Overview / Commentary
Methuen Federal Credit Union is headquartered in Methuen and is the 87th largest credit union in the state of Massachusetts. It is also the 3,086th largest credit union in the nation. It was established in 1956 and as of December of 2019, it had grown to 4 employees and 2,437 members at 1 location. Methuen Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Methuen Federal Credit Union offers membership to those who work (or frequently conduct business in), worship, attend school or live in the city of Methuen, Massachusetts. Employees of Methuen FCU, volunteers within the community and organizations, households and immediate family of current members are also eligible for membership.
See current membership details
Health
B+
Data as of Q4 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Methuen Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 10954 |
| Year Chartered | 1956 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.02% |
| Return on Equity - YTD | 7.2% |
| Annual Interest Income | $872.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $25.0MM$24.4MM |
| Loans | Q4 2019vs Q4 2018 | $14.0MM$13.6MM |
| Deposits | Q4 2019vs Q4 2018 | $21.4MM$21.3MM |
| Equity Capital | Q4 2019vs Q4 2018 | $3.5MM$3.2MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $59.00K$59.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $50.00K$54.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |