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Louise Mills Federal Credit Union

Popular Accounts at this Credit Union

1.99%5-year CD60 Month Share CD
0.51%1-year CD1 Year Share CD
0.91%3-year CD30 Month Share CD

Overview / Commentary
12 Merrimac Sq
Merrimac, MA 01860

Louise Mills Federal Credit Union is headquartered in Merrimac and is the 126th largest credit union in the state of Massachusetts. It is also the 4,199th largest credit union in the nation. It was established in 1963 and as of September of 2017, it had grown to 2 employees and 1,013 members at 1 location. Louise Mills Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to Employees of Pentucket Regional School District, Triton Regional School District, Masconomet Regional School District, and of the Boards of Education in Groveland, West Newbury, Georgetown, Merrimac, Topsfield, Boxford, Middleton, Newbury, Rowley and Salisbury, Massachusetts, the Whittier Regional Vocational Technical School who work in Haverhill, students of the Georgetown Middle High School, Employees of the towns of West Newbury, Merrimac, Newbury, Rowley or Salisbury.
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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. Louise Mills Federal Credit Union has a very low asset base.

Health Grade Components

NCUA #15611
Year Chartered1963
Primary Regulator
Profit Margin
Return on Assets - YTD-0.78%
Return on Equity - YTD-7.22%
Annual Interest Income$245.00K
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$9.7MM$9.1MM
LoansQ3 2017vs Q3 2016$7.1MM$6.2MM
DepositsQ3 2017vs Q3 2016$8.7MM$7.9MM
Equity CapitalQ3 2017vs Q3 2016$1.1MM$1.1MM
Loan Loss AllowanceQ3 2017vs Q3 2016$25.00K$17.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$0$7.00K
Real Estate OwnedQ3 2017vs Q3 2016$0$0
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Louise Mills Federal Credit Union Savings Account Rates

0.36%--Roth IRA
0.36%--Educational IRA
0.36%--Traditional IRA
0.11%--Vacation Club
0.11%--Holiday Club

Louise Mills Federal Credit Union Money Market Rates

0.16%$2,500-Super Share Money Market Savings

Louise Mills Federal Credit Union CD Rates

1.99%$10k-60 Month Share CD
1.27%$500-3 Year Share CD
0.91%$500-30 Month Share CD
0.90%$500-2 Year Share CD
0.66%$500-18 Month Share CD
0.51%$500-1 Year Share CD
0.41%$500-9 Month Share CD
0.36%$500-6 Month Share CD
0.16%$500-3 Month Share CD
0.06%$500-30 Day CD

Louise Mills Federal Credit Union Locations
Branch Office12 Merrimac SQMerrimac, MA 01860