Methuen Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.50%	1-year CD	12 Month CD 1.50% - Ally Bank No Penalty 11-Month CD
0.15%	Savings	Share Account 1.20% - Ally Bank Online Savings Account
1.00%	2-year CD	24 Month CD 1.50% - Ally Bank Raise Your Rate 2-Year CD

View all Methuen Federal Credit Union rates »

Overview / Commentary

www.methuencreditunion.com

978-686-1471

248 Broadway
Methuen, MA 01844

Methuen Federal Credit Union is headquartered in Methuen and is the 93^rd largest credit union in the state of Massachusetts. It is also the 3,209^th largest credit union in the nation. It was established in 1956 and as of June of 2017, it had grown to 4 employees and 2,447 members at 1 location. Methuen Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of the town of Methuen, the Nevins Memorial Library, the Methuen Housing Authority, St. Ann's Home in Methuen, The Arts Institute of the Merrimack Valley, the Presentation of Mary Academy, and Dues paying members of the Methuen Historical Society.
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Health

B+

Data as of Q2 2017

Learn why bank health matters

Additional 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	0.13%
Return on Equity - YTD	1.03%
Annual Interest Income	$332.00K

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$24.3MM$23.3MM
Loans	Q2 2017vs Q2 2016	$11.4MM$10.9MM
Deposits	Q2 2017vs Q2 2016	$21.3MM$20.3MM
Equity Capital	Q2 2017vs Q2 2016	$2.9MM$3.0MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$58.00K$64.00K
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$27.00K$67.00K
Real Estate Owned	Q2 2017vs Q2 2016	$0$0

Rates

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Savings
CD

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Methuen Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	-	-	IRA Account
0.15%	$100	-	Share Account
0.15%	-	-	Club Account

Methuen Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	$1k	-	24 Month CD
0.75%	$1k	-	18 Month CD
0.50%	$1k	-	12 Month CD
0.40%	$1k	-	6 Month CD

Locations

Methuen Federal Credit Union Locations
Branch Office	248 Broadway	Methuen, MA 01844