Energy CU (MA)

Overview / Commentary

www.energycreditunion.org

617-325-1999

156 Spring St
West Roxbury, MA 02132

Energy CU (MA) is headquartered in West Roxbury and is the 59^th largest credit union in the state of Massachusetts. It is also the 1,721^st largest credit union in the nation. It was established in 1931 and as of March of 2019, it had grown to 11 employees and 4,175 members at 2 locations. Energy CU (MA)'s CD rates are 68% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Energy Credit Union is open to those who live or work in the cities of Bedford, Billerica, Belmont, Burlington, Lincoln, Lexington, Newton, Waltham, Watertown, Woburn, Weston, Massachusetts or in Norfolk and Suffolk Counties. Membership is also open to employees and retirees of National Grid New England.
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View all posts from:

2017
2009
2006

7/20 - Energy CU (MA) Boosts Rate On 24-Month CD
6/6 - 24-Month CD Special, 2.02% APY

1/20 - 4.07% 12-Month CD at Energy Credit Union in Massachusetts

6/7 - 6.17% 6-Month CD at a Massachusetts CU

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Health

B+

Data as of Q1 2019

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. Energy CU (MA) has a relatively low asset base.

Health Grade Components

Overall
NCUA #	66369
Year Chartered	1931
Employees	11
Primary Regulator

Profit Margin
Return on Assets - YTD	0.5%
Return on Equity - YTD	2.97%
Annual Interest Income	$827.00K

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$90.4MM$89.5MM
Loans	Q1 2019vs Q1 2018	$57.6MM$51.8MM
Deposits	Q1 2019vs Q1 2018	$67.5MM$69.3MM
Equity Capital	Q1 2019vs Q1 2018	$15.2MM$14.6MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$210.00K$123.00K
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$351.00K$365.00K
Real Estate Owned	Q1 2019vs Q1 2018	$0$0

Rates

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Savings
Checking
CD
IRA

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

Energy CU (MA) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$30k^*	-	Share Savings Account
OTHER TIERS: 0.10% → $10 - $10k \| 0.15% → $10k - $20k \| 0.20% → $20k - $30k
0.25%^*	$30k^*	-	IRA Share Account
OTHER TIERS: 0.10% → $10 - $10k \| 0.15% → $10k - $20k \| 0.20% → $20k - $30k
0.10%	$10	-	Vacation Club Account
0.10%	$10	-	Holiday Club Account

Energy CU (MA) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$10	-	NOW Checking Account

Energy CU (MA) CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.04%	$1k	-	36 Month CD
3.04%	$1k	-	60 Month CD
2.78%	$1k	-	24 Month CD
2.27%	$1k	-	18 Month CD
1.51%	$1k	-	12 Month CD
0.75%	$1k	-	6 Month CD

Energy CU (MA) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.04%	$1k	-	36 Month IRA
3.04%	$1k	-	60 Month IRA
2.78%	$1k	-	24 Month IRA
2.27%	$1k	-	18 Month IRA
1.51%	$1k	-	12 Month IRA
0.75%	$1k	-	6 Month IRA

Locations

Energy CU (MA) Locations
Branch Office	40 Sylvan Rd	Waltham, MA 02451
Branch Office	156 Spring St	West Roxbury, MA 02132

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