Mass Bay Credit Union


Overview / Commentary
617-269-2700
147 W 4th St
South Boston, MA 02127

Mass Bay Credit Union is headquartered in South Boston and is the 35th largest credit union in the state of Massachusetts. It is also the 967th largest credit union in the nation. It was established in 1936 and as of September of 2022, it had grown to 47 employees and 19,576 members at 4 locations. Mass Bay Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Norfolk or Suffolk Counties, Everett, Hanover, Hingham, Lynn, Malden, Marshfield, Medford, Melrose, Norwell, Peabody, Rockland, Saugus, Scituate, Somerville, Stoneham and Whitman; employees of Massachusetts Department of Transportation.
See current membership details

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Health
B+

Health Grade Components

Overall
NCUA #68137
Year Chartered1936
Employees47
Primary Regulator
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD9.61%
Annual Interest Income$7.3MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$314.5MM$294.3MM
LoansQ3 2022vs Q3 2021$254.4MM$223.8MM
DepositsQ3 2022vs Q3 2021$256.1MM$254.2MM
Equity CapitalQ3 2022vs Q3 2021$26.2MM$29.6MM
Loan Loss AllowanceQ3 2022vs Q3 2021$474.00K$632.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$1.3MM$1.0MM
Real Estate OwnedQ3 2022vs Q3 2021$0$0
Rates

Rates for Mass Bay Credit Union are currently being reviewed.

Locations


Mass Bay Credit Union Locations
Branch Office1250 Hancock StQuincy, MA 02169
Branch Office183 Main StEverett, MA 02149
Branch Office147 W 4th StSouth Boston, MA 02127
Branch Office409 D StreetSouth Boston, MA 02127

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