Chelsea Employees Federal Credit Union

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1.50% APY

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1.20% APY

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 111^th largest credit union in the state of Massachusetts. It is also the 3,807^th largest credit union in the nation. It was established in 1935 and as of June of 2017, it had grown to 3 employees and 2,048 members at 1 location. Chelsea Employees Federal Credit Union has a B 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.
See current membership details

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Health

B

Data as of Q2 2017

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. 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	0.03%
Return on Equity - YTD	0.32%
Annual Interest Income	$217.00K

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$14.3MM$13.1MM
Loans	Q2 2017vs Q2 2016	$7.2MM$6.6MM
Deposits	Q2 2017vs Q2 2016	$13.1MM$11.9MM
Equity Capital	Q2 2017vs Q2 2016	$1.2MM$1.2MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$16.00K$15.00K
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$58.00K$47.00K
Real Estate Owned	Q2 2017vs Q2 2016	$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

APY	MIN	MAX	ACCOUNT NAME
0.50%	$25	-	IRA Share Account
0.50%	$25	-	Roth IRA Share Account
0.50%	$25	-	Education IRA Share Account
0.40%^*	$100k^*	-	Share Savings Account
OTHER TIERS: 0.10% → $25 - $20k \| 0.20% → $20k - $50k \| 0.30% → $50k - $100k
0.40%^*	$100k^*	-	Club Account
OTHER TIERS: 0.10% → $25 - $20k \| 0.20% → $20k - $50k \| 0.30% → $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