Featured Savings Rates
Featured Accounts

Wellesley Municipal Employees Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.60%1-year CD12 Month CD
0.10%SavingsRegular Savings Account
1.11%3-year CD36 Month CD

Overview / Commentary
781-235-0503
1 Hollis St Ste 105
Wellesley, MA 02482

Wellesley Municipal Employees Federal Credit Union is headquartered in WELLESLEY and is the 85th largest credit union in the state of Massachusetts. It is also the 2,917th largest credit union in the nation. It was established in 1955 and as of June of 2016, it had grown to 4 employees and 2,143 members at 1 location. Wellesley Municipal Employees Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of the Town of Wellesley, the Town of Needham, Center Automotive Inc., Corcoran & Havlin Insurance Co., Town of Natick, or Wellesley Chamber of Commerce.
See current membership details

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Health
B+
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. Wellesley Municipal Employees Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #10623
Year Chartered1955
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD0.02%
Return on Equity - YTD0.19%
Annual Interest Income$324.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$30.0MM$28.4MM
LoansQ2 2016vs Q2 2015$11.3MM$10.7MM
DepositsQ2 2016vs Q2 2015$26.8MM$25.2MM
Equity CapitalQ2 2016vs Q2 2015$3.2MM$3.2MM
Loan Loss AllowanceQ2 2016vs Q2 2015$18.00K$17.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$17.00K$35.00K
Real Estate OwnedQ2 2016vs Q2 2015$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.

Wellesley Municipal Employees Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$15-Traditional IRA
1.00%$15-Roth IRA
1.00%$15-Coverdell Education Savings Account
0.25%$15-Club Accounts
0.10%$15-Regular Savings Account

Wellesley Municipal Employees Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$2,500-Money Market Account

Wellesley Municipal Employees Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.11%--36 Month CD
0.75%--24 Month CD
0.60%--12 Month CD
0.30%--6 Month CD
Locations


Wellesley Municipal Employees Federal Credit Union Locations
Branch Office1 HOLLIS ST Ste 105WELLESLEY, MA 02482-4686