West Springfield Federal Credit Union
LOCATIONS
1
View locations
HEALTH RATING
B
View health report
CURRENT TOP RATE
1.00% APY
24 Months Share Certificate
View all rates
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.75% | 1-year CD | 12 Months Share Certificate |
| 0.10% | Savings | Share Account |
| 1.00% | 2-year CD | 24 Months Share Certificate 2.25% - Synchrony Bank 24 Month CD |
Overview / Commentary
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 2,949th largest credit union in the nation. It was established in 1960 and as of December of 2017, it had grown to 5 employees and 2,891 members at 1 location. West Springfield Federal Credit Union 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.
See current membership details
Health
B
Data as of Q4 2017
Learn why bank health mattersAdditional 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 Chartered | 1960 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.2% |
| Return on Equity - YTD | -2.6% |
| Annual Interest Income | $696.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $28.9MM$28.3MM |
| Loans | Q4 2017vs Q4 2016 | $10.3MM$9.0MM |
| Deposits | Q4 2017vs Q4 2016 | $26.6MM$25.9MM |
| Equity Capital | Q4 2017vs Q4 2016 | $2.3MM$2.3MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $91.00K$60.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $135.00K$130.00K |
| Real Estate Owned | Q4 2017vs Q4 2016 | $0$0 |
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West Springfield Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $25 | - | Share Account |
West Springfield Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $1k | - | 24 Months Share Certificate | |
| 0.75% | $1k | - | 12 Months Share Certificate | |
| 0.50% | $1k | - | 18 Months Share Certificate | |
| 0.40% | $1k | - | 6 Months Share Certificate |
West Springfield Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $1k | - | 24 Months IRA | |
| 0.75% | $1k | - | 12 Months IRA | |
| 0.50% | $1k | - | 18 Months IRA | |
| 0.40% | $1k | - | 6 Months IRA |
Locations
| West Springfield Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 58 Union St | West Springfield, MA 01089-3317 |