St. Michael’s Federal Credit Union

Overview / Commentary
775 Davol St
Fall River, MA 02720

St. Michael’s Federal Credit Union is headquartered in Fall River and is the 62nd largest credit union in the state of Massachusetts. It is also the 1,955th largest credit union in the nation. It was established in 1953 and as of March of 2020, it had grown to 11 employees and 3,493 members at 3 locations. St. Michael’s Federal Credit Union's CD rates are 11% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

St. Michaels Federal Credit Union offers membership to individuals who live, work, worship, or attend school in the Massachusetts communities of Assonet, Berkley, Dighton, Fall River, Freetown, Lakeville, Somerset, or Swansea.
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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. St. Michael’s Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #8915
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD1.29%
Return on Equity - YTD14.35%
Annual Interest Income$918.00K
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$74.2MM$70.6MM
LoansQ1 2020vs Q1 2019$65.8MM$61.2MM
DepositsQ1 2020vs Q1 2019$67.5MM$62.6MM
Equity CapitalQ1 2020vs Q1 2019$6.6MM$5.9MM
Loan Loss AllowanceQ1 2020vs Q1 2019$173.00K$163.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$354.00K$253.00K
Real Estate OwnedQ1 2020vs Q1 2019$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

St. Michael’s Federal Credit Union Savings Account Rates

0.10%$1$20Christmas Club
0.05%$5-Regular (Shares) Savings
0.05%$5-IRA Regular Savings

St. Michael’s Federal Credit Union Money Market Rates

0.25%*$2.5k*-Money Market Share Account
OTHER TIERS: 0.05% Up to $2.5k

St. Michael’s Federal Credit Union Checking Account Rates

0.05%$300-Share Drafts Checking

St. Michael’s Federal Credit Union CD Rates

1.75%$1k-4 Year Certificate
1.75%$1k-5 Year Certificate
1.75%$1k-Business 4 Year Certificate
1.75%$1k-Business 5 Year Certificate
1.50%$1k-3 Year Certificate
1.50%$1k-Business 3 Year Certificate
1.35%$1k-2 Year Certificate
1.35%$1k-Business 2 Year Certificate
1.25%$1k-18 Month Certificate
1.25%$1k-Business 18 Month Certificate
1.00%$1k-1 Year Certificate
1.00%$1k-Business 1 Year Certificate
0.50%$5k-6 Month Certificate
0.50%$5k-Business 6 Month Certificate

St. Michael’s Federal Credit Union IRA Rates

1.75%$1k-4 Year IRA Certificate
1.75%$1k-5 Year IRA Certificate
1.50%$1k-3 Year IRA Certificate
1.35%$1k-2 Year IRA Certificate
1.25%$1k-18 Month IRA Certificate
1.00%$1k-1 Year IRA Certificate
0.50%$5k-6 Month IRA Certificate

St. Michael’s Federal Credit Union Locations
Branch Office891 County StSomerset, MA 02726-5065
Branch Office775 Davol StFall River, MA 02720-1028
Branch Office12 19th StreetFall River, MA 02721

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