Overview / Commentary
Members Plus Credit Union is headquartered in Medford and is the 34th largest credit union in the state of Massachusetts. It is also the 934th largest credit union in the nation. It was established in 1940 and as of September of 2022, it had grown to 46 employees and 13,000 members at 6 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 Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66706 |
| Year Chartered | 1940 |
| Employees | 46 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.5% |
| Return on Equity - YTD | -13.24% |
| Annual Interest Income | $7.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $332.9MM$341.8MM |
| Loans | Q3 2022vs Q3 2021 | $150.4MM$141.8MM |
| Deposits | Q3 2022vs Q3 2021 | $269.0MM$264.4MM |
| Equity Capital | Q3 2022vs Q3 2021 | $12.9MM$43.9MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $310.00K$546.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $943.00K$1.1MM |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |