25 3 86 13,559 60 1,306 86 614 21 . . . ..... Shares Deposits $5,945 50 12,034 09 . Guaranty fund Undivided earnings Net current income 540 48 1,168 24 127 87 . ) . $19,816 18 $19,816 18 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 23 22 290 43 . Rate ..... ...... Total Expenses for Year 25 cents Salaries Deposits Rent Number 246 of depositors of interest paid during year Interest payable Apr. 30, Oct. 31. 3^% Rate 6% of dividend, Nov., 1930 Other expenses . . . . $85 31 Total Rate of interest $85 31 on loans: $4,335.51 at 6%. PEABODY — POPULAR CREDIT UNION Incorporated November 15, 1926. Began business November David Rosenfelt, President 1926 16, Joseph Altshuler, Treasurer David H. Herman, Clerk of Corporation Board of Directors: Joseph Altshuler*, D. H. Herman, Louis Kasterf, Israel Ossoff*, David Rosenfelt*, Philip Rosenfield, Benjamin Salata, Barnet Smidtt, Israel Spatrick, Benjamin Tevrovskyf, Louis Waisberg. Meetings held at 23 Main Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Cash on hand Overs and shorts Expense, less current Liabilities $13,417 00 4,807 00 1,000 00 226 57 50 35 27 . . . 31, 1930 . income Shares Deposits ..... ..... Guaranty fund Undivided earnings Other liabilities Bills payable .... . $19,486 34 $19,486 34 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member none $16,742 91 163 50 1,137 62 6 81 435 50 1,000 00 Rate of dividend, Nov., 1930 5^% 4 . 227 138 $1 00 . Rent Deposits Number 32 of depositors of interest paid during year Interest payable 1, Nov. 1. Rate ...... Total Expenses for Year Salaries . . . . Other expenses . $595 00 112 00 216 70 none May Rate of interest $923 70 Total on loans: $18,224.00 at 6%. PITTSFIELD— BERKSHIRE CREDIT UNION Incorporated August 10, 1927. Began business August 16, 1927 Jacob Klein, Treasurer Samuel Kruss, President John B. Skoletsky, Clerk of Corporation Board of Directors: Nathan Bass, Nathan Bookless*, Jacob Klein, Samuel Kruss, I. H. Michelsonf, Nathan Shapirot, Jacob Skoletskyf, J. B. Skoletsky*, Harry Smith*, M. A. Smith* Joseph Sukel*. Meetings held at Alliance Building, Robbins Avenue. STATEMENT OF CONDITION, DECEMBER Personal loans: Unsecured Secured Deposits in savings banks Cash on hand 31, 1930 Liabilities Assets $9,375 00 2,080 50 564 24 23 62 . . Shares Guaranty fund Undivided earnings Net current income Committee. 7 20 250 33 $12,043 36 $12,043 36 * Credit $11,211 50 574 33 t Auditing Committee. P.D. 8, 113 Part IV. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 2 5 . 44 37 00 Dividends Rate of dividend, May, 1930 Nov., 1930 4% 3H% Total Expenses for Year Other expenses $101 00 100 00 44 16 Total $245 16 Salaries Rent Rate PITTSFIELD on loans; $11,455.50 at 6%. of interest — PITTSFIELD POSTAL EMPLOYEES' CREDIT UNION Incorporated February 24, 1928. William J. Began business March 1928 15, Meehan, President Justin T. Troy, Treasurer Arthur E. Magner, Clerk of Corporation Board of Directors: H. C. Brennan*. H. F. Campbell*, Thomas Doyle, H. M. Kennedyt, G. P. L'Hommet, A. E. Magnerf, W. J. Meehan*, Edward Powers, Chester Schaffer, J. T. Troy, R. G. Tubert. Meetings held at Post Office Building. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Liabilities 50 804 50 231 17 167 36 J.125 . . Shares $4,077 68 Guaranty fund Undivided earnings Net current income 86 22 112 79 51 84 $4,328 53 $4,328 53 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate of dividend, Nov., 1930 1 . 4% 4% May, 1930 72 Total Expenses for Year 51 25 cents $35 00 Salaries Rent 29 14 Other expenses $64 14 Total Rate of interest on loans: $3,930.00 at 6%. PLYMOUTH — PLYMOUTH CORDAGE CREDIT UNION November Incorporated Henry 13, 1928. Began business November 22, 1928 Lewis R. Lawday, Treasurer L. Stegmaier, President Helen E. Bailey, Clerk of Corporation Board of Directors: Helen E. Bailey, R. S. Baileyt, John Cadose, T. F. Cavanaugh*. R. T. Eldridgef, C. B. Hudson, Leo Jaeger*, L. R. Lawday, L. L. Lowe, Alice A. Ortolani, Pietro Querze, K. D. Roberts, J. A. Smithf, H. L. Stegmaier, P. W. Viets*, M. S. Wager*, Sarah A. Wallen*. Meetings held at Court Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities $10,885 90 1,500 00 16,148 60 1,114 20 . . ..... ..... Shares Deposits $26,107 2,250 431 665 186 Guaranty fund Undivided earnings Net current income Other liabilities . . $29,648 70 Dividends 1930 Membership 158 50 . Rate 458 171 . Rent Number Interest payable Jan. 1, 194 Other expenses . . . . $464 00 — 156 04 $620 04 Total 1. Rate * Credit . 4% year July ...... Total Expenses for Year 25 cents Deposits Rate 6% of dividend, Nov., Salaries of depositors of interest paid during 80 99 6 00 $29,648 70 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 94 62 35 of interest Committee. on loa ns: $12,385.90 at 6%. t Auditing Committee. 114 P.D. REVERE — ASSOCIATES Incorporated October 26, 1926. Louis S. Price, 8, Part IV. CREDIT UNION Began business November 22, 1926 Bernard W. Berkowitch, Treasurer President Max J. Goldstein, Clerk of Corporation Board of Directors: Abraham Belinfante, B. W. Berkowitch, Meyer Fox*, William Foxf, Benjamin Gerson*, Henry Goldstein*, M. J. Goldstein, Samuel Michaelsonf, L. S. Price, Nathan Samuelf, Louis Siegel. Meetings held at 86 Shirley Avenue. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Personal loans: Unsecured Secured $14,408 14,048 3,330 3,155 Real estate loans: 2nd mortgages Deposits subject to check Cash on hand Other assets .... .... . Shares Guaranty fund Reserve fund Undivided earnings Net current income 32 20 00 990 39 356 10 Furniture and fixtures ..... 18 48 00 Other $33,620 68 2,231 40 197 32 54 37 198 20 6 50 .... . . liabilities $36,308 47 $36,308 47 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 60 79 335 186 $1 00 . 4% Rate of dividend, May, 1930 Nov., 1930 1H% . ..... ..... Total Expenses for Year Salaries Rent $1,323 00 591 30 605 04 Other expenses Total Rate of interest . $2,519 34 . on loans: $28,456.66 at 8%; $3,330.00 at 10%. REVERE — REVERE CREDIT UNION Incorporated February 9, 1912. Began business February 15, 1912 Samuel Ruby, President Charles Aaron A. Harris, Clerk Gilfix, Treasurer of Corporation Board of Directors: M. M. Aisner*, Bernard Appel, S. J. Aronson*, Albert De Graotf, Soloman Finkelstein, Charles Gilfix, L. B. Glixman, H. K. Halikman, A. A. Harrisf, Phineas Levi*, Samuel Ruby, Maurice Silbermann, M. H. Simonf, W. E. Tappan, W. D. Wheeler Meetings held at 10 Orr Square. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 1st $45,207 35,672 83,476 63,637 mortgages 2nd mortgages Bonds 83 70 Shares Deposits 17 Guaranty fund 34 Undivided earnings Net current income Dividends payable 850 00 Deposits in savings banks Deposits subject to check Cash on hand Rea,l estate by 6,599 99 5,743 30 $204,729 54,225 21,955 231 667 10,107 . foreclosure 03 $291,917 37 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 146 108 1,026 403 . Rate Rent Number 144 Rate 5% of depositors of interest paid during year Interest payable Feb. 1, 1, Aug. ...... ...... .... Total Expenses for Year 50 cents Deposits 5% of dividend, Ndv., 1930 Salaries of interest 13 81 150 00 50,580 04 . $291,917 37 Rate 95 97 48 Other expenses $3,550 00 613 25 861 43 Total $5,024 68 May 1, Nov. 1. on loans: $102,468.85 at 6%; $56,607.85 at 7%; $18,714.71 at 8%; $50,202.63 at 10% REVERE — SALES HOUSE CREDIT UNION Incorporated April 30, 1927. Began business May 4, Peter E. McCauley, President John J. 1927 Daniel J. Collins, Treasurer Strong, Clerk of Corporation Board of Directors: D. J. Collins, J. J. Guilfoylef, W. T. Keating, J. H. Lewis*, J. J. Lynam*, T. J. Mahoney*, Corinne McCauley, P. E. McCauley, S. M. Mullenf, W. R. Nicholls, James Splaine, J. J. Strongf. Meetings held at 4 Unity Avenue, Beachmont. * Credit Committee. t Auditing Committee. P.D. 8, 115 Part IV. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities ... . . . . . . . . $15,060 768 725 843 50 50 60 52 ...... ..... .... .... Shares Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities . - . . $17,398 12 $17,398 12 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . Rate . 92 38 248 156 . 50 cents Rent . . . . $14,880 34 673 27 193 00 1,038 80 505 71 107 00 of dividend, Dividends Nov., 1930 7% ...... ...... .... Total Expenses for Year Salaries $725 00 201 93 184 31 Other expenses Rate of interest Total on loans: $15,829.00 at 8%. L.lll 24 ROCKLAND — ROCKLAND CREDIT UNION Incorporated January 23, 1922. Abraham Began business April 8, 1922 Albert Lelyveld, President Albert W. Ames, W. Ames, Treasurer Clerk of Corporation Board of Directors : A. W. Ames, E. O. Bemisf, L. E. Blanchardf, Thomas Dorsey, F. C. Hall*, Emil Kelstrand, Abraham Lelyveld, J. B. Mahar, W. H. Mainf, Mathew O'Grady, J. R. Parker, R. S. Poole*, H. C. Reed, Harry F. Tracy*, Louis Verdone. Meetings held at 342 Union Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured $23,043 29 1,416 25 560 00 1,615 96 1,065 79 Real estate loans: 2nd mortgages Co-operative bank shares Deposits subject to check Cash on hand .... . . 6 05 Shares Deposits $14,137 59 7,552 31 . Guaranty fund Reserve fund 1,633 30 1,221 58 2,689 42 Undivided earnings Net current income Other liabilities 472 39 75 $27,707 34 $27,707 34 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . . . . . 77 22 . . of depositors of interest paid during Interest payable Feb. 1, year May 1, Aug. Rate Other expenses 6% . 