1. Banks
  2. Beverly Municipal Federal Credit Union

Beverly Municipal Federal Credit Union


Overview / Commentary
www.beverlycreditunion.com
978-922-5254
139 Cabot St
Beverly, MA 01915

Beverly Municipal Federal Credit Union is headquartered in Beverly and is the 111th largest credit union in the state of Massachusetts. It is also the 3,811th largest credit union in the nation. It was established in 1985 and as of December of 2019, it had grown to 2 employees and 1,506 members at 1 location. Beverly Municipal Federal Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of the City of Beverly or the Town of Wenham.
See current membership details

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+

Data as of Q4 2019

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Beverly Municipal Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #24192
Year Chartered1985
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD-0.11%
Return on Equity - YTD-0.65%
Annual Interest Income$462.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$12.2MM$11.9MM
LoansQ4 2019vs Q4 2018$6.6MM$6.9MM
DepositsQ4 2019vs Q4 2018$10.2MM$9.9MM
Equity CapitalQ4 2019vs Q4 2018$2.0MM$2.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$74.00K$61.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$23.00K$24.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Beverly Municipal Federal 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.

Beverly Municipal Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$5-Primary Share
0.10%--Holiday Club
0.10%--Vacation Club
0.10%--Secondary Savings
0.10%--Teachers Club

Beverly Municipal Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Money Market
OTHER TIERS: 0.10% → Up to $10k | 0.25% → $10k - $25k | 0.35% → $25k - $50k | 0.45% → $50k - $100k

Beverly Municipal Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$100-Regular Checking
0.10%$100-eChecking

Beverly Municipal Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$100k*-36 Month Share Certificate
OTHER TIERS: 0.65% → $500 - $25k | 0.70% → $25k - $50k | 0.75% → $50k - $100k
0.75%*$100k*-24 Month Share Certificate
OTHER TIERS: 0.55% → $500 - $25k | 0.60% → $25k - $50k | 0.65% → $50k - $100k
0.60%*$100k*-6 Month Share Certificate
OTHER TIERS: 0.25% → $500 - $25k | 0.30% → $25k - $50k | 0.40% → $50k - $100k
0.60%*$100k*-12 Month Share Certificate
OTHER TIERS: 0.40% → $500 - $25k | 0.45% → $25k - $50k | 0.50% → $50k - $100k
Locations


Beverly Municipal Federal Credit Union Locations
Branch Office139 Cabot StBeverly, MA 01915

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.