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Overview / Commentary
1 Liberty Square
Boston, MA 02109

Industrial CU (MA) is headquartered in Boston and is the 41st largest credit union in the state of Massachusetts. It is also the 1,095th largest credit union in the nation. It was established in 1910 and as of December of 2013, it had grown to 7 employees and 2,119 members. Industrial CU (MA)'s CD rates are 22% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Anyone who lives or works in the Greater Boston area is eligible for membership. Once a member, always a member, even if you move to another state. To become a member, simply open a Savings, NOW or NOW Plus Checking Account, Certificate of Deposit or IRA. Membership is free and immediate! - 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 Industrial CU (MA) had $486,000 in non-current loans and owned real-estate with $17.18 million in equity and loan loss allowances on hand to cover it. This gives Industrial CU (MA) a Texas Ratio of 2.83% 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 Industrial CU (MA) decreased dramatically from 15.16% as of December 31, 2012 to 2.83% as of December 31, 2013, resulting in a positive change of 81.34%.This indicates that the balance sheet and financial strength for Industrial CU (MA) has improved dramatically in recent periods.

Deposit Growth


In the past year, Industrial CU (MA) has increased its total deposits by $6 million, resulting in 4.51% 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 Industrial CU (MA) 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. Industrial CU (MA) has $155.85 million in assets with $17.18 million in equity, resulting in a capitalization level of 11.03%, which is excellent.

Institution Statistics

NCUA #67994
Year Chartered1910
Primary Regulator
Assets and Liabilities
Assets$155.85 million
Loans$96.32 million
Deposits$139.06 million
Equity Capital$16.38 million
Loan Loss Allowance$799,000
Unbacked Noncurrent Loans$4,000
Real Estate Owned$482,000
Historic Data - December 2012
Assets$150.28 million
Equity Capital$16.41 million
Loan Loss Allowance$791,000
Unbacked Noncurrent Loans$4,000
Real Estate Owned$482,000
Profit Margin - Quarterly
Net Interest Margin2.79%
Return on Assets0.55%
Return on Equity5.19%
Interest Income$4.73 million
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Industrial CU (MA) Savings Account Rates

0.50%$50-Savings Account

Industrial CU (MA) Checking Account Rates

0.75%$2,500-NOWPlus Checking
0.25%$200-NOW Checking

Industrial CU (MA) CD Rates

2.02%$1k-60 Month CD
1.96%$1k-48 Month CD
1.55%$1k-36 Month CD
1.30%$1k-24 Month CD
1.10%$1k-12 Month CD
1.05%$1k-18 Month CD
0.90%$1k-6 Month CD

Industrial CU (MA) IRA Rates

2.02%$1k-60 Month IRA (Traditional,Roth)
1.96%$1k-48 Month IRA (Traditional,Roth)
1.55%$1k-36 Month IRA (Traditional,Roth)
1.30%$1k-24 Month IRA (Traditional,Roth)
1.10%$1k-12 Month IRA (Traditional,Roth)
1.05%$1k-18 Month IRA (Traditional,Roth)
0.90%$1k-6 Month IRA (Traditional,Roth)

Industrial CU (MA) Locations
Branch Office1 Liberty SqBoston, MA 02109