1, $574 00 117 40 182 12 Rent 79 6% Total Expenses for Year Salaries ... Number of dividend, Nov., 1930 450 238 25 cents . Deposits Rate Rate Nov. Total 1. of interest $873 52 . on loans: $25,019.54 at 8%. SALEM — DERBY CREDIT UNION Incorporated September Edward Urbanowicz, 6, 1929. Began business November Alphonse Board of Directors: A. S. STATEMENT OF CONDITION, DECEMBER Assets Cash on hand . . 1929 Bachorowski, Clerk of Corporation Bachorowski, F. I. Bachorowski, R. S. Brudzynski*, J. Charles Lisaj, Boleslaw Suwinski*, Anthony Szygula*, Edward Urbanowicz, Zmijewskif. Meetings held at 226 Derby Street. S. Personal loans: Unsecured Deposits in savings banks Deposits subject to check 1, John M. Zarembski, Treasurer President J. Collinsf, J. A. Zarembski, J. M. Kuczunf, Alexander 31, 1930 Liabilities $1,546 00 74 63 279 72 300 00 . Shares Deposits . Guaranty fund Undivided earnings Net current income Other liabilities $2,200 35 * Credit Committee. $1,448 00 661 96 1 75 57 09 31 05 50 $2,200 35 t Auditing Committee. P.D. 116 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 26 none 38 . 8, Part IV. Dividends Rate of dividend, none paid 15 25 cents Total Expenses for Year Salaries Rent Deposits Number of depositors Rate of interest paid during year Interest payable Jan. 15, July t 15. 6 Other expenses $124 07 none Rate of interest Total on loans: $1,546.00 at 8%. $124 07 SALEM — HYGRADE CREDIT UNION Incorporated February 14, 1921. Joseph Began business February 14, Jackman, President J. 1921 Philip P. Borden, Treasurer Robert B. Buxton, Clerk of Corporation Board of Directors: P. P. Borden, Margaret Bradstreet*, R. B. Buxtonf, C. G. Corse, C. F. Home*, J. J. Jackman*, Margarita A. Johnson, H. G. Kimballf, Mary C. Kumph, G. W. Mannf, Margaret M. Powell, R. C. Tirrell. Meetings held at 60 Boston Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities $3,619 28 7,593 11 1,500 00 Personal loans: Unsecured Secured Real estate loans: mortgages 2nd mortgages 1st 850 00 00 00 00 Bonds 12,465 5,000 2,500 2,168 Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand Shares Deposits Guaranty fund Undivided earnings Net current income Other liabilities $35,972 04 $35,972 04 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 323 180 464 192 . Dividends 1930 Rate of dividend, Nov., . . 448 . 5% — JEWISH COMMUNITY CREDIT UNION Incorporated June 25, 1921. J. $216 79 Other expenses $216 79 Total May 1, Nov.l. on loans: $261.00 at 3%; $478.00 at 4%; $1,169.61 at 5%; $11,653.78 at 6%. SALEM Abraham . Rent Deposits of depositors Rate of interest paid during year Interest payable Feb. 1, 1, Aug. of interest 5% Total Expenses for Year 25 cents Salaries Rate 14 66 37 290 87 11 50 01 35 00 241 64 . Other assets Number 50 $4,221 27,552 1,488 2,407 . Began business July 18, 1921 Solomon H. Freedberg, Treasurer Aronson, President Arthur H. Freedberg, Clerk of Corporation Jacob Adler*, A. J. Aronson, Jacob Epstein, Joseph Firemanf, A. H. Freedberg, S. H. Freedberg, Samuel Galper*, Jacob Heller*, S. J. Kerrf, David Linskyf, Jacob Loss, Israel Michaelson, William Shenker. Meetings held at 2593^ Essex Street. Board of Directors: STATEMENT OF CONDITION, DECEMBER Personal loans: Unsecured Secured Deposits subject to check Cash on hand 31, 1930 Liabilities Assets $15,599 66 1,632 08 .... 808 00 643 01 . ..... Shares Guaranty fund Undivided earnings Net current income Other liabilities . . $17,184 974 303 217 2 20 75 43 87 50 $18,682 75 $18,682 75 Dividends Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 31 23 212 102 25 cents Rate of dividend, Nov., 1930 Total Expenses for Year Salaries Rent ... ..... . Other expenses Total Rate ( )f interest * Credit Committee, on 6% loa ns: . .... $17,231.74 at 6%. t Auditing Committee. $520 00 93 00 108 87 $721 87 P.D. 8, Part IV. 117 — ST. SALEM Incorporated June JOSEPH CREDIT UNION 1926. 1, Began business June 1926 4, Napoleon Levesque, President Paul N. Chaput, Treasurer Julienne E. Vanasse, Clerk of Corporation J. L. Blanchette, P. N. Chaput, J. H. Chouinardf, Victor Corbin, Ubald De Grandpre, Alfred Deschesnes*, Elisha Dionnef, A. J. Foisyf, Zenaide Larrivee, Moise Lavoie, A. J. Ledoux, Napoleon Levesque, Elphege L'Heureux, Arthur Marchand*, Napoleon Ouellette, Octave Ouellette, Gedeon Pelletier, Phileas Peltier, Albertine Vanasse, Julienne E. Vanasse. Board of Directors: Alfred Audet*, Meetings held at 120 Lafayette Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Persona! loans: Unsecured Secured $29,647 385 2,000 34,322 4,265 119 100 . 25 00 07 78 43 00 1,957 78 mortgages 2nd mortgages Deposits in savings banks Deposits subject to check Cash on hand Real estate by foreclosure Real estate loans: 1st .... . . . . 39 . Shares Deposits ..... ... Guaranty fund Undivided earnings Net current income Other liabilities . . . . Membership Dividends 195 122 538 251 . Rate Nov., 1930 ..... ..... Rent 165 of depositors Rate of interest paid during year Interest payable Mar. 1, June 1, Sept. Rate 5V2 % 1, of interest Dec. 69 51 46 212 69 27 45 sy2 % BV2% Total Expenses for Year Salaries Number May, 1930 of dividend, 25 cents Deposits 90 $72,797 70 $72,797 70 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member $17,518 46,334 2,420 6,283 Other expenses Total 1. .... $948 00 195 00 431 12 $1,574 12 on loans: $2,000.00 at 6%; $64,354.71 at 8%. SALEM — SALEM CREDIT UNION Incorporated Max May 16, 1913. Began business May 16, 1913 Samuel Tarlow, Treasurer Levine, President Hyman S. Polansky, Clerk of Corporation Board of Directors: Kusiel Kaplanf, Louis Levenson*, Max Levine, Louis Linskyf, Morris Lipshutz, H. Polansky, I. S. Porter*, Nathan Tarlow, Samuel Tarlow, Samuel Zetlanf, Samuel Zoll*. S. Meetings held at 254 Essex Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Expense less current income $16,869 05 . 1,773 20 1,049 73 " . . 209 30 204 65 . Shares Deposits $3,062 00 14,644 77 2,000 00 397 16 2 00 . Guaranty fund Undivided earnings Other liabilities $20,105 93 $20,105 93 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 28 Rate of dividend, Nov., 1930 236 110 Total Expenses for Year 50 cents $520 00 84 00 Salaries Rent Deposits Number of depositors Rate of interest paid during Interest payable Feb. 15, 227 15, Aug. Rate 15, Nov. of interest SOMERVILLE Incorporated Other expenses 129 31 6% year May 7% 12 . 15. Total on loans: $18,642.25 at 6%. — SOMERSET November 19, 1930. CREDIT UNION Began business December A. F. Bianchi, President Joseph $733 31 S. Calese, Clerk of 2, 1930 Louis Diegoli, Treasurer Corporation Board of Directors: A. F. Bianchi, J. J. Borgatti, J. S. Calese, Carmine Carbonet, Carlo De Martino*, Louis Diegoli, Primo Diozzi*, Frank Frangioni, Andrew Gibertif, Arthur Govoni, Nerino Guazzaloca*, O. P. Guazzalocaf, G. L. Sassi, B. W. Sena. (One vacancy.) Meetings held at 615 Somerville Avenue. * Credit Committee. t Auditing Committee. 118 P.D. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Deposits in savings banks Deposits subject to check 8, Part IV. 31, 1930 Liabilities $49 00 Shares Deposits 3 11 117 89 . . $157 25 2 00 3 00 7 75 . Net current income Other liabilities $170 00 $170 00 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 34 of dividend, none paid none . 34 1 25 cents Total Expenses for Year Salaries Rent Deposits Number Rate of depositors of interest paid during year Interest payable Jan. 1, July Other expenses 1 none Total 1. Rate of interest on loans: $49.00 at 6%. SPRINGFIELD — AMERICAN BOSCH CREDIT UNION Incorporated July 3, Began business August 1929. 1, 1929 Frank E. Watts, President Walter Frank A. Lindquist, Clerk S. Flathers, Treasurer of Corporation Board of Directors: J. H. Buckley*, W. S. Flathers, A. B. Howe*, F. A. Lindquist, C. E. MacDonnellf, W. A. MacMartin*, J. F. Martinf, Ernest Mielow, George Stonef, F. E. Watts, L. C. Young. Meetings held at 3664 Main Street. STATEMENT OF CONDITION, DECEMBER Assets Liabilities $4,232 48 778 50 2,000 00 Personal loans: Unsecured Secured Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand 31, 1930 . 2,472 67 62 11 .... . . ..... Shares Guaranty fund Undivided earnings Net current income Other 258 96 298 26 72 64 1 25 . liabilities 319 85 $9,865 61 $9,865 61 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 144 130 291 134 . 25 cents # Rate SPRINGFIELD $9,234 50 . of interest — BAY Rate 3% 3% May, 1930 of dividend, Nov., 1930 ..... ..... Total Expenses for Year Other expenses — $116 93 Total $116 93 Salaries Rent on loans: $5,010.98 at 6%. STATE THREAD WORKS CREDIT UNION Incorporated February 14, 1928. Began business February 25, 1928. George A. Barker, Treasurer Louis A. Noel, President George A. Barker, Clerk of Corporation Board of Directors: G. A. Barker, Albertina E. Bostrom*, Dora V. Brunelle*, J. H. Bullock, C. E. Chaffin, Margaret T. Cleavesf, L. C. Deanet, J. E. Dickinson*, O. L. Hupfer, Edna C. Merrillf, L. A. Noel. Meetings held at 15 Mill Street. STATEMENT OF CONDITION, DECEMBER Assets Liabilities $1,694 50 Personal loans: Unsecured Secured Cash on hand 31, 1930 324 00 263 47 . Shares $1,899 Guaranty fund Undivided earnings Net current income Other liabilities $2,281 97 $2,281 97 * Credit Committee. 10' 93 97 250 49 37 91 50 t Auditing Committee. P.D. 8, 119 Part IV. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 15 19 79 . 