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Metro Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.20%Money MarketHigh Yield Savings Account
0.85% - Ally Bank Money Market AccountAdvertisement
1.25%5-year CD60 Month CD
1.85% - Synchrony Bank 60 Month CDAdvertisement
0.50%1-year CD12 Month CD
1.05% - Ally Bank High Yield 12-Month CDAdvertisement
View all Metro Credit Union rates »

Overview / Commentary
www.metrocu.org
877-696-3876
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 145th largest credit union in the nation. It was established in 1926 and as of June of 2016, it had grown to 287 employees and 189,721 members at 15 locations. Metro Credit Union's money market rates are 3X the national average, and it has an A health rating.

Field of Membership Restrictions

Metro Credit Union of Massachusetts is open to the businesses, residents, and the people that maintain employment within these qualified counties:Barnstable, Bristol, Essex, Middlesex, Norfolk, Plymouth, Suffolk, and Worcester.
See current membership details

Related Posts

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

Posted by: thankscommave | Jul 23, 2015

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!

1

Great for student life and beyond!

Posted by: lesatyagraha | Jul 20, 2015

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.

1


Health
A

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
NCUA #66364
Year Chartered1926
Employees287
Primary Regulator
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD5.96%
Annual Interest Income$21.2MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$1.54B$1.43B
LoansQ2 2016vs Q2 2015$1.26B$1.16B
DepositsQ2 2016vs Q2 2015$1.21B$1.10B
Equity CapitalQ2 2016vs Q2 2015$141.4MM$131.0MM
Loan Loss AllowanceQ2 2016vs Q2 2015$6.8MM$6.5MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$4.7MM$4.2MM
Real Estate OwnedQ2 2016vs Q2 2015$0$60.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$3kMy Reward Savings
OTHER TIERS: 0.10% → $3k+
0.50%$25-IRA Accumulator
0.50%--Roth IRA Accumulator
0.50%--CESA Accumulator
0.10%$25-Regular Savings
0.10%$25-Christmas Club
0.10%$25-Vacation Club
0.10%$25-Business Regular Savings

Metro Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.20%*$50k*-High Yield Savings Account
OTHER TIERS: 0.15% → Up to $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$500-60 Month IRA
1.15%$500-36 Month IRA
1.00%$500-24 Month IRA
0.80%$500-18 Month IRA
0.65%$500-12 Month IRA
Locations

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