Massmutual Federal Credit Union
Headquarters
1295 State St
Springfield, MA 01111
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2024 Overview
General Credit Union Information
Massmutual is an NCUA insured institution located in Springfield, MA. It was founded in 1962 and has approximately $322.4 millions in assets.
Who can join?
Membership is open to all current employees of the MassMutual Financial Group, along with their family members and the retirees of the MassMutual Financial Group.
When you become a member of MMFCU, your immediate family members - spouse, children, mother, father, brother(s), sister(s), and grandparents - are eligible to join. And once you're a member, you're always a member, regardless of your career, location, or if you retire.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 24566 |
| Date Established | 1962 |
| Assets | $322.40 million |
| Loans | $198.01 million |
| Deposits | $281.85 million |
| Capital | $38.36 million |
Field of Membership Restrictions
Membership is open to all current employees of the MassMutual Financial Group and their family.
Deposit Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Massmutual
We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.
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Note to Massmutual
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Loan Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Massmutual
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 |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.868% | 6.750% | 1.00 | $3,884 | $2,076 | Learn More |
NMLS ID: 1907 |
7.181% | 7.125% | 0.63 | $1,802 | $2,156 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Massmutual
To upload and update your bank's rates please register.
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Branches
Below are Massmutual 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
Massmutual Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 569.91 | A | View Lobby Hours | |
| 573.60 | B | View Lobby Hours |
Climate Policy and Initiatives
MASSMUTUAL 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
Massmutual Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Massmutual. 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
| Massmutual | U.S. Average |
|---|---|
| 2.28% | 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, Massmutual had $878,391 in non-current loans and $0 in owned assets. To cover these potential losses it had $38,355,478 in net worth and $253,471 in loans loss reserves. That gives it a Texas Ratio of 2.28%.
Net Worth
| Massmutual | U.S. Average |
|---|---|
| 11.9% | 13.93% |
Massmutual FCU has a net worth of 11.9% 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 Massmutual
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