Mass Bay Credit Union

Overview / Commentary
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 955th largest credit union in the nation. It was established in 1936 and as of June of 2023, it had grown to 49 employees and 19,325 members at 4 locations. Mass Bay Credit Union's CD rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

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.
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Health Grade Components

NCUA #68137
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD9.44%
Annual Interest Income$6.7MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$327.6MM$306.6MM
LoansQ2 2023vs Q2 2022$275.7MM$245.2MM
DepositsQ2 2023vs Q2 2022$250.4MM$262.6MM
Equity CapitalQ2 2023vs Q2 2022$31.3MM$27.0MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$554.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$691.00K$2.0MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Mass Bay Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

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

Mass Bay Credit Union Savings Account Rates

0.10%*$10k*-Main Share Account
OTHER TIERS: 0.03% $5 - $500 | 0.05% $500 - $10k
0.10%*$10k*-IRA Share Account
OTHER TIERS: 0.03% $5 - $500 | 0.05% $500 - $10k
0.10%*$10k*-Misc Share Account
OTHER TIERS: 0.03% $5 - $500 | 0.05% $500 - $10k
0.10%*$10k*-Business Share
OTHER TIERS: 0.03% $25 - $500 | 0.05% $500 - $10k
0.05%--Vacation Club Account
0.05%--Christmas Club Account

Mass Bay Credit Union Money Market Rates

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

Mass Bay Credit Union Checking Account Rates

0.03%$5-NOW Checking

Mass Bay Credit Union CD Rates

5.25%$500-14 Month CD
5.00%$500-10 Month CD Special
4.60%$500-17 Month CD
3.35%$500-60 Month CD
3.00%$500-18 Month CD
3.00%$500-24 Month CD
3.00%$500-16 Month CD
2.65%$500-36 Month CD
2.65%$500-48 Month CD
2.50%$500-12 Month CD
2.00%$500$250k6 Month CD
1.50%$500-28 Month CD
0.50%$500-3 Month CD

Mass Bay Credit Union IRA Rates

5.25%$500-14 Month IRA
5.00%$500-10 Month IRA Special
4.60%$500-17 Month IRA
3.35%$500-60 Month IRA
3.00%$500-18 Month IRA
3.00%$500-24 Month IRA
3.00%$500-16 Month IRA
2.65%$500-36 Month IRA
2.65%$500-48 Month IRA
2.50%$500-12 Month IRA
2.00%$500$250k6 Month IRA
1.50%$500-28 Month IRA
0.50%$500-3 Month IRA

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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