Southern Mass Credit Union

Overview / Commentary
123 Alden Rd
Fairhaven, MA 02719

Southern Mass Credit Union is headquartered in Fairhaven and is the 34th largest credit union in the state of Massachusetts. It is also the 924th largest credit union in the nation. It was established in 1922 and as of June of 2020, it had grown to 49 employees and 14,237 members at 5 locations. Southern Mass Credit Union has an A health rating.

Field of Membership Restrictions

Southern Mass Credit Union is open to anyone who lives, works, or goes to school in Barnstable, Bristol, Dukes, Nantucket, or Plymouth County in Massachusetts, Newport or Bristol County in Rhode Island, or the Providence County Rhode Island towns and cities of Cranston, Cumberland, Central Falls, East Providence, North Providence, Providence, Johnston, Lincoln, North Smithfield, Smithfield, Woonsocket, or Pawtucket. Family of existing credit union members are also eligible to join.
See current membership details


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Health Grade Components

NCUA #67481
Year Chartered1922
Primary Regulator
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD5.1%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$281.9MM$231.7MM
LoansQ2 2020vs Q2 2019$193.9MM$173.3MM
DepositsQ2 2020vs Q2 2019$240.9MM$196.2MM
Equity CapitalQ2 2020vs Q2 2019$25.4MM$24.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$515.00K$461.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$973.00K$574.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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Always verify rates and promotions with the bank or credit union. We are not Southern Mass 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.

Southern Mass Credit Union Savings Account Rates

0.10%*$75k*-Savings Supreme
OTHER TIERS: 0.02% $5k - $25k | 0.05% $25k - $75k
0.05%$5-Regular Share
0.05%$5-Youth Savings
0.05%$25-Vacation Club
0.05%$25-IRA Savings Account
0.05%$25-Christmas Club

Southern Mass Credit Union Money Market Rates

0.15%*$75k*-Money Market
OTHER TIERS: 0.02% $25 - $5k | 0.05% $5k - $10k | 0.10% $10k - $75k

Southern Mass Credit Union Checking Account Rates

0.05%*$10k*-Platinum Checking
OTHER TIERS: 0.02% $5k - $10k

Southern Mass Credit Union CD Rates

0.70%$500-60 Month CD
0.65%$500-48 Month CD
0.55%$500-36 Month CD
0.35%$500-24 Month CD
0.25%$500-12 Month CD
0.25%$500-18 Month CD
0.25%$500-12 Month College Savings CD
0.20%$500-6 Month CD

Southern Mass Credit Union IRA Rates

0.70%$500-60 Month IRA
0.65%$500-48 Month IRA
0.55%$500-36 Month IRA
0.35%$500-24 Month IRA
0.25%$500-12 Month IRA
0.25%$500-18 Month IRA
0.20%$500-6 Month IRA

Southern Mass Credit Union Locations
Branch Office2926 Acushnet AveNew Bedford, MA 02745
Branch Office123 Alden RdFairhaven, MA 02719
Branch Office1101 Stafford RdFall River, MA 02721
Branch Office41 Obery StPlymouth, MA 02360
Branch Office490 Long Pond RdPlymouth, MA 02360

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