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Chelsea Employees Federal Credit Union


Overview / Commentary
www.chelseaefcu.org
617-884-3599
205 City Hall
Chelsea, MA 02150

Chelsea Employees Federal Credit Union is headquartered in Chelsea and is the 107th largest credit union in the state of Massachusetts. It is also the 3,663rd largest credit union in the nation. It was established in 1935 and as of December of 2019, it had grown to 3 employees and 2,105 members at 1 location. Chelsea Employees Federal Credit Union has a B 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
B

Data as of Q4 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 Chartered1935
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD4.21%
Annual Interest Income$531.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$14.2MM$13.4MM
LoansQ4 2019vs Q4 2018$8.1MM$8.1MM
DepositsQ4 2019vs Q4 2018$12.8MM$12.1MM
Equity CapitalQ4 2019vs Q4 2018$1.4MM$1.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$28.00K$30.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$34.00K$116.00K
Real Estate OwnedQ4 2019vs Q4 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.

Chelsea Employees Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Share Savings Account
OTHER TIERS: 0.10% → $25 - $20k | 0.20% → $20k - $50k | 0.35% → $50k - $100k
0.50%$25-IRA Share Account
0.50%*$100k*-Club Account
OTHER TIERS: 0.10% → $25 - $20k | 0.20% → $20k - $50k | 0.35% → $50k - $100k

Chelsea Employees Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$300-Share Draft Checking Account
Locations


Chelsea Employees Federal Credit Union Locations
Branch Office500 Broadway # 205Chelsea, MA 02150-2948

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