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Overview / Commentary
241 Union St
Rockland, MA 02370

Rockland Federal Credit Union is headquartered in Rockland and is the 3rd largest credit union in the state of Massachusetts. It is also the 153rd largest credit union in the nation. It was established in 1985 and as of March of 2014, it had grown to 150 employees and 161,243 members. Rockland Federal Credit Union's savings rates are 25% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Rockland Federal Credit is a community based credit union founded in 1922. You may qualify and become a member of Rockland Federal Credit Union if you: * Live or work in Barnstable, Bristol, Middlesex, Norfolk, Plymouth or Suffolk Counties * Are an immediate family member of an eligible or current member. - See Details

Reviews (3)

Local Bank Review: Rockland FCU (Mass)

The (4.0%, $50K) RCA was pretty good to start.  The application process is relatiovely easy (online with follow up ID check).  Te account comes with 200 free duplicate checks.  Initially payroll deposit of any amount would meet the requirement, then they changed that at least $100 payroll deposit was needed.  They lower the rate first to 3.8%, then discontinued the RCA offer completely.  We decided to keep the account since they still give us the current 3.25% interest, even without meeting the RCA requirements.  They have high-yield reward saving account that earns 1.8% APY up to $15K (0.9% for balances higher than $15K), but direct payroll deposit of at least $100 is also required. 


Relatively large/stable CU

Excelent customer service

1.8% APY High-yiled savings

Nice (200) duplicate checks

Relatively low fee for all services (any CU should have such customer-freindly features)


RCA was discontinued (grand-fathered)

The 2.25% (up to $5K) Smart Saver Account (mentioned by Ken in thier thread) was also discontinued





Whatever rates they offer, the customer service is so lacking I would lose money before I ever had another account with them.

Rockland Federal Credit Union

I was refused a refinance loan because I am on disability even though my income is adequate and I have an excellent credit rating and not a lot debts. I have other income they said could not apply towards this loan. I feel I was discriminated against and am going to contact Ma. Council on Discrimination.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Rockland Federal Credit Union had $3.17 million in non-current loans and owned real-estate with $153.17 million in equity and loan loss allowances on hand to cover it. This gives Rockland Federal Credit Union a Texas Ratio of 2.07% 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 Rockland Federal Credit Union decreased slightly from 2.62% as of March 31, 2013 to 2.07% as of March 31, 2014, resulting in a positive change of 21.16%.This indicates that the balance sheet and financial strength for Rockland Federal Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Rockland Federal Credit Union has increased its total deposits by $33.99 million, resulting in 3.37% 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 Rockland Federal 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. Rockland Federal Credit Union has $1.31 billion in assets with $153.17 million in equity, resulting in a capitalization level of 11.69%, which is excellent.

Institution Statistics

NCUA #24224
Year Chartered1985
Primary Regulator
Assets and Liabilities
Assets$1.31 billion
Loans$1.17 billion
Deposits$1.04 billion
Equity Capital$141.17 million
Loan Loss Allowance$12.00 million
Unbacked Noncurrent Loans$3.17 million
Real Estate Owned$0
Historic Data - March 2013
Assets$1.18 billion
Equity Capital$129.99 million
Loan Loss Allowance$12.83 million
Unbacked Noncurrent Loans$3.17 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.61%
Return on Assets0.86%
Return on Equity8%
Interest Income$9.25 million

Always verify rates and promotions with the bank or credit union. We are not Rockland Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Rockland Federal Credit Union Savings Account Rates

0.65%-$100kHigh Yield Reward Savings - Qualifying
0.50%--Club Account
0.50%--Christmas Club Account
0.30%$25k-Advantage Savings

Rockland Federal Credit Union Money Market Rates

0.50%$25k-Business Money Market
0.40%$25k-Money Market
0.35%$25k-IRA Money Market
0.35%$25k-Roth IRA Money Market
0.35%$25k-ESA Coverdell IRA Money Market

Rockland Federal Credit Union Checking Account Rates

0.45%$50k-Dividend Checking
0.45%$1,500-Small Business Plus Checking

Rockland Federal Credit Union CD Rates

1.80%$500-5 Year Share Certificate
1.50%$500-4 Year Share Certificate
1.10%$500-3 Year Share Certificate
0.90%$500-2 Year Share Certificate
0.80%$500-15 Month Share Certificate
0.80%$500-18 Month Share Certificate
0.65%$500-1 Year Share Certificate
0.60%$500-14 Month Share Certificate
0.35%$500-6 Month Share Certificate
0.35%$500$100k9 Month Birthday Share Certificate Special
0.25%$500-91 Day Share Certificate

Rockland Federal Credit Union IRA Rates

1.80%$500-5 Year IRA Certificate
1.50%$500-4 Year IRA Certificate
1.10%$500-3 Year IRA Certificate
0.90%$500-2 Year IRA Certificate
0.80%$500-18 Month IRA Certificate
0.65%$500-1 Year IRA Certificate
0.35%$500-6 Month IRA Certificate
0.25%$500-91 Day IRA Certificate

Rockland Federal Credit Union Locations
Branch Office211 Park StAttleboro, MA 02703
Branch Office217 S Main StAttleboro, MA 02703-4160
Branch Office657 Main StWalpole, MA 02081
Branch Office300 Colony Place RdPlymouth, MA 02360-7235
Branch Office76 Copeland DrMansfield, MA 02048-1223
Branch Office850 Moraine StMarshfield, MA 02050-3444
Branch Office1771 Washington StHanover, MA 02339
Branch Office241 Union StRockland, MA 02370
Branch Office652 E Washington St Unit 12North Attleboro, MA 02760-2488