NMTW Community Credit Union

NMTW Community Credit Union Locations
40 Market Street
Lowell, MA 01852
(978) 452-9961
www.nmtw.org

NCUA


NMTW Community Credit Union is headquartered in Lowell and is the 16st largest credit union in the state of Massachusetts. It is also the 390th largest credit union in the nation. It was established in 1922 and as of December of 2012, it had grown to 115 employees and 25,540 members. NMTW Community Credit Union's savings rates are 44% higher than the national average, and it boasts a 5-star health rating.

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Add-On CD & Savings Account Promo at NMTW Community Credit Union in MA & NH - Local Only - 6/22/2011

NMTW Community Credit Union continues to offer two good deposit deals. The first is a 33-month add-on CD with a 1.50% APY APY (1.60% APY for the IRA). Minimum deposit is $500, and it allows two additi ...

Top Add-On CD Rate & $100 Savings Account Promo at NMTW Community Credit Union in MA & NH - Local Only - 7/16/2010

NMTW Community Credit Union has several good deposit deals. One is a 33-month add-on CD with a 2.45% APY (2.55% APY for the IRA). Minimum deposit is $500, and it allows two additional deposits to be m ...



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

NMTW Community Credit Union Checking Account Rates

ApyMinMaxProduct
0.25%$2,500-Advantage Checking
0.25%--Benefit Checking
0.25%--Teen Checking
0.25%--Student Checking
0.10%--Commercial Checking

NMTW Community Credit Union Savings Account Rates

ApyMinMaxProduct
0.75%--Kids Super Saver
0.75%--Teen Super Saver
0.75%--Student Super Saver
0.70%$25-IRA Variable Account
0.70%$25-SEP IRA Variable Account
0.70%$25-Business IRA Variable Account
0.25%$15-Kids Smart Saver
0.25%$25-Holiday Club
0.25%$25-Second Savings
0.25%$25-Tax Escrow
0.25%--Business Savings
0.25%$25-Share Savings

NMTW Community Credit Union Money Market Rates

ApyMinMaxProduct
0.50%$100k-Tiered Money Manager Account
0.50%$50k-Business Money Market Account

NMTW Community Credit Union CD Rates

ApyMinMaxProduct
1.74%$500-Business 5 Year CD
1.65%$500-5 Year CD
1.55%$500-Business 4 Year CD
1.45%$500-4 Year CD
1.30%$500-Business 33 Month Add On CD
1.30%$500-Business 3 Year CD
1.20%$500-33 Month Add On CD
1.20%$500-3 Year CD
1.10%$500-Business 2 1/2 Year CD
1.00%$500-2 1/2 Year CD
1.00%$500-Business 2 Year CD
0.90%$500-2 Year CD
0.85%$500-Business 1 1/2 Year CD
0.75%$500-1 1/2 Year CD
0.60%$100$2,500Starter CD 1 Year
0.60%$500-Business 1 Year CD
0.60%$500-Business 13 Month Add On CD
0.50%$500-13 Month Add On CD
0.50%$500-1 Year CD
0.50%$500-Business 6 Month CD
0.40%$500-6 Month CD
0.40%$500-Business 91 Day CD
0.30%$500-91 Day CD

NMTW Community Credit Union IRA Rates

ApyMinMaxProduct
1.74%$500-5 Year IRA
1.74%$500-5 Year SEP IRA
1.74%$500-5 Year Roth IRA
1.55%$500-4 Year IRA
1.55%$500-4 Year SEP IRA
1.55%$500-4 Year Roth IRA
1.30%$500-33 Month Add On IRA
1.30%$500-3 Year IRA
1.30%$500-33 Month Add On SEP IRA
1.30%$500-3 Year SEP IRA
1.30%$500-33 Month Add On Roth IRA
1.30%$500-3 Year Roth IRA
1.10%$500-2 1/2 Year IRA
1.10%$500-2 1/2 Year SEP IRA
1.10%$500-2 1/2 Year Roth IRA
1.00%$500-2 Year IRA
1.00%$500-2 Year SEP IRA
1.00%$500-2 Year Roth IRA
0.85%$500-1 1/2 Year IRA
0.85%$500-1 1/2 Year SEP IRA
0.85%$500-1 1/2 Year Roth IRA
0.60%$500-1 Year IRA
0.60%$500-13 Month Add On IRA
0.60%$500-1 Year SEP IRA
0.60%$500-13 Month Add On SEP IRA
0.60%$500-1 Year Roth IRA
0.60%$500-13 Month Add On Roth IRA
0.50%$500-6 Month IRA
0.50%$500-6 Month SEP IRA
0.50%$500-6 Month Roth IRA
0.40%$500-91 Day IRA
0.40%$500-91 Day SEP IRA
0.40%$500-91 Day Roth IRA

Rates updated: 5/21/2013

Data for Q4 2012


Institution Statistics


NO. MASS. TEL WORKERS COMMUNITY
NCUA #66365
BankRate ReportView
Year Chartered1922
Employees115
Primary Regulator

Assets and Liabilities

Assets$543.54 million
Loans$271.12 million
Deposits$407.86 million
Equity Capital$72.58 million
Loan Loss Allowance$2.66 million
Unbacked Noncurrent Loans$3.72 million
Real Estate Owned$483,000

Historic Data - December 2011

Assets$527.92 million
Equity Capital$69.10 million
Loan Loss Allowance$3.19 million
Unbacked Noncurrent Loans$5.22 million
Real Estate Owned$224,000

Profit Margin - Quarterly

Net Interest Margin4.68%
Return on Assets0.25%
Return on Equity1.89%
Interest Income$17.62 million
Non-Interest Income$5.93 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 NMTW Community Credit Union had $4.2 million in non-current loans and owned real-estate with $75.23 million in equity and loan loss allowances on hand to cover it. This gives NMTW Community Credit Union a Texas Ratio of 5.58% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for NMTW Community Credit Union decreased slightly from 7.53% as of December 31, 2011 to 5.58% as of December 31, 2012, resulting in a positive change of 25.90%.This indicates that the balance sheet and financial strength for NMTW Community Credit Union has improved slightly in recent periods.
Deposit Growth3
In the past year, NMTW Community Credit Union has increased its total deposits by $1.73 million, resulting in 0.43% 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 NMTW Community Credit Union has shown is average.
Capitalization5
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. NMTW Community Credit Union has $543.54 million in assets with $75.23 million in equity, resulting in a capitalization level of 13.84%, which is excellent.
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