Mills42 Federal Credit Union is headquartered in Lowell and is the 80th largest credit union in the state of Massachusetts. It is also the 2,895th largest credit union in the nation. It was established in 1958 and as of March of 2025, it had grown to 6 employees and 2,941 members at 1 location. Mills42 Federal Credit Union 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
This Credit Union Is Awesome For People Like Juan
Thank you Juan for helping understand the process of the loan and for the help and understanding my problem and helping me open a new account.i really recommend this credit union because Juan understand and care about the costumer needs and they go above and beyond to help others..Ty Juan keep the awesome work and God blessed you u are a awesome human being..
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 12666 |
| Year Chartered | 1958 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.76% |
| Return on Equity - YTD | 6.64% |
| Annual Interest Income | $411K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $30.1MM$27.2MM |
| Loans | Q1 2025vs Q1 2024 | $19.9MM$21.2MM |
| Deposits | Q1 2025vs Q1 2024 | $26.4MM$23.4MM |
| Equity Capital | Q1 2025vs Q1 2024 | $3.4MM$3.1MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $63K$74K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $240K$36K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |