Southern Mass Credit Union


Overview / Commentary
508-994-9971
123 Alden Rd
Fairhaven, MA 02719

Southern Mass Credit Union is headquartered in Fairhaven and is the 35th largest credit union in the state of Massachusetts. It is also the 935th largest credit union in the nation. It was established in 1922 and as of March of 2020, it had grown to 51 employees and 14,913 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

Health Grade Components

Overall
NCUA #67481
Year Chartered1922
Employees51
Primary Regulator
Profit Margin
Return on Assets - YTD0.15%
Return on Equity - YTD1.5%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$259.5MM$227.8MM
LoansQ1 2020vs Q1 2019$206.0MM$169.3MM
DepositsQ1 2020vs Q1 2019$219.2MM$192.1MM
Equity CapitalQ1 2020vs Q1 2019$24.8MM$25.0MM
Loan Loss AllowanceQ1 2020vs Q1 2019$374.00K$538.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$1.2MM$529.00K
Real Estate OwnedQ1 2020vs Q1 2019$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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

Southern Mass Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-60 Month CD
0.70%$500-48 Month CD
0.60%$500-36 Month CD
0.40%$500-24 Month CD
0.30%$500-12 Month CD
0.30%$500-18 Month CD
0.30%$500-12 Month College Savings CD
0.25%$500-6 Month CD

Southern Mass Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-60 Month IRA
0.70%$500-48 Month IRA
0.60%$500-36 Month IRA
0.40%$500-24 Month IRA
0.30%$500-12 Month IRA
0.30%$500-18 Month IRA
0.25%$500-6 Month IRA
Locations


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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