Millbury Federal Credit Union is headquartered in Millbury and is the 29th largest credit union in the state of Massachusetts. It is also the 736th largest credit union in the nation. It was established in 1934 and as of December of 2021, it had grown to 84 employees and 33,136 members at 5 locations. Millbury Federal Credit Union has an A 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.
Overall | |
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NCUA # | 24543 |
Year Chartered | 1934 |
Employees | 84 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.72% |
Return on Equity - YTD | 9.54% |
Annual Interest Income | $12.7MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2021vs Q4 2020 | $463.6MM$407.4MM |
Loans | Q4 2021vs Q4 2020 | $341.3MM$303.1MM |
Deposits | Q4 2021vs Q4 2020 | $426.7MM$373.4MM |
Equity Capital | Q4 2021vs Q4 2020 | $34.7MM$32.5MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $1.8MM$1.6MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $1.1MM$1.9MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $0$3.4MM |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.50% | - | - | Retirement Savings | |
0.05% | - | - | Passbook Savings | |
0.05% | - | - | School Banking | |
0.05% | - | - | Christmas Club | |
0.05% | - | - | Vacation Club | |
0.05% | - | - | Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.75%* | $1 | $250k | Wealth Invest! | ||
OTHER TIERS: 0.20% → $250k+ | |||||
0.20% | - | - | Wealth Manager | ||
0.05% | - | - | NOW Checking | ||
0.05% | - | - | Optimum Checking |
Millbury Federal Credit Union Locations | ||
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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 |