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888-978-2224
513 Main St
Athol, MA 01331-1825

Athol Credit Union (MA) is headquartered in Athol and is the 58th largest credit union in the state of Massachusetts. It is also the 1,621st largest credit union in the nation. It was established in 1930 and as of March of 2014, it had grown to 17 employees and 6,799 members. Athol Credit Union (MA)'s money market rates are 93% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Individuals and their direct relatives who live, work or attend school in select towns in Franklin, Hampshire and Worcester counties in Massachusetts are eligible for membership. - See Details

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Health

Data for Q1 2014

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Athol Credit Union (MA) has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Athol Credit Union (MA) had $541,000 in non-current loans and owned real-estate with $8.76 million in equity and loan loss allowances on hand to cover it. This gives Athol Credit Union (MA) a Texas Ratio of 6.17% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Athol Credit Union (MA) experienced no significant changes from 6.41% as of March 31, 2013 to 6.17% as of March 31, 2014, resulting in a positive change of 3.77%.This indicates that the balance sheet and financial strength for Athol Credit Union (MA) has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Athol Credit Union (MA) has increased its total deposits by $3.94 million, resulting in 6.54% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Athol Credit Union (MA) has shown is excellent.

Capitalization

GRADE:
B

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Athol Credit Union (MA) has $90.4 million in assets with $8.76 million in equity, resulting in a capitalization level of 9.69%, which is above average.

Institution Statistics

Overall
NCUA #66819
Year Chartered1930
Employees17
Primary Regulator
Assets and Liabilities
Assets$90.40 million
Loans$62.17 million
Deposits$64.21 million
Equity Capital$8.27 million
Loan Loss Allowance$494,000
Unbacked Noncurrent Loans$427,000
Real Estate Owned$114,000
Historic Data - March 2013
Assets$86.39 million
Equity Capital$8.96 million
Loan Loss Allowance$596,000
Unbacked Noncurrent Loans$427,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1%
Return on Assets0.06%
Return on Equity0.63%
Interest Income$730,000
Rates
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Athol Credit Union (MA) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.85%$25-Quabbin High-Yield Savings Account

Athol Credit Union (MA) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.85%$25-Quabbin High-Yield Money Market

Athol Credit Union (MA) CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$5k-36 Month Quabbin High-Yield CD
1.15%$5k-24 Month Quabbin High-Yield CD
1.05%$5k-12 Month Quabbin High-Yield CD
1.00%$5k-18 Month Quabbin High-Yield CD
1.00%$5k-30 Month Quabbin High-Yield CD
0.90%$5k-6 Month Quabbin High-Yield CD Special
0.75%$1k-6 Month Quabbin High-Yield CD
Locations


Athol Credit Union (MA) Locations
Branch Office513 Main StAthol, MA 01331-1825