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 60th largest credit union in the state of Massachusetts. It is also the 1,717th largest credit union in the nation. It was established in 1923 and as of December of 2018, it had grown to 24 employees and 9,783 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

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

Pioneer Valley Credit Union: 37-Month, 3.05% - 9/15/2018

Pioneer Valley CU is offering a 37-month CD, with an APY of 3.05%. $1000 minimum. https://3603db.campgn5.com/Summer-CD-Special?vsmaid=162&vcid=1927

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Reviews (1)

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.



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
Employees24
Primary Regulator
Profit Margin
Return on Assets - YTD1.89%
Return on Equity - YTD17.1%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$89.1MM$73.3MM
LoansQ4 2018vs Q4 2017$72.0MM$53.8MM
DepositsQ4 2018vs Q4 2017$70.2MM$60.9MM
Equity CapitalQ4 2018vs Q4 2017$10.1MM$8.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$416.00K$400.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$210.00K$209.00K
Real Estate OwnedQ4 2018vs Q4 2017$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

Pioneer Valley Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$100k*-Money Market Account
OTHER TIERS: 1.25% $2.5k - $20k | 1.35% $20k - $50k | 1.40% $50k - $100k

Pioneer Valley Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.33%*-$25kInvestor Rewards Checking Account
OTHER TIERS: 0.30% $25k+

Pioneer Valley Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*$25k*-60 Month Share Certificate
OTHER TIERS: 3.25% $1k - $25k
3.00%*$25k*-48 Month Share Certificate
OTHER TIERS: 2.85% $1k - $25k
2.75%*$25k*-36 Month Share Certificate
OTHER TIERS: 2.50% $1k - $25k
2.55%*$25k*-24 Month Share Certificate
OTHER TIERS: 2.35% $1k - $25k
2.50%*$25k*-18 Month Direct FLEX Share Certificate
OTHER TIERS: 2.25% $500 - $25k
2.15%$1k-12 Month Share Certificate
1.85%$1k-6 Month Share Certificate

Pioneer Valley Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*$25k*-60 Month IRA Certificate
OTHER TIERS: 3.25% $500 - $25k
3.00%*$25k*-48 Month IRA Certificate
OTHER TIERS: 2.85% $500 - $25k
2.75%*$25k*-36 Month IRA Certificate
OTHER TIERS: 2.50% $500 - $25k
2.55%*$25k*-24 Month IRA Certificate
OTHER TIERS: 2.35% $500 - $25k
2.50%*$25k*-18 Month IRA Certificate
OTHER TIERS: 2.25% $500 - $25k
2.15%$500-12 Month IRA Certificate
1.85%$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 01085-1624

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