Millbury Federal Credit Union is headquartered in Millbury and is the 29th largest credit union in the state of Massachusetts. It is also the 740th largest credit union in the nation. It was established in 1934 and as of September of 2022, it had grown to 83 employees and 33,177 members at 5 locations. Millbury Federal Credit Union has a B+ health rating.
Membership in Millbury Federal Credit Union is open to those who live or work in Worcester County in Massachusetts.
See current membership details
I have been with this credit union for over 6 years. I opened my first savings account there when I was in high school, since they provided a free service to students. When I went to college, I opened a checking account which linked to my savings. They have been easy to work with when I have had questions or concerns about my account. The wait time inside any branch is exceptionally fast when you need to go into a branch in person, which is one of the primary reasons I have stayed with this credit union. I have never waited in line for more than 5 minutes when I have needed to talk to a representative. The only critiques I have with Millbury Credit Union is that because I left the area for college, and it is a local union, it was almost impossible to do any type of banking that you couldn't do online or over the phone (such as cash deposits). Because of that, I made the MCU my primary savings account, and switched to a new checking account with a national bank. Other than the problem of only having local branches, I have been very pleased with using Millbury Credit Union.
|Return on Assets - YTD||0.45%|
|Return on Equity - YTD||7.4%|
|Annual Interest Income||$10.3MM|
|Assets and Liabilities|
|Assets||Q3 2022vs Q3 2021||$466.0MM$458.5MM|
|Loans||Q3 2022vs Q3 2021||$372.2MM$336.0MM|
|Deposits||Q3 2022vs Q3 2021||$422.5MM$422.7MM|
|Equity Capital||Q3 2022vs Q3 2021||$28.7MM$34.6MM|
|Loan Loss Allowance||Q3 2022vs Q3 2021||$1.8MM$1.7MM|
|Unbacked Noncurrent Loans||Q3 2022vs Q3 2021||$1.3MM$937.00K|
|Real Estate Owned||Q3 2022vs Q3 2021||$0$3.4MM|
Rates for Millbury Federal Credit Union are currently being reviewed.
|Millbury Federal Credit Union Locations|
|Branch Office||377 Providence Rd||South Grafton, MA 01560|
|Branch Office||460 W Boylston St||Worcester, MA 01606|
|Branch Office||56 Auburn St||Auburn, MA 01501|
|Branch Office||50 Main St||Millbury, MA 01527|
|Branch Office||117 Stafford St Ste B||Worcester, MA 01603-1478|