Leominster Credit Union

20 Adams Street
Leominster, MA 01453
(978) 537-8021
www.leominstercu.com

NCUA

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Leominster Credit Union is headquartered in Leominster and is the 13^st largest credit union in the state of Massachusetts. It is also the 347^th largest credit union in the nation. It was established in 1954 and as of December of 2012, it had grown to 120 employees and 49,106 members. Leominster Credit Union has a 5-star health rating.

Top 3-Year CD Rate at Leominster Credit Union in MA - Local Only - 2/2/2012

If a 5-year term is too long for you, a 3-year CD may be a better maturity length. Unfortunately, most 3-year CD rates are under 2.00%. That's not the case with Leominster Credit Union which was one o ...

3.00% 30-Month CD & 2.50% 18-Month CD at Leominster Credit Union in MA - Local Only - 10/6/2009

Leominster Credit Union continues to offer very competitive mid-term CD and IRA CD rates. Below is a list of these rates based on the credit union's rate table as of 10/06/09.2.50% APY 18 month2.75% APY 24 month3.00% APY 30 month3.10% APY 36 monthMinimum...

2.00% 7-Month CD & 2.50% 18-Month CD at Leominster Credit Union in MA - Local Only - 8/4/2009

Leominster Credit Union is offering a special 7-month CD with a 2.00% APY. Minimum deposit is $1,000. Some of the credit union's standard CDs are also competitive. These include a 2.50% APY 18-month CD and a 2.75% APY 2-year CD. The standard CDs are also...

4.01% Reward Checking Account at Leominster Credit Union in MA - Local Only - 6/9/2009

Update 11/22/09: The 4.01% APY is guaranteed until 12/31/09.Leominster Credit Union has a reward checking account that it calls Remarkable Rewards Checking. The account offers the following rates and features if certain monthly requirements are met:4.01%...

2009

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

Leominster Credit Union Checking Account Rates

Apy	Min	Max	Product
2.00%	$25	$25k	Remarkable Rewards Checking
0.20%	$5k	-	Premium Perks Checking
0.10%	$25	-	A+ Checking
0.10%	$25	-	DirectConnect Checking
0.10%	$25	-	Special Privileges Checking

Leominster Credit Union Savings Account Rates

Apy	Min	Max	Product
0.50%	$50k	-	Premium Savings
0.25%	$25	-	Daily IRA Savings Account
0.25%	$25	-	Daily Roth IRA Savings Account
0.25%	$25	-	Daily CESA Savings Account
0.15%	$2k	-	Sterling Set
0.10%	$25	-	A+ Savings
0.10%	$25	-	Vacation Club Accounts
0.10%	$25	-	Regular Savings - Statement
0.10%	$25	-	Regular Savings - Passbook
0.10%	$25	-	Holiday Club Accounts

Leominster Credit Union Money Market Rates

Apy	Min	Max	Product
0.50%	$50k	-	VIP Money Market Account
0.25%	$10k	-	Premium Money Market Account

Leominster Credit Union CD Rates

Apy	Min	Max	Product
1.50%	$1k	-	5 Year Term Share CD
1.25%	$1k	-	4 Year Term Share CD
1.00%	$1k	-	3 Year Term Share CD
0.80%	$1k	-	2 Year Term Share CD
0.70%	$1k	-	30 Month Term Share CD
0.60%	$1k	-	18 Month Term Share CD
0.50%	$1k	-	1 Year Term Share CD
0.30%	$1k	-	6 Month Term Share CD
0.20%	$1k	-	90 Day Term Share CD

Leominster Credit Union IRA Rates

Apy	Min	Max	Product
1.50%	$1k	-	5 Year Term Share IRA
1.50%	$1k	-	5 Year Term Share Roth IRA
1.50%	$1k	-	5 Year Term Share CESA
1.25%	$1k	-	4 Year Term Share IRA
1.25%	$1k	-	4 Year Term Share Roth IRA
1.25%	$1k	-	4 Year Term Share CESA
1.00%	$1k	-	3 Year Term Share IRA
1.00%	$1k	-	3 Year Term Share Roth IRA
1.00%	$1k	-	3 Year Term Share CESA
0.80%	$1k	-	2 Year Term Share IRA
0.80%	$1k	-	2 Year Term Share Roth IRA
0.80%	$1k	-	2 Year Term Share CESA
0.70%	$1k	-	30 Month Term Share IRA
0.70%	$1k	-	30 Month Term Share Roth IRA
0.70%	$1k	-	30 Month Term Share CESA
0.60%	$1k	-	18 Month Term Share IRA
0.60%	$1k	-	18 Month Term Share Roth IRA
0.60%	$1k	-	18 Month Term Share CESA
0.50%	$1k	-	1 Year Term Share IRA
0.50%	$1k	-	1 Year Term Share Roth IRA
0.50%	$1k	-	1 Year Term Share CESA

Rates updated: 5/19/2013

Data for Q4 2012

Institution Statistics

LEOMINSTER
NCUA #	66699
BankRate Report	View
Year Chartered	1954
Employees	120
Primary Regulator
Assets and Liabilities
Assets	$608.27 million
Loans	$348.42 million
Deposits	$474.97 million
Equity Capital	$59.56 million
Loan Loss Allowance	$1.66 million
Unbacked Noncurrent Loans	$2.51 million
Real Estate Owned	$960,000
Historic Data - December 2011
Assets	$614.46 million
Equity Capital	$59.85 million
Loan Loss Allowance	$1.55 million
Unbacked Noncurrent Loans	$1.87 million
Real Estate Owned	$1.09 million
Profit Margin - Quarterly
Net Interest Margin	3.52%
Return on Assets	0.2%
Return on Equity	2.09%
Interest Income	$21.40 million
Non-Interest Income	$4.66 million

Institution Health

Overall Score:

5 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, 2012 Leominster Credit Union had $3.47 million in non-current loans and owned real-estate with $61.22 million in equity and loan loss allowances on hand to cover it. This gives Leominster Credit Union a Texas Ratio of 5.67% 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 Leominster Credit Union held steady from 4.83% as of December 31, 2011 to 5.67% as of December 31, 2012, resulting in a negative change of 17.49%. This indicates that the balance sheet and financial strength for Leominster Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Leominster Credit Union has increased its total deposits by $12.71 million, resulting in 2.75% 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 Leominster Credit Union has shown is above 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. Leominster Credit Union has $608.27 million in assets with $61.22 million in equity, resulting in a capitalization level of 10.06%, which is above average.