UMassFive College Federal Credit Union is headquartered in Hadley and is the 27th largest credit union in the state of Massachusetts. It is also the 572nd largest credit union in the nation. It was established in 1967 and as of March of 2014, it had grown to 78 employees and 31,150 members. UMassFive College Federal Credit Union has a B+ health rating.
Membership is open to employees and students of the University of Massachusetts system, Amherst College, Hampshire College, Mount Holyoke College, and Smith College, as well as persons who belong to certain other occupational or associational groups with common values. Family/household members of eligible UMassFive members, and retired employees are also eligible. If you aren’t eligible through one of UMassFive's sponsor groups, you can become a member of CISA, River Valley Market, the Leverett Village Co-op, the Old Cremaery Co-op, or the Franklin Community Co-op, or you can become a sustaining member of the UMass Alumni Association. Once you establish a membership there, you are automatically eligible for a UMassFive membership! - See Details
Don't use UMassFive as my primary bank, but do use them for the local branch access. Solid small CU, good customer service and friendly employees. Decent rewards checking. Main reason I don't use them as my main bank is the fairly primitive web presence -- no direct connect for transaction downloads (have to manually log in), ugly website, and no mobile check deposit, although ACH transfers post pretty quickly. No complaints for in-person transactions, though.
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 UMassFive College Federal Credit Union had $2.95 million in non-current loans and owned real-estate with $32.11 million in equity and loan loss allowances on hand to cover it. This gives UMassFive College Federal Credit Union a Texas Ratio of 9.18% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for UMassFive College Federal Credit Union experienced no significant changes from 9.62% as of March 31, 2013 to 9.18% as of March 31, 2014, resulting in a positive change of 4.59%.This indicates that the balance sheet and financial strength for UMassFive College Federal Credit Union has had no significant changes in recent periods.
In the past year, UMassFive College Federal Credit Union has increased its total deposits by $9.14 million, resulting in 2.62% 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 UMassFive College Federal Credit Union has shown is above average.
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. UMassFive College Federal Credit Union has $387.89 million in assets with $32.11 million in equity, resulting in a capitalization level of 8.28%, which is average.
|Assets and Liabilities|
|Equity Capital||$30.00 million|
|Loan Loss Allowance||$2.10 million|
|Unbacked Noncurrent Loans||$2.83 million|
|Real Estate Owned||$118,000|
|Historic Data - March 2013|
|Equity Capital||$28.75 million|
|Loan Loss Allowance||$1.79 million|
|Unbacked Noncurrent Loans||$2.83 million|
|Real Estate Owned||$395,000|
|Profit Margin - Quarterly|
|Net Interest Margin||1.01%|
|Return on Assets||0.61%|
|Return on Equity||7.93%|
|Interest Income||$3.48 million|
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|0.10%||$100||-||IRA Share Account|
|0.30%||$50k||-||Money Fund Share Accounts|
|1.95%||-||$25k||Co-op Advantage Checking - Qualifying|
|0.25%||$500||-||Interest Bearing Checking|
|0.10%||-||-||Co-op Advantage Checking - Non Qualifying|
|1.36%||$500||-||60 Month CD|
|1.15%||$500||-||48 Month CD|
|0.80%||$500||-||36 Month CD|
|0.60%||$500||-||24 Month CD|
|0.60%||$500||-||29 Month CD|
|0.50%||$500||-||22 Month CD|
|0.40%||$500||-||9 Month CD|
|0.40%||$500||-||12 Month CD|
|0.40%||$500||-||15 Month CD|
|0.40%||$500||-||18 Month CD|
|0.30%||$500||-||6 Month CD|
|0.20%||$500||-||90 Day CD|
|1.36%||$100||-||60 Month Fixed IRA|
|1.16%||$100||-||48 Month Fixed IRA|
|0.80%||$100||-||36 Month Fixed IRA|
|0.60%||$100||-||24 Month Fixed IRA|
|0.60%||$100||-||29 Month Fixed IRA|
|0.50%||$100||-||22 Month Fixed IRA|
|0.40%||$100||-||9 Month Fixed IRA|
|0.40%||$100||-||12 Month Fixed IRA|
|0.40%||$100||-||15 Month Fixed IRA|
|0.40%||$100||-||18 Month Fixed IRA|
|0.30%||$100||-||6 Month Fixed IRA|
|0.20%||$100||-||90 Day Fixed IRA|
|UMassFive College Federal Credit Union Locations|
|Branch Office||200 Westgate Center Dr||Hadley, MA 01035|
|Branch Office||1 Campus Center Way Room 224||Amherst, MA 01003|
|Branch Office||243 King St||Northampton, MA 01060|
|Branch Office||5 Lake Ave N Rm S1-820||Worcester, MA 01605-2319|