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2020 Institutions Examined for CRA Compliance

The Division of Banks (DOB) evaluates the institution's record of meeting the credit needs of its entire assessment area. This includes low and moderate-income neighborhoods, consistent with the safe and sound operation of the institution. When the examination is complete the DOB issues a rating and public evaluation.

Table of Contents

Institutions with a 2020 published rating

Institution Location Rating
Alpha Credit Union Boston     S
Athol Savings Bank Athol    HS
BankGloucester Gloucester     O
Billerica Municipal Employees Credit Union  Billerica     S
Brookline Bank Brookline     S
Enterprise Bank and Trust Company Lowell    HS
Envision Bank Randolph     S
Greater Springfield Credit Union Springfield     S
HTM Credit Union Haverhill

    S

Liberty Bay Credit Union Braintree     S
Lowell Firefighters Credit Union Lowell     S
Lynn Municipal Credit Union Lynn     S
Lynn Police Credit Union Lynn     S
Methuen Co-operative Bank Methuen     S
Middlesex Savings Bank Natick     O
OneUnited Bank Boston     S
Quincy Credit Union Quincy     S
Reading Co-operative Bank Reading     S
River Works Credit Union Lynn

    S

St. Mary's Credit Union Marlborough    HS
The Bank of Canton Canton     S
The Co-operative Bank Roslindale     S
Walpole Co-operative Bank Walpole     S
Winchester Co-operative Bank Winchester     S

 

Key to ratings

  • O - Outstanding
  • HS - High Satisfactory
  • S - Satisfactory
  • NI - Needs to Improve
  • SNC - Substantial Noncompliance

These ratings are not, nor should they be interpreted as an assessment of the financial condition of these institutions. The assigned ratings do not represent an analysis, conclusion, or opinion of the DOB concerning the safety and soundness of these financial institutions.

Public evaluations

The public portion of the evaluation generally contains:

  • The institution's CRA rating
  • A description of the financial institution
  • A description of the financial institution's assessment area
  • Conclusions about the institution's CRA performance, including the facts, data, and analyses that were used to form such conclusions

Most Massachusetts chartered banks are also examined for compliance with the Federal CRA by the Federal Deposit Insurance Corporation and the Federal Reserve System.

Last updated: September 15, 2020
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