40 25 cents Dividends Rate of dividend, May, 1930 Nov., 1930 3% 3% Total Expenses for Year Salaries Rent Rate SPRINGFIELD Other expenses $24 55 Total $24 55 on loans: $2,018.50 at 6%. of interest — THE CHAPMAN VALVE Incorporated February 6, CREDIT UNION Began business February 1928. George W. Hayes, President 15, 1928 Edward E. Armstrong, Treasurer Catherine C. Fogarty, Clerk of Corporation Board of Directors: E. E. Armstrong, W. E. Bellf, A. N. Cochran, Catherine C. Fogarty, L. C. Haswellt, G. W. Hayes, J. E. Jones, Frank Kendallf, John Knudson, William Shaw*, Warren Westcott, A. F. Winton*. H. F. Wood.* Meetings held at Essex Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans, 2nd mortgages Deposits in savings banks Deposits subject to check Furniture and fixtures $21,909 2,770 899 2,688 871 100 . . 15 Shares 33 Guaranty fund 00 Undivided earnings Net current income Other liabilities 32 67 $26,869 55 668 74 1,185 87 387 31 127 00 00 $29,238 47 $29,238 47 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 158 48 601 . 406 25 cents Rate of interest Rate of dividend, Nov., 1930 8% Total Expenses for Year Salaries Rent Other expenses $422 79 Total $422 79 on loans: $25,578.48 at 6%. SPRINGFIELD — CHENEY BIGELOW CREDIT UNION Incorporated July Albert J. Jefferson, 3, 1929. Began business September 3, 1929 Roger G. Edwards, Treasurer President Roger G. Edwards, Clerk of Corporation Board of Directors: Anna T. Brady, W. E. Cabblet, R. G. Edwards, F. E. Fountain*, R. E. Freeman*, Louise Hourihan, A. J. Jefferson, A. H. Macdonald,* W. J. Mayherf, A. L. Spittal, J. G. Westf. Meetings held at 417 Liberty Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Liabilities $1,668 25 94 00 676 98 . Shares J.270 41 Guaranty fund Undivided earnings Net current income Other 50 79 78 80 38 98 25 liabilities $2,439 23 $2,439 23 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 8 18 71 29 . 25 cents Rate of dividend, May, 1930 Nov., 1930 3% 3% Total Expenses for Year Salaries Rent Rate of interest * Credit Committee. Other expenses $28 49 Total $28 49 on loans: $1,762.25 at 6%. t Auditing Committee. 120 SPRINGFIELD Incorporated January P.D. — DWIGHT 6, Part IV. CREDIT UNION Began business January 1927. 8, 10, 1927 Hyman Rothman, Samuel Petluck, President David Schwartz, Treasurer Clerk of Corporation Board of Directors: William Chernok, Aaron Halpern, Abraham Kaplan*, Isadore Kaplan*, Louis Petluck*, Samuel Petluck, George Potternf, Benjamin Rosenf, Hyman Rothman, David Schwartz*, Harry Shapirot, Nathan Walansky*, Bernard Webb. Meetings held at 1304 Dwight Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check 31, 1930 Liabilities $8,065 00 739 00 $8,555 27 20 647 519 101 00 80 08 45 15 00 % Guaranty fund 1,054 60 . ..... Shares Deposits Undivided earnings Net current income Other liabilities . . . . $9,858 60 $9,858 60 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 7 none 46 36 $5 00 . ...... ...... Total Expenses for Year Salaries Rent Deposits Number 2 Rate 3% of depositors of interest paid during year Interest payable 1, Nov. 1. May Rate SPRINGFIELD of interest 8, Other expenses . $125 00 100 00 34 76 $259 76 Total on loans: $8,804.00 at 6%. — HEBREW Incorporated April 8% of dividend, Nov., 1930 BENEVOLENT CREDIT UNION Began business 1927. May 1, Harry M. Cohen, President 1927 Rubin M. Burstein, Treasurer Emanuel Reisman, Clerk of Corporation Board of Directors: R. M. Burstein, H. M. Cohen, Hyman Faiman*, Oscar Friedmant, Joseph Kaufman, Raymond Klibanofff, Emanuel Reisman*, Max Rosen, Harry Saltzmant, Barney Shaker*, Abraham Silver. Meetings held at 1162 Dwight Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities $7,689 11,225 1,000 5,640 . . 91 64 00 29 • ..... ..... Shares Deposits Guaranty fund Undivided earnings Net current income $22,305 00 653 46 870 57 . 1,524 38 . 202 43 $25,555 84 $25,555 84 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 30 26 78 73 . Rate of dividend, Nov., 1930 Salaries Rent Number Rate Interest payable Rate 30 of depositors of interest paid during year of interest May 1, Nov. . ...... ...... Total Expenses for Year 50 cents Deposits 4% 4% May, 1930 Other expenses . . . . $250 00 75 00 107 03 6% $432 03 Total 1. on loans: $6,091.50 at 5%; $1,378.50 at 6%; $5,021.30 at 7%; $5,920.25 at 8%; $504.00 at 9%. SPRINGFIELD — JEWISH WORKERS Incorporated November 13, 1925. CREDIT UNION Began business November 13, 1925 Abraham Julius Margolis, President Max B. Penn, Treasurer Skvirsky, Clerk of Corporation Board of Directors: Charles Broad*, Samuel Dietz, Isaac Fieldman, Samuel Fieldmant, N. M. Harvey, Charles Kalman, Abraham Leiberman*, Julius Margolis, Abraham Melnick*, A. B. Penn, Sol Radosf, Isaac Silvermanf, Max Skvirsky. Meetings held at 716 Dwight Street. * Credit Committee. t Auditing Committee. P.D. 8, Part IV. 121 STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Liabilities . . . . . . . • . . . 02 00 00 $44,268 2,634 2,000 1,148 51 Shares $44,539 4,693 195 617 4 Guaranty fund Undivided earnings Net current income Other liabilities $50,050 53 91 63 37 00 $50,050 53 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 19 . . none 262 . 158 25 cents . . Rate of dividend, 4% 4% May, 1930 Nov., 1930 Total Expenses for Year Salaries $1,320 00 . Rent 250 00 376 80 Other expenses Total Rate SPRINGFIELD 62 of interest — ROLLS-ROYCE Incorporated February Robert N. Aldrich, President Emma $1,946 80 on loans: $46,902.02 at 6%. 14, 1928. EMPLOYEES' CREDIT UNION Began business March 1, 1928 William C. Mumford, Treasurer F. Everett, Clerk of Corporation Board of Directors: R. N. Aldrich, Jules Beele*, J. R. Burnsf, John Elston, Emma F. Everett, Walter Hardy, D. S. Hitchcock, L. P. Jacquest, Ernest Meese, W. C. Mumford, Peter Raymond*, Edward Robson*, Trevor Spencer, J. E. Tongue, J. P. Wilsonf. Meetings held at Rolls-Royce Plant. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures Liabilities $641 541 297 184 73 . . 10 Shares 00 80 76 00 Guaranty fund $618 300 641 164 Reserve fund Undivided earnings Net current income Other liabilities 40 80 10 12 10 99 2 25 $1,737 66 $1,737 66 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 21 Rate 97 . of dividend, Nov., 1930. 56 39 25 cents Special 25% dividend from surplus Total Expenses for Year $120 00 Salaries Rent 62 90 Other expenses $182 90 Total Rate SPRINGFIELD of interest on loans: — SPRINGFIELD Incorporated April il,182.10at 6%. FRANCO-AMERICAN CREDIT UNION 15, 1930. Began business May 23, 1930 Arthur G. Garant, Treasurer George A. Lanciaux, President Arthur G. Garant, Clerk of Corporation J. O. Brouillet*, A. J. Champigny, W. J. Cormierf, R. J. Desrosiers*, M. O. Freniere, A. G. Garant, Isadore D. Gauthier, T. J. Grangerf, R. C. Hebert, G. A. Lanciaux*, Hermenegilde Lefebvre, I. N. Methe*. V. A. Methe*. G. L, Pomerleauf, L. J. Ricard. Board of Directors: Meetings held at 75 Howard Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Deposits subject to check . 31, 1930 Liabilities $1,079 00 219 23 Shares Guaranty fund Undivided earnings Net current income Other liabilities 95 34 13 128 00 $1,298 23 $1,298 23 * Credit Committee. $1,075 15 60 00 t Auditing Committee. 122 P.D. Membership 8, Part IV. Dividends Rate of dividend, none paid Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . Total Expenses for Year 15 $1 00 Rate SPRINGFIELD of interest Salaries Rent Other expenses $51 54 Total $51 54 on loans: $1,079.00 at 6%. SPRINGFIELD, MASS., MUNICIPAL EMPLOYEES' CREDIT UNION Incorporated William J. March 2, 1927. Began business March 23, Ruscoe, President 1927 Albert E. Cardinal, Treasurer Albert E. Cardinal, Clerk of Corporation Board of Directors: R. L. Beachf, A. P. Blaine*, Neil Bryson, A. E. Cardinal, B. E. Cardinal*, F. L. Cavanaught, P. E. Cocchi, J. G. McGrady, H. W. Meagher*, M. J. Ouellett, R. J. Patingret, F. J. Roberts, W. J. Ruscoe*, Julius Ryan, F. W. Stagnaro*. Meetings held at 1694 Main Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 1st mortgages 2nd mortgages Deposits in savings banks Deposits subject to check .... . . Cash on hand Furniture and fixtures $170,555 30 14,500 00 13,647 00 3,069 00 7,273 09 2,829 03 100 00 2,667 84 Shares $198,913 11 6,916 00 1,911 83 1,819 32 81 00 5,000 00 Guaranty fund Undivided earnings Net current income Other liabilities Bills payable $214,641 26 $214,641 26 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 555 75 . 2,019 1,503 $1 00 Rate of dividend, Nov., 1930 Total Expenses for Year Salaries 5,705 Rent Total SPRINGFIELD of interest $7,613 91 on loans: $201,771.30 at 6%. — SPRINGFIELD, MASS., POST OFFICE EMPLOYEES CREDIT UNION Incorporated April 27, 1923. Began business May Frank W. Vinnicombe, Clerk W. J. F. 1, 1923 Frank W. Vinnicombe, Treasurer Herbert C. Humason, President Board of Directors: E. 00 125 00 783 91 Other expenses Rate 4% 4% May, 1930 of Corporation Bascomt, J. H. Callahan*, T. G. Crowley*, J. B. Hare*, C. J. Hauck*, H. C. Humason, J. F. Manning, G. F. McNulty*. F. W. Vinnicombe, A. H. Wiltsief. Hurleyt, Meetings held at 1592 Main Street. STATEMENT OF CONDITION, DECEMBER Personal loans: Unsecured Secured Real estate loans: iBt mortgages 2nd mortgages Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand Furniture and 31, 1930 Liabilities Assets $22,685 10,172 2,600 4,925 7,320 2,862 81 Shares 68 00 20 00 20 Guaranty fund Undivided earnings Net current income Other liabilities $50,580 2,220 41 826 95 15 86 55 02 50 1,123 19 50 00 25 00 2,000 00 . fixtures Certificate of deposit $53,764 08 $53,764 08 * Credit Committee. t Auditing Committee. P.D. 8, 123 Part IV. