City Of Boston Credit Union

Overview / Commentary
1 Union St
Boston, MA 02108

City Of Boston Credit Union is headquartered in BOSTON and is the 29th largest credit union in the state of Massachusetts. It is also the 628th largest credit union in the nation. It was established in 1915 and as of June of 2019, it had grown to 87 employees and 30,528 members at 9 locations. City Of Boston Credit Union's money market rates are 93% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in City Of Boston Credit Union is open to those who live or work in Suffolk or Norfolk Counties in Massachusetts and to employees of the City of Boston or of the Commonwealth of Massachusetts.
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Reviews (2)

City of Boston CU review

I previously had a savings account at City of Boston Credit Union for about two years. The interest rates were competitive among other physical banks and credit unions in the area, but I ultimately left the credit union and opened a savings account with an online-only bank since I found the interest rates there were significantly higher. I also didn't like that the credit union's online interface seemed really outdated and was hard to use, so I relied on monthly paper statements instead which isn't something I prefer. Because the online system wasn't efficient, I went to the physical location of the bank whenever I needed to do something, which wasn't at all convenient since there were so few physical locations.

Not Worth The Hassle

With the lack of deposit-taking ATMs, the hidden policies that are not recorded in any of their terms and conditions (and that they will even acknowledge aren't published publicly), the minuscule dividend payments, the multiple data errors, and the generally unfriendly staff (at least at my branch), this is just not what I'm looking for in a credit union. Luckily, other credit unions in the area make it easy to switch accounts, so that is just what I intend to do.


Health Grade Components

NCUA #67841
Year Chartered1915
Primary Regulator
Profit Margin
Return on Assets - YTD0.12%
Return on Equity - YTD0.99%
Annual Interest Income$9.8MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$448.1MM$396.4MM
LoansQ2 2019vs Q2 2018$328.4MM$299.9MM
DepositsQ2 2019vs Q2 2018$352.4MM$306.8MM
Equity CapitalQ2 2019vs Q2 2018$52.3MM$47.4MM
Loan Loss AllowanceQ2 2019vs Q2 2018$2.3MM$2.1MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$4.4MM$4.1MM
Real Estate OwnedQ2 2019vs Q2 2018$0$0
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Always verify rates and promotions with the bank or credit union. We are not City Of Boston Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

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

City Of Boston Credit Union Savings Account Rates

0.50%$25-IRA Savings Account
0.10%$25-Main Share Account
0.10%$25-All-Purpose Club Account
0.10%$25-Thrift Club Account
0.10%$25-Vacation Club
0.10%$25-Holiday Club Account
0.10%$5-WINcentive Savings

City Of Boston Credit Union Money Market Rates

0.85%*$50k*-Money Market Account
OTHER TIERS: 0.20% $1k - $20k | 0.60% $20k - $50k

City Of Boston Credit Union Checking Account Rates

0.05%$25-NOW Accounts

City Of Boston Credit Union CD Rates

2.80%$50k-60 Month Jumbo Share Certificate
2.70%$500-60 Month Share Certificate
2.60%$500-58 Month Bump-Up CD Special
2.45%$50k-48 Month Jumbo Share Certificate
2.40%$500-23 Month Share Certificate Special
2.35%$500-48 Month Share Certificate
2.25%$500-46 Month Bump-Up CD Special
2.20%$50k-36 Month Jumbo Share Certificate
2.10%$500-36 Month Share Certificate
2.00%$500-34 Month Bump-Up CD Special
1.95%$500-13 Month Share Certificate Special
1.90%$50k-30 Month Jumbo Share Certificate
1.80%$500-30 Month Share Certificate
1.80%$50k-24 Month Jumbo Share Certificate
1.70%$500-24 Month Share Certificate
1.60%$50k-18 Month Jumbo Share Certificate
1.50%$500-18 Month Share Certificate
1.50%$50k-12 Month Jumbo Share Certificate
1.40%$500-12 Month Share Certificate
0.85%$50k-8 Month Jumbo Share Certificate
0.80%$50k-6 Month Jumbo Share Certificate
0.75%$500-8 Month Share Certificate
0.70%$500-6 Month Share Certificate
0.60%$50k-3 Month Jumbo Share Certificate
0.50%$500-3 Month Share Certificate

City Of Boston Credit Union IRA Rates

2.80%$50k-60 Month Jumbo IRA
2.70%$500-60 Month IRA
2.45%$50k-48 Month Jumbo IRA
2.40%$500-23 Month IRA Special
2.35%$500-48 Month IRA
2.20%$50k-36 Month Jumbo IRA
2.10%$500-36 Month IRA
1.95%$500-13 Month IRA Special
1.90%$50k-30 Month Jumbo IRA
1.80%$50k-24 Month Jumbo IRA
1.80%$500-30 Month IRA
1.70%$500-24 Month IRA
1.60%$50k-18 Month Jumbo IRA
1.50%$50k-12 Month Jumbo IRA
1.50%$500-18 Month IRA
1.40%$500-12 Month IRA

City Of Boston Credit Union Locations
Branch Office360 Huntington Ave 129 Cullinane HallBoston, MA 02115-5005
Branch Office130 W BroadwaySouth Boston, MA 02127-1018
Branch Office270 Central AveJohnston, RI 02919-4923
Branch Office1151 Boston Providence TpkeNorwood, MA 02062
Branch Office1 UNION STBOSTON, MA 02108
Branch Office77 SPRING STWEST ROXBURY, MA 02132-4302
Branch OfficeCITY HALLBOSTON, MA 02201
Branch Office1010 William T MORRISSEY BLVDDORCHESTER, MA 02122-3153
Branch Office305 Turnpike StCanton, MA 02021-2715

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