Wellesley Municipal Employees Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
1.50%1-year CD
0.10%Savings
2.50%3-year CD
View all Wellesley Municipal Employees Federal Credit Union rates »

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 84th largest credit union in the state of Massachusetts. It is also the 2,922nd largest credit union in the nation. It was established in 1955 and as of December of 2018, it had grown to 4 employees and 1,868 members at 1 location. Wellesley Municipal Employees Federal Credit Union's CD rates are 67% higher than the national average, and it 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.
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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. 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 - YTD0.22%
Return on Equity - YTD2.55%
Annual Interest Income$740.00K
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$28.7MM$29.7MM
LoansQ4 2018vs Q4 2017$11.0MM$11.3MM
DepositsQ4 2018vs Q4 2017$26.0MM$27.0MM
Equity CapitalQ4 2018vs Q4 2017$2.5MM$2.5MM
Loan Loss AllowanceQ4 2018vs Q4 2017$28.00K$25.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$26.00K$8.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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Wellesley Municipal Employees Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$15-IRA 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
0.50%$2.5k-Money Market Account

Wellesley Municipal Employees Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$500-36 Month CD
1.75%$500-24 Month CD
1.50%$500-12 Month CD
0.50%$2.5k-6 Month CD
Locations


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

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