Featured Savings Rates
Featured Accounts

Mills42 Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.15%1-year CD12 Month CD Special w/eStatements
1.25%18-month CD18 Month CD Special w/eStatements
1.50%Reward CheckingSharedraft Accounts

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

Mills42 Federal Credit Union is headquartered in Lowell and is the 103rd largest credit union in the state of Massachusetts. It is also the 3,516th largest credit union in the nation. It was established in 1958 and as of March of 2017, it had grown to 5 employees and 2,567 members at 1 location. Mills42 Federal Credit Union's CD rates are 28% 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
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 - YTD0.44%
Return on Equity - YTD4.2%
Annual Interest Income$196.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$18.9MM$20.1MM
LoansQ1 2017vs Q1 2016$15.9MM$14.8MM
DepositsQ1 2017vs Q1 2016$16.2MM$17.0MM
Equity CapitalQ1 2017vs Q1 2016$2.0MM$1.9MM
Loan Loss AllowanceQ1 2017vs Q1 2016$53.00K$49.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$16.00K$30.00K
Real Estate OwnedQ1 2017vs Q1 2016$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
1.30%$25k-18 Month Jumbo CD Special w/eStatements
1.29%$200-60 Month Kid's Club CD
1.25%$500-48 - 59 Month CD
1.25%$500-18 Month CD Special w/eStatements
1.24%$200-48 - 59 Month Kid's Club CD
1.20%$500-36 - 47 Month CD w/eStatements
1.15%$500-12 Month CD Special 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

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