Southern Mass Credit Union

Overview / Commentary
123 Alden Rd
Fairhaven, MA 02719

Southern Mass Credit Union is headquartered in Fairhaven and is the 36th largest credit union in the state of Massachusetts. It is also the 962nd largest credit union in the nation. It was established in 1922 and as of September of 2019, it had grown to 53 employees and 15,176 members at 5 locations. Southern Mass Credit Union has an A+ health rating.

Field of Membership Restrictions

SouthernMass Credit Union is open to those who live, work, or attend school in Barksdale, Bristol, Dukes, Nantucket or Plymouth Counties in Massachusetts; Bristol or Newport Counties in Rhode Island; Providence County (RI) cities of Central Falls, Cumberland, Cranston, East Providence, Johnston, Lincoln, North Smithfield, North Providence, Pawtucket, Providence, or Woonsocket. All family members of existing members qualify for membership.
See current membership details


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Health Grade Components

NCUA #67481
Year Chartered1922
Primary Regulator
Profit Margin
Return on Assets - YTD-0.29%
Return on Equity - YTD-2.73%
Annual Interest Income$6.1MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$237.6MM$216.0MM
LoansQ3 2019vs Q3 2018$186.2MM$161.3MM
DepositsQ3 2019vs Q3 2018$202.5MM$185.3MM
Equity CapitalQ3 2019vs Q3 2018$24.6MM$25.0MM
Loan Loss AllowanceQ3 2019vs Q3 2018$428.00K$573.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$407.00K$836.00K
Real Estate OwnedQ3 2019vs Q3 2018$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

0.40%*$75k*-Savings Supreme
OTHER TIERS: 0.20% $5k - $25k | 0.25% $25k - $50k | 0.35% $50k - $75k
0.10%$5-Regular Share
0.10%$5-Fat Cat Account
0.10%$5-Cool Cat Account
0.10%$25-Vacation Club
0.10%$25-IRA Savings Account
0.10%$25-Christmas Club

Southern Mass Credit Union Money Market Rates

0.35%*$75k*-Money Market
OTHER TIERS: 0.05% $25 - $1k | 0.10% $1k - $5k | 0.15% $5k - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k | 0.30% $50k - $75k

Southern Mass Credit Union Checking Account Rates

0.85%*$10k*-Platinum Checking
OTHER TIERS: 0.60% $5k - $10k

Southern Mass Credit Union CD Rates

2.10%$500-21 Month CD w/Relationship
2.05%$500-15 Month CD w/Relationship
1.95%$500-9 Month CD w/Relationship
1.75%$1k-60 Month CD
1.35%$1k-48 Month CD
1.15%$1k-36 Month CD
1.00%$1k-24 Month CD
0.80%$1k-18 Month CD
0.70%$1k-12 Month CD
0.70%$500-12 Month College Savings CD
0.30%$1k-6 Month CD

Southern Mass Credit Union IRA Rates

2.20%$500-24 Month Bump Up Plus IRA
2.10%$500-21 Month IRA w/Relationship
2.05%$500-15 Month IRA w/Relationship
1.95%$500-9 Month IRA w/Relationship
1.75%$500-60 Month IRA
1.35%$500-48 Month IRA
1.15%$500-36 Month IRA
1.00%$500-24 Month IRA
0.80%$500-18 Month IRA
0.70%$500-12 Month IRA
0.30%$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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