MassMutual Federal Credit Union


Overview / Commentary
413-744-3431
1295 State St
Springfield, MA 01111

MassMutual Federal Credit Union is headquartered in Springfield and is the 31st largest credit union in the state of Massachusetts. It is also the 855th largest credit union in the nation. It was established in 1962 and as of March of 2021, it had grown to 29 employees and 13,220 members at 2 locations. MassMutual Federal Credit Union's money market rates are 36% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in MassMutual Federal Credit Union open to all current employees of the MassMutual Financial Group, MassMutual Career Advisors, and others who work on MassMutual campuses. Immediate family members of current MassMutual FCU members are also eligible to join.
See current membership details

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Health

Health Grade Components

Overall
NCUA #24566
Year Chartered1962
Employees29
Primary Regulator
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD5.92%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$359.7MM$286.5MM
LoansQ1 2021vs Q1 2020$189.0MM$153.7MM
DepositsQ1 2021vs Q1 2020$322.7MM$251.4MM
Equity CapitalQ1 2021vs Q1 2020$35.0MM$32.9MM
Loan Loss AllowanceQ1 2021vs Q1 2020$252.00K$453.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$418.00K$548.00K
Real Estate OwnedQ1 2021vs Q1 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not MassMutual Federal 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.

MassMutual Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%-$50kKasasa Saver
0.25%$25-IRA Share Account
0.25%$25$3kHome Heating Club Account
0.25%-$500Generation Now Account
0.20%$25-Holiday Club Account
0.15%$25-Basic Savings
0.15%$25-Vacation Club Account

MassMutual Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$125k*-Money Market Plus Account
OTHER TIERS: 0.30% $2k - $25k | 0.40% $25k - $75k | 0.50% $75k - $125k

MassMutual Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*-$10kKasasa Cash
OTHER TIERS: 0.25% $10k+
0.45%*$75k*-Premium Spending
OTHER TIERS: 0.25% $5k - $25k | 0.35% $25k - $75k

MassMutual Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.41%$50k-60+ Month Jumbo Share Certificate
1.31%$500-60+ Month Share Certificate
1.21%$50k-48 Month Jumbo Share Certificate
1.11%$500-48 Month Share Certificate
1.11%$50k-36 Month Jumbo Share Certificate
1.01%$500-36 Month Share Certificate
1.01%$50k-24 Month Jumbo Share Certificate
0.90%$500-24 Month Share Certificate
0.70%$500-18 Month Share Certificate
0.60%$500-12 Month Share Certificate
0.55%$500-6 Month Share Certificate
0.45%$500-3 Month Share Certificate

MassMutual Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.41%$50k-60+ Month Jumbo IRA Share Certificate
1.31%$500-60+ Month IRA Share Certificate
1.21%$50k-48 Month Jumbo IRA Share Certificate
1.11%$500-48 Month IRA Share Certificate
1.11%$50k-36 Month Jumbo IRA Share Certificate
1.01%$500-36 Month IRA Share Certificate
1.01%$50k-24 Month Jumbo IRA Share Certificate
0.90%$500-24 Month IRA Share Certificate
0.70%$500-18 Month IRA Share Certificate
0.60%$500-12 Month IRA Share Certificate
0.55%$500-6 Month IRA Share Certificate
0.45%$500-3 Month IRA Share Certificate
Locations


MassMutual Federal Credit Union Locations
Branch Office100 Bright Meadow BLVDEnfield, CT 06082-1981
Branch Office1295 State StSpringfield, MA 01111

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