Overview / Commentary
877-689-9205
500 Broadway # 205
Chelsea, MA 02150-2948

Chelsea Employees Federal Credit Union is headquartered in Chelsea and is the 112th largest credit union in the state of Massachusetts. It is also the 3,765th largest credit union in the nation. It was established in 1935 and as of June of 2018, it had grown to 3 employees and 2,092 members at 1 location. Chelsea Employees Federal Credit Union's savings rates are 15% higher than the national average, and it has a C+ health rating.

Field of Membership Restrictions

Membership is open to employees of the City of Chelsea, the Chelsea Housing Authority, or the Chelsea Restoration Corporation.
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Health
C+
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 - YTD0.18%
Return on Equity - YTD2.04%
Annual Interest Income$236.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$14.0MM$14.3MM
LoansQ2 2018vs Q2 2017$7.7MM$7.2MM
DepositsQ2 2018vs Q2 2017$12.7MM$13.1MM
Equity CapitalQ2 2018vs Q2 2017$1.3MM$1.2MM
Loan Loss AllowanceQ2 2018vs Q2 2017$13.00K$16.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$27.00K$58.00K
Real Estate OwnedQ2 2018vs Q2 2017$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
0.75%$25-IRA Share Account
0.60%*$100k*-Share Savings Account
OTHER TIERS: 0.10% $25 - $20k | 0.25% $20k - $50k | 0.40% $50k - $100k
0.60%*$100k*-Club Account
OTHER TIERS: 0.10% $25 - $20k | 0.25% $20k - $50k | 0.40% $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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