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Dividends Rate of dividend, May, 1930 Nov., 1930 22 14 . 3 6 /io% 3«/io% 282 177 $1 00 Total Expenses for Year $200 00 Salaries Rent 212 95 Other expenses Rate of interest Total on loans: $2,600.00 at 53^%; $32,858.49 at 6%; $4,925.20 at 8%. — SPRINGFIELD SPRINGFIELD November Incorporated Edward A. STREET RAILWAY EMPLOYEES CREDIT UNION 6, Began business November 1926. Board of Directors: Frank Carlo, La Brecquef, E. 10, 1926 Martin Raleigh, President William J. W. F. Leary, J. $412 95 J. J. Hennessey, Treasurer Milette, Clerk of Corporation P. Coughlin, Leonardt, D. A. Douganf, Meaney*, W. J. J. J. J. A. Hegarty*, M. J. Hennessey*, W. F. Milette, E. A. Raleigh, F. J. White. Meetings held at 1694 Main Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans: $30,814 5,056 7,500 14,625 2,000 9,000 00 00 00 00 00 1,933 03 mortgages 2nd mortgages 1st Co-operative bank shares Deposits in savings banks Deposits subject to check Shares Deposits 72 . . . ..... . . . . Guaranty fund Undivided earnings Net current income . Other . . . liabilities . " . . $58,703 4,309 2,226 4,929 752 7 84 23 68 49 51 00 $70,928 75 $70,928 75 V Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 132 125 . Rate of dividend, Nov., 1930 494 328 ..... ..... 50 cents Total Expenses for Year Salaries Rent Deposits Number of depositors of interest paid during year Interest payable May 1, Nov. 1. 76 Rate of interest Other expenses 5% Rate 8% .... Total on loans: $40,670.72 at 6%; $16,530.00 at 8%; $795.00 at 12%. $600 00 120 00 859 08 $1,579 08 SPRINGFIELD — SPRINGFIELD TEACHERS CREDIT UNION Incorporated October 5, Began business November 1929. 18, 1929 James L. Clancey, Treasurer Philip Fox, President James L. Clancey, Clerk of Corporation Board of Directors: Albert Candlin*, Hattie C. Carlson, J. L. Clancey, H. R. Clarkf, Susan C. Dowdf, Philip Fox, J. H. Hill, J. L. McCommons, S. E. McKerleyt, H. T. Perry, Edith B. Robson*. Clara A. Snell, Nellie M. Stockwell, Elizabeth F. Wassum*, Mabel A. Wilson. Meetings held at High School Commerce. of STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Deposits subject to check Cash on hand Liabilities L,128 00 621 21 7 67 , . L.706 76 Shares 30 95 6 26 11 66 1 25 Guaranty fund Undivided earnings Net current income Other liabilities $1,756 88 $1,756 88 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 47 Rate of dividend, Nov., 1930 2 . May, 1930 2H% 2M% 74 Total Expenses for Year 16 25 cents Salaries ' Rent $12 39 Other expenses Rate of interest * Credit Committee. $12 39 Total on loans: $1,128.00 at 6%. f Auditing Committee. 124 P.D. SPRINGFIELD— TEMPLE CREDIT UNION May Incorporated 23, 1929. Began business June 1, Part IV. 1929 Frank W. Vinnicombe, Treasurer Herbert A. Holland, President Frank W. Vinnicombe, Clerk W. 8, of Corporation Dagg* P. H. Denverf, F. E. Goodwin, H. A. Holland*, P. F. Kronenberg*, E. E. Lund*, G. A. Nickersonf, E. J. Norman, W. H. Root*, F. W. Vinnicombe. Board of Directors: G. Crossf, H. J. Meetings held at 627 State Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits subject to check 31, 1930 Liabilities 78 318 85 363 02 . ..... ..... Shares Deposits !,253 Guaranty fund Undivided earnings Net current income Other . . liabilities $2,935 65 $2,935 65 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 28 of dividend, May, 1930 Nov., 1930 6 71 32 . $2,695 42 73 00 118 17 72 40 69 7 65 2H% 2M% Total Expenses for Year $1 00 Salaries Rent Deposits Number Rate of depositors 6 of interest paid during none Total on loans: $2,572.63 at 6%. year Rate ELECTRIC LIGHT COMPANY EMPLOYEES' CREDIT UNION Incorporated August W. $45 57 of interest — UNITED SPRINGFIELD George $45 57 Other expenses 2, Began business September 1923. 21, 1923 Willard D. Fessenden, Treasurer Swift, President Willard D. Fessenden, Clerk of Corporation Board of Directors: C. A. Cignoli*, V. W. Cignoli*, R. N. Conlev, W. D. Fessenden, James Gray, Alice M. Lombard*, J. P. McKearinf, R. W. Mitchellt, H. L. Rich, G. W. Swift, J. P. Wayf. Meetings held at 73 State Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 1st $31,458 10,615 10,000 3,228 2,000 1,625 12 mortgages 2nd mortgages savings banks Deposits in Deposits subject to check Other assets .... . . 72 Shares 75 00 37 00 Guaranty fund 91 64 $54,300 50 1,661 47 1,717 10 245 94 16 38 1,000 00 Undivided earnings Net current income Other liabilities Bills payable $58,941 39 $58,941 39 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 48 SPRINGFIELD of interest of dividend, Nov., 1930 17 . Rate Rate Total Expenses for Year 307 211 none $265 00 Salaries Rent • . Other expenses 235 30 Total $500 30 on loans: $10,000.00 at 53^%; $45,302.84 at 6%. WESTERN MASSACHUSETTS TELEPHONE WORKERS CREDIT UNION Incorporated July 20, 1922. Maurice Began business August 1, 1922 R. Leonard Wing, Treasurer S. Blaisdell, President John H. Armstrong, Clerk of Corporation Board of Directors: J. H. Armstrong, M. S. Blaisdell, Eva F. Brysonf, A. L. Butlerf, C. F. Donahoe, P. F. Follett, Eleanor F. Healy, E. S. Henderson, C. F. Hepburnf, Nellie Leete, Catherine M. McQuade*, H. E. Oakes* Helen O'Donnell, Mary O'Donnell, Clara E. Pepper, Margaret J. Reid, H. C. Shaw, E. T. Sheridan, C. S. Stebbins*, Theresa E. Tierney, R. L. Wing. Meetings held at 283 Worthington Street. * Credit Committee. t Auditing Committee. P.D. 8, 125 Part IV. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Real estate loans: Liabilities . . . . . mortgages 2nd mortgages 1st $83,492 73,066 16,987 3,575 15,050 12,000 272 4,302 . Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand Furniture and fixtures . . . . . . . . . . . . 64 Guaranty fund 00 00 00 09 99 1.111 25 890 86 . Bonds 591,471 05 75 43 Shares Deposits 82,193 10,292 8,584 1,325 3.881 13,000 . Undivided earnings Net current income Other liabilities Bills payable . . . . . 1 . . 1 . 236 199 720 074 Rate Total Expenses for Year 10 cents . 6% of dividend, Nov., 1930 $3,282 00 Salaries Rent Deposits of depositors . of interest paid during year Interest payable Feb. 1, 1, Aug. . 1,679 . Rate 984 66 Other expenses 5% . May of interest 54 00 Dividends Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 40 28 $210,749 01 $210,749 01 Number 89 85 1, Nov. $4,266 66 Total 1. 5H%; on loans: $45,932.97 at 5%; $4,976.64 at 6%; $122,637.21 at $3,575.00 at 7%. TAUNTON — TAUNTON POSTAL EMPLOYEES' CREDIT UNION May Incorporated Edward W. 24, 1928. Began business June 1928 James H. Galvin, Treasurer James H. Galvin, Clerk Board of 18, Burt, President Directors: T. W. of Corporation G. Boyd, E. W. Burt, W. H. Carter, F. W. Dorganf, J. H. Galvin, J. E. McKennaf, Francis Sherry*, M. F. Silva* J. P. Smithf, J. W. StiUman*. J. O'Neill, Meetings held at Post Office. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Deposits subject to check Liabilities . . . . . . . $3,228 02 201 95 699 06 Shares . . Guaranty fund Undivided earnings Net current income Other liabilities .... .... .... . . $3,930 49 80 18 50 68 67 18 50 $4,129 03 $4,129 03 Membership Dividends Number ^dded during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . . 7 . . none Rate of dividend, Nov., 1930 Total Expenses for Year 64 . 25 . 50 cents . Salaries Rent ...... .... . . Other Expenses of interest $25 00 15 47 $40 47 Total Rate 8% on loans: $3,429.97 at 6%. WALPOLE — LEWIS CREDIT UNION Incorporated September 12, 1930. Began business October William F. Goodfellow, President 1, 1930 Mildred L. Burt, Treasurer Elva E. Morse, Clerk of Corporation Board of Directors: A. E. Alden, Mildred L. Burt, W. O. Forssell, W. F. Goodfellow, R. R. Higgins, Ruth Howardf, E. P. Kirouacf, L. A, McLean, Tony Mancini, Elva E. Morse, E. W. Moxonf, Ethel M. Page*, E. H. Parker, J. C. Smith*, J. A. Valentine*. Meetings held at West Street. * Credit Committee. t Auditing Committee. P.D. 126 STATEMENT OF CONDITION, DECEMBER 8, Part IV. 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Deposits subject to check Expense, less current income $995 74 716 24 . 00 00 22 28 Shares Other liabilities $1,787 25 22 25 $1,809 50 $1,809 50 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 2 . Rate none paid of dividend, 86 22 Total Expenses for Year Salaries Rent 25 cents of interest Other expenses $37 36 Total $37 36 on loans: $74.00 at 6%; $995.00 at 12%. WALPOLE — NEPONSET CREDIT UNION Incorporated October Andrew C. Urquhart, 1915. 5, Began business November 1, 1915 Albert President Benjamin R. Taylor, Clerk W. Smith, Treasurer of Corporation Board of Directors: A. H. Andersont, B. H. Baileyf, L. R. Bernier, H. H. Miller, B. D. Rogers*, A. H. Russellf, C. D. Savage, A. W. Smith, G. E.*Smith*. J. H. Smith, B. R. Taylor, A. C. Urquhart, J. J. White*. Meetings held at Washington Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 1st mortgages $16,908 22,962 25,883 7,479 25,289 10,000 176 ..... 2nd mortgages Bonds .... Co-operative bank shares Cash on hand . 10 26 83 55 69 00 10 Shares Deposits $64,954 26,649 5,039 8,350 . Guaranty fund Undivided earnings Net current income Other liabilities Bills payable . 2,000 00 $108,699 53 Membership 215 269 . Rate of dividend, Dividends Nov., 1930 7% 1,234 363 25 cents Total Expenses for Year Salaries . $500 00 - . Rent Deposits Number of depositors 685 of interest paid during year Interest payable Jan. 31, Apr. 30, July 31, Oct. 31. 