Hanscom Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.50% | Reward Checking | 1.33% - National Average |
| 1.50% | Reward Savings | 0.62% - National Average |
| 2.50% | 3-year CD | 1.87% - National Average |
Hanscom Federal Credit Union is headquartered in Hanscom AFB and is the 6th largest credit union in the state of Massachusetts. It is also the 229th largest credit union in the nation. It was established in 1953 and as of December of 2018, it had grown to 227 employees and 88,107 members at 21 locations. Hanscom Federal Credit Union's savings rates are 4X 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
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.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9095 |
| Year Chartered | 1953 |
| Employees | 227 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.86% |
| Return on Equity - YTD | 7.91% |
| Annual Interest Income | $49.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.33B$1.27B |
| Loans | Q4 2018vs Q4 2017 | $1.20B$1.13B |
| Deposits | Q4 2018vs Q4 2017 | $1.16B$1.12B |
| Equity Capital | Q4 2018vs Q4 2017 | $142.8MM$131.5MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $6.6MM$6.8MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $6.4MM$6.3MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $257.00K$0 |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
High Yield Savings, 2.00% APY, $25,000 Minimum
Minimum opening deposit and minimum balance to earn the 2.00% APY is $25,000.
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 | |
|---|---|---|---|---|---|
| 2.00% | $25k | - | Higher-Yield Savings | ||
| 1.50%* | - | $50k | Kasasa Saver | ||
| OTHER TIERS: 0.40% → $50k+ | |||||
| 0.40% | $25 | - | Share Savings | ||
| 0.40% | - | - | Holiday Club | ||
| 0.40% | $1 | - | IRA Share | ||
| 0.40% | $1 | - | Secondary Share | ||
| 0.40% | - | - | Vacation Club | ||
Hanscom Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.15%* | $75k* | - | Money Market Account | ||
| OTHER TIERS: 0.65% → $2k - $10k | 0.85% → $10k - $25k | 0.95% → $25k - $50k | 1.05% → $50k - $75k | |||||
| 1.15%* | $75k* | - | Business Investment Account | ||
| OTHER TIERS: 0.65% → $2k - $10k | 0.85% → $10k - $25k | 0.95% → $25k - $50k | 1.05% → $50k - $75k | |||||
| 1.15%* | $75k* | - | IRA Money Market | ||
| OTHER TIERS: 0.65% → $2k - $10k | 0.85% → $10k - $25k | 0.95% → $25k - $50k | 1.05% → $50k - $75k | |||||
Hanscom Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.50%* | - | $15k | Kasasa Cash Checking | ||
| OTHER TIERS: 0.40% → $15k+ | |||||
| 0.40% | - | - | Premier Checking | ||
Hanscom Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 5.00% | - | $6k | 12 Month CU Thrive - $500/mo. deposit max, does not renew | |
| 3.10% | $1k | - | 48 Month CD | |
| 3.00% | $1k | - | 60 Month CD | |
| 3.00% | $1k | - | 19 Month CD Special | |
| 2.50% | $1k | - | 30 to 59 Month CD | |
| 2.15% | $1k | - | 18 to 29 Month CD | |
| 2.00% | $1k | - | 12 to 17 Month CD | |
| 1.20% | $1k | - | 6 to 11 Month CD | |
| 1.10% | $250 | - | 3 Month EasyStart CD | |
| 1.10% | $1k | - | 3 to 5 Month CD | |
| 1.10% | $250 | - | 6 Month EasyStart CD | |
| 1.10% | $250 | - | 12 Month EasyStart CD |
Hanscom Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.00% | $500 | - | 60 Month IRA | |
| 2.50% | $500 | - | 30 Month IRA | |
| 2.15% | $500 | - | 18 Month IRA | |
| 2.00% | $500 | - | 12 Month IRA | |
| 1.20% | $500 | - | 6 Month IRA |
