Mass Bay Credit Union

147 W 4th St
South Boston, MA 02127
(800) 628-2328
www.massbaycu.org

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Mass Bay Credit Union is headquartered in South Boston and is the 36^th largest credit union in the state of Massachusetts. It is also the 900^th largest credit union in the nation. It was established in 1936 and as of December of 2012, it had grown to 60 employees and 16,543 members. Mass Bay Credit Union has a 4-star health rating.

Mass Bay Credit Union Routing Number: 211083557

Mass Bay Credit Union Wins Big Field Of Membership Expansion (Forum) - 6/13/2012

From the Credit Union Times: The $193 million Mass Bay Credit Union said this week it has won state and NCUA approval to add a potential 2 million residents in Suffolk and Norfolk counties and 17 area communities to its field of membership. It's alway

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

Mass Bay Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.05%	-	-	NOW Checking

Mass Bay Credit Union Savings Account Rates

Apy	Min	Max	Product
0.15%	$10k	-	Main Share
0.15%	$10k	-	IRA Share Account
0.15%	$10k	-	Roth IRA Share Account
0.15%	$10k	-	CESA Share Account
0.05%	-	-	Vacation Club
0.05%	-	-	Holiday Club

Mass Bay Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.35%	$20k	-	Money Market Account

Mass Bay Credit Union CD Rates

Apy	Min	Max	Product
1.45%	$500	-	60 Month CD
1.20%	$500	-	48 Month CD
0.95%	$500	-	36 Month CD
0.80%	$500	-	24 Month CD
0.65%	$500	-	18 Month CD
0.55%	$500	-	14 Month CD
0.50%	$500	-	12 Month CD
0.35%	$500	-	6 Month CD
0.25%	$500	-	3 Month CD

Mass Bay Credit Union IRA Rates

Apy	Min	Max	Product
1.45%	$500	-	60 Month IRA
1.45%	$500	-	60 Month Roth IRA
1.45%	$500	-	60 Month CESA
1.20%	$500	-	48 Month IRA
1.20%	$500	-	48 Month Roth IRA
1.20%	$500	-	48 Month CESA
0.95%	$500	-	36 Month IRA
0.95%	$500	-	36 Month Roth IRA
0.95%	$500	-	36 Month CESA
0.80%	$500	-	24 Month IRA
0.80%	$500	-	24 Month Roth IRA
0.80%	$500	-	24 Month CESA
0.65%	$500	-	18 Month IRA
0.65%	$500	-	18 Month Roth IRA
0.65%	$500	-	18 Month CESA
0.55%	$500	-	14 Month IRA
0.55%	$500	-	14 Month Roth IRA
0.55%	$500	-	14 Month CESA
0.50%	$500	-	12 Month IRA
0.50%	$500	-	12 Month CESA
0.35%	$500	-	12 Month Roth IRA
0.35%	$500	-	6 Month IRA
0.35%	$500	-	6 Month Roth IRA
0.35%	$500	-	6 Month CESA
0.25%	$500	-	3 Month IRA
0.25%	$500	-	3 Month Roth IRA
0.25%	$500	-	3 Month CESA

Rates updated: 5/18/2013

Data for Q4 2012

Institution Statistics

MASS BAY
NCUA #	68137
BankRate Report	View
Year Chartered	1936
Employees	60
Primary Regulator
Assets and Liabilities
Assets	$196.39 million
Loans	$141.62 million
Deposits	$171.23 million
Equity Capital	$20.76 million
Loan Loss Allowance	$677,000
Unbacked Noncurrent Loans	$3.90 million
Real Estate Owned	$488,000
Historic Data - December 2011
Assets	$188.60 million
Equity Capital	$19.37 million
Loan Loss Allowance	$713,000
Unbacked Noncurrent Loans	$5.36 million
Real Estate Owned	$368,000
Profit Margin - Quarterly
Net Interest Margin	4.47%
Return on Assets	0.55%
Return on Equity	5.16%
Interest Income	$7.88 million
Non-Interest Income	$2.58 million

Institution Health

Overall Score:

4 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 Mass Bay Credit Union had $4.39 million in non-current loans and owned real-estate with $21.44 million in equity and loan loss allowances on hand to cover it. This gives Mass Bay Credit Union a Texas Ratio of 20.47% 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 Mass Bay Credit Union decreased slightly from 28.54% as of December 31, 2011 to 20.47% as of December 31, 2012, resulting in a positive change of 28.27%.This indicates that the balance sheet and financial strength for Mass Bay Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Mass Bay Credit Union has increased its total deposits by $7.01 million, resulting in 4.27% 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 Mass Bay 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. Mass Bay Credit Union has $196.39 million in assets with $21.44 million in equity, resulting in a capitalization level of 10.92%, which is above average.