Naveo Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.35% | 1-year CD | 13 Month CD 2.30% - Ally Bank High Yield 12-Month CD |
| 0.10% | Savings | Statement Savings |
| 0.90% | 3-year CD | 36 Month CD 2.55% - Ally Bank High Yield 3 Year CD |
Naveo Credit Union is headquartered in Somerville and is the 51st largest credit union in the state of Massachusetts. It is also the 1,379th largest credit union in the nation. It was established in 1928 and as of March of 2018, it had grown to 23 employees and 7,948 members at 3 locations. Naveo Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, attend school or work in Suffolk or Middlesex Counties and in the municipalities of Lynn, Peabody, Salem, Nahant, Saugus, Lynnfield, Swampscott, and Marblehead in Essex County.
See current membership details
Naveo Credit Union
I had a good experience here. It was the first place I opened a savings account about 15 years ago. The interest rates at the time were good. The name of the bank has changed. It used to be called Cambridge Portuguese Credit Union. Now it's Naveo Credit Union. The people that work there are very friendly and helpful. The lines can get pretty long on pay day. The loan rates were decent. They have two branches. One in Somerville Massachusetts and the other I believe is in Cambridge, MA. I've been to both. They were recently remodeled and look nice.
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68046 |
| Year Chartered | 1928 |
| Employees | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.32% |
| Return on Equity - YTD | 4.26% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $128.7MM$126.1MM |
| Loans | Q1 2018vs Q1 2017 | $85.7MM$74.2MM |
| Deposits | Q1 2018vs Q1 2017 | $118.1MM$116.1MM |
| Equity Capital | Q1 2018vs Q1 2017 | $9.7MM$9.4MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $647.00K$538.00K |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $68.00K$55.00K |
| Real Estate Owned | Q1 2018vs Q1 2017 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Naveo Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | $25 | - | Business Savings | |
| 0.10% | $25 | - | Passbook Savings | |
| 0.10% | $25 | - | Statement Savings | |
| 0.10% | $25 | - | Christmas Club | |
| 0.10% | $25 | - | Kids Club |
Naveo Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.35%* | $100k* | - | Tiered Money Market Checking | ||
| OTHER TIERS: 0.20% → $25 - $50k | 0.25% → $50k - $100k | |||||
Naveo Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $25 | - | Secure Checking |
Naveo Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.61% | $1k | - | 20 Month CD Special | |
| 1.51% | $1k | - | 14 Month CD Special | |
| 0.90% | $1k | - | 36 Month CD | |
| 0.85% | $1k | - | 8 Month CD Special | |
| 0.40% | $1k | - | 18 Month CD | |
| 0.35% | $1k | - | 13 Month CD | |
| 0.15% | $1k | - | 6 Month CD |
Naveo Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.61% | $500 | - | 20 Month IRA Special | |
| 1.51% | $500 | - | 14 Month IRA Special | |
| 0.90% | $500 | - | 36 Month IRA | |
| 0.40% | $500 | - | 18 Month IRA | |
| 0.35% | $500 | - | 13 Month IRA | |
| 0.30% | $500 | - | 9 Month IRA | |
| 0.15% | $500 | - | 6 Month IRA |
| Naveo Credit Union Locations | ||
|---|---|---|
| Branch Office | 493 Somerville Ave | Somerville, MA 02143 |
| Branch Office | 251 Hampshire St | Cambridge, MA 02139 |
| Branch Office | 947 Western Ave | Lynn, MA 01905 |