Malden Federal Credit Union


Overview / Commentary
781-324-2241
10 Holden St Suite 6
Malden, MA 02148

Malden Federal Credit Union is headquartered in Malden and is the 90th largest credit union in the state of Massachusetts. It is also the 3,144th largest credit union in the nation. It was established in 1941 and as of December of 2019, it had grown to 4 employees and 1,792 members at 1 location. Malden Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Malden Federal Credit Union is open to employees of the Malden School Department, Mystic Valley Advantage Regional Charter School, Sacred Heart Parish/Cheverus School, Partnership for Community Schools, Malden Catholic High, Catholic Charities who work in Malden, Pope John XXIII High School who work in Everett, the City of Malden, or Malden Housing Authority.
See current membership details

Reviews (1)

A Great CU

Posted by: |

This CU has been wonderful for me. The staff is freindly and always helpful. They helped me with an auto loan, and the process was painless. I highly recommend the Malden Teachers' Credit Union.



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. Malden Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #4472
Year Chartered1941
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD2.11%
Annual Interest Income$790.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$23.9MM$23.3MM
LoansQ4 2019vs Q4 2018$12.3MM$12.4MM
DepositsQ4 2019vs Q4 2018$19.5MM$18.9MM
Equity CapitalQ4 2019vs Q4 2018$4.4MM$4.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$78.00K$74.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$17.00K$109.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates

Rates for Malden Federal Credit Union are currently being reviewed.

Locations


Malden Federal Credit Union Locations
Branch Office10 Holden St Suite 6Malden, MA 02148

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