Millbury Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.00% | 5-year CD | 60 Month CD 2.50% - Ally Bank High Yield 5 Year CD |
| 0.70% | 1-year CD | 12 Month CD |
| 0.05% | Savings | Statement Savings |
Millbury Federal Credit Union is headquartered in Millbury and is the 31st largest credit union in the state of Massachusetts. It is also the 744th largest credit union in the nation. It was established in 1934 and as of December of 2017, it had grown to 75 employees and 27,957 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
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.
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24543 |
| Year Chartered | 1934 |
| Employees | 75 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.35% |
| Return on Equity - YTD | 4.52% |
| Annual Interest Income | $10.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $329.2MM$308.6MM |
| Loans | Q4 2017vs Q4 2016 | $265.9MM$244.4MM |
| Deposits | Q4 2017vs Q4 2016 | $300.1MM$278.4MM |
| Equity Capital | Q4 2017vs Q4 2016 | $25.2MM$24.1MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $640.00K$579.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $1.5MM$3.3MM |
| Real Estate Owned | Q4 2017vs Q4 2016 | $4.0MM$3.9MM |
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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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | - | - | Retirement 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $250k* | - | Business Money Market Statement Account | ||
| OTHER TIERS: 0.05% → $25 - $50k | 0.10% → $50k - $100k | 0.20% → $100k - $250k | |||||
| 0.25%* | $250k* | - | Money Market Statement Account | ||
| OTHER TIERS: 0.05% → $25 - $50k | 0.10% → $50k - $100k | 0.20% → $100k - $250k | |||||
| 0.10%* | $50k* | - | Money Market Checking | ||
| OTHER TIERS: 0.05% → $25 - $50k | |||||
| 0.05% | - | - | Money Market Passbook | ||
Millbury Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | - | - | Wealth Manager | |
| 0.05% | $400 | - | NOW Checking |
Millbury Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $500 | - | 60 Month CD | |
| 1.75% | $500 | - | 48 Month CD | |
| 1.29% | $500 | - | 36 Month CD | |
| 1.15% | $500 | - | 24 Month CD | |
| 0.75% | $500 | - | 18 Month CD | |
| 0.70% | $500 | - | 12 Month CD | |
| 0.40% | $500 | - | 6 Month CD | |
| 0.25% | $500 | - | 6 Month Bank At Work CD |
Millbury Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $200 | - | 3 Year Rising Rate IRA - Year 3 | |
| 2.00% | $200 | - | 60 Month IRA Certificate | |
| 1.75% | $200 | - | 48 Month IRA Certificate | |
| 1.75% | $200 | - | 3 Year Rising Rate IRA - Year 2 | |
| 1.50% | $200 | - | 3 Year Rising Rate IRA - Year 1 | |
| 1.29% | $200 | - | 36 Month IRA Certificate | |
| 1.15% | $200 | - | 24 Month IRA Certificate | |
| 0.75% | $200 | - | 18 Month IRA Certificate | |
| 0.70% | $200 | - | 12 Month IRA Certificate |
| 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 | 117B Stafford St | Worcester, MA 01603-1440 |