Liberty Bay Credit Union


Overview / Commentary
617-439-6500
300 Granite St Fl 3
Braintree, MA 02184

Liberty Bay Credit Union is headquartered in Braintree and is the 17th largest credit union in the state of Massachusetts. It is also the 541st largest credit union in the nation. It was established in 1917 and as of December of 2023, it had grown to 70 employees and 23,832 members at 3 locations. Liberty Bay Credit Union's CD rates are 5X the national average, and it 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
Employees70
Primary Regulator
Profit Margin
Return on Assets - YTD0.44%
Return on Equity - YTD3.42%
Annual Interest Income$30.4MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$786.2MM$744MM
LoansQ4 2023vs Q4 2022$611.4MM$554MM
DepositsQ4 2023vs Q4 2022$537.7MM$556.8MM
Equity CapitalQ4 2023vs Q4 2022$100.5MM$94MM
Loan Loss AllowanceQ4 2023vs Q4 2022$3.2MM$2.6MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$2.4MM$1.7MM
Real Estate OwnedQ4 2023vs Q4 2022$92K$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Liberty Bay 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.

Liberty Bay Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$5-Savings Account
0.10%$5-Rainy Day Club
0.10%$5-Vacation Club
0.10%$5-Christmas Club
0.10%$5-Business Savings Account

Liberty Bay Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%*$250k*-Business Money Market Account
OTHER TIERS: 0.25% Up to $10k | 1.75% $10k - $25k | 2.50% $25k - $100k | 3.00% $100k - $250k
1.00%*$100k*-Premier Money Market
OTHER TIERS: 0.30% $2.5k - $25k | 0.50% $25k - $100k
0.10%*$2.5k*-Money Market Account
OTHER TIERS: 0.05% $5 - $2.5k
0.10%*$500*-IRA Money Market
OTHER TIERS: 0.05% $5 - $500

Liberty Bay Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*$5$1kPremier Checking
OTHER TIERS: 0.05% $1k+
0.05%$5-Free Benefits Checking
0.05%$5-Basic Checking

Liberty Bay Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.20%$5k-13 Month CD Special
5.00%$1k-9 Month CD Special
4.25%$500-12 Month CD
4.00%$500-18 Month CD
3.75%$500-6 Month CD
3.25%$500-24 Month CD
3.25%$500-30 Month CD
3.00%$500-36 Month CD
3.00%$500-48 Month CD
3.00%$500-60 Month CD
2.25%$500-3 Month CD

Liberty Bay Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-12 Month IRA
4.00%$500-18 Month IRA
3.25%$500-24 Month IRA
3.00%$500-36 Month IRA
3.00%$500-48 Month IRA
3.00%$500-60 Month IRA
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

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