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 52nd largest credit union in the state of Massachusetts. It is also the 1,565th largest credit union in the nation. It was established in 1923 and as of December of 2019, it had grown to 26 employees and 10,229 members at 3 locations. Pioneer Valley Credit Union 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.
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Reviews (3)

A Good Choice

Posted by: |

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: |

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

Health Grade Components

Overall
NCUA #24443
Year Chartered1923
Employees26
Primary Regulator
Profit Margin
Return on Assets - YTD1.51%
Return on Equity - YTD14.32%
Annual Interest Income$5.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$109.0MM$89.1MM
LoansQ4 2019vs Q4 2018$80.7MM$72.0MM
DepositsQ4 2019vs Q4 2018$90.3MM$70.2MM
Equity CapitalQ4 2019vs Q4 2018$11.8MM$10.1MM
Loan Loss AllowanceQ4 2019vs Q4 2018$543.00K$416.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$366.00K$210.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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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
0.03%--Secondary Share

Pioneer Valley Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Money Market Account
OTHER TIERS: 0.10% $2.5k - $20k | 0.15% $20k - $50k | 0.25% $50k - $100k

Pioneer Valley Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*-$25kInvestor Rewards Checking Account
OTHER TIERS: 0.10% $25k+

Pioneer Valley Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$25k*-60 Month Share Certificate
OTHER TIERS: 0.85% $1k - $25k
0.80%*$25k*-48 Month Share Certificate
OTHER TIERS: 0.75% $1k - $25k
0.70%*$25k*-36 Month Share Certificate
OTHER TIERS: 0.65% $1k - $25k
0.60%*$25k*-24 Month Share Certificate
OTHER TIERS: 0.55% $1k - $25k
0.50%*$25k*-18 Month Direct FLEX Share Certificate
OTHER TIERS: 0.45% $500 - $25k
0.40%$1k-12 Month Share Certificate
0.35%$1k-6 Month Share Certificate

Pioneer Valley Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$25k*-60 Month IRA Certificate
OTHER TIERS: 0.85% $500 - $25k
0.80%*$25k*-48 Month IRA Certificate
OTHER TIERS: 0.75% $500 - $25k
0.70%*$25k*-36 Month IRA Certificate
OTHER TIERS: 0.65% $500 - $25k
0.60%*$25k*-24 Month IRA Certificate
OTHER TIERS: 0.55% $500 - $25k
0.50%*$25k*-18 Month IRA Certificate
OTHER TIERS: 0.45% $500 - $25k
0.40%$500-12 Month IRA Certificate
0.35%$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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