Quincy Credit Union is headquartered in Quincy and is the 22nd largest credit union in the state of Massachusetts. It is also the 531st largest credit union in the nation. It was established in 1937 and as of June of 2020, it had grown to 66 employees and 34,653 members at 2 locations. Quincy Credit Union's money market rates are 14% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership in Quincy Credit Union is open to those who live or work in the Massachusetts counties of Norfolk or Plymouth, or the community of Dorchester. Employees of the City of Quincy are also eligible for membership, as are family members of current Quincy Credit Union members.
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Only Up To 3K CD Can Be Opened
tried to open a CD account online but it wont let you proceed if CD amount is more than 3000 for 6 or 7 years CD. not worth.
Terrible Customer Service And Less Than Professional!
As a business professional myself I am in a field where customer service is paramount. I can unequivocally say that Quincy Credit Union's customer service lacks in every area, and they are not shy about letting you know they are not concerned with you, the customer. I would not recommend this institution to anyone seeking banking or financial services.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67709 |
| Year Chartered | 1937 |
| Employees | 66 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.31% |
| Return on Equity - YTD | 2.36% |
| Annual Interest Income | $8.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $636.6MM$553.0MM |
| Loans | Q2 2020vs Q2 2019 | $345.3MM$351.2MM |
| Deposits | Q2 2020vs Q2 2019 | $550.5MM$471.7MM |
| Equity Capital | Q2 2020vs Q2 2019 | $81.9MM$76.3MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $590.00K$565.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $276.00K$72.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |