Members Plus Credit Union is headquartered in Medford and is the 32nd largest credit union in the state of Massachusetts. It is also the 928th largest credit union in the nation. It was established in 1940 and as of June of 2023, it had grown to 49 employees and 13,321 members at 6 locations. Members Plus Credit Union's CD rates are 5X the national average, and it has a C+ health rating.
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
Overall | |
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NCUA # | 66706 |
Year Chartered | 1940 |
Employees | 49 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | -0.25% |
Return on Equity - YTD | -5.79% |
Annual Interest Income | $5.9MM |
Assets and Liabilities | ||
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Assets | Q2 2023vs Q2 2022 | $340.1MM$344.6MM |
Loans | Q2 2023vs Q2 2022 | $174.7MM$145.0MM |
Deposits | Q2 2023vs Q2 2022 | $267.0MM$281.4MM |
Equity Capital | Q2 2023vs Q2 2022 | $14.7MM$23.2MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$230.00K |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $1.5MM$985.00K |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Members Plus 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 | |
---|---|---|---|---|---|
0.40%* | $25k* | - | Money Market Account | ||
OTHER TIERS: 0.20% → Up to $10k | 0.25% → $10k - $25k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.10% | - | - | Members Plus Checking Account |
Members Plus Credit Union Locations | ||
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Branch Office | 1165 Massachusetts Ave | Dorchester, MA 02125 |
Branch Office | 494 Gallivan Blvd | Dorchester, MA 02124 |
Branch Office | 111 LENOX ST | NORWOOD, MA 02062 |
Branch Office | 29 High St | Medford, MA 02155-3801 |
Branch Office | 650 Broadway | Everett, MA 02149 |
Branch Office | 53 COMMERCE WAY | PLYMOUTH, MA 02360 |