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 33rd largest credit union in the state of Massachusetts. It is also the 913th largest credit union in the nation. It was established in 1936 and as of March of 2024, it had grown to 47 employees and 18,606 members at 4 locations. Mass Bay Credit Union's CD rates are 6X 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.
See current membership details


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Health Grade Components

NCUA #68137
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD3.63%
Annual Interest Income$4MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$357.1MM$325.2MM
LoansQ1 2024vs Q1 2023$293.3MM$264.6MM
DepositsQ1 2024vs Q1 2023$250.4MM$254.2MM
Equity CapitalQ1 2024vs Q1 2023$32.9MM$30.7MM
Loan Loss AllowanceQ1 2024vs Q1 2023$440K$447K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$2.1MM$650K
Real Estate OwnedQ1 2024vs Q1 2023$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%$0-Vacation Club Account
0.05%$0-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

5.00%$500-12 Month CD
4.60%$500-10 Month CD
4.50%$500$250k14 Month CD Special
3.75%$500-16 Month CD
3.75%$500-17 Month CD
3.35%$500-60 Month CD
3.00%$500-18 Month CD
3.00%$500-24 Month CD
2.65%$500-36 Month CD
2.65%$500-48 Month CD
2.65%$500-28 Month CD
2.00%$500$250k6 Month CD
0.50%$500-3 Month CD

Mass Bay Credit Union IRA Rates

5.00%$500-12 Month IRA
4.60%$500-10 Month IRA
4.50%$500$250k14 Month IRA Special
3.75%$500-16 Month IRA
3.75%$500-17 Month IRA
3.35%$500-60 Month IRA
3.00%$500-18 Month IRA
3.00%$500-24 Month IRA
2.65%$500-36 Month IRA
2.65%$500-48 Month IRA
2.65%$500-28 Month IRA
2.00%$500$250k6 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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