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UMassFive College Federal Credit Union

Based on 1 review
Overview / Commentary
413-256-5500
P.O. Box 1060
Hadley, MA 01035

UMassFive College Federal Credit Union is headquartered in HADLEY and is the 28th largest credit union in the state of Massachusetts. It is also the 573rd largest credit union in the nation. It was established in 1967 and as of December of 2013, it had grown to 68 employees and 30,868 members. UMassFive College Federal Credit Union has a B health rating.

Field of Membership Restrictions

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

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Reviews (1)

Solid Local Credit Union

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.



Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B+

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 UMassFive College Federal Credit Union had $3.75 million in non-current loans and owned real-estate with $31.37 million in equity and loan loss allowances on hand to cover it. This gives UMassFive College Federal Credit Union a Texas Ratio of 11.95% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for UMassFive College Federal Credit Union experienced no significant changes from 12.84% as of December 31, 2012 to 11.95% as of December 31, 2013, resulting in a positive change of 6.96%.This indicates that the balance sheet and financial strength for UMassFive College Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, UMassFive College Federal Credit Union has increased its total deposits by $7.81 million, resulting in 2.31% 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.

Capitalization

GRADE:
C

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 $375.65 million in assets with $31.37 million in equity, resulting in a capitalization level of 8.35%, which is average.

Institution Statistics

Overall
NCUA #18181
Year Chartered1967
Employees68
Primary Regulator
Assets and Liabilities
Assets$375.65 million
Loans$273.42 million
Deposits$345.50 million
Equity Capital$29.36 million
Loan Loss Allowance$2.01 million
Unbacked Noncurrent Loans$3.63 million
Real Estate Owned$120,000
Historic Data - December 2012
Assets$366.64 million
Equity Capital$28.40 million
Loan Loss Allowance$1.66 million
Unbacked Noncurrent Loans$3.63 million
Real Estate Owned$444,000
Profit Margin - Quarterly
Net Interest Margin3.96%
Return on Assets0.47%
Return on Equity6.04%
Interest Income$13.98 million
Rates

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

UMassFive College Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Share Savings
0.10%--Holiday Club
0.10%$100-IRA Share Account

UMassFive College Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Money Fund Share Accounts

UMassFive College Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.95%-$25kCo-op Advantage Checking
0.25%$500-Interest Bearing Checking
0.10%--Co-op Advantage Checking
0.00%--Free Checking

UMassFive College Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

UMassFive College Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.46%$100-60 Month Variable Rate IRA Certificate (Traditional,Roth,CESA)
1.36%$100-60 Month Fixed IRA (Traditional,Roth,CESA)
1.16%$100-48 Month Fixed IRA (Traditional,Roth,CESA)
0.80%$100-36 Month Fixed IRA (Traditional,Roth,CESA)
0.60%$100-24 Month Fixed IRA (Traditional,Roth,CESA)
0.60%$100-29 Month Fixed IRA (Traditional,Roth,CESA)
0.50%$100-22 Month Fixed IRA (Traditional,Roth,CESA)
0.40%$100-9 Month Fixed IRA (Traditional,Roth,CESA)
0.40%$100-12 Month Fixed IRA (Traditional,Roth,CESA)
0.40%$100-15 Month Fixed IRA (Traditional,Roth,CESA)
0.40%$100-18 Month Fixed IRA (Traditional,Roth,CESA)
0.30%$100-6 Month Fixed IRA (Traditional,Roth,CESA)
0.20%$100-90 Day Fixed IRA (Traditional,Roth,CESA)
Locations


UMassFive College Federal Credit Union Locations
Branch Office200 Westgate Center DrHadley, MA 01035
Branch Office1 Campus Center Way Room 224Amherst, MA 01003
Branch Office243 King StNorthampton, MA 01060
Branch Office5 Lake Ave N Rm S1-820Worcester, MA 01605-2319