2. Lynn Firemen's Federal Credit Union

Lynn Firemen's Federal Credit Union


Overview / Commentary
www.lynnffcu.com
781-593-8354
30 Boston St Ste 9
Lynn, MA 01904

Lynn Firemen's Federal Credit Union is headquartered in Lynn and is the 116th largest credit union in the state of Massachusetts. It is also the 3,903rd largest credit union in the nation. It was established in 1935 and as of June of 2018, it had grown to 1,497 members at 1 location. Lynn Firemen's Federal Credit Union's CD rates are 11% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to all present and past members of the Lynn Fire Department, Nahant Fire Department, or Swampscott Fire Department.
See current membership details

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Health
B

Data as of Q2 2018

Learn why bank health matters
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. Lynn Firemen's Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #484
Year Chartered1935
Employees0
Primary Regulator
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD2.27%
Annual Interest Income$229.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$12.2MM$12.3MM
LoansQ2 2018vs Q2 2017$7.0MM$7.3MM
DepositsQ2 2018vs Q2 2017$9.8MM$10.0MM
Equity CapitalQ2 2018vs Q2 2017$2.3MM$2.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$31.00K$30.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$0$10.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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Lynn Firemen's Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--IRA Share
0.10%--Regular Shares

Lynn Firemen's Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--1 Year CD
0.50%--6 Month CD
Locations


Lynn Firemen's Federal Credit Union Locations
Branch Office30 Boston St Ste 9Lynn, MA 01904

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