Average User Rating:
3 star rating based on 2 reviews.

HarborOne Credit Union

770 Oak Street
Brockton, MA 02301
508-895-1000
www.harborone.com

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HarborOne Credit Union is headquartered in Brockton and is the 2^nd largest credit union in the state of Massachusetts. It is also the 69^th largest credit union in the nation. It was established in 1917 and as of December of 2011, it had grown to 266 employees and 140,981 members. HarborOne Credit Union has a 3-star health rating.

Second Largest MA Credit Union Announces Bank Conversion Plan (Forum) - 2/20/2012

Last week the second largest Massachusetts credit union announced to members that its board of directors is considering a conversion to a mutual co-operative bank. The reasons for the conversion that the credit union mentioned include the elimination of g

Top Short-Term and Long-Term CD Rates at HarborOne Credit Union in MA - Local Only - 12/10/2010

HarborOne Credit Union is offering two short-term CD specials: 1.25% APY for a 7-month term and 1.30% APY for a 10-month term. Minimum deposit is $1,000 for a regular CD and $500 for an IRA. The credi ...

4.00% 7-Month CD at HarborOne Credit Union in MA - 11/16/2008

HarborOne Credit Union is offering a special 7-month CD with a yield of 4.00% APY. Minimum deposit is $1,000 ($500 for an IRA). The special is listed at the credit union's rate table as of 11/16/08. Membership is open to people living or working in...

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

HarborOne Credit Union Checking Account Rates

Apy	Min	Max	Product
0.35%	-	$20k	i-Checking
0.10%	$100	-	Advantage Gold
0.05%	-	-	Commercial Checking Earnings Credit

HarborOne Credit Union Savings Account Rates

Apy	Min	Max	Product
0.50%	$25k	-	i-Savings
0.45%	$250k	-	Business Advantage Savings
0.15%	$25	-	Statement Savings
0.15%	$25	-	Passbook Savings
0.05%	-	-	Club Account

HarborOne Credit Union Money Market Rates

Apy	Min	Max	Product
0.50%	$250k	-	Advantage Money Market
0.45%	$100k	$1,200k	Business Money Market
0.20%	$50k	-	Investor’s Money Market

HarborOne Credit Union CD Rates

Apy	Min	Max	Product
1.80%	-	-	60 Month Advantage Gold CD
1.55%	-	-	48 Month Advantage Gold CD
1.50%	-	-	60 Month CD
1.25%	-	-	48 Month CD
1.25%	-	-	36 Month Advantage Gold CD
1.00%	-	-	36 Month CD
0.95%	-	-	30 Month Advantage Gold CD
0.90%	-	-	24 Month Advantage Gold CD
0.85%	-	-	30 Month CD
0.80%	-	-	24 Month CD
0.70%	-	-	10 Month CD Promo
0.60%	-	-	20 Month Bump-Up CD
0.60%	-	-	16 Month Bump-Up CD Promo
0.55%	-	-	18 Month CD
0.50%	-	-	15 Month CD
0.45%	-	-	12 Month CD
0.40%	-	-	9 Month CD
0.35%	-	-	6 Month CD
0.25%	-	-	3 Month CD

