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Beverly Municipal Federal Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
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Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
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Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
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Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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 91st largest credit union in the state of Massachusetts. It is also the 3,037th largest credit union in the nation. It was established in 1985 and as of March of 2025, it had grown to 2 employees and 1,887 members at 2 locations. Beverly Municipal Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership in Beverly Municipal Federal Credit Union is open to permanent employees of the City of Beverly, Massachusetts; employees of the Town of Wenham, Massachusetts, who work in Wenham Massachusetts; employees of Beverly School for the Deaf who work in Beverly Massachusetts; and employees of Essex North Shore Agricultural and Technical School District who work in, or are paid or supervised from Hathorne, Massachusetts.
See current membership details

Reviews

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Health
B

Data as of Q1 2025

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 - YTD0.37%
Return on Equity - YTD4.53%
Annual Interest Income$312K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$25.3MM$17.3MM
LoansQ1 2025vs Q1 2024$17.3MM$14.8MM
DepositsQ1 2025vs Q1 2024$22.6MM$14.9MM
Equity CapitalQ1 2025vs Q1 2024$2MM$2MM
Loan Loss AllowanceQ1 2025vs Q1 2024$28K$27K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$0$18K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates

Rates for Beverly Municipal Federal Credit Union are currently being reviewed.

Locations


Beverly Municipal Federal Credit Union Locations
Branch Office139 Cabot StBeverly, MA 01915
Corporate Office7301 Pacific St #7305Omaha, NE 68114

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