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Overview / Commentary
493 Somerville Ave
Somerville, MA 02143

Cambridge Portuguese Credit Union is headquartered in Somerville and is the 53rd largest credit union in the state of Massachusetts. It is also the 1,378th largest credit union in the nation. It was established in 1928 and as of December of 2013, it had grown to 27 employees and 8,198 members. Cambridge Portuguese Credit Union has a A health rating.

Field of Membership Restrictions

Must be a Massachusetts resident with a Portuguese descent. Also open to anyone who live, work or attend school in Middlesex County, Suffolk County, municipalities of Peabody, Lynn, Salem, Nahant, Lynnfield, Saugus, Swampscott or Marblehead in Essex County. - 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 Cambridge Portuguese Credit Union had $103,000 in non-current loans and owned real-estate with $8.93 million in equity and loan loss allowances on hand to cover it. This gives Cambridge Portuguese Credit Union a Texas Ratio of 1.15% 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 Cambridge Portuguese Credit Union decreased dramatically from 6.29% as of December 31, 2012 to 1.15% as of December 31, 2013, resulting in a positive change of 81.67%.This indicates that the balance sheet and financial strength for Cambridge Portuguese Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Cambridge Portuguese Credit Union has increased its total deposits by $10.82 million, resulting in 11.7% 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 Cambridge Portuguese Credit Union has shown is excellent.



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. Cambridge Portuguese Credit Union has $112.13 million in assets with $8.93 million in equity, resulting in a capitalization level of 7.96%, which is below average.

Institution Statistics

NCUA #68046
Year Chartered1928
Primary Regulator
Assets and Liabilities
Assets$112.13 million
Loans$52.42 million
Deposits$103.31 million
Equity Capital$8.39 million
Loan Loss Allowance$541,000
Unbacked Noncurrent Loans$103,000
Real Estate Owned$0
Historic Data - December 2012
Assets$102.20 million
Equity Capital$9.18 million
Loan Loss Allowance$655,000
Unbacked Noncurrent Loans$103,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.65%
Return on Assets0.05%
Return on Equity0.7%
Interest Income$3.33 million

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Cambridge Portuguese Credit Union Savings Account Rates

0.20%$25-Business Savings
0.10%$25-Passbook Savings
0.10%$25-Statement Savings
0.10%$25-Christmas Club
0.10%$25-Kids Club

Cambridge Portuguese Credit Union Money Market Rates

0.25%$100k-Tiered Money Market Checking

Cambridge Portuguese Credit Union Checking Account Rates

0.05%$500-Classic Checking - Checks Not Returned
0.05%$600-Classic Checking - With Check Images
0.05%$25-Navigator Checking Account

Cambridge Portuguese Credit Union CD Rates

0.90%$1k-36 Month CD
0.75%$1k-24 Month CD
0.40%$1k-18 Month CD
0.35%$1k-13 Month CD
0.30%$1k-9 Month CD
0.15%$1k-6 Month CD

Cambridge Portuguese Credit Union IRA Rates

0.90%$500-36 Month IRA (Traditional,Roth,CESA)
0.75%$500-24 Month IRA (Traditional,Roth,CESA)
0.40%$500-18 Month IRA (Traditional,Roth,CESA)
0.35%$500-13 Month IRA (Traditional,CESA,Roth)
0.30%$500-9 Month IRA (Traditional,Roth,CESA)
0.15%$500-6 Month IRA (Traditional,Roth,CESA)

Cambridge Portuguese Credit Union Locations
Branch Office493 Somerville AveSomerville, MA 02143
Branch Office251 Hampshire StCambridge, MA 02139