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Overview / Commentary
75 Main St
Bridgewater, MA 02324

Bridgewater Credit Union is headquartered in Bridgewater and is the 29th largest credit union in the state of Massachusetts. It is also the 631st largest credit union in the nation. It was established in 1941 and as of December of 2013, it had grown to 83 employees and 30,938 members. Bridgewater Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Bridgewater is open to any person who lives or works in the Massachusetts counties of Plymouth, Bristol, Barnstable or Norfolk. - See Details

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Data for Q4 2013

Institution Health


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, 2013 Bridgewater Credit Union had $2.75 million in non-current loans and owned real-estate with $36.34 million in equity and loan loss allowances on hand to cover it. This gives Bridgewater Credit Union a Texas Ratio of 7.57% 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 Bridgewater Credit Union decreased slightly from 8.84% as of December 31, 2012 to 7.57% as of December 31, 2013, resulting in a positive change of 14.35%.This indicates that the balance sheet and financial strength for Bridgewater Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Bridgewater Credit Union has decreased its total deposits by -$1.76 million, resulting in -0.66% 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 Bridgewater Credit Union has shown is average.



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. Bridgewater Credit Union has $332.68 million in assets with $36.34 million in equity, resulting in a capitalization level of 10.92%, which is above average.

Institution Statistics

NCUA #67984
Year Chartered1941
Primary Regulator
Assets and Liabilities
Assets$332.69 million
Loans$249.85 million
Deposits$264.00 million
Equity Capital$34.65 million
Loan Loss Allowance$1.69 million
Unbacked Noncurrent Loans$2.72 million
Real Estate Owned$28,000
Historic Data - December 2012
Assets$333.54 million
Equity Capital$34.00 million
Loan Loss Allowance$1.59 million
Unbacked Noncurrent Loans$2.72 million
Real Estate Owned$120,000
Profit Margin - Quarterly
Net Interest Margin3.53%
Return on Assets0.38%
Return on Equity3.69%
Interest Income$10.82 million

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Bridgewater Credit Union Savings Account Rates

0.24%$25k-Bridge Account
0.15%$25-Statement Savings
0.15%$25-Passbook Savings
0.10%$25-Club Account

Bridgewater Credit Union Money Market Rates

0.35%$50k-High Yield Money Market

Bridgewater Credit Union Checking Account Rates

2.00%-$5kExcel Checking
0.20%$250-i Checking
0.20%--Excel Checking
0.10%$25-N.O.W. Checking Account

Bridgewater Credit Union CD Rates

1.50%$1k-60 Month CD
1.25%$1k-48 to 59 Month CD
1.15%$1k-36 to 47 Month CD
0.90%$1k-24 to 29 Month CD
0.90%$1k-30 to 35 Month CD
0.60%$1k-12 to 17 Month CD
0.60%$1k-18 to 23 Month CD
0.35%$1k-6 to 11 Month CD
0.20%$1k-3 to 5 Month CD

Bridgewater Credit Union IRA Rates

1.50%$1k-60 Month IRA (Traditional,Roth)
1.25%$1k-48 to 59 Month IRA (Traditional,Roth)
1.15%$1k-36 to 47 Month IRA (Traditional,Roth)
0.90%$1k-24 to 29 Month IRA (Traditional,Roth)
0.90%$1k-30 to 35 Month IRA (Traditional,Roth)
0.60%$1k-12 to 17 Month IRA (Traditional,Roth)
0.60%$1k-18 to 23 Month IRA (Traditional,Roth)
0.35%$1k-6 to 11 Month IRA (Traditional,Roth)
0.20%$1k-3 to 5 Month IRA (Traditional,Roth)

Bridgewater Credit Union Locations
Branch Office213 Independence AveQuincy, MA 02169
Branch Office75 Main StBridgewater, MA 02324-1406
Branch Office3A Whiting RdDover, MA 02030-2452
Branch Office213 Independence AveQuincy, MA 02169-7751
Branch Office44 Shops at 5 WayPlymouth, MA 02360
Branch Office41 Fairhaven Commons WayFairhaven, MA 02719