Chelsea Employees Federal Credit Union

Overview / Commentary

www.chelseaefcu.org

877-689-9205

500 Broadway # 205
Chelsea, MA 02150-2948

Chelsea Employees Federal Credit Union is headquartered in Chelsea and is the 108^th largest credit union in the state of Massachusetts. It is also the 3,707^th largest credit union in the nation. It was established in 1935 and as of March of 2019, it had grown to 3 employees and 2,092 members at 1 location. Chelsea Employees Federal Credit Union's savings rates are 44% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Membership in Chelsea Employees Federal Credit Union is open to employees of the City of Chelsea (Massachusetts), the Chelsea Housing Authority, or the Chelsea Restoration Corporation.
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Health

C+

Data as of Q1 2019

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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. Chelsea Employees Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	851
Year Chartered	1935
Employees	3
Primary Regulator

Profit Margin
Return on Assets - YTD	0.26%
Return on Equity - YTD	2.76%
Annual Interest Income	$130.00K

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$14.0MM$14.2MM
Loans	Q1 2019vs Q1 2018	$7.7MM$7.6MM
Deposits	Q1 2019vs Q1 2018	$12.7MM$12.9MM
Equity Capital	Q1 2019vs Q1 2018	$1.3MM$1.3MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$31.00K$20.00K
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$31.00K$119.00K
Real Estate Owned	Q1 2019vs Q1 2018	$0$0

Rates

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Savings
Checking

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

Chelsea Employees Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$100k^*	-	Share Savings Account
OTHER TIERS: 0.10% → $25 - $20k \| 0.30% → $20k - $50k \| 0.50% → $50k - $100k
0.75%	$25	-	IRA Share Account
0.75%^*	$100k^*	-	Club Account
OTHER TIERS: 0.10% → $25 - $20k \| 0.30% → $20k - $50k \| 0.50% → $50k - $100k

Chelsea Employees Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$300	-	Share Draft Checking Account

Locations

Chelsea Employees Federal Credit Union Locations
Branch Office	500 Broadway # 205	Chelsea, MA 02150-2948

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