Featured Savings Rates
Featured Accounts

Mills42 Federal Credit Union

Popular Accounts at this Credit Union

1.35%6-month CD9 Month CD Special w/eStatements
1.50%Reward CheckingSharedraft Accounts
1.50%5-year CD60 Month CD

Overview / Commentary
83 Merrimack St
Lowell, MA 01852

Mills42 Federal Credit Union is headquartered in Lowell and is the 98th largest credit union in the state of Massachusetts. It is also the 3,332nd largest credit union in the nation. It was established in 1958 and as of December of 2017, it had grown to 4 employees and 2,631 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.
See current membership details

Related Posts

View all posts from:


No reviews have been left for this bank yet. Be the first to review.

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

NCUA #12666
Year Chartered1958
Primary Regulator
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD3.93%
Annual Interest Income$836.00K
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$21.0MM$19.4MM
LoansQ4 2017vs Q4 2016$16.8MM$15.6MM
DepositsQ4 2017vs Q4 2016$17.3MM$16.7MM
Equity CapitalQ4 2017vs Q4 2016$2.1MM$2.0MM
Loan Loss AllowanceQ4 2017vs Q4 2016$49.00K$52.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$62.00K$2.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Mills42 Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

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

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

Mills42 Federal Credit Union CD Rates

1.75%$500-60 Month CD w/eStatements
1.50%$500-60 Month CD
1.50%$500-48 - 59 Month CD w/eStatements
1.35%$500-9 Month CD Special 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
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

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

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