Overview / Commentary
413-733-6108
58 Union Street
West Springfield, MA 01089

West Springfield Federal Credit Union is headquartered in West Springfield and is the 86th largest credit union in the state of Massachusetts. It is also the 2,938th largest credit union in the nation. It was established in 1960 and as of June of 2018, it had grown to 5 employees and 2,861 members at 1 location. West Springfield Federal Credit Union's CD rates are 11% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to those who live, worship, attend school or work in, and businesses located in West Springfield.
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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. West Springfield Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #13781
Year Chartered1960
Employees5
Primary Regulator
Profit Margin
Return on Assets - YTD-0.06%
Return on Equity - YTD-0.8%
Annual Interest Income$372.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$29.4MM$29.6MM
LoansQ2 2018vs Q2 2017$10.4MM$9.6MM
DepositsQ2 2018vs Q2 2017$27.1MM$27.3MM
Equity CapitalQ2 2018vs Q2 2017$2.3MM$2.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$95.00K$69.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$131.00K$149.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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West Springfield Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$25-Share Account

West Springfield Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$1k-24 Months Share Certificate
1.25%$1k-18 Months Share Certificate
1.00%$1k-12 Months Share Certificate
0.40%$1k-6 Months Share Certificate

West Springfield Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$500-24 Months IRA
1.25%$500-18 Months IRA
1.00%$500-12 Months IRA
0.40%$500-6 Months IRA
Locations


West Springfield Federal Credit Union Locations
Branch Office58 Union StWest Springfield, MA 01089-3317

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