Mass Bay Credit Union is headquartered in South Boston and is the 32nd largest credit union in the state of Massachusetts. It is also the 918th largest credit union in the nation. It was established in 1936 and as of March of 2025, it had grown to 48 employees and 18,128 members at 4 locations. Mass Bay Credit Union's CD rates are 4X the national average, and it has an A health rating.
Membership in Mass Bay Credit Union is open to those who live, work, or attend a school, college, or university, or belongs to a labor organization located within the Massachusetts counties of Middlesex, Norfolk, or Suffolk, or the Massachusetts communities of Abington, Brockton, Hanover, Hingham, Lynn, Marshfield, Norwell, Peabody, Rockland, Saugus, Scituate, or Whitman. Current or former employees of MBTA, MassDOT, or the Massachusetts State Police also qualify for membership. Immediate family members of membership-eligible individuals are eligible to join.
See current membership details
Overall | |
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NCUA # | 68137 |
Year Chartered | 1936 |
Employees | 48 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.36% |
Return on Equity - YTD | 3.71% |
Annual Interest Income | $4.1MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $362.3MM$357.1MM |
Loans | Q1 2025vs Q1 2024 | $296.7MM$293.3MM |
Deposits | Q1 2025vs Q1 2024 | $255.2MM$250.4MM |
Equity Capital | Q1 2025vs Q1 2024 | $35.2MM$32.9MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $523K$440K |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $897K$2.1MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.80%* | $100k* | - | Money Market Account | ||
OTHER TIERS: 0.05% → $10 - $2.5k | 0.15% → $2.5k - $10k | 0.35% → $10k - $20k | 0.50% → $20k - $50k | 0.60% → $50k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.03% | $5 | - | NOW Checking |
Mass Bay Credit Union Locations | ||
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Branch Office | 1250 Hancock St | Quincy, MA 02169 |
Branch Office | 183 Main St | Everett, MA 02149 |
Branch Office | 147 W 4th St | South Boston, MA 02127 |
Branch Office | 409 D Street | South Boston, MA 02127 |