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Central One Federal Credit Union


Overview / Commentary
www.centralfcu.com
800-527-1017
714 Main St
Shrewsbury, MA 01545

Central One Federal Credit Union is headquartered in Shrewsbury and is the 16th largest credit union in the state of Massachusetts. It is also the 530th largest credit union in the nation. It was established in 1952 and as of December of 2023, it had grown to 119 employees and 38,557 members at 6 locations. Central One Federal Credit Union's money market rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Central One Federal Credit Union is open to those who live, work, worship, attend school, volunteer, or own a business anywhere in Worcester County, as well as parts of Middlesex and Norfolk Counties. Also included are family or household members of existing members, and businesses or other legal entities located within this area.
See current membership details

Related Posts

Central One Fed Credit Union (MA) Adds Competitive 15-Month CD Special - 9/1/2023

Central One Federal Credit Union (MA) has added a near rate-leading 15-month Certificate Special. $1k minimum opening deposit of new money, with no balance cap.

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Health
B+

Data as of Q4 2023

Learn why bank health matters

Health Grade Components

Overall
NCUA #8218
Year Chartered1952
Employees119
Primary Regulator
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD7.72%
Annual Interest Income$30.9MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$800.6MM$762.1MM
LoansQ4 2023vs Q4 2022$618.1MM$574.1MM
DepositsQ4 2023vs Q4 2022$665.5MM$656.9MM
Equity CapitalQ4 2023vs Q4 2022$67.8MM$64.5MM
Loan Loss AllowanceQ4 2023vs Q4 2022$2.9MM$1.6MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$4.5MM$965K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Central One Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Central One Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Regular Savings Account
0.05%--Oakie Super Savers Club Savings
0.05%--IRA Savings
0.05%--Coverdell Education Savings Account

Central One Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$200k*-Business Money Market
OTHER TIERS: 1.00% → Up to $5m | 1.50% → $50k - $100k | 2.00% → $100k - $200k
1.40%*$100k*-Premium Money Market
OTHER TIERS: 0.95% → Up to $10k | 1.00% → $10k - $50k | 1.10% → $50k - $100k
1.00%--Maxi Fund Money Market

Central One Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.21%--IOLTA Checking
1.00%*$100k*-Business Solutions Plus Interest Checking
OTHER TIERS: 0.30% → $25k - $50k | 0.75% → $50k - $100k
0.05%--Regular Checking

Central One Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k-9 Month Certificate Special - New Money
5.00%$10k-9 Month Premium Certificate Special - New Money
4.35%$10k-18 Month Premium Certificate
4.10%$1k-18 Month Certificate
3.75%$100-2 Year Future Investor Premium Certificate
3.75%$10k-2 Year Premium Certificate
3.50%$1k-2 Year Certificate
3.50%$10k-30 Month Premium Certificate
3.50%$10k-3 Year Premium Certificate
3.25%$1k-3 Year Certificate
3.25%$1k-30 Month Certificate
3.25%$10k-5 Year Premium Certificate
3.00%$1k-5 Year Certificate
2.75%$100-1 Year Future Investor Premium Certificate
2.75%$10k-1 Year Premium Certificate
2.50%$1k-1 Year Certificate
1.00%$10k-6 Month Premium Certificate
0.75%$1k-6 Month Certificate

Central One Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k-9 Month IRA Special - New Money
5.00%$10k-9 Month Premium IRA Special - New Money
4.35%$10k-18 Month Premium IRA
4.10%$1k-18 Month IRA
3.75%$10k-2 Year Premium IRA
3.50%$1k-2 Year IRA
3.50%$10k-30 Month Premium IRA
3.50%$10k-3 Year Premium IRA
3.25%$1k-3 Year IRA
3.25%$1k-30 Month IRA
3.25%$10k-5 Year Premium IRA
3.00%$1k-5 Year IRA
2.75%$10k-1 Year Premium IRA
2.50%$1k-1 Year IRA
1.00%$10k-6 Month Premium IRA
0.75%$1k-6 Month IRA
Locations


Central One Federal Credit Union Locations
Branch Office714 Main StShrewsbury, MA 01545
Branch Office148 Main StNorthborough, MA 01532
Branch Office63 Southbridge StAuburn, MA 01501
Branch Office40 South StWestborough, MA 01581
Branch Office123 Summer St Ste 510Worcester, MA 01608-1216
Branch Office82 Prospect StMilford, MA 01757

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