Mass Bay Credit Union

Headquarters

147 W 4th St
South Boston, MA 02127
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 5.50% →
1-Year CD 4.75% 4.80% →
2-Year CD 3.00% 4.25% →
5-Year CD 3.35% 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Mass Bay is an NCUA insured institution located in South Boston, MA. It was founded in 1936 and has approximately $355.69 millions in assets.

Who can join?

Membership at Mass Bay Credit Union is open to
• Anyone who lives or works within Norfolk County, Suffolk County, Abington, Everett, Hanover, Hingham, Lynn, Malden, Marshfield, Medford, Melrose, Norwell, Peabody, Rockland, Saugus, Scituate, Somerville, Stoneham and Whitman.
• Employees of entities affiliated with MassDOT
• Employees of entities affiliated with the MBTA
• Employees of entities who are members of labor unions affiliated with MassDOT and/or the MBTA

Your immediate family becomes eligible for membership, too.

NCUA Insured Yes / State-Chartered
Charter Number # # 68137
Date Established 1936
Assets $355.69 million
Loans $295.10 million
Deposits $249.63 million
Capital $37.86 million
 

Field of Membership Restrictions

Membership is open to those who live or work in Norfolk or Suffolk Counties, Everett, Hanover, Hingham, Lynn, Malden, Marshfield, Medford, Melrose, Norwell, Peabody, Rockland, Saugus, Scituate, Somerville, Stoneham and Whitman; employees of Massachusetts Department of Transportation.

Deposit Rates - November 23, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
SAV
0.03% $5 $499 Learn More
Main Share
0.05% $500 $9,999 Learn More
Main Share
0.10% $10,000 - Learn More
Money Market
0.15% $2,500 $9,999 Learn More
Money Market
0.35% $10,000 $19,999 Learn More
Money Market
0.50% $20,000 $49,999 Learn More
Money Market
0.60% $50,000 $99,999 Learn More
Money Market
0.80% $100,000 $249,999 Learn More
Money Market
0.80% $250,000 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
5.00% $500 - Learn More
12 Mo CD
4.75% $500 - Learn More
18 Mo CD
3.00% $500 - Learn More
24 Mo CD
3.00% $500 - Learn More
36 Mo CD
2.65% $500 - Learn More
48 Mo CD
2.65% $500 - Learn More
60 Mo CD
3.35% $500 - Learn More
Variable IRA Rates APY MIN MAX
VIRA
0.03% $0 $499 Learn MoreShow Less
Share
0.05% $500 $9,999 Learn MoreShow Less
Share
0.10% $10,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
INTCK
0.03% $5 - Learn MoreShow Less

Loan Rates - November 23, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Mass Bay

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
District Lending
NMLS ID: 1835285
6.391% 6.250% 1.00 $4,800 $1,971 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.956% 6.875% 0.63 $2,642 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.225% 7.125% 1.00 $3,200 $2,156 Learn More
Neighbors Bank
NMLS ID: 491986
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.240 %
After Intro: 7.240 %
$0 Learn More
More Info

Note to Mass Bay
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Mass Bay branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


Mass Bay Locations around zip code 43085


BranchDistance Map View Lobby Hours

South Boston

653.98 A View Lobby Hours

Everett

654.84 B View Lobby Hours

Quincy Center

655.17 C View Lobby Hours


Climate Policy and Initiatives

MASS BAY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Mass Bay Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mass Bay. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Mass Bay U.S. Average
4.48% 5.83

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2024, Mass Bay had $1,595,032 in non-current loans and $116,650 in owned assets. To cover these potential losses it had $37,863,364 in net worth and $345,256 in loans loss reserves. That gives it a Texas Ratio of 4.48%.

Net Worth
Mass Bay U.S. Average
10.64% 13.93%

Mass Bay FCU has a net worth of 10.64% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Mass Bay


  • September 15, 2021 |

    CDs 12 Month Rates

    The rates posted here is not the same. Check the credit union's web site for actual rates


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