Tremont Credit Union is headquartered in Milton and is the 38th largest credit union in the state of Massachusetts. It is also the 1,098th largest credit union in the nation. It was established in 1952 and as of September of 2024, it had grown to 35 employees and 13,662 members at 3 locations. Tremont Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Tremont Credit Union is open to those who live or work in Norfolk, Middlesex, or Suffolk Counties in Massachusetts. Membership is also open to those who worship in Suffolk Counties and to employees of more than 250 Select Employee Groups, including Boston Public Schools and Blue Cross Blue Shield of Massachusetts.
See current membership details
A Hidden Gem
The upper limit of $50K of their Kasasa Checking is great (even at 2% APY) for my purpose.
The application process is a bit more tedious and stringent than necessary, IMHO.
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68349 |
| Year Chartered | 1952 |
| Employees | 35 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.43% |
| Return on Equity - YTD | -5.1% |
| Annual Interest Income | $9.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $259MM$255.9MM |
| Loans | Q3 2024vs Q3 2023 | $183MM$188.1MM |
| Deposits | Q3 2024vs Q3 2023 | $209.8MM$209.6MM |
| Equity Capital | Q3 2024vs Q3 2023 | $21.9MM$21.6MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $3.4MM$2.3MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $3.2MM$1.9MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |