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 110th largest credit union in the state of Massachusetts. It is also the 3,793rd largest credit union in the nation. It was established in 1985 and as of June of 2019, it had grown to 2 employees and 1,527 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.
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Health
B+

Data as of Q2 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-0.45%
Return on Equity - YTD-2.94%
Annual Interest Income$229.00K
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$12.7MM$11.6MM
LoansQ2 2019vs Q2 2018$7.1MM$6.0MM
DepositsQ2 2019vs Q2 2018$10.7MM$9.7MM
Equity CapitalQ2 2019vs Q2 2018$2.0MM$2.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$70.00K$61.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$10.00K$38.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$100-Primary Share
0.10%$100-Holiday Club
0.10%$100-Vacation Club
0.10%$100-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
2.33%*$100k*-36 Month Share Certificate
OTHER TIERS: 1.97% → $500 - $25k | 2.02% → $25k - $50k | 2.12% → $50k - $100k
2.20%$500$250k18 Month Share Certificate Special (New Money Only)
2.12%*$100k*-24 Month Share Certificate
OTHER TIERS: 1.76% → $500 - $25k | 1.82% → $25k - $50k | 1.92% → $50k - $100k
2.00%$500$250k14 Month Share Certificate Special (New Money Only)
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 Office139 Cabot StBeverly, MA 01915

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