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Millbury Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.65%5-year CD60 Month CD
0.45%1-year CD12 Month CD
0.05%SavingsStatement Savings

Overview / Commentary
508-865-7600
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 743rd largest credit union in the nation. It was established in 1934 and as of September of 2016, it had grown to 77 employees and 27,369 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
C

Health Grade Components

Overall
NCUA #24543
Year Chartered1934
Employees77
Primary Regulator
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD3.95%
Annual Interest Income$7.2MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$311.2MM$299.5MM
LoansQ3 2016vs Q3 2015$242.7MM$229.6MM
DepositsQ3 2016vs Q3 2015$275.8MM$267.5MM
Equity CapitalQ3 2016vs Q3 2015$24.2MM$23.1MM
Loan Loss AllowanceQ3 2016vs Q3 2015$579.00K$615.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$3.5MM$3.4MM
Real Estate OwnedQ3 2016vs Q3 2015$3.7MM$3.8MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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%$25-Money Market Passbook

Millbury Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Wealth Manager
0.05%$400-NOW Checking

Millbury Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.65%$500-60 Month CD
1.50%$500-48 Month CD
1.20%$500-36 Month CD
1.00%$500-24 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.65%$200-60 Month IRA Certificate
1.50%$200-48 Month IRA Certificate
1.20%$200-36 Month IRA Certificate
1.00%$200-24 Month IRA Certificate
0.65%$200-18 Month IRA Certificate
0.45%$200-12 Month IRA Certificate
Locations


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