Liberty Bay Credit Union


Overview / Commentary
800-638-8526
300 Granite St Fl 3
Braintree, MA 02184

Liberty Bay Credit Union is headquartered in Braintree and is the 20th largest credit union in the state of Massachusetts. It is also the 555th largest credit union in the nation. It was established in 1917 and as of September of 2022, it had grown to 73 employees and 24,175 members at 4 locations. Liberty Bay Credit Union has an A health rating.

Field of Membership Restrictions

Liberty Bay Credit Union is open to anyone who lives, works, or goes to school in the Boston-area towns of Abington, Arlington, Avon, Bellingham, Belmont, Boston (Allston, Back Bay, Bay Village, Beacon Hill, Brighton, Charlestown, Chinatown, Dorchester, Downtown, East Boston, Fenway, Kenmore, Hyde Park, Jamaica Plain, Mattapan, Misson Hill, North End, Roslindale, Roxbury, South Boston, South End, West End, West Roxbury), Braintree, Bridgewater, Brockton, Brookline, Burlington, Cambridge, Canton, Carver, Chelsea, Cohasset, Dedham, Dover, Duxbury, East Bridgewater, Everett, Foxboro, Franklin, Halifax, Hanover, Hanson, Hingham, Holbrook, Hull, Kingston, Lexington, Malden, Marshfield, Medfield, Medford, Medway, Melrose, Millis, Milton, Needham, Newton, Norfolk, North Reading, Norwell, Norwood, Pembroke, Plainville, Plymouth, Plympton, Quincy, Randolph, Reading, Revere, Rockland, Scituate, Sharon, Somerville, Stoneham, Stoughton, Wakefield, Walpole, Waltham, Watertown, Wellesley, West Bridgewater, Weston, Westwood, Weymouth, Whitman, Wilmington, Winchester, Winthrop, Woburn, or Wrentham, Massachusetts.
See current membership details

Reviews (1)

Great Customer Service & Good Rates

Posted by: |

I joined this credit union several months ago after a bad experience with DCU and have nothing but good things to say about them. Customer service is very responsive and helpful both on the phone and through their secure messaging system. Their fees are minimal and they offer good rates on both deposit and lending products. They're also part of the COOP branch system and the SUM ATM network, so there is plenty of ATM and deposit coverage if you aren't very close to a branch. Their web and mobile apps are simple but intuitive. The only con I can think of is that their credit cards are managed through an external website rather than their own.



Health

Health Grade Components

Overall
NCUA #67541
Year Chartered1917
Employees73
Primary Regulator
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD7.3%
Annual Interest Income$16.4MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$729.6MM$705.5MM
LoansQ3 2022vs Q3 2021$540.5MM$480.9MM
DepositsQ3 2022vs Q3 2021$572.9MM$566.7MM
Equity CapitalQ3 2022vs Q3 2021$92.1MM$105.9MM
Loan Loss AllowanceQ3 2022vs Q3 2021$2.8MM$4.0MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$1.6MM$1.4MM
Real Estate OwnedQ3 2022vs Q3 2021$0$0
Rates

Rates for Liberty Bay Credit Union are currently being reviewed.

Locations


Liberty Bay Credit Union Locations
Branch Office300 Granite St Fl 1Braintree, MA 02184-3909
Branch Office10 Downer AveHingham, MA 02043
Branch Office9 Brook StScituate, MA 02066-1309
Branch Office300 Tradecenter Ste 1740Woburn, MA 01801

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