HarborOne Credit Union IRA Rates

Apy	Min	Max	Product
1.80%	-	-	60 Month Advantage Gold IRA
1.80%	-	-	60 Month Advantage Gold Roth IRA
1.80%	-	-	60 Month Advantage Gold CESA
1.55%	-	-	48 Month Advantage Gold IRA
1.55%	-	-	48 Month Advantage Gold Roth IRA
1.55%	-	-	48 Month Advantage Gold CESA
1.50%	-	-	60 Month IRA
1.50%	-	-	60 Month Roth IRA
1.50%	-	-	60 Month CESA
1.25%	-	-	48 Month IRA
1.25%	-	-	36 Month Advantage Gold IRA
1.25%	-	-	36 Month Advantage Gold Roth IRA
1.25%	-	-	48 Month Roth IRA
1.25%	-	-	36 Month Advantage Gold CESA
1.25%	-	-	48 Month CESA
1.00%	-	-	36 Month IRA
1.00%	-	-	36 Month Roth IRA
1.00%	-	-	36 Month CESA
0.95%	-	-	30 Month Advantage Gold IRA
0.95%	-	-	30 Month Advantage Gold Roth IRA
0.95%	-	-	30 Month Advantage Gold CESA
0.90%	-	-	24 Month Advantage Gold IRA
0.90%	-	-	24 Month Advantage Gold Roth IRA
0.90%	-	-	24 Month Advantage Gold CESA
0.85%	-	-	30 Month IRA
0.85%	-	-	30 Month Roth IRA
0.85%	-	-	30 Month CESA
0.80%	-	-	24 Month IRA
0.80%	-	-	24 Month Roth IRA
0.80%	-	-	24 Month CESA
0.70%	-	-	10 Month CESA Promo
0.70%	-	-	10 Month IRA Promo
0.70%	-	-	10 Month Roth IRA Promo
0.60%	-	-	20 Month Bump-Up IRA
0.60%	-	-	20 Month Bump-Up Roth IRA
0.60%	-	-	20 Month Bump-Up CESA
0.60%	-	-	16 Month Bump-Up CESA Promo
0.60%	-	-	16 Month Bump-Up IRA Promo
0.60%	-	-	16 Month Bump-Up Roth IRA Promo
0.55%	-	-	18 Month IRA
0.55%	-	-	18 Month Roth IRA
0.55%	-	-	18 Month CESA
0.50%	-	-	15 Month IRA
0.50%	-	-	15 Month Roth IRA
0.50%	-	-	15 Month CESA
0.45%	-	-	12 Month IRA
0.45%	-	-	12 Month Roth IRA
0.45%	-	-	12 Month CESA
0.40%	-	-	9 Month IRA
0.40%	-	-	9 Month Roth IRA
0.40%	-	-	9 Month CESA
0.35%	-	-	6 Month IRA
0.35%	-	-	6 Month Roth IRA
0.35%	-	-	6 Month CESA
0.25%	-	-	3 Month IRA
0.25%	-	-	3 Month Roth IRA
0.25%	-	-	3 Month CESA

Rates updated: 5/26/2012

Data for Q4 2011

Institution Statistics

HARBORONE
NCUA #	67560
BankRate Report	View
Year Chartered	1917
Employees	266
Primary Regulator
Assets and Liabilities
Assets	$1.87 billion
Loans	$1.55 billion
Deposits	$1.33 billion
Equity Capital	$167.75 million
Loan Loss Allowance	$17.92 million
Unbacked Noncurrent Loans	$32.05 million
Real Estate Owned	$2.96 million
Historic Data - December 2010
Assets	$1.85 billion
Equity Capital	$159.78 million
Loan Loss Allowance	$16.74 million
Unbacked Noncurrent Loans	$26.95 million
Real Estate Owned	$1.78 million
Profit Margin - Quarterly
Net Interest Margin	3.36%
Return on Assets	0.38%
Return on Equity	4.18%
Interest Income	$71.25 million
Non-Interest Income	$15.29 million

Institution Health

Overall Score:

3 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 HarborOne Credit Union had $35.01 million in non-current loans and owned real-estate with $185.67 million in equity and loan loss allowances on hand to cover it. This gives HarborOne Credit Union a Texas Ratio of 18.86% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for HarborOne Credit Union held steady from 16.28% as of December 31, 2010 to 18.86% as of December 31, 2011, resulting in a negative change of 15.86%. This indicates that the balance sheet and financial strength for HarborOne Credit Union has held steady in recent periods.
Deposit Growth
In the past year, HarborOne Credit Union has increased its total deposits by $2.46 million, resulting in 0.19% 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 HarborOne Credit Union has shown is 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. HarborOne Credit Union has $1.87 billion in assets with $185.67 million in equity, resulting in a capitalization level of 9.94%, which is average.

Not Helpful!!
1 stars

- BillR1722 - Monday, April 2, 2012 - 9:29 PM

I have a vehicle loan with the credit union; they inaccurately reported I was late on my payments. When I contacted them and reported the problem and they could have cared less. The customer service rep. in the loan servicing department didn’t want to be bothered and couldn’t wait to get me off the phone. Won’t use them again.

Harborone Credit Union
5 stars

- Yesir678 - Sunday, May 29, 2011 - 5:46 AM

This bank is great. They have low fees, great employees and great products. I have been a loyal customer for over 10 years. I will never go to another bank.

HarborOne Credit Union

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