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Totals

Total Square Footage 60,826
Total Dollar Volume $20,800,000.00

General

Established 1961
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Since 1961, we've met the needs of the Commonwealth's credit unions for added protection of their members' deposits. Providing excess insurance to select state and federally chartered credit unions across the Commonwealth, MSIC is proud to be a vital part of the credit union community.

MSIC is a member or associate member of the following organizations:

  • Filene Research Institute
  • Massachusetts Credit Union League
  • Members United
  • National Association of State Chartered Credit Union Supervisors (NASCUS)
  • New England CUSA User's Group

In addition, MSIC supports the America's Credit Union Museum and maintains a liaison with the National Association of Federal Credit Unions (NAFCU).

Updates

Paragon Towers
- May 14, 2017

Iconic 60,826-square-foot Newton office development trades for nearly $20.9 million KS Partners has sold Newton’s iconic Paragon Towers, a 60,826-square-foot office and retail development located on rapidly-developing Needham Street a short drive to Route 128, for $20.859 million, or $342.93 per square foot, to Massachusetts Credit Union Share Insurance Corporation (MSIC). MSIC paid fully in cash for the acquisition; KS acquired Paragon Towers in January 2007 for $11.5 million, or $189.06 per square foot. The Needham Street corridor, along which Paragon Towers is located, is experiencing a significant wave of development; Crosspoint Associates is currently building the 142,000-square-foot Newton Nexus office and retail development, and Northland Investment Corporation is proposing to construct a 30-acre mixed-use development at the corner of Needham Street and Oak Street which would feature 950 residential units, 175,000 square feet of office space and 200,000 square feet of retail space.


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Projects

Paragon Towers