Pioneer Valley Credit Union

Overview / Commentary
246 Brookdale Dr
Springfield, MA 01104-3210

Pioneer Valley Credit Union is headquartered in Springfield and is the 52nd largest credit union in the state of Massachusetts. It is also the 1,576th largest credit union in the nation. It was established in 1923 and as of December of 2021, it had grown to 22 employees and 10,725 members at 4 locations. Pioneer Valley Credit Union has an A+ health rating.

Field of Membership Restrictions

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

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 Grade Components

NCUA #24443
Year Chartered1923
Primary Regulator
Profit Margin
Return on Assets - YTD1.28%
Return on Equity - YTD11.47%
Annual Interest Income$5.0MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$132.3MM$121.7MM
LoansQ4 2021vs Q4 2020$90.8MM$81.9MM
DepositsQ4 2021vs Q4 2020$110.2MM$101.5MM
Equity CapitalQ4 2021vs Q4 2020$14.8MM$13.1MM
Loan Loss AllowanceQ4 2021vs Q4 2020$783.00K$692.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$388.00K$273.00K
Real Estate OwnedQ4 2021vs Q4 2020$0$0
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

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

0.35%*$100k*-Money Market Account
OTHER TIERS: 0.15% $2.5k - $20k | 0.25% $20k - $50k | 0.30% $50k - $100k

Pioneer Valley Credit Union Checking Account Rates

1.00%*-$25kInvestor Rewards Checking Account
OTHER TIERS: 0.25% $25k+

Pioneer Valley Credit Union CD Rates

1.25%*$25k*-60 Month Share Certificate
OTHER TIERS: 1.21% $1k - $25k
0.95%*$25k*-48 Month Share Certificate
OTHER TIERS: 0.90% $1k - $25k
0.85%*$25k*-36 Month Share Certificate
OTHER TIERS: 0.80% $1k - $25k
0.55%$1k-24 Month Share Certificate
0.55%*$25k*-18 Month Direct FLEX Share Certificate
OTHER TIERS: 0.50% $500 - $25k
0.45%$1k-12 Month Share Certificate
0.40%$1k-6 Month Share Certificate

Pioneer Valley Credit Union IRA Rates

1.25%*$25k*-60 Month IRA Certificate
OTHER TIERS: 1.21% $500 - $25k
0.95%*$25k*-48 Month IRA Certificate
OTHER TIERS: 0.90% $500 - $25k
0.85%*$25k*-36 Month IRA Certificate
OTHER TIERS: 0.80% $500 - $25k
0.55%*$25k*-18 Month IRA Certificate
OTHER TIERS: 0.50% $500 - $25k
0.55%$500-24 Month IRA Certificate
0.45%$1k-12 Month IRA Certificate
0.40%$1k-6 Month IRA Certificate

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
Branch Office1954 Wilbraham RdSpringfield, MA 01129-1823

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.