Methuen Federal Credit Union


Overview / Commentary
978-686-1471
248 Broadway
Methuen, MA 01844

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

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Health
B+
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 Chartered1956
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD7.2%
Annual Interest Income$872.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$25.0MM$24.4MM
LoansQ4 2019vs Q4 2018$14.0MM$13.6MM
DepositsQ4 2019vs Q4 2018$21.4MM$21.3MM
Equity CapitalQ4 2019vs Q4 2018$3.5MM$3.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$59.00K$59.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$50.00K$54.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates

Rates for Methuen Federal Credit Union are currently being reviewed.

Locations


Methuen Federal Credit Union Locations
Branch Office248 BroadwayMethuen, MA 01844

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