4^% Rate Rate 08 1,697 91 8 25 $108,699 53 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 27 18 84 of interest Other expenses 196 82 . $696 82 Total on loans: $56,325.64 at 6%; $16,908.10 at 12%. WALTHAM — WALTHAM Incorporated February 9, 1927. LADIES' CREDIT UNION Began business February 15, 1927 Dorothy P. Nottenburg, Treasurer Jennie Sulkin, President Dorothy P. Nottenburg, Clerk of Corporation Board of Directors: Lena Canter, Bessie Kaplan, Esther Kaufmanf, Florence Mileskyf, Minnie Milesky, Dorothy P. Nottenburg, Gertrude Riseberg*, Mary Saklad, Sadie F. Shay*, Jennie Sulkin*, Annie K. Tirkf. Meetings held at 25 Harvard Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check 31, 1930 Liabilities 00 615 00 250 00 70 31 5,255 . . Shares Guaranty fund Undivided earnings Net current income 60 79 09 83 $4,190 31 $4,190 31 * Credit Committee. $3,905 199 75 9 t Auditing Committee. P.D. 8, 127 Part IV. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member none 6 . 43 25 $1 00 Dividends Rate of dividend, May, 1930 Nov., 1930 4% 4% Total Expenses for Year $106 50 Salaries Rent 25 32 Other expenses $131 82 Total Rate on loans: of interest 8%. 3,870.00 at WATERTOWN — BACHRACH EMPLOYEES CREDIT UNION Incorporated April 2, Began business 1928. May 1928 17, Catherine F. Reinhardt, Treasurer Fred L. Trask, President Marion G. McCarthy, Clerk of Corporation Board of Directors: R. C. Finlay, Helen M. Gorman, Martha M. Gruhn, A. I. Haffer* E. E. Hickeyt, J. W. Kelly*, J. R. Lowell, Marion G. McCarthy, P. E. Matthaey, Albert Michelson, A. N. Needyf, C. A.Ohneraus*, Catherine Reinhardt, T. J. Stevensont, F. L. Trask. Meetings held at 44 Hunt Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand 31, 1930 ...... .... ..... .... Liabilities $3,136 27 1,518 99 1,044 60 293 89 1,460 45 . .... . . 25 00 Shares Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities .... $7,479 20 $6,872 47 236 87 224 58 07 91 27 23 25 $7,479 20 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 28 58 128 60 . 25 cents Rate of dividend, May, 1930 Nov., 1930 . ...... ...... ..... ..... Total Expenses for Year Salaries Rent Other expenses Total Rate of interest on lo; ms: 4% 4% — $70 98 $70 98 7%. $4,655.26 at WEBSTER — SLATER MILLS CREDIT UNION Incorporated June 5, 1930. Began business July 3, 1930 John T. McManus, Treasurer Carl A. Johnson, President Robert H. Stewart, Clerk of Corporation Board of Directors: Arthur Ducharme*, Leander Fitzback, C. A. Johnson*, William Kleczka*, Alfred Knighton, J. T. McManus, Olga A. Moritz, Joseph St. Petert, Rose A. Skryzpekt, R. H. Stewartf, Joseph Wallace, Walter Whalley. Meetings held at Mill Street. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Deposits in savings banks 31, 1930 Liabilities $426 00 618 02 . $986 25 37 52 20 25 Shares Net current income Other liabilities $1,044 02 $1,044 02 Dividends Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 81 Rate of dividend, none 17 . Total Expenses for Year 64 2 25 cents Salaries Rent Other expenses Total Rate * Credit of interest Committee. on loans: $426.00 at 6% t Auditing Committee. 128 WEBSTER — WEBSTER Incorporated January 20, 1928. P.D. 8, Part IV. CREDIT UNION Began business January 26, 1928 Frank P. Brezniak, Treasurer Victor E. Dziembowski, President Aloysius N. Groth, Clerk of Corporation Board of Directors: F. P. Brezniak, Adam Cichon, V. E. Dziembowski, A. N. Groth, Martin Jakubek, J. S. Kozlowski, Joseph Lis, John Maciejewskif, J. F. Mackowiak*, Joseph Nalewajkt, J. J. Siarkiewicz, Martin Starosta*, A. A. Starzec*, Anthony Wladyslawski, T. M. Wylegalaf. Meetings held at 207 Main Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Deposits subject to check Cash on hand Liabilities $4,097 25 1,525 70 110 39 60 00 . . Furniture and fixtures Shares Deposits $3,380 2,005 95 109 . Guaranty fund Reserve fund Net current income Other liabilities Bills payable 00 85 88 75 40 11 61 75 100 00 $5,793 34 $5,793 34 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 36 8 116 46 of dividend, Nov., 25 cents 5% 1930 Total Expenses for Year Salaries $50 00 90 78 Rent Deposits Number Other expenses 93 of depositors Rate of interest paid during year Interest payable Jan. 1, July 1. 5% $140 78 Total Rate of interest on loans: $4,097.25 at 6%. WEST SPRINGFIELD — RAILROAD EMPLOYEES CREDIT UNION Incorporated July 14, 1928. Began business August 17, 1928 Maybelle G. Rutherford, Treasurer Walter Rutherford, President Maybelle G. Rutherford, Clerk of Corporation Board of Directors: Arsene Boire, Richard Burgess, Noel Carpenter*, H. C. Fletcherf, H. G. Green, E. P. Kelly*, T. F. Mahoney*, F. C. Mattoonf, J. H. Minettef, Hormidas Phaneuf, J. E. Rogers*, Maybelle G. Rutherford, W. G. Rutherford, P. A. Stevens*, Maurice Weinberg. Meetings held at Boston & Albany R. R. Shops. STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures 31, 1930 ...... .... ..... .... .... Liabilities $15,137 90 3,037 61 1,033 32 152 08 78 30 . . Shares Guaranty fund Reserve fund Undivided earnings Net current income Other liabilities .... Membership Dividends 83 52 . 370 248 $1 00 Rate of dividend, 4% May, 1930 Nov., 1930 . ...... . . . Other expenses < jf interest 3J^% Total Expenses for Year Salaries Rent Rate 11 00 $19,439 21 $19,439 21 Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member $17,849 03 840 75 152 12 368 88 217 43 Total . on loa ns: $18,175.51 at 6%. . $679 15 — 70 89 $750 04 . WINTHROP — BARTER ASSOCIATES CREDIT UNION Incorporated February 25, 1930. Began business April 2, 1930 Edmund John R. Sullivan, President Edmund A. Spence, Treasurer A. Spence, Clerk of Corporation J. W. Bergin, Jr., E. L. Bishop, H. G. Blazo*, F. L. Cronin*, E. A. De Simone, R. C. Kirby, A. MacCormackf, A. W. Morrison*, J. S. Ryant, E. A. Spence, J. R. Sullivan, J. A. Sweeneyt, Sewell Verney, H. W. Wilson*. Meetings held at Washington Avenue. Board of Directors: J. W. Lill*, P. * Credit Committee. f Auditing Committee. P.D. 8, 129 Part IV. STATEMENT OF CONDITION, DECEMBER 31, 1930 Liabilities Assets Personal loans: Unsecured Deposits subject to check 1,717 50 150 39 . $1,694 27 96 38 Shares Guaranty fund Undivided earnings Net current income Other 18 11 50 liabilities $1,867 89 $1,867 89 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 78 Rate none paid of dividend, 1 . Rate 00 50 71 77 26 50 cents of interest Total Expenses for Year Salaries Rent Other expenses $55 11 Total $55 11 on loans: $1,363.50 at 7%; $354.00 at 8%. WINTHROP — PEOPLE'S CREDIT UNION Incorporated August 23, 1918. Began business September 6, 1918 Abraham Moses Balkan, President Steinberg, Treasurer Robert Bruce, Clerk of Corporation Board of Directors: Moses Balkan, Robert Bruce, M. P. Cohen, Nathan Ferar, J. D. Fogel*, I. J. Levitan*, Charles Levy, Max Lippa*, C. E. McGinn, L. H. Paul, Joseph Silinf, I. Abraham Steinberg, William Wolfef. Goldberg, Silvermanf, I. J. J. Meetings held at 339-41 Shirley Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities 37 06 91 45 00 00 2,9.87 47 200 00 Personal loans: Unsecured Secured Real estate loans: 1st $15,194 2,833 11,862 29,795 2,000 100 mortgages 2nd mortgages Co-operative bank shares Deposits in savings bank Deposits subject to check Cash on hand Furniture and . .... . . Shares Deposits $37,409 20,257 4,505 3,805 Guaranty fund Reserve fund . Undivided earnings Net current income Other liabilities 1,525 52 fixtures $66,498 78 $66,498 78 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 11 Rate Rent Deposits 66 of depositors Rate of interest paid during year Interest payable 1, Nov. 1. of interest Other expenses none May ...... ...... .... Total Expenses for Year Salaries Number none paid of dividend, 243 603 148 $2 00 . Rate 14 79 07 69 214 25 298 84 8 00 . Total .... $1,793 00 836 68 2,109 94 1,739 62 on loans: $41,658.36 at 6%; $17,677.43 at 7%; $350.00 at 12%. 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. C. Bartlett, P. B. Churchillf, O. R. Countaway*, E. E. Dawson, H. C. Dow, L. E. Griffin, C. H. Holbrook, R. A. Langf, A. J. Pilling*, H. W. Roberts*, A. S. Smith, E. P. Whittierf. Meetings held at 73 Jefferson Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans 2nd mortgages Deposits in savings banks Deposits subject to check 5,187 96 403 70 262 62 988 00 164 33 : . . Shares Deposits >,558 19 . Guaranty fund Reserve fund Net current income Other liabilities $7,006 61 * Credit Committee. 102 994 315 35 33 19 56 59 75 $7,006 61 t Auditing Committee. 