Arrha Credit Union

Overview / Commentary
145 Industry Ave
Springfield, MA 01104

Arrha Credit Union is headquartered in Springfield and is the 49th largest credit union in the state of Massachusetts. It is also the 1,410th largest credit union in the nation. It was established in 1929 and as of March of 2020, it had grown to 20 employees and 9,324 members at 2 locations. Arrha Credit Union has a B+ health rating.

Field of Membership Restrictions

Arrha CU is open to anyone, and their direct family, who holds residence or works in any of the following Massachusetts Counties; Hampden, Hampshire, or Franklin.
See current membership details

Reviews (1)

Treated Me Very Badly.

I made an inquiry a week ago, ended up playing phone tag with a man in the Hadley office, only to not hear directly back from him for days. He simply stopped trying to get ahold of me. When I tried to call him once more, I left a msg on his voicemail, only for him to return my call with an unprofessional and angry sounding msg. I did receive a letter shortly after that, but the letter had wrong information on it. If he returned my phone call and spoke to me directly, there would not have been a misunderstanding. I may or may not have gotten the outcome I would have wanted out of this new information, but it would have made me feel like I mattered. An angry and rude voicemail? Really? If I blew off ppl at my job, I would be fired. Can't treat ppl like that. Not right. As of today, it is having negative financial ramifications that are totally unfair to me as a consumer and may not be rectified.


Health Grade Components

NCUA #61189
Year Chartered1929
Primary Regulator
Profit Margin
Return on Assets - YTD0.1%
Return on Equity - YTD1.19%
Annual Interest Income$1.0MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$132.3MM$140.4MM
LoansQ1 2020vs Q1 2019$91.7MM$98.0MM
DepositsQ1 2020vs Q1 2019$109.7MM$113.6MM
Equity CapitalQ1 2020vs Q1 2019$11.4MM$11.0MM
Loan Loss AllowanceQ1 2020vs Q1 2019$335.00K$365.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$278.00K$862.00K
Real Estate OwnedQ1 2020vs Q1 2019$0$0
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Always verify rates and promotions with the bank or credit union. We are not Arrha Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Arrha Credit Union Savings Account Rates

0.20%*$10k*-IRA Savings Account
OTHER TIERS: 0.15% $25 - $10k
0.10%$25-Coverdell Education Savings Account
0.03%$25-Savings Account
0.03%--Club Account

Arrha Credit Union Money Market Rates

0.25%*$100k*-Money Market Share Account
OTHER TIERS: 0.15% Up to $100k

Arrha Credit Union Checking Account Rates

0.05%--Interest Checking Account

Arrha Credit Union CD Rates

1.00%$1k-5 Year Share Certificate
0.60%$1k-3 Year Share Certificate
0.45%$1k-2 Year Share Certificate
0.35%$1k-18 Month Share Certificate
0.30%$1k-1 Year Share Certificate
0.15%$1k-3 Month Share Certificate
0.15%$1k-6 Month Share Certificate

Arrha Credit Union Locations
Branch Office145 Industry AveSpringfield, MA 01104-3222
Branch Office63 Park AveWest Springfield, MA 01089-3303

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