2. St. Michael’s Federal Credit Union

St. Michael’s Federal Credit Union


Overview / Commentary
www.stmichaelsfcu.com
508-674-3861
775 Davol St
Fall River, MA 02720

St. Michael’s Federal Credit Union is headquartered in Fall River and is the 63rd largest credit union in the state of Massachusetts. It is also the 1,960th largest credit union in the nation. It was established in 1953 and as of June of 2019, it had grown to 11 employees and 3,592 members at 3 locations. St. Michael’s Federal Credit Union's CD rates are 28% 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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Health
B+

Data as of Q2 2019

Learn why bank health matters
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

Overall
NCUA #8915
Year Chartered1953
Employees11
Primary Regulator
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD10.78%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$71.4MM$65.4MM
LoansQ2 2019vs Q2 2018$63.2MM$58.3MM
DepositsQ2 2019vs Q2 2018$63.3MM$54.8MM
Equity CapitalQ2 2019vs Q2 2018$6.1MM$5.6MM
Loan Loss AllowanceQ2 2019vs Q2 2018$163.00K$197.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$353.00K$418.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$300-Share Drafts Checking

St. Michael’s Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%$1k-5 Year Certificate
2.75%$1k-Business 5 Year Certificate
2.50%$1k-4 Year Certificate
2.50%$1k-Business 4 Year Certificate
2.00%$1k-3 Year Certificate
2.00%$1k-Business 3 Year Certificate
1.80%$1k-2 Year Certificate
1.80%$1k-Business 2 Year Certificate
1.50%$1k-18 Month Certificate
1.50%$1k-Business 18 Month Certificate
1.15%$1k-1 Year Certificate
1.15%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%$1k-5 Year IRA Certificate
2.50%$1k-4 Year IRA Certificate
2.00%$1k-3 Year IRA Certificate
1.80%$1k-2 Year IRA Certificate
1.50%$1k-18 Month IRA Certificate
1.15%$1k-1 Year IRA Certificate
0.50%$5k-6 Month IRA Certificate
Locations


St. Michael’s Federal Credit Union Locations
Branch Office891 County StSomerset, MA 02726-5065
Branch Office775 Davol StFall River, MA 02720-1005
Branch Office12 19th StreetFall River, MA 02721

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