Hanscom Federal Credit Union is headquartered in Hanscom AFB and is the 5th largest credit union in the state of Massachusetts. It is also the 214th largest credit union in the nation. It was established in 1953 and as of September of 2019, it had grown to 231 employees and 92,585 members at 21 locations. Hanscom Federal Credit Union's savings rates are 2X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Hanscom Federal Credit Union is open anyone through joining the Nashua River Watershed Association ($35 membership fee). Membership is also open to the following: (1) active or retired military; (2) employees or retirees of any federal government agency with a duty station in Massachusetts; (3) employees of Lockheed-Martin NISC, Scansoft, and more than 100 area Select Employer Groups.
See current membership details
Related Posts
3/5 - High Yield Savings, 2.00% APY, $25,000 Minimum
12/7 - 19-Month CD Special, 3.00% APY
4/9 - Hanscom FCU Adds Nationwide Kasasa Cash
Card Problem
I had a problem recently where my bank debit card with the chip was not being read properly when I inserted it into the reader for payment. I called the customer service number and spoke to someone who said I could stop by the local branch office to have it checked, or another one could be ordered. I opted to go into into the office during my lunch our. I had to wait a few minutes before someone coluld help me. They have an odd set up - there is no customer service area. The representatives are in offices that call you in or come out to greet you. A woman called me into her office. She checked my card and indeed it was not working. She ordered a new one for me. Unfortunately, it took about a week to receive.
Consumer visit
I have been to my credit union on numerous occasions. I usually go during the lunch hours. The set up is not like the typical bank. There is no wall with tellers behind and customers on the other sides. There are 3-4 offices where they simply come out to greet you and and sit you at at a desk where you conduct your business. It can be a bit odd if you get there and there is one or two ban reps in the offices on the phone or with a customer. You end up waiting in the common area, walking around a bit uncomfortably, and peeking into offices periodically.
Friendly Credit Uniton
I opened a checking and a Thrive CD with them a month ago. Although there were some errors made they were corrected after I pointed them out. I found them to be a very friendly Credit Union.
Incompetent Customer Service
I opened a CD with this bank. Their limit is $50,000.00. If you want to open another you're out of luck. I wasted two hours (FIVE phone calls) with this bank's representatives. Each one gave me a different story. It was maddening and a total waste of time.
Persnickety
I found this credit union to be rather persnickety and, frankly, in some respects manifestly unreasonable. The interest rates are good . . . but they come at a price.
Total Waste Of Time
Has taken forever to get a response about opening an account (whereas elsewhere you get a response right away after you apply online). It seems they do not want people's money. Suggest you go elsewhere where your money can be appreciated and you get more attention
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9095 |
| Year Chartered | 1953 |
| Employees | 231 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.53% |
| Return on Equity - YTD | 5.19% |
| Annual Interest Income | $41.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $1.48B$1.30B |
| Loans | Q3 2019vs Q3 2018 | $1.18B$1.16B |
| Deposits | Q3 2019vs Q3 2018 | $1.30B$1.15B |
| Equity Capital | Q3 2019vs Q3 2018 | $148.6MM$140.0MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $6.4MM$6.5MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $4.3MM$5.8MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $397.00K$321.00K |
Always verify rates and promotions with the bank or credit union. We are not Hanscom Federal 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.
Hanscom Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.50% | - | $50k | Kasasa Saver | |
| 1.25% | $25k | - | Higher-Yield Savings | |
| 0.25% | $25 | - | Share Savings | |
| 0.25% | $1 | - | Holiday Club | |
| 0.25% | $1 | - | IRA Share | |
| 0.25% | $1 | - | Secondary Share | |
| 0.25% | $1 | - | Vacation Club |
Hanscom Federal Credit Union Money Market Rates
Hanscom Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | - | $15k | Kasasa Cash Checking | |
| 0.25% | - | - | Premier Checking |
Hanscom Federal Credit Union CD Rates
Hanscom Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.40% | $500 | - | 60 Month IRA | |
| 2.15% | $500 | - | 30 Month IRA | |
| 1.80% | $500 | - | 18 Month IRA | |
| 1.75% | $500 | - | 12 Month IRA | |
| 1.65% | $500 | - | 6 Month IRA |
