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Pioneer Valley Credit Union


Overview / Commentary
413-733-2800
246 Brookdale Dr
Springfield, MA 01104

Pioneer Valley Credit Union is headquartered in Springfield and is the 57th largest credit union in the state of Massachusetts. It is also the 1,668th largest credit union in the nation. It was established in 1923 and as of March of 2019, it had grown to 23 employees and 9,954 members at 3 locations. Pioneer Valley Credit Union's money market rates are 3X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Pioneer Valley Credit Union is open to anyone living in Connecticut, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont, by joining the Massachusetts Chapter of the American Consumer Council. Membership is also open to employees of Baystate Health, Springfield Division federal employees, and more than 25 other Select Employer Groups.
See current membership details

Related Posts

Here Is The Latest Casualty Of The Interest Rate Cuts - 6/28/2019

Interest rates were cut across the board on all certificates for those of us who were able join this small credit union. Unfortunately, the timing was not good for me as I was waiting on funds from a real estate sale and now will have to look elsewhere.

Pioneer Valley Credit Union 60-Month CD Earns 3.50% APY - 5/10/2019

Pioneer Valley Credit Union (easy membership in CT/MA/NH/NY/RI/VT) 60-month Share Certificate continues to earn 3.50% APY ($25k+) and 3.25% APY ($1k+).

Pioneer Valley CU 13-Month Special Ends 9/29 - 9/19/2018

Pioneer Valley's 13 month promotion (2.80% APY) ends on Sept. 29. https://3603db.campgn5.com/13-Month-Certificate-Special

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Reviews (3)

A Good Choice

Posted by: Dogbite | Jun 29, 2019

I recently joined and opened two certificate accounts.  The online part of the process was quick and efficient.  I have only Experian frozen, so I didn't experience any credit reference issues.  I mailed a check and they posted it within a day or two, so lack of ACH deposit was not an issue for me either.  They told me I could push funds to them from another institution, but mailing a check seemed a whole lot easier. The two people I have spoken with have been very friendly and helpful.  And I actually had an opportunity to visit their CU in person. It is small, but there were quite a few customers and employees there.  I'll be depositing there again.

Very Good Financial Institution

Posted by: rpik | Apr 12, 2019

I have been a member now for over 3 years. They have very good CD specials. Also I took an auto loan last year for my new truck because the rate was so low. This is a smaller credit union but the service is large. Very friendly and helpful staff in all departments I have been involved with so far. The online opening of a CD was a little confusing but when I called for help we worked through the process. I would recommend them over a brick and mortar bank and online bank for their period CD rate specials. I am a member of other credit unions but rate PVCU as superior.

Antiquated Security

I didn't pass the online identity verification because I had frozen my credit reports. They said I would have to come in to a branch to correct. I asked if I could just re-apply with my credit reports unfrozen. They said nope. So, if signing up online, make sure your credit reports are unfrozen.



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. Pioneer Valley Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #24443
Year Chartered1923
Employees23
Primary Regulator
Profit Margin
Return on Assets - YTD1.49%
Return on Equity - YTD13.25%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$96.4MM$77.1MM
LoansQ1 2019vs Q1 2018$71.5MM$57.1MM
DepositsQ1 2019vs Q1 2018$76.7MM$64.3MM
Equity CapitalQ1 2019vs Q1 2018$10.4MM$8.6MM
Loan Loss AllowanceQ1 2019vs Q1 2018$433.00K$419.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$197.00K$132.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Here Is The Latest Casualty Of The Interest Rate Cuts

ddbrege   |  
Interest rates were cut across the board on all certificates for those of us who were able join this small credit union. Unfortunately, the timing was not good for me as I was waiting on funds from a real estate sale and now will have to look elsewhere.

Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Pioneer Valley 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.

Pioneer Valley Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%$25-Share Account
0.03%$10-Holiday Club Account
0.03%$10-Vacation Club Account
0.03%$10-Emergency Fund Account
0.03%$10-IRA Account

Pioneer Valley Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%*$100k*-Money Market Account
OTHER TIERS: 1.00% $2.5k - $20k | 1.10% $20k - $50k | 1.20% $50k - $100k

Pioneer Valley Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%*-$25kInvestor Rewards Checking Account
OTHER TIERS: 0.30% $25k+

Pioneer Valley Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.65%*$25k*-60 Month Share Certificate
OTHER TIERS: 2.55% $1k - $25k
2.45%*$25k*-48 Month Share Certificate
OTHER TIERS: 2.35% $1k - $25k
2.25%*$25k*-36 Month Share Certificate
OTHER TIERS: 2.15% $1k - $25k
2.25%*$25k*-18 Month Direct Flex Certificate w/ Direct Deposit
OTHER TIERS: 2.00% $500 - $25k
2.10%*$25k*-24 Month Share Certificate
OTHER TIERS: 2.00% $1k - $25k
1.85%*$25k*-18 Month Direct FLEX Share Certificate
OTHER TIERS: 1.75% $500 - $25k
1.65%$1k-12 Month Share Certificate
1.55%$1k-6 Month Share Certificate

Pioneer Valley Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.65%*$25k*-60 Month IRA Certificate
OTHER TIERS: 2.55% $500 - $25k
2.45%*$25k*-48 Month IRA Certificate
OTHER TIERS: 2.35% $500 - $25k
2.25%*$25k*-18 Month IRA Certificate
OTHER TIERS: 2.00% $500 - $25k
2.25%*$25k*-36 Month IRA Certificate
OTHER TIERS: 2.15% $500 - $25k
2.10%*$25k*-24 Month IRA Certificate
OTHER TIERS: 2.00% $500 - $25k
1.65%$500-12 Month IRA Certificate
1.55%$500-6 Month IRA Certificate
Locations


Pioneer Valley Credit Union Locations
Branch Office2 Medical Center DrSpringfield, MA 01107
Branch Office246 Brookdale DrSpringfield, MA 01104
Branch Office100 Springdale RdWestfield, MA 01085-1987

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