Athol Credit Union

P.O. Box 389
Athol, MA 01331
(978) 249-3527
www.atholcreditunion.com

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Athol Credit Union is headquartered in Athol and is the 61^st largest credit union in the state of Massachusetts. It is also the 1,646^th largest credit union in the nation. It was established in 1930 and as of December of 2011, it had grown to 22 employees and 6,748 members. Athol Credit Union's money market rates are 25% higher than the national average, and it boasts a 5-star health rating.

Athol Credit Union Routing Number: 211380344

Top Savings Account and CD Rates at Quabbin Online Credit Union in MA - Local Only - 9/13/2011

Athol Credit Union has an internet division called Quabbin Online Credit Union that's offering some very competitive savings account rates and short-term CD rates. Unfortunately, the credit union's fi ...

3.30% 5-Year Rates at Athol Credit Union in MA - Local Only (Forum) - 9/7/2010

Athol Credit Union is offering some very competitive CD rates. Since it's a small credit union which appears to only serve people around the small town of Athol, it didn't deserve a blog post. But I'm posting it here just in case a few people may qualify.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Athol Credit Union Checking Account Rates

Apy	Min	Max	Product
0.85%	$25k	-	Super Now Checking w/ Direct Rewards
0.60%	$25k	-	Super Now Checking

Athol Credit Union Savings Account Rates

Apy	Min	Max	Product
0.35%	$25	-	Passbook Savings w/ Direct Rewards
0.35%	$25	-	Statement Savings w/ Direct Rewards
0.10%	$25	-	Passbook Savings
0.10%	$25	-	Statement Savings

Athol Credit Union Money Market Rates

Apy	Min	Max	Product
0.75%	$50k	-	Money Market Account w/ Direct Rewards
0.50%	$50k	-	Money Market Account

Athol Credit Union CD Rates

Apy	Min	Max	Product
1.60%	$5k	-	60 Month CD w/ Direct Rewards
1.50%	$5k	-	48 Month CD w/ Direct Rewards
1.40%	$5k	-	36 Month CD w/ Direct Rewards
1.35%	$5k	-	60 Month CD
1.25%	$5k	-	48 Month CD
1.15%	$5k	-	36 Month CD
1.05%	$5k	-	30 Month CD w/ Direct Rewards
0.95%	$5k	-	18 Month CD w/ Direct Rewards
0.85%	$5k	-	14 Month CD w/ Direct Rewards
0.80%	$5k	-	30 Month CD
0.75%	$1k	-	12 Month CD w/ Direct Rewards
0.70%	$5k	-	18 Month CD
0.65%	$1k	-	9 Month CD w/ Direct Rewards
0.60%	$5k	-	14 Month CD
0.60%	$1k	-	6 Month CD w/ Direct Rewards
0.55%	$35k	-	07-31 Day Jumbo CD w/ Direct Rewards
0.50%	$1k	-	12 Month CD
0.50%	$35k	-	45-90 Day Jumbo CD w/ Direct Rewards
0.40%	$1k	-	9 Month CD
0.35%	$1k	-	6 Month CD
0.25%	$35k	-	07-31 Day Jumbo CD
0.25%	$35k	-	45-90 Day Jumbo CD

Athol Credit Union IRA Rates

Apy	Min	Max	Product
1.60%	$5k	-	60 Month IRA w/ Direct Rewards
1.60%	$5k	-	60 Month Roth IRA w/ Direct Rewards
1.50%	$5k	-	48 Month IRA w/ Direct Rewards
1.50%	$5k	-	48 Month Roth IRA w/ Direct Rewards
1.40%	$5k	-	36 Month IRA w/ Direct Rewards
1.40%	$5k	-	36 Month Roth IRA w/ Direct Rewards
1.35%	$5k	-	60 Month IRA
1.35%	$5k	-	60 Month Roth IRA
1.25%	$5k	-	48 Month IRA
1.25%	$5k	-	48 Month Roth IRA
1.15%	$5k	-	36 Month IRA
1.15%	$5k	-	36 Month Roth IRA
1.05%	$5k	-	30 Month IRA w/ Direct Rewards
1.05%	$5k	-	30 Month Roth IRA w/ Direct Rewards
0.95%	$5k	-	18 Month IRA w/ Direct Rewards
0.95%	$5k	-	18 Month Roth IRA w/ Direct Rewards
0.85%	$5k	-	14 Month IRA w/ Direct Rewards
0.85%	$5k	-	14 Month Roth IRA w/ Direct Rewards
0.80%	$5k	-	30 Month IRA
0.80%	$5k	-	30 Month Roth IRA
0.75%	$1k	-	12 Month IRA w/ Direct Rewards
0.75%	$1k	-	12 Month Roth IRA w/ Direct Rewards
0.70%	$5k	-	18 Month IRA
0.70%	$5k	-	18 Month Roth IRA
0.65%	$1k	-	9 Month IRA w/ Direct Rewards
0.65%	$1k	-	9 Month Roth IRA w/ Direct Rewards
0.60%	$5k	-	14 Month IRA
0.60%	$5k	-	14 Month Roth IRA
0.60%	$1k	-	6 Month IRA w/ Direct Rewards
0.60%	$1k	-	6 Month Roth IRA w/ Direct Rewards
0.50%	$1k	-	12 Month IRA
0.50%	$1k	-	12 Month Roth IRA
0.40%	$1k	-	9 Month IRA
0.40%	$1k	-	9 Month Roth IRA
0.35%	$1k	-	6 Month IRA
0.35%	$1k	-	6 Month Roth IRA

Rates updated: 5/22/2012

Data for Q4 2011

Institution Statistics

ATHOL
NCUA #	66819
BankRate Report	View
Year Chartered	1930
Employees	22
Primary Regulator
Assets and Liabilities
Assets	$80.62 million
Loans	$59.00 million
Deposits	$56.94 million
Equity Capital	$9.39 million
Loan Loss Allowance	$566,000
Unbacked Noncurrent Loans	$544,000
Historic Data - December 2010
Assets	$79.73 million
Equity Capital	$9.28 million
Loan Loss Allowance	$463,000
Unbacked Noncurrent Loans	$320,000
Profit Margin - Quarterly
Net Interest Margin	4.87%
Return on Assets	-0.38%
Return on Equity	-3.28%
Interest Income	$3.45 million
Non-Interest Income	$399,000

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Athol Credit Union had $544,000 in non-current loans and owned real-estate with $9.95 million in equity and loan loss allowances on hand to cover it. This gives Athol Credit Union a Texas Ratio of 5.47% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Athol Credit Union held steady from 3.28% as of December 31, 2010 to 5.47% as of December 31, 2011, resulting in a negative change of 66.41%. This indicates that the balance sheet and financial strength for Athol Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Athol Credit Union has increased its total deposits by $1.86 million, resulting in 3.38% 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 has shown is above average.
Capitalization
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 has $80.62 million in assets with $9.95 million in equity, resulting in a capitalization level of 12.35%, which is excellent.