Featured Savings Rates
Featured Accounts

Mills42 Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.05%1-year CD12 Month CD Special w/eStatements
1.50%Reward CheckingSharedraft Accounts
1.50%5-year CD60 Month CD

Overview / Commentary
978-328-5100
83 Merrimack St
Lowell, MA 01852

Mills42 Federal Credit Union is headquartered in Lowell and is the 102nd largest credit union in the state of Massachusetts. It is also the 3,466th largest credit union in the nation. It was established in 1958 and as of September of 2016, it had grown to 5 employees and 2,517 members at 1 location. Mills42 Federal Credit Union's savings rates are 25% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to anyone who is a member of Mothers Against Drunk Driving (M.A.D.D.-donation required) or through membership of the Tewksbury Historical Society ($20 individual membership). Membership is also open to those who live, work, worship, or attend school in the city of Lowell, the northern portion of Chelmsford, or the western portion of Tewksbury.
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Health
B
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Mills42 Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #12666
Year Chartered1958
Employees5
Primary Regulator
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD3.86%
Annual Interest Income$585.00K
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$19.6MM$17.9MM
LoansQ3 2016vs Q3 2015$15.7MM$15.0MM
DepositsQ3 2016vs Q3 2015$16.5MM$14.5MM
Equity CapitalQ3 2016vs Q3 2015$2.0MM$1.9MM
Loan Loss AllowanceQ3 2016vs Q3 2015$49.00K$63.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$18.00K$27.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mills42 Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%--Round Up Savings
0.65%*$100k*-Super Saver Account
OTHER TIERS: 0.15% $2,500 - $10k | 0.25% $10k - $25k | 0.35% $25k - $50k | 0.45% $50k - $100k
0.30%$500-IRA Savings
0.10%$500-Share Savings
0.10%$500-Share Clubs
0.10%--Kids Club

Mills42 Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$500*$10kRewards Checking - Qualifying
OTHER TIERS: 0.20% $10k+

Mills42 Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$500-60 Month CD w/eStatements
1.50%$500-60 Month CD
1.50%$500-48 - 59 Month CD w/eStatements
1.29%$200-60 Month Kid's Club CD
1.25%$500-48 - 59 Month CD
1.24%$200-48 - 59 Month Kid's Club CD
1.20%$500-36 - 47 Month CD w/eStatements
1.09%$200-36 - 47 Month Kid's Club CD
1.05%$500-12 Month CD Special w/eStatements
0.95%$500-36 - 47 Month CD
0.90%$500-24 - 35 Month CD w/eStatements
0.89%$200-24 - 35 Month Kid's Club CD
0.75%$500-12 - 23 Month CD w/eStatements
0.65%$500-24 - 35 Month CD
0.55%$200-12 - 23 Month Kid's Club CD
0.50%$500-12 - 23 Month CD
0.40%$500-6 - 11 Month CD w/eStatements
0.35%$200-6 - 11 Month Kid's Club CD
0.15%$500-6 - 11 Month CD

Mills42 Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$500-60 Month IRA w/eStatements
1.50%$500-60 Month IRA
1.50%$500-48 - 59 Month IRA w/eStatements
1.25%$500-48 - 59 Month IRA
1.20%$500-36 - 47 Month IRA w/eStatements
0.95%$500-36 - 47 Month IRA
0.90%$500-24 - 35 Month IRA w/eStatements
0.75%$500-12 - 23 Month IRA w/eStatements
0.65%$500-24 - 35 Month IRA
0.50%$500-12 - 23 Month IRA
0.40%$500-6 - 11 Month IRA w/eStatements
0.15%$500-6 - 11 Month IRA
Locations


Mills42 Federal Credit Union Locations
Branch Office83 Merrimack StLowell, MA 01852