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200 Revere Beach Pkwy
Chelsea, MA 02150

Metro Credit Union is headquartered in Chelsea and is the 2nd largest credit union in the state of Massachusetts. It is also the 149th largest credit union in the nation. It was established in 1926 and as of December of 2013, it had grown to 276 employees and 173,094 members. Metro Credit Union's savings rates are 4X the national average, and it has a A health rating.

Field of Membership Restrictions

Membership in Metro Credit Union is open to anyone who lives, works or has a place of business in Essex, Middlesex, Suffolk, Norfolk, Plymouth, Barnstable or Worcester counties. - 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 Metro Credit Union had $5.9 million in non-current loans and owned real-estate with $130.74 million in equity and loan loss allowances on hand to cover it. This gives Metro Credit Union a Texas Ratio of 4.52% 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 Metro Credit Union experienced no significant changes from 4.74% as of December 31, 2012 to 4.52% as of December 31, 2013, resulting in a positive change of 4.62%.This indicates that the balance sheet and financial strength for Metro Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Metro Credit Union has increased its total deposits by $109.44 million, resulting in 11.99% 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 Metro Credit Union 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. Metro Credit Union has $1.28 billion in assets with $130.74 million in equity, resulting in a capitalization level of 10.22%, which is above average.

Institution Statistics

NCUA #66364
Year Chartered1926
Primary Regulator
Assets and Liabilities
Assets$1.28 billion
Loans$1.08 billion
Deposits$1.02 billion
Equity Capital$124.36 million
Loan Loss Allowance$6.39 million
Unbacked Noncurrent Loans$5.77 million
Real Estate Owned$135,000
Historic Data - December 2012
Assets$1.13 billion
Equity Capital$118.33 million
Loan Loss Allowance$7.32 million
Unbacked Noncurrent Loans$5.77 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.1%
Return on Assets0.4%
Return on Equity4.17%
Interest Income$41.10 million

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Metro Credit Union Savings Account Rates

2.00%-$3kMy Reward Savings
0.50%--IRA Accumulator
0.50%--Roth IRA Accumulator
0.50%--CESA Accumulator
0.15%$25-Vacation Club
0.10%$25-Regular Savings
0.10%$25-Christmas Club
0.10%$25-Business Regular Savings
0.10%$25-SMART Savings
0.10%$25-SMART Club

Metro Credit Union Money Market Rates

0.45%$100k-Business Money Market Account
0.35%$75k-Money Market Account
0.30%$50k-High Yield Savings Account

Metro Credit Union Checking Account Rates

0.50%$250k-Business Interest Checking Account
0.15%$25-Free Business Interest Checking Account

Metro Credit Union CD Rates

1.25%$500-60 Month CD
1.25%$500-Business 60 Month CD
0.90%$500-36 Month CD
0.90%$500-Business 36 Month CD
0.75%$500-24 Month CD
0.75%$500-Business 24 Month CD
0.65%$500-18 Month CD
0.65%$500-Business 18 Month CD
0.45%$500-12 Month CD
0.45%$500-Business 12 Month CD
0.45%$100-12 Month Kids CD
0.45%$250-12 Month Teens & Students CD
0.20%$500-6 Month CD
0.15%$500-3 Month CD
0.15%$500-Business 3 Month CD

Metro Credit Union IRA Rates

1.30%$500-60 Month IRA (Traditional,Roth,CESA)
1.00%$500-36 Month IRA (Traditional,Roth,CESA)
0.80%$500-24 Month IRA (Traditional,Roth,CESA)
0.70%$500-18 Month IRA (Traditional,Roth,CESA)
0.55%$500-12 Month IRA (Traditional,Roth,CESA)

Metro Credit Union has 14 locations. Click to view all Metro Credit Union locations.