Health Alliance Federal Credit Union

Overview / Commentary
230 Highland Ave
Somerville, MA 02143

Health Alliance Federal Credit Union is headquartered in Somerville and is the 132nd largest credit union in the state of Massachusetts. It is also the 4,454th largest credit union in the nation. It was established in 1966 and as of June of 2020, it had grown to 2 employees and 1,234 members at 1 location. Health Alliance Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership in Health Alliance Federal Credit Union is open to employees of the Cambridge Health Alliance, including Cambridge Hospital, Somerville Hospital and Whidden Hospital.
See current membership details


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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. Health Alliance Federal Credit Union has a very low asset base.

Health Grade Components

NCUA #17679
Year Chartered1966
Primary Regulator
Profit Margin
Return on Assets - YTD0.71%
Return on Equity - YTD6.99%
Annual Interest Income$111.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$5.4MM$4.7MM
LoansQ2 2020vs Q2 2019$2.7MM$2.7MM
DepositsQ2 2020vs Q2 2019$4.8MM$4.2MM
Equity CapitalQ2 2020vs Q2 2019$515.00K$472.00K
Loan Loss AllowanceQ2 2020vs Q2 2019$83.00K$81.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$12.00K$34.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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Health Alliance Federal Credit Union Savings Account Rates

0.25%--IRA Accumulator
0.10%--Regular Shares Savings
0.10%--Holiday Club
0.10%--Vacation Club

Health Alliance Federal Credit Union CD Rates

1.10%$50k-48 Month Jumbo Share Certificate
1.00%$500-48 Month Share Certificate
1.00%$50k-36 Month Jumbo Share Certificate
0.90%$500$50k36 Month Share Certificate
0.85%$50k-24 Month Jumbo Share Certificate
0.75%$500$50k24 Month Share Certificate
0.75%$50k-18 Month Jumbo Share Certificate
0.70%$50k-12 Month Jumbo Share Certificate
0.65%$500$50k18 Month Share Certificate
0.60%$500$50k12 Month Share Certificate
0.45%$50k-6 Month Jumbo Share Certificate
0.35%$500$50k6 Month Share Certificate
0.25%$500-3 Month Share Certificate

Health Alliance Federal Credit Union Locations
Branch Office230 Highland AveSomerville, MA 02143-1408

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