Stoneham Municipal Employees Federal Credit Union


Overview / Commentary
781-438-3959
40 Pine St
Stoneham, MA 02180

Stoneham Municipal Employees Federal Credit Union is headquartered in Stoneham and is the 70th largest credit union in the state of Massachusetts. It is also the 2,325th largest credit union in the nation. It was established in 1963 and as of September of 2021, it had grown to 6 employees and 3,897 members at 3 locations. Stoneham Municipal Employees Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership is open to anyone through becoming a member of the "Friends of the Stoneham Public Library". Membership is also open to those living in Stoneham, North Reading, Wilmington, or Middleton, and to students of the Stoneham Public School System and employees of select area businesses.
See current membership details

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Health
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. Stoneham Municipal Employees Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #15393
Year Chartered1963
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD0.2%
Return on Equity - YTD1.72%
Annual Interest Income$908.00K
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$60.1MM$56.5MM
LoansQ3 2021vs Q3 2020$19.9MM$21.7MM
DepositsQ3 2021vs Q3 2020$52.9MM$49.4MM
Equity CapitalQ3 2021vs Q3 2020$7.1MM$6.9MM
Loan Loss AllowanceQ3 2021vs Q3 2020$90.00K$83.00K
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$5.00K$12.00K
Real Estate OwnedQ3 2021vs Q3 2020$0$0
Rates
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Stoneham Municipal Employees Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Traditional IRA Shares
0.05%$100-Regular Shares
0.05%$100-Organizational Shares
0.05%$100-All Purpose Shares

Stoneham Municipal Employees Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Share Drafts

Stoneham Municipal Employees Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$1k-24 Month CD
0.25%$1k-36 Month CD
0.25%$250-24 Month Youth CD
0.25%$250-36 Month Youth CD
0.15%$1k-6 Month CD
0.15%$1k-12 Month CD
0.15%$250-6 Month Youth CD
0.15%$250-12 Month Youth CD
0.15%$250-18 Month Youth CD
0.15%$2.5k-18 Month CD

Stoneham Municipal Employees Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$10k-60 Month IRA
0.35%$10k-36 Month IRA
Locations


Stoneham Municipal Employees Federal Credit Union Locations
Branch Office40 Pine StStoneham, MA 02180-2048
Branch Office200 Jefferson RDWilmington, MA 01887-1963
Branch Office616 Main StMelrose, MA 02176-3116

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