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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
0.85%1-year CD1 Year Share CD
1.16%2-year CD2 Year 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 128th largest credit union in the state of Massachusetts. It is also the 4,183rd largest credit union in the nation. It was established in 1963 and as of December of 2017, it had grown to 3 employees and 1,016 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
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
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD-0.65%
Return on Equity - YTD-6%
Annual Interest Income$331.00K
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$9.5MM$9.2MM
LoansQ4 2017vs Q4 2016$7.1MM$7.0MM
DepositsQ4 2017vs Q4 2016$8.5MM$8.1MM
Equity CapitalQ4 2017vs Q4 2016$1.1MM$1.1MM
Loan Loss AllowanceQ4 2017vs Q4 2016$28.00K$18.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$12.00K$1,000
Real Estate OwnedQ4 2017vs Q4 2016$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
0.10%--Vacation Club
0.10%--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
1.31%$500-3 Year Share CD
1.16%$500-2 Year Share CD
0.91%$500-30 Month Share CD
0.85%$500-1 Year Share CD
0.66%$500-18 Month Share CD
0.55%$500-6 Month Share CD
0.41%$500-9 Month Share CD
0.40%$500-3 Month Share CD
0.06%$500-30 Day CD
Locations


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

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