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200 Revere Beach Pkwy
Chelsea, MA 02150-1608

Metro Credit Union is headquartered in Chelsea and is the 2nd largest credit union in the state of Massachusetts. It is also the 142nd largest credit union in the nation. It was established in 1926 and as of December of 2016, it had grown to 273 employees and 192,360 members at 15 locations. Metro Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Metro Credit Union is open to those who live, work, or own a business in Bristol, Essex, Middlesex, Barnstable, Norfolk, Plymouth, Suffolk, or Worcester Counties in Massachusetts.
See current membership details

Related Posts

Metro CU (MA) Raises Rate Online Money Market - 11/10/2016

Metro CU (eastern Massachusetts) raised the rate on its Online Money Market (1.25% APY, $10k+). Minimum opening deposit is $2k and must be opened online.

High Yield Savings 1.20% $50K Min - 6/19/2016

https://www.metrocu.org/personal/banking/rates *Annual Percentage Yield (APY) as of 6/13/16. but may vary after account opening, is subject to change and is based on daily balances. Rates may change throughout the month and will affect the monthly interest payment. Fees may reduce earnings. Accounts cannot be accessed using ATM or Debit Card. $10,000 minimum opening deposit is required. Minimum withdrawal fee of $25 if withdrawal is less than $10,000. Low balance fee of $25, if at any time during the month the end of day balance falls below $10,000. New Money ONL Sounds good but they have a history of offering this High Yield Savings Account then dropping rate quickly. Then they offer new  deal but for new accounts only.

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Reviews (2)

Service With A Smile

I'm a relatively happy member of the Metro Credit Union here in eastern Massachusetts; this credit union's greatest strength is the customer service you get in person and over the phone; there's always a smiling face willing to go above and beyond to help you with anything...even the credit union's sometimes flaky on-line banking website. Keep in mind, the folks at the branches are TELLERS financial experts. They're really not supposed to get involved in trouble-shooting to see if the website problems are with their own system or the customer's laptop! However, on a recent occasion when I couldn't get one function of the metrocu.org site to work, one of the tellers did bring me and my laptop into an office and double-checked the functions between my computer and a bank's personal computer; she was able to replicate the problem on a bank computer, and forward an IT ticket for resolution. Service With A Smile!

Great for student life and beyond!

I got my first METRO Credit Union account as a graduate student--a simple savings and checking account. From the beginning, METRO has been attentive to my specific needs, and I have remained with them as I have expanded my needs to include a more aggressive savings account, direct deposit, and a personal credit card that they service. Most transactions can be completed online, including opening new accounts and applying for loans. When it is necessary to go into a branch, there is almost always friendly customer service (except during very high-volume periods). They have an extremely reasonable fee structure, great options like overdraft protection, and easily accessible high-yield savings account. From a financial standpoint, I feel very little need to take my business elsewhere. The only areas in which METRO falls short of ideal are its web presence and its limited number of branches. METRO is clearly trying to create a more seamless mobile experience, and it has definitely improved over the 5+ years I have banked with them. But there are still more times than I would like where online banking is down or otherwise inaccessible. Their locations in the city aren't terribly convenient, so in a perfect world they would open a few more branches, but since so much banking can be done online, this doesn't affect my day-to-day experience with METRO very negatively. Ultimately, I would recommend this credit union for its helpfulness, honesty, good products, and constant drive for improvement. It is a great beginner bank for a student, and one that has what it takes to grow with its customers over time.


Health Grade Components

NCUA #66364
Year Chartered1926
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD5.75%
Annual Interest Income$44.4MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$1.63B$1.49B
LoansQ4 2016vs Q4 2015$1.38B$1.22B
DepositsQ4 2016vs Q4 2015$1.27B$1.15B
Equity CapitalQ4 2016vs Q4 2015$143.1MM$134.6MM
Loan Loss AllowanceQ4 2016vs Q4 2015$7.3MM$6.7MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$2.3MM$3.6MM
Real Estate OwnedQ4 2016vs Q4 2015$0$464.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Metro Credit Union Savings Account Rates

2.00%*-$3kMy Reward Savings
OTHER TIERS: 0.10% $3k+
0.50%$25-IRA Accumulator
0.50%--Roth IRA Accumulator
0.50%--CESA Accumulator
0.50%*$50k*-High Yield Savings (New Money)
OTHER TIERS: 0.25% Up to $10k | 0.30% $10k - $25k | 0.40% $25k - $50k
0.10%$25-Regular Savings
0.10%$25-Christmas Club
0.10%$25-Vacation Club
0.10%$25-Business Regular Savings
0.10%$25-SMART Savings

Metro Credit Union Money Market Rates

0.45%*$100k*-Business Money Market Account
OTHER TIERS: 0.15% Up to $10k | 0.25% $10k - $50k | 0.35% $50k - $100k
0.35%*$75k*-Money Market Account
OTHER TIERS: 0.15% $2k - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $75k

Metro Credit Union Checking Account Rates

0.50%*$250k*-Business Interest Checking Account
OTHER TIERS: 0.25% $10k - $50k | 0.35% $50k - $100k | 0.45% $100k - $250k
0.15%$25-Free Business Interest Checking Account

Metro Credit Union CD Rates

1.25%$500-60 Month CD
1.25%$500-Business 60 Month CD
0.90%$500-36 Month CD
0.90%$500-Business 36 Month CD
0.75%$500-24 Month CD
0.75%$500-Business 24 Month CD
0.65%$500-18 Month CD
0.65%$500-Business 18 Month CD
0.50%$500-12 Month CD
0.50%$500-Business 12 Month CD
0.20%$500-6 Month CD
0.15%$500-3 Month CD
0.15%$500-Business 3 Month CD

Metro Credit Union IRA Rates

1.60%$500-60 Month IRA
1.30%$500-36 Month IRA
1.25%$500-24 Month IRA
1.10%$500-18 Month IRA
0.75%$500-12 Month IRA

Metro Credit Union has 15 locations. Click to view all Metro Credit Union locations.