130 P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 14 25 cents Rate ... Interest payable Feb. 1, May 1, Rate Total Expenses for Year Rent 12 $125 00 76 48 Other expenses 5% . Aug. 6% .... Salaries Deposits of depositors of interest paid during year Part IV. 22 85 47 . Number 8, Dividends Rate of dividend, Nov., 1930 1, Nov. 1. on loans: of interest Total $1 ,591.66 at 6%; $201 48 $262.62 at 8%. WORCESTER — CENTRAL MASSACHUSETTS TELEPHONE WORKERS' CREDIT UNION Incorporated November 8, 1922. James M. McHugh, President Began business November 8, 1922 Lawrence J. Dolan, Treasurer W. Trow, Clerk of Corporation Board of Directors: H. H. Ames, Norma Arsenault, Mary V. Conlon, L. J. Dolan, C. F. Donahoe, J. V. Donahue, W. M. Gearin, Louise B. Harper, W. R. Jones, J. M. McHughf, Mary E. Moriarty* J. L. Morley*, J. J. Moynihanf, J. M. Murphy, Helen L. Quinn, T. J. Sheehan, Harold Simpson, Laura M. Stewart, Elfrida W. Trow, E. J. Tyerf, Loretta M. Waugh*. Meetings held at 33 Elm Street. Elfrida STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Cash on hand Furniture and 538,046 27 23,200 84 6,778 467 898 . fixtures 40 96 51 42 56 Shares Deposits $31,372 24,345 3,213 2,197 Guaranty fund Undivided earnings Net current income Other liabilities Bills payable $69,476 12 $69,476 12 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 43 8 864 540 . Rate 6% of dividend, Nov., 1930 Total Expenses for Year 10 cents $1,612 00 Salaries Rent Deposits Number 318 Rate 5% of depositors of interest paid during year Interest payable Feb. 1, May Rate 1, 69 96 28 89 345 30 1 00 8,000 00 . Aug. 402 37 Other expenses Nov. 1. Total on loans: $23,200.40 at 5%; $38,046.27 at 6%. $2,014 37 1, of interest WORCESTER — GRATON & KNIGHT EMPLOYEES' CREDIT UNION Incorporated January 5, 1925. Began business January Paul H. Wilson, President Clayton O. Martindale, Clerk of Corporation 16, 1925 Sam\iel Z. Cramer, Treasurer Board of Directors: G. A. Barnard, F. E. Barth, C. A. Bartlett* P. D. Betterleyt, Ida S. Bousquet, W. P. Cahill, M. E. Collemerf, S. Z. Cramer, J. A. Dahlin, E. J. Donahue*, J. G. Henriksonf, J. G. Kapowich*, F. W. Kennedy*, H. P. Larrabee, C. O. Martindale, F. H. Willard, P. H. Wilson, C. O. Zimmerman*. Meetings held at 356 Franklin Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Real estate loans: 1st mortgages 2nd mortgages Deposits subject to check . $11,135 14,740 30 7,625 2,646 46 33 00 42 66 $31,729 20 1,303 78 2,624 48 517 16 3 25 Shares Guaranty fund Undivided earnings Net current income Other liabilities $36,177 87 $36,177 87 Dividends Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member . 87 79 500 230 25 cents Rate of dividend, 4% 4% May, 1930 Nov., 1930 .... .... ... .... Total Expenses for Year Salaries Rent $587 04 — 215 87 Other expenses $802 91 Total Rate of interest on loans,: $9,052.00 at * Credit Committee. 6< %\ $13,343.75 at t Auditing 7%; $11,135.46 at Committee. 8%. ; P.D. 8, 131 Part IV. WORCESTER — LA CAISSE POPULAIRE DE WORCESTER CREDIT UNION Incorporated August Began business August 10, 1911. 25, 1911 H. Louis Rocheleau, Treasurer Exlore P. Metivier, President George E. Belisle, Clerk of Corporation Board of Directors: G. E. Belisle, E. A. Brodeur* W. A. Charron*, E. P. Dubois, L. A. Dubois, C. E. Gosselinf, D. J. Hamel*, A. G. Lajoief, Frederic Mercierf, E. P. Metivier, H. L. Rocheleau, Eugene Soly. Meetings held at 390 Main Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check Cash on hand Expense, less current income Shares Deposits 56,458 76 1,075 00 1,647 02 .... . U.407 63 7,238 92 . Guaranty fund 430 57 58 90 47 38 595 93 475 15 Undivided earnings $9,717 63 $9,717 63 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate none Total Expenses for Year 25 cents Rent 1, Rate 5% 4% . on loans: $1,068.55 at Other expenses 45 of depositors of interest paid during year Interest payable Jan. 1, Apr. 1, July of interest $150 00 Salaries ... Number none paid 150 38 Deposits Rate of dividend, 14 Oct. ; Total 1. $760.23 at 6% ; $1,632.39 at 35 25 .... 7% ; $1,900.06 at 8% $185 25 !,172.53atl0%. WORCESTER — MORGAN EMPLOYEES' CREDIT UNION Incorporated January 31, 1927. Began business February 12, 1927 Thure Hanson, Treasurer Alfred R. Keller, President Philip D. Glass, Clerk of Corporation Board of Directors: W. J. Bassett, A. T. Carlson, Esther Currie, B. S. Daytonf, D. J. Driscollf, P. D. Glass, Thure Hanson*, Alexander Hooks*, F. W. Israel, J. F. Johnson, J. H. Johnson, A. R. Keller, A. C. Koegel*, F. E. Millerf, J. C. Streeter*. Meetings held at 9 Lincoln Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities 56,177 36 Personal loans: Unsecured Secured 884 25 500 00 6,000 00 1,491 68 813 34 Real estate loans: 2nd mortgages Co-operative bank shares Deposits in savings banks Deposits subject to check . . . Shares $14,837 25 Guaranty fund 390 44 1 42 499 66 112 86 25 00 Reserve fund Undivided earnings Net current income Overs and shorts $15,866 63 $15,866 63 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 20 Rate of dividend, Nov., 1930 73 282 106 25 cents May, 1930 3% 2V2 % Total Expenses for Year Salaries Rent Other expenses $42 60 Total Rate of interest $42 60 on loans: $7,061.61 at 6%; $500.00 at 7%. WORCESTER — NORTON CREDIT UNION Incorporated October 28, 1925. Began business November Daniel J. J. 1925 M. Grady, Clerk of Corporation E. Erickson*, M. B. Freeman, D. M. Grady, Bernard Green, P. Johansson, J. Mabel Matson, R. N. S. Merrittf, A. L. Ohmanf, C. B. Pricef, Styffe*, J. T. Truelsen. Meetings held at 1 New Bond Street. Board of Directors : L. R. Atwood,, W. B. A. Hildebrant, C. D. Stalker*, P. 10, John T. Truelsen, Treasurer Bertram A. Hildebrant, President * Credit I. Clark, Committee. J. f Auditing Committee. 132 P.D. STATEMENT OF CONDITION, DECEMBER Assets Part IV. Liabilities Personal loans: Unsecured Secured Real estate loans: 1st mortgages $18,761 4,162 6,271 80,576 13,907 12,760 241 6,002 2nd mortgages Bonds Co-operative bank shares Deposits in savings banks Deposits subject to check Cash on hand 8, 31, 1930 06 15 00 62 00 00 Shares Deposits $114,267 17,304 3,932 3,908 . Guaranty fund Undivided earnings Net current income Other 08 62 12 68 1,791 28 1,772 41 liabilities 13 43 200 00 94 80 . Other assets $142,976 19 $142,976 19 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 262 254 . Dividends 1930 Rate 6% of dividend, Nov., 1,160 404 25 cents Total Expenses for Year $1,508 00 Salaries Rent Deposits Number of depositors Rate of interest paid during year Interest payable Feb. 1, May 1, Aug. . Rate . of interest ' 119 . 1, Other expenses 1,024 92 5% . Nov. Total 1. $2,532 92 on loans: $6,271.00 at 614%; $103,499.83 at 7%. WORCESTER — SUOMI CREDIT UNION Incorporated July 9, 1930. Began business July 26, 1930 Mikko Yleva, Isak Yleva, President Arne G. Maki, Clerk Treasurer of Corporation Board of Directors: G. J. Anttilaf, Herman Haapala*, Gustaf Hakala*, Jacob Hakala, H. E. Hyytiainen*, A. G. Maki, Waldemar Suominenf, Joseph Wendela, Isak Yleva, Mikko Yleva, Samuel Ylevaf. Meetings held at 46 Belmont Street. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Deposits subject to check Expense, less current income 81 88 57 87 . $135 00 4 75 Shares Other liabilities $139 75 $139 75 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 19 none paid Total Expenses for Year 19 none 25 cents Salaries Rent Other expenses $57 87 Total $57 87 — WORCESTER Incorporated June Abraham of dividend, none . WORCESTER Rate 5, 1911. CREDIT UNION Began business June 5, 1911 Samuel E. Price, President Ritz, Treasurer Israel A. Chase, Clerk of Corporation I. A. Chase, Philip Cooperf, Adam Corbin, David Cotzin*, Louis Epstein, S. M. Ginsberg*, Simon Goodmanf, Morris Jonas*, Morris Morrin*, Nathan Nore, Abraham Price, S. E. Ritz, Arthur Stein, Samuel Waxlerf, Hyman Zieve*. Meetings held at 50 Water Street. Board of Directors: STATEMENT OF CONDITION, DECEMBER Assets Personal loans: Unsecured Secured Real estate loans: 2nd mortgages Deposits subject to check Furniture and fixtures . Real estate by foreclosure Expense, less current income . 31, 1930 Liabilities $14,463 3,226 35,888 603 1,750 3,787 136 00 17 Shares Deposits 50 84 Guaranty fund Undivided earnings . 00 05 69 87 00 36 74 $59,855 61 $59,855 61 * Credit Committee. $34,500 842 11,168 13,344 t Auditing Committee. P.D. 8, 133 Part IV. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Dividends Rate of dividend, none paid none 129 637 92 . ...... ...... .... Total Expenses for Year 25 cents Salaries Rent Deposits Number 396 none of depositors of interest paid during year Interest payable Oct. 31. Rate Rate $942 00 541 72 584 82 Other expenses $2,068 54 Total of interest on loans: $17, 689.17 at 6%; $35,888.50 at 8%. WORCESTER — WORCESTER ARBEITER RING CREDIT UNION Incorporated May 31, 1927. Began business June 1, 1927 Hyman Morris Morin, President Samuel Kravitz, Clerk Zieve, Treasurer of Corporation Board of Directors: David Cotzinf, Benjamin Cutler, Rubin Fine*, Harris Friedman, Israel Jonas, Morris Jonas*, Samuel Kravitz, Morris Leibmanf, Morris Morin, Joseph Saleson, David Shulman*, Sam Sirota, Arthur Stein, Samuel Waxlerf Hyman Zieve. , Meetings held at 50 Water Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check Furniture and fixtures Expense, less current income . . $13,713 67 3,040 00 1,000 00 309 93 100 00 165 02 ... ..... Shares Deposits . . . .... Guaranty fund Reserve fund Undivided earnings Other . . 1 liabilities Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 17 10 . Rate of dividend, Nov., 48 00 5^% 1930 205 112 $1 00 Total Expenses for Year ..... Salaries Number of depositors of interest paid during year 1 5y2 % 1. Rate of interest . . Rent Deposits Interest payable Dec. 32 00 43 39 $18,328 62 $18,328 62 Rate $15,607 1,000 706 689 324 Other expenses . $480 00 123 28 116 85 . .... Total $720 13 on loans: $16,753.67 at 6%. WORCESTER — WORCESTER CENTRAL LABOR CREDIT UNION Incorporated July 17, 1915. Began business August 10, Martin A. Tracy, President 1915 Walter F. Read, Treasurer Walter F. Read, Clerk of Corporation Board of Directors: M. J. Bachand, H. H. Bailey, T. F. Conroy*, P. F. Coyle, W. F. Grenier, H. E. Hansonf, J. W. Mara*, W. F. Read, J. J. Reidyt, W. A. Rossley*. J. J. Rourke, F. M. Saltus, J. E. Scanlonf, G. E. Sutherland, M. A. Tracy. Meetings held at 100 Portland Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans: Unsecured Secured Liabilities $5,782 22 Real estate loans: 1st mortgages 2nd mortgages Deposits in savings banks Deposits subject to check Cash on hand .... . . 