Millbury Federal Credit Union

Overview / Commentary
50 Main St
Millbury, MA 01527

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.

Field of Membership Restrictions

Membership in Millbury Federal Credit Union is open to those who live or work in Worcester County in Massachusetts.
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 - YTD0.45%
Return on Equity - YTD7.4%
Annual Interest Income$10.3MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$466.0MM$458.5MM
LoansQ3 2022vs Q3 2021$372.2MM$336.0MM
DepositsQ3 2022vs Q3 2021$422.5MM$422.7MM
Equity CapitalQ3 2022vs Q3 2021$28.7MM$34.6MM
Loan Loss AllowanceQ3 2022vs Q3 2021$1.8MM$1.7MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$1.3MM$937.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$3.4MM

Rates for Millbury Federal Credit Union are currently being reviewed.


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 Office117 Stafford St Ste BWorcester, MA 01603-1478

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