Beverly Municipal Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
1.51%	1-year CD	1.30% - National Average
0.10%	Savings	2.10% - American Express National Bank High Yield Savings Account
2.33%	3-year CD	1.82% - National Average

View all Beverly Municipal Federal Credit Union rates »

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 117^th largest credit union in the state of Massachusetts. It is also the 3,897^th largest credit union in the nation. It was established in 1985 and as of September of 2018, it had grown to 3 employees and 1,563 members at 1 location. Beverly Municipal Federal Credit Union's CD rates are 68% 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

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Health

B+

Data as of Q3 2018

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 Chartered	1985
Employees	3
Primary Regulator

Profit Margin
Return on Assets - YTD	0.35%
Return on Equity - YTD	2.05%
Annual Interest Income	$302.00K

Assets and Liabilities
Assets	Q3 2018vs Q3 2017	$12.0MM$10.9MM
Loans	Q3 2018vs Q3 2017	$6.3MM$5.4MM
Deposits	Q3 2018vs Q3 2017	$10.0MM$8.9MM
Equity Capital	Q3 2018vs Q3 2017	$2.0MM$2.0MM
Loan Loss Allowance	Q3 2018vs Q3 2017	$51.00K$60.00K
Unbacked Noncurrent Loans	Q3 2018vs Q3 2017	$43.00K$37.00K
Real Estate Owned	Q3 2018vs Q3 2017	$0$0

Rates

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Savings
Money Market
CD

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* 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

APY	MIN	MAX	ACCOUNT NAME
0.10%	$100	-	Primary Share
0.10%	$100	-	Holiday Club
0.10%	$100	-	Vacation Club
0.10%	$100	-	Secondary Savings

Beverly Municipal Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW 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 CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.84%	$500	$250k	21 Month Share Certificate Special (New Money Only)
2.53%	$500	$250k	13 Month Share Certificate Special (New Money Only)
2.33%^*	$100k^*	-	36 Month Share Certificate
OTHER TIERS: 1.97% → $500 - $25k \| 2.02% → $25k - $50k \| 2.12% → $50k - $100k
2.12%^*	$100k^*	-	24 Month Share Certificate
OTHER TIERS: 1.76% → $500 - $25k \| 1.82% → $25k - $50k \| 1.92% → $50k - $100k
1.51%^*	$100k^*	-	12 Month Share Certificate
OTHER TIERS: 0.50% → $500 - $25k \| 1.00% → $25k - $50k \| 1.26% → $50k - $100k
0.60%^*	$100k^*	-	6 Month Share Certificate
OTHER TIERS: 0.25% → $500 - $25k \| 0.30% → $25k - $50k \| 0.40% → $50k - $100k

Locations

Beverly Municipal Federal Credit Union Locations
Branch Office	139 Cabot St	Beverly, MA 01915

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