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Louise Mills Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
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
978-346-4561
12 Merrimac Sq
Merrimac, MA 01860

Louise Mills Federal Credit Union is headquartered in Merrimac and is the 134th largest credit union in the state of Massachusetts. It is also the 4,404th largest credit union in the nation. It was established in 1963 and as of June of 2016, it had grown to 2 employees and 1,019 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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Health
B+
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

Overall
NCUA #15611
Year Chartered1963
Employees2
Primary Regulator
Profit Margin
Return on Assets - YTD-0.12%
Return on Equity - YTD-0.88%
Annual Interest Income$151.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$8.7MM$8.1MM
LoansQ2 2016vs Q2 2015$6.2MM$5.5MM
DepositsQ2 2016vs Q2 2015$7.5MM$6.9MM
Equity CapitalQ2 2016vs Q2 2015$1.1MM$1.2MM
Loan Loss AllowanceQ2 2016vs Q2 2015$17.00K$24.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$0$0
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
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Louise Mills Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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

Louise Mills Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations


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