Wellesley Municipal Employees Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.01%1-year CD12 Month CD
0.10%SavingsRegular Savings Account
1.26%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 2,919th largest credit union in the nation. It was established in 1955 and as of June of 2018, it had grown to 4 employees and 1,905 members at 1 location. Wellesley Municipal Employees Federal Credit Union's CD rates are 12% 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.
See current membership details

Reviews

No reviews have been left for this bank yet. Be the first to review.



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 - YTD0.13%
Return on Equity - YTD1.6%
Annual Interest Income$344.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$30.0MM$29.2MM
LoansQ2 2018vs Q2 2017$11.1MM$11.8MM
DepositsQ2 2018vs Q2 2017$27.3MM$26.6MM
Equity CapitalQ2 2018vs Q2 2017$2.5MM$2.5MM
Loan Loss AllowanceQ2 2018vs Q2 2017$26.00K$16.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$4.00K$6.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Wellesley Municipal Employees Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

Wellesley Municipal Employees Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$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
0.40%$2.5k-Money Market Account

Wellesley Municipal Employees Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$500-18 Month CD Special
1.26%$500-36 Month CD
1.11%$500-24 Month CD
1.01%$500-12 Month CD
0.30%$2.5k-6 Month CD
Locations


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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.