Naveo Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.77% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 0.10% | Savings | 0.27% - National Average |
| 2.48% | 4-year CD | 2.90% - Barclays 48 Month Online CD |
Naveo Credit Union is headquartered in Somerville and is the 51st largest credit union in the state of Massachusetts. It is also the 1,370th largest credit union in the nation. It was established in 1928 and as of December of 2018, it had grown to 24 employees and 8,822 members at 2 locations. Naveo Credit Union has a B+ 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 Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68046 |
| Year Chartered | 1928 |
| Employees | 24 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.68% |
| Return on Equity - YTD | 8.5% |
| Annual Interest Income | $4.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $130.9MM$126.2MM |
| Loans | Q4 2018vs Q4 2017 | $86.6MM$83.8MM |
| Deposits | Q4 2018vs Q4 2017 | $119.2MM$115.9MM |
| Equity Capital | Q4 2018vs Q4 2017 | $10.5MM$9.7MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $636.00K$620.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $133.00K$59.00K |
| Real Estate Owned | Q4 2018vs Q4 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 | |||||
| 0.35%* | $100k* | - | Business 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 |
|---|---|---|---|---|
| 2.48% | $1k | - | 48 Month CD Special | |
| 2.48% | $1k | - | Business 48 Month CD Special | |
| 2.17% | $1k | - | 20 Month CD Special | |
| 2.17% | $1k | - | Business 20 Month CD Special | |
| 1.97% | $1k | - | 14 Month CD Special | |
| 1.97% | $1k | - | Business 14 Month CD Special | |
| 1.77% | $1k | - | 11 Month CD Special | |
| 1.77% | $1k | - | Business 11 Month CD Special | |
| 1.66% | $1k | - | 8 Month CD Special | |
| 1.66% | $1k | - | Business 8 Month CD Special |
Naveo Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.48% | $500 | - | 48 Month IRA Special | |
| 2.17% | $500 | - | 20 Month IRA Special | |
| 1.97% | $500 | - | 14 Month IRA Special |
| Naveo Credit Union Locations | ||
|---|---|---|
| Branch Office | 493 Somerville Ave | Somerville, MA 02143 |
| Branch Office | 251 Hampshire St | Cambridge, MA 02139 |