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800-656-4328
1610 Eglin St
Hanscom Afb, MA 01731

Hanscom Credit Union is headquartered in Hanscom AFB and is the 5th largest credit union in the state of Massachusetts. It is also the 198th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 161 employees and 52,667 members. Hanscom Credit Union's savings rates are 6X the national average, and it has a A health rating.

Field of Membership Restrictions

You can join Hanscom FCU even if you are not eligible for membership through your employer or family. That's because you are automatically eligible to join us if you are an active member in one of our partner organizations. Once established, your membership with Hanscom FCU continues even if you no longer participate in any of our partner organizations. Air Force Association: AFA is a national, nonprofit, civilian organization that promotes public understanding of aerospace power and its role in our nation's security. Burlington Players: Burlington Players are an adult, all volunteer theater group open to those ages 18 and over. Nashua River Watershed Association: NRWA's mission is to work for a healthy ecosystem with clean water and open spaces for human and wildlife communities in the Nashua River watershed. - See Details

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Reviews (1)

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Unfriendly. Would not recommend.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 Hanscom Credit Union had $4.19 million in non-current loans and owned real-estate with $102.4 million in equity and loan loss allowances on hand to cover it. This gives Hanscom Credit Union a Texas Ratio of 4.09% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Hanscom Credit Union decreased dramatically from 5.97% as of December 31, 2012 to 4.09% as of December 31, 2013, resulting in a positive change of 31.47%.This indicates that the balance sheet and financial strength for Hanscom Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Hanscom Credit Union has increased its total deposits by $38.35 million, resulting in 4.3% 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 Hanscom Credit Union 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. Hanscom Credit Union has $1.05 billion in assets with $102.4 million in equity, resulting in a capitalization level of 9.78%, which is above average.

Institution Statistics

Overall
NCUA #9095
Year Chartered1953
Employees161
Primary Regulator
Assets and Liabilities
Assets$1.05 billion
Loans$699.88 million
Deposits$929.60 million
Equity Capital$94.46 million
Loan Loss Allowance$7.94 million
Unbacked Noncurrent Loans$4.12 million
Real Estate Owned$70,000
Historic Data - December 2012
Assets$1.01 billion
Equity Capital$90.48 million
Loan Loss Allowance$8.51 million
Unbacked Noncurrent Loans$4.12 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.23%
Return on Assets0.58%
Return on Equity6.38%
Interest Income$31.01 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Hanscom Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Hanscom Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
3.00%--CU Thrive
0.75%$25k-Higher-Yield Savings
0.45%$250-EasyStart CD
0.20%$25-Share Savings
0.20%--Holiday & Vacation Club
0.20%--IRA Share
0.20%--Roth IRA Share

Hanscom Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.55%$75k-Money Market Account
0.55%$75k-Business Investment Account
0.55%$75k-IRA Money Market
0.55%$75k-Roth IRA Money Market

Hanscom Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Premier Checking

Hanscom Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.75%$1k-60 Month CD
1.60%$1k-48 Month CD Special
1.10%$1k-30 to 59 Month CD
0.90%$1k-18 to 29 Month CD
0.85%$1k-11 Month CD Special
0.75%$1k-12 to 17 Month CD
0.55%$1k-6 to 11 Month CD
0.45%$1k-3 to 5 Month CD

Hanscom Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.75%$500-60 Month IRA (Traditional,Roth)
1.10%$500-30 Month IRA (Traditional,Roth)
0.90%$500-18 Month IRA (Traditional,Roth)
0.75%$500-12 Month IRA (Traditional,Roth)
0.55%$500-6 Month IRA (Traditional,Roth)
Locations

Hanscom Credit Union has 17 locations. Click to view all Hanscom Credit Union locations.