Overview / Commentary
Members Plus Credit Union is headquartered in Medford and is the 32nd largest credit union in the state of Massachusetts. It is also the 908th largest credit union in the nation. It was established in 1940 and as of June of 2024, it had grown to 48 employees and 13,816 members at 7 locations. Members Plus Credit Union has a B health rating.
Field of Membership Restrictions
Members Plus Credit Union is open to those who live or work in Essex, Norfolk, Middlesex, Suffolk, or Plymouth Counties in Massachusetts. Membership is also open to employees and retirees of the Eversource Companies, Exelon and Entergy.
See current membership details
Health
B
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66706 |
| Year Chartered | 1940 |
| Employees | 48 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.54% |
| Return on Equity - YTD | -14.6% |
| Annual Interest Income | $7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $359.5MM$340.1MM |
| Loans | Q2 2024vs Q2 2023 | $189.4MM$174.7MM |
| Deposits | Q2 2024vs Q2 2023 | $254.7MM$267MM |
| Equity Capital | Q2 2024vs Q2 2023 | $13.3MM$14.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $410K$510K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $589K$1.5MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |