IC Federal Credit Union

Overview / Commentary
300 Bemis Rd
Fitchburg, MA 01420

IC Federal Credit Union is headquartered in Fitchburg and is the 26th largest credit union in the state of Massachusetts. It is also the 645th largest credit union in the nation. It was established in 1934 and as of March of 2024, it had grown to 114 employees and 36,303 members at 8 locations. IC Federal Credit Union has a C- health rating.

Field of Membership Restrictions

Membership in IC Federal Credit Union is open to those who live, work, worship, attend school, participate in an association with a headquarters, and organizations in Worcester, Middlesex, Franklin, Hampden, Hampshire, or Norfolk Counties in Massachusetts. Membership is also open to family members and organizations of existing members.
See current membership details

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Reviews (1)

Good ... Could Be Great

Posted by: |

My company signed up with this CU a few months ago, hoping to find a great local institution with good savings rates.

As happens with most banking institutions, at the time I signed up, the top rate was double what it is now. It dropped precipitously just a few months after setting up accounts with them. The rate is still pretty good, but it always feels like a bait-and-switch (because it is). Buyer beware, I suppose.

Moving past that, their customer service is adequate -- but nothing to write home about.

The web experience is good and you can steer clear of fees for the most part.


Health Grade Components

NCUA #24250
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD-1%
Return on Equity - YTD-15.06%
Annual Interest Income$6.3MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$629.1MM$681MM
LoansQ1 2024vs Q1 2023$488.4MM$570.4MM
DepositsQ1 2024vs Q1 2023$521.8MM$546.3MM
Equity CapitalQ1 2024vs Q1 2023$41.5MM$50.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$5.8MM$3.8MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$13.8MM$9.5MM
Real Estate OwnedQ1 2024vs Q1 2023$312K$0
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Always verify rates and promotions with the bank or credit union. We are not IC 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.

IC Federal Credit Union Savings Account Rates

0.10%$5-Just 4 Kids Savings
0.05%$50-Christmas Club Savings
0.05%$50-IRA Savings
0.05%$50-Intelligent Business Savings
0.05%$0-Veterans Suite Savings
0.05%$50-Regular Savings

IC Federal Credit Union Money Market Rates

0.10%*$25k*-Money Market
OTHER TIERS: 0.05% $50 - $25k
0.05%$0-Intelligent Business Money Market

IC Federal Credit Union Checking Account Rates

0.50%*$0$15kReward Checking
OTHER TIERS: 0.25% $15k+
0.50%*$0$15kVeteran Checking
OTHER TIERS: 0.25% $15k+
0.05%$50-Intelligent Business CheckingPlus

IC Federal Credit Union CD Rates

0.60%$500-5 Year Term Share Certificate
0.50%$500-4 Year Term Share Certificate
0.40%$500-3 Year Term Share Certificate
0.30%$500-2 Year Term Share Certificate
0.25%$500-18 Month Term Share Certificate
0.20%$500-1 Year Term Share Certificate
0.15%$500-6 Month Term Share Certificate
0.10%$500-90 Day Term Share Certificate

IC Federal Credit Union Locations
Branch Office67 Whalon StFitchburg, MA 01420
Branch Office400 Mechanic StLeominster, MA 01453
Branch Office71 Main StWestminster, MA 01473
Branch Office520 Electric AveFitchburg, MA 01420
Branch Office300 Bemis RdFitchburg, MA 01420
Branch Office72 Park StAyer, MA 01432
Branch Office947 W Boylston StWorcester, MA 01606-1275
Branch Office160 Apex Dr Ste AMarlborough, MA 01752

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.