952 00 7,285 00 21,866 71 2,518 64 834 60 Shares Deposits . . . . • Guaranty fund Reserve fund Undivided earnings Other . . . . $28,085 02 28,076 94 1,805 82 1,283 11 . liabilities 319 97 50 24 95 479 47 19,646 92 180 85 Furniture and fixtures Real estate by foreclosure Expense, less current income . $59,571 36 * Credit Committee. $59,571 36 t Auditing Committee. 134 P.D. Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 24 204 514 123 . ...... ...... 50 cents Rent Deposits Number 117 5% of depositors of interest paid during year Interest payable Mar. 1, June 1, Sept. Rate of interest 1, Dec. Part IV. Total Expenses for Year Salaries Rate 8, Dividends Rate of dividend, none paid Other expenses . . Total 1. $720 00 309 00 187 09 $1,216 09 on loans: $10,600.87 at 6%; $25,192.06 at 7%; $93.00 at 8%. WORCESTER — WORCESTER EAGLES CREDIT UNION Incorporated February William J. 1, Began business February 1928. 18, 1928 Timothy B. Fox, Treasurer O'Brien, President Timothy B. Fox, Clerk of Corporation J. Buckley*, J. H. Byrnef, C. W. Corbettt, F. R. Crottyt, mings*, R. E. Currier, T. B. Fox, O. R. Nordberg, W. J. O'Brien*, W. J. Robidoux. Board of Directors: George Bourassa, D. Cum- J. J. Meetings held at 695 Main Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Personal loans Unsecured Deposits subject to check Liabilities 5,028 72 : Shares $3,376 68 Guaranty fund Undivided earnings Net current income 755 71 . Other 220 55 7 80 176 90 2 50 liabilities $3,784 43 $3,784 43 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member Rate 5 of dividend, Nov., none 97 . 56 of interest Total Expenses for Year Salaries Rent 50 cents Rate 8% 1930 Other expenses $38 50 Total $38 50 on loans: $3,028.72 at 6%. WORCESTER INDEPENDENT WORKMEN'S CIRCLE WORCESTER CREDIT UNION Incorporated November 17, 1922. Began business November 18, 1922 Charles Myers, Treasurer Harry Snegg, President Morris H. Chase, Clerk of Corporation Board of Directors: M. H. Chasef, S. H. Chase, Imen Cohen*, Philip Cooper, Gersh Epstein, Merwin Fossnerf, Jacob Lebowitz, Israel Libman, Louis Levy*, Charles Myers, Israel Nagle*, Louis Plotkin*, Arthur Rosenberg, Samuel Schwalbe, H. I. Shapirof, David Shulman*, Harry Snegg. Meetings held at 102 Water Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Liabilities Assets Personal loans: Unsecured Secured Co-operative bank shares Deposits in savings banks Deposits subject to check Furniture and fixtures $44,073 8,142 4,000 122 667 . . . 00 00 00 05 95 255 15 Shares .... Guaranty fund Reserve fund Undivided earnings Net current income Other . . liabilities 297 06 437 03 2 00 $57,260 15 $57,260 15 Dividends Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 30 50 432 280 $1 00 . Rate of dividend, Nov., 1930 Rate of interest Committee. on 6% Total Expenses for Year Salaries $1,280 00 . Rent Other expenses * Credit $51,736 21 4,130 93 656 92 lo£ ins: ..'•-. .... Total $52,215.00 at . 6%. | Auditing Committee. 261 00 338 48 $1,879 48 P.D. 8, 135 Part IV. WORCESTER LITHUANIAN CREDIT UNION WORCESTER May Incorporated 20, 1926. Began business May 24, 1926 Mathew Jacob Rudis, President Joseph J. A. Cinsky, Treasurer Krasinskas, Clerk of Corporation Board of Directors: Joseph Babraitis, Frank Bobblist, M. A. Cinsky, P. A. Dedynas, John Dvareckasf, Joseph Glavickasf, Anthony Jamsonis, A. J. Katauskas*, J. J. Krasinskas, Anthony Martisius*, Joseph Pigoga, S. J. Purvinskas, Jacob Rudis, Anthony Yakutis*, Matthew Zigas. Meetings held at 340 Harding Street. STATEMENT OF CONDITION, DECEMBER 31, 1930 Assets Liabilities Secured Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check Furniture and fixtures Personal loans $14,651 65 1,139 73 559 64 : . 436 09 25 00 . Shares Deposits 59,825 70 4,774 80 . 761 500 789 158 Guaranty fund Reserve fund Undivided earnings Net current income Other 1 liabilities $16,812 11 $16,812 11 Membership Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 51 35 235 87 . Dividends 1930 Rate Total Expenses for Year 25 cents $240 00 Rent Deposits Number 29 of depositors of interest paid during year Interest payable Jan. 1, July 8% of dividend, Nov., Salaries Rate 85 00 98 28 50 85 81 Other expenses 5% $325 81 Total 1. Rate of interest on loans: $15,791.38 at 6%. WORCESTER — WORCESTER POLISH CREDIT UNION Incorporated January Harry J. 5, 1926. Began business January 13, 1926 Jacob Meleski, President Harry J. S. Ciborowski, Treasurer Meleski, Clerk of Corporation Board of Directors: Franciszek Ciborowskif, J. S. Ciborowski, Carol Dabiel, Andrzej Gebskit, Louis Jarzobski*, O. J. Konczanin*, Stefan Krukowski, Wladyslaw Krukowski, John Lejman, H. J. Meleski, V. S. Mikolowskit, William Nowicki, Charles Sharameta, Stanley Stoklosa, Franciszek Wonsowicz*. Meetings held at 59 Millbury Street. STATEMENT OF CONDITION, DECEMBER Assets 31, 1930 Liabilities Personal loans: Unsecured Real estate loans: 2nd mortgages Deposits in savings banks Deposits subject to check .... . . Other assets Furniture and fixtures $12,952 52 10,549 06 1,674 15 1,940 70 152 45 247 86 Shares Deposits $13,934 83 11,385 39 1,076 52 841 90 276 60 . Guaranty fund Undivided earnings Net current income Other liabilities 1 $27,516 74 $27,516 74 Membership Dividends Number added dining year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 73 58 221 106 . Rate of dividend, Nov., 25 cents 1930 Rent Deposits Number of depositors of interest paid during year Interest payable Apr. 1, Oct. 1. 51 of interest * Credit Other expenses 5% Rate Total on loans: $12,952.52 at 6%; $10,549.06 at 8%. Committee. 7% Total Expenses for Year Salaries Rate 50 t Auditing Committee. $720 00 240 00 150 38 $1,110 38 136 P.D. WORCESTER — WORCESTER Incorporated December 9, 1926. Part IV. POSTAL CREDIT UNION Began business January 17, 1927 Arthur Conrad Hakanson, President Thomas 8. J. Garvey, Treasurer F. Leonard, Clerk of Corporation Board of Directors: A. H. Carlsonf, A. J. Garvey, Conrad Hakanson, T. F. Leonard, T. F. Maherf, honey*, M. J. McGuiref, B. J. O'Connor*, W. J. Ryan, W. L. Scanlon, W. J. White*. Meetings held at Post STATEMENT OF CONDITION, DECEMBER Cash on hand Ma- Office. Assets Personal loans: Unsecured Secured Deposits in savings banks Deposits subject to check J. J. 31, 1930 Liabilities $8,127 04 1,980 00 613 71 . . . ..... Shares 458 27 Guaranty fund Undivided earnings Net current income 181 55 Other . . liabilities . $10,665 01 370 33 156 87 166 36 2 00 $11,360 57 $11,360 57 Membership Dividends Number added during year Number withdrawn during year Number of members, Dec. 31, 1930 Number who are borrowers Amount of entrance fee per member 19 14 . 178 101 . $1 00 Rate of dividend, Nov., 1930 ..... ..... 7% Total Expenses for Yt Salaries Rent $250 00 Other expenses Total Rate o f interest * Credit Committee. on ./'. loa ns: $10,107.04 at 6%. t Auditing Committee. $250 00 P.D. 8, 137 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 . . . . . . . . Index to the Annual Reports [Alphabetically by Name] CREDIT UNIONS NAME American American American American Credit Union Bosch Credit Union Chapels Credit Union Independent Credit Union Associates Credit Union Athol Credit Union Atlas Credit Union Augustov Credit Union Credit Union Bachrach Employees' Credit Union Barbourwelt Credit Union Barter Associates Credit Union Bay State Credit Union Bay State Thread Works Credit Union Beacon Hill Credit Union Bellevue Credit Union Benjamin Franklin Credit Union Berditchiver Credit Union Berkshire Credit Union Beverly Credit Union Beverly Investment Credit Union Blue Hill Neighborhood Credit Union Borisaver Credit Union Boston American Composing Room Credit Union, The Boston Jewish Workers Alliance Credit Union Boston Post Credit Union Boston Post Office Employees' Credit Union Boston Progressive Credit Union Boston Railway Mail Employees Credit Union Boston Typographical Credit Union Boston & Albany Employees' Credit Union Boston & Maine R. R. Employees' Credit Union Bowdoin Credit Union Braintree Legion (2) Credit Union Broadway Credit Union Brockton Credit Union Brockton A. O. H. Credit Union Brockton Gas Light Employees' Credit Union Brockton Labor Lyceum Credit Union Brockton Postal Employees' Credit Union Brookdor Credit Union Brunswick Credit Union Cambridge Credit Union Cambridge Portuguese Credit Union Campello Credit Union Carmel Credit Union Center Credit Union Central Credit Union Central Massachusetts Telephone Workers' Credit Union Century Credit Union Chaet and Bloom Credit Union Chambers Credit Union Chapman Valve Credit Union, The Charlesbank Credit Union Chelsea Credit Union Chelsea Investment Credit Union Cheney Bigelow Credit Union Chestnut Credit Union Cigar Factory Employees' Credit Union City of Boston Employees' Credit Union Cleghorn Credit Union Codman Credit Union Colonial Credit Union Columbia Credit Union Commercial Credit Union Condit Credit Union Congress Credit Union Continental Credit Union Cosmopolitan Credit Union Crawford Credit Union Crescent Credit Union Cunningham Credit Union Derby Credit Union D. M. C. Credit Union Dorchester Credit Union LOCATION Lawrence Springfield . .... .... AWUE . . . . . . Chelsea . Boston . Pittsfield Beverly Beverly Boston Boston . . . . Boston Boston . .... .... . Chelsea . . Revere