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 36th largest credit union in the state of Massachusetts. It is also the 981st largest credit union in the nation. It was established in 1922 and as of June of 2019, it had grown to 46 employees and 15,147 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

Health Grade Components

Overall
NCUA #67481
Year Chartered1922
Employees46
Primary Regulator
Profit Margin
Return on Assets - YTD-0.3%
Return on Equity - YTD-2.81%
Annual Interest Income$4.0MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$231.7MM$211.0MM
LoansQ2 2019vs Q2 2018$173.3MM$148.9MM
DepositsQ2 2019vs Q2 2018$196.2MM$185.6MM
Equity CapitalQ2 2019vs Q2 2018$24.7MM$24.7MM
Loan Loss AllowanceQ2 2019vs Q2 2018$461.00K$547.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$574.00K$599.00K
Real Estate OwnedQ2 2019vs Q2 2018$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
0.40%*$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%*$10k*-Platinum Checking (New Money Only)
OTHER TIERS: 0.70% $5k - $10k

Southern Mass Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%$500-21 Month CD w/Relationship
2.15%$500-15 Month CD w/Relationship
2.05%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%$500-24 Month Bump Up Plus IRA
2.20%$500-21 Month IRA w/Relationship
2.15%$500-15 Month IRA w/Relationship
2.05%$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
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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