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Overview / Commentary
50 Main St
Millbury, MA 01527

Millbury Federal Credit Union is headquartered in Millbury and is the 31st largest credit union in the state of Massachusetts. It is also the 753rd largest credit union in the nation. It was established in 1934 and as of December of 2016, it had grown to 78 employees and 27,911 members at 5 locations. Millbury Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Must live or work in Worcester County.
See current membership details

Reviews (1)

Millbury Credit Union - Excellent Service

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.


Health Grade Components

NCUA #24543
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD3.76%
Annual Interest Income$9.6MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$308.6MM$301.8MM
LoansQ4 2016vs Q4 2015$244.4MM$232.7MM
DepositsQ4 2016vs Q4 2015$278.4MM$269.9MM
Equity CapitalQ4 2016vs Q4 2015$24.1MM$23.0MM
Loan Loss AllowanceQ4 2016vs Q4 2015$579.00K$585.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$3.3MM$4.2MM
Real Estate OwnedQ4 2016vs Q4 2015$3.9MM$3.8MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Millbury Federal Credit Union Savings Account Rates

0.70%$200-IRA Flex Savings
0.05%$25-Passbook Savings
0.05%$25-School Banking
0.05%$25-Christmas Club
0.05%$25-Vacation Club
0.05%$25-Statement Savings

Millbury Federal Credit Union Money Market Rates

0.25%*$250k*-Money Market Statement Account
OTHER TIERS: 0.05% Up to $50k | 0.10% $50k - $100k | 0.20% $100k - $250k
0.10%*$50k*-Money Market Checking
OTHER TIERS: 0.05% Up to $50k
0.05%$25-Money Market Passbook

Millbury Federal Credit Union Checking Account Rates

0.20%--Wealth Manager
0.05%$400-NOW Checking

Millbury Federal Credit Union CD Rates

2.00%$500-36 Month Jump Up CD - Year 3
1.75%$500-36 Month Jump Up CD - Year 2
1.65%$500-60 Month CD
1.50%$500-48 Month CD
1.25%$500-36 Month Jump Up CD - Year 1
1.20%$500-36 Month CD
1.00%$500-24 Month CD
1.00%$500-15 Month 55+ CD Special
0.75%$500-15 Month CD
0.65%$500-18 Month CD
0.45%$500-12 Month CD
0.30%$500-6 Month CD
0.25%$500-6 Month Bank At Work CD

Millbury Federal Credit Union IRA Rates

2.00%$500-36 Month Jump Up IRA - Year 3
1.75%$500-36 Month Jump Up IRA - Year 2
1.65%$200-60 Month IRA Certificate
1.50%$200-48 Month IRA Certificate
1.25%$500-36 Month Jump Up IRA - Year 1
1.20%$200-36 Month IRA Certificate
1.00%$200-24 Month IRA Certificate
1.00%$200-15 Month 55+ IRA Certificate Special
0.75%$200-15 Month IRA Certificate
0.65%$200-18 Month IRA Certificate
0.45%$200-12 Month IRA Certificate

Millbury Federal Credit Union Locations
Branch Office377 Providence RdSouth Grafton, MA 01560
Branch Office460 W Boylston StWorcester, MA 01606
Branch Office56 Auburn StAuburn, MA 01501
Branch Office50 Main StMillbury, MA 01527
Branch Office117B Stafford StWorcester, MA 01603-1440