Liberty Bay Credit Union

Overview / Commentary
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 543rd largest credit union in the nation. It was established in 1917 and as of March of 2024, it had grown to 74 employees and 23,803 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.
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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 Grade Components

NCUA #67541
Year Chartered1917
Primary Regulator
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD2.27%
Annual Interest Income$8.5MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$795.4MM$749.3MM
LoansQ1 2024vs Q1 2023$615.8MM$562.1MM
DepositsQ1 2024vs Q1 2023$538.6MM$551.3MM
Equity CapitalQ1 2024vs Q1 2023$100.6MM$97.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$3.4MM$2.8MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$1.4MM$433K
Real Estate OwnedQ1 2024vs Q1 2023$0$92K
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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

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

4.50%*$250k*-Business Money Market Account
OTHER TIERS: 0.25% $0 - $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

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

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

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

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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