Mass Bay Credit Union is headquartered in South Boston and is the 34th largest credit union in the state of Massachusetts. It is also the 981st largest credit union in the nation. It was established in 1936 and as of December of 2021, it had grown to 49 employees and 19,100 members at 4 locations. Mass Bay Credit Union has an A health rating.
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
Overall | |
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NCUA # | 68137 |
Year Chartered | 1936 |
Employees | 49 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.79% |
Return on Equity - YTD | 7.83% |
Annual Interest Income | $8.7MM |
Assets and Liabilities | ||
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Assets | Q4 2021vs Q4 2020 | $301.0MM$274.2MM |
Loans | Q4 2021vs Q4 2020 | $232.6MM$214.9MM |
Deposits | Q4 2021vs Q4 2020 | $250.9MM$225.7MM |
Equity Capital | Q4 2021vs Q4 2020 | $30.0MM$28.2MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $600.00K$626.00K |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $1.2MM$1.5MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.30%* | $20k* | - | Money Market Account | ||
OTHER TIERS: 0.05% → $10 - $2.5k | 0.15% → $2.5k - $10k | 0.20% → $10k - $20k |
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 |