Athol Boston Boston Boston Springfield . . . Watertown . . . Chelsea Brockton Winthrqp . . Boston . . . . . . Boston Boston Boston Boston Boston Boston Boston Boston Boston Boston . . . . . . . . Braintree Cambridge Brockton Brockton Brockton Brockton Brockton Brookline Boston Cambridge Cambridge Brockton . Chelsea . Boston Cambridge Worcester Boston Boston Boston . . . . Springfield Boston . Chelsea Chelsea . . Springfield Chelsea . Boston Boston . . Fitchburg Boston Boston . . Boston Boston Boston Chelsea Chelsea Maiden . . . . . Boston . Brockton Boston . Salem Framingham Boston . , . . . PAGE 1 137 i iv 138 P.D. NAME LOCATION Dwight Credit Union East Cambridge Credit Union East Lynn Post CI) Credit Union Eaton Credit Union Eeco Credit Union Electrical Workers Credit Union Elizabeth Peabody House Credit Union Elm Credit Union Enterprise Credit Union Everett Credit Union Everett Citizens' League Credit Union Excelsior Credit Union Fabyan Credit Union Fall River Doffers and Spinners (U. T. W.) Credit Union Fall River Municipal Employees Credit Union Fall River Postal Employees Credit Union Faulkner Credit Union Fayston Credit Union Federal Credit Union Fields Corner Credit Union Filene Co-operative Association Credit Union Fitchburg Credit Union Fitchburg Immaculate Conception Credit Union Fitchburg Postal Employees' Credit Union Forty Associates Credit Union Fountain Credit Union Franklin Aid Credit Union Fraternal Credit Union Friendship Credit Union G. R. Credit Union G. T. & D. Credit Union Gaston Credit Union Geneva Credit Union Gilco Credit Union Glenway Credit Union Globe Credit Union Gloucester Credit Union Goodfellowship Credit Union Graton & Knight Employees' Credit Union .... .... .... . . . . .... . . . Greater Boston Public School Employees' Credit Greenwood Credit Union Harmony Credit Union Harold Credit Union Harrison Credit Union Harry Rubin Credit Union Havelock Credit Union Haverhill Credit Union Haverhill Postal Employees Credit Union Hebrew Benevolent Credit Union Herald-Traveler Employees' Credit Union Highland Credit Union Hill Credit Union Hillside Credit Union Holyoke Credit Union Holyoke Municipal Employees Credit Union Holyoke Postal Credit Union Homestead Credit Union Howard Credit Union Howco Credit Union Howes Credit Union Hub Credit Union Humboldt Credit Union Hunt-Spiller Credit Union Hygrade Credit Union Ideal Credit Union Independent Credit Union Independent Order Sons of Italy Credit Union Industrial Credit Union Inman Credit Union Intercity Credit Union Intervale Credit Union Jamaica Plain Credit Union Jay Jay Ess Credit Union Jeanne d'Arc Credit Union Jewish Community Credit Union Jewish Women's Credit Union Jewish Workers' Credit Union Judaean Credit Union Judson Credit Union Kast Credit Union Kingsdale Credit Union King Solomon Credit Union Krystallene Credit Union L. M. A. Credit Union Labor Credit Union Labor Circle Credit Union La Caisse Populaire de Lawrence Credit Union . . . . U Springfield Cambridge Lynn Boston Boston Boston Boston Cambridge Boston . . . . Everett Everett . . Boston Boston Fall River Fall River Fall River . Maiden Boston Boston Boston Boston Fitchburg Fitchburg Fitchburg Boston . Framingham Boston Boston Boston Cambridge . . . Greenfield Boston Boston Boston Boston Boston . . . . . Gloucester Boston Worcester Boston Boston Boston Boston Boston Boston Boston . . . . . . . . Haverhill Haverhill Springfield Boston . Lowell Boston Boston Holyoke Holyoke Holyoke Boston Boston Boston Boston Boston Boston Boston Salem . . . . . . . . . . . Lowell Chelsea . Boston Boston Cambridge Boston Boston Boston Boston . Lowell . . . . . La Caisse Populaire (Credit Union) of Worcester Lawrence Credit Union Lawrence Modern Credit Union Lawrence Postal Employees Credit Union . . . . . . . . . Salem Boston . Springfield Chelsea . Maiden . Boston Boston Boston Holyoke . . . . Ludlow Chelsea . . Lynn Lawrence Worcester Lawrence Lawrence Lawrence 8, Part IV. P.D. 8, Part IV. NAME 139 Leverett Credit Union Lewis Credit Union Lexington Credit Union Liberal Credit Union Liberty Credit Union Lord Beaconsfield Credit Union Lowell Credit Union Lowell Bleachery Credit Union Lowell Postal Employees' Credit Union Lynn Credit Union Lynn Independent Workmen's Circle Credit Union Lynn Postal District Employees' Credit Union Maiden Credit Union Maiden G. & E. Employees Credit Union Mansfield Credit Union Marketmen's Credit Union Mascot Credit Union Massachusetts Credit Union Massachusetts Carpenters' Credit Union Mattapan Credit Union Medway Credit Union Merchants Credit Union Metrogra Credit Union Middlesex Credit Union Milford Credit Union Mitchell Freiman Credit Union Mohliver Credit Union Morgan Employees Credit Union Mothers' Credit Union Mt. Bowdoin Credit Union Mutual Investment Credit Union Neponset Credit Union New Bedford Alliance Credit Union New Bedford Gas and Edison Light Company Employees' Credit . . .... . . . Union New .... Bedford Postal Employees' Credit Union Newsco Credit Union Noddle Island Credit Union North and South Lodge B. of R. C. (2028) Credit Union North End Merchants Credit Union Northern Massachusetts Telephone Workers' Credit Union Norton Credit Unien Notre Dame de Lourdes Credit Union Novograd Volinsk Credit Union One Hundred Summer Street Credit Union Oxford-Print Credit Union Park Credit Union Parkway Women's Credit Union People's Credit Union Pittsfield Postal Employees' Credit Union Plimpton Credit Union Plymouth Cordage Credit Union Polish National Credit Union Ponedeler Credit Union Popular Credit Union Progress Credit Union Progressive Workmen's Credit Union of Maiden Prospect Credit Union Puritan Credit Union Railroad Employees' Credit Union Red Oval Credit Union Reliable Credit Union Reliance Credit Union Revere Credit Union Rockland Credit Union Rolls Royce Credit Union Roxbury Independent Credit Union Roxbury Independent Workmen's Circle Credit Union Roxbury Ladies' Credit Union Royal Credit Union S. & M. Credit Union Sacred Heart Credit Union Safety Credit Union St. Anne Credit Union St. Jean Baptiste Parish Credit Union St. Joseph Credit Union St. Mary's Parish Credit Union Salem Credit Union Sales House Credit Union Seaver Credit Union .... . . . . . . . . . . . . . . Senco Credit Union LOCATION Boston Walpole . . Lexington Boston Boston Boston Lowell Lowell Lowell . Lynn Lynn Lynn Maiden Maiden . . Mansfield Boston Boston Boston Boston Boston . . . . . Medway Chelsea . Boston . Everett Milford . . Boston Boston Worcester Boston Boston . . . Maiden . Walpole New Bedford New New Bedford Bedford Boston Boston Boston Boston . . . Lowell Worcester Lowell Boston Boston Boston Boston Boston Winthrop . . Pittsfield Norwood Plymouth Chicopee Chelsea . Peabody Boston . Maiden Cambridge . Boston . West Springfield Lynn Boston Maiden . . Revere Rockland . Springfield Boston Boston Boston Boston Boston New Bedford . . . . Maiden New . Bedford Lynn Salem Marlborough Salem Revere Boston . . Fitchburg . Shawmut Credit Union Shepard Stores Employees' Credit Union Slater Mills Credit Union Social Service Credit Union Solidarity Credit Union Somerset Credit Union South Boston Credit Union South End Credit Union Southern Massachusetts Telephone Workers' Credit Union Springfield Franco-American Credit Union . . Boston Boston Webster Boston Boston . . . . . Somerville Boston Boston New Bedford . Springfield 140 P.D. NAME 8, Part IV. LOCATION Springfield, Mass., Municipal Employees Credit Union Springfield, Mass., Post Office Employees' Credit Union Springfield Street Railway Employees' Credit Union Springfield Teachers Credit Union Springfield Springfield Springfield Springfield Star Credit Union StJate Employees' Credit Union Stolinow Credit Union Sudelkow Credit Union Suffolk Credit Union Suomi Credit Union Taunton Postal Employees' Credit Union Telephone Workers' Credit Union Temple Credit Union Tifereth Jacob Credit Union Treasure Credit Union Trimount Credit Union Twenty Associates Credit Union Union Park Credit Union Union Workers' Credit Union United Credit Union United Electric Light Company Employees' Credit Union Unity Club Credit Union University Credit Union Victory Credit Union Voliner Hebrew Credit Union Walnut Credit Union Waltham Ladies Credit Union Walworth Credit Union Warren Credit Union Washington Credit Union Webster Credit Union Welfare 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 Wolf Post Associates Credit Union Woodrow Credit Union Worcester Credit Union Worcester Arbeiter Ring Credit Union Worcester Central Labor Credit Union Worcester Eagles Credit Union Worcester Independent Workmen's Circle Credit U Worcester Lithuanian Credit Union Worcester Polish Credit Union Worcester Postal Credit Union Workers' Credit Union Zaslav Wolin Credit Union Boston Boston Boston . Maiden . . . . . . d PAGE . .122 . . . Boston Worcester . Taunton Boston . Springfield Boston . Greenfield Boston 88 57 Dedham . Boston Boston Lawrence . . Springfield Boston Cambridge Boston Boston . . Chelsea . 122 123 123 55 55 55 106 56 132 125 56 124 57 . Waltham 81 58 58 94 124 58 73 59 59 79 126 Boston Boston Boston Webster Boston Boston Boston Cambridge . . . . . . . Springfield Lynn Boston . Chelsea . Winthrop Boston Boston Worcester Worcester Worcester Worcester Worcester Worcester Worcester Worcester Fitchburg Boston . 60 60 61 128 61 61 62 73 124 102 62 80 129 63 63 132 133 133 134 134 135 135 136 86 64
@FedFRASER