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.
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A Great CU
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.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4472 |
| Year Chartered | 1941 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.4% |
| Return on Equity - YTD | 2.11% |
| Annual Interest Income | $790.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $23.9MM$23.3MM |
| Loans | Q4 2019vs Q4 2018 | $12.3MM$12.4MM |
| Deposits | Q4 2019vs Q4 2018 | $19.5MM$18.9MM |
| Equity Capital | Q4 2019vs Q4 2018 | $4.4MM$4.3MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $78.00K$74.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $17.00K$109.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |