Malden Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.75%	1-year CD	12 Month CD 1.40% - Synchrony Bank 12 Month CD
0.10%	Savings	Regular Share 1.20% - Goldman Sachs Bank USA Online Savings
1.26%	3-year CD	36 Month CD 1.85% - Synchrony Bank 36 Month CD

View all Malden Federal Credit Union rates »

Overview / Commentary

maldenfcu.com

781-324-2241

10 Holden St Suite 6
Malden, MA 02148

Malden Federal Credit Union is headquartered in Malden and is the 94^th largest credit union in the state of Massachusetts. It is also the 3,206^th largest credit union in the nation. It was established in 1941 and as of March of 2017, it had grown to 4 employees and 1,827 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)

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A Great CU

Posted by: jimmyO | Mar 31, 2014

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.

Comment

1

Health

B+

Data as of Q1 2017

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. Malden Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	4472
Year Chartered	1941
Employees	4
Primary Regulator

Profit Margin
Return on Assets - YTD	0.21%
Return on Equity - YTD	1.24%
Annual Interest Income	$157.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$24.4MM$24.0MM
Loans	Q1 2017vs Q1 2016	$12.2MM$11.3MM
Deposits	Q1 2017vs Q1 2016	$20.2MM$19.8MM
Equity Capital	Q1 2017vs Q1 2016	$4.2MM$4.2MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$73.00K$72.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$0$1,000
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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Money Market
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IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Malden Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%	-	-	IRA Share
0.10%	$25	-	Regular Share
0.10%	$25	-	Summer Account
0.10%	$25	-	Holiday Club Account
0.10%	$25	-	Optional Share

Malden Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%^*	$75k^*	-	Money Market
OTHER TIERS: 0.15% → $2,500 - $10k \| 0.30% → $10k - $75k

Malden Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.26%	$500	-	36 Month CD
1.11%	$500	-	24 Month CD
0.75%	$500	-	12 Month CD
0.65%	$500	-	6 Month CD

Malden Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.26%	$500	-	36 Month IRA

Locations

Malden Federal Credit Union Locations
Branch Office	10 Holden St Suite 6	Malden, MA 02148