2024 Overview
General Credit Union Information
Metro is an NCUA insured institution located in Chelsea, MA. It was founded in 1926 and has approximately $3465.79 millions in assets.
Who can join?
Membership in Metro Credit Union is open to anyone who lives, works or has a place of business in Essex, Middlesex, Suffolk, Norfolk, Plymouth, Barnstable or Worcester counties.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 66364 |
| Date Established | 1926 |
| Assets | $3,465.79 million |
| Loans | $2,971.21 million |
| Deposits | $2,747.85 million |
| Capital | $283.52 million |
Field of Membership Restrictions
Membership in Metro Credit Union is open to those who live, work, or own a business in Bristol, Essex, Middlesex, Barnstable, Norfolk, Plymouth, Suffolk, or Worcester Counties in Massachusetts.
Deposit Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
|
Money Market
|
0.50% | $0 | $1,999 |
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|
|
Money Market
|
1.00% | $2,000 | $9,999 |
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|
|
Money Market
|
4.35% | $10,000 | - |
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|
Loan Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year | 4.69% | 4.69% | $468.24 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.59% | 6.50% | $2,787.54 | |
| 30 Year Fixed Conforming See Amortization Table |
6.92% | 6.88% | $2,102.17 | |
| 40 Year Fixed Conforming See Amortization Table |
6.30% | 6.25% | $1,816.77 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.59% | 6.50% | $2,787.54 | |
| 30 Year Fixed Conforming See Amortization Table |
6.92% | 6.88% | $2,102.17 | |
Compare with 6.380% APR and 6.250% 30-Year Fixed RATE from District Lending
See All Mortgage Rates |
||||
| 40 Year Fixed Conforming See Amortization Table |
6.30% | 6.25% | $1,816.77 | |
Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
Below are Metro 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
Metro Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 633.40 | A | View Lobby Hours | |
| 649.78 | B | View Lobby Hours | |
| 650.36 | C | View Lobby Hours | |
| 651.01 | D | View Lobby Hours | |
| 653.12 | E | View Lobby Hours | |
| 653.17 | F | View Lobby Hours | |
| 654.08 | G | View Lobby Hours | |
| 655.13 | H | View Lobby Hours | |
| 655.20 | I | View Lobby Hours | |
| 655.92 | J | View Lobby Hours | |
| 656.19 | K | View Lobby Hours | |
| 661.34 | L | View Lobby Hours | |
| 663.99 | M | View Lobby Hours | |
| 679.02 | N | View Lobby Hours | |
| 771.67 | O | View Lobby Hours |
Climate Policy and Initiatives
METRO 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
Metro Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Metro. 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
| Metro | U.S. Average |
|---|---|
| 2.73% | 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, Metro had $7,794,986 in non-current loans and $290,441 in owned assets. To cover these potential losses it had $283,516,398 in net worth and $12,426,800 in loans loss reserves. That gives it a Texas Ratio of 2.73%.
Net Worth
| Metro | U.S. Average |
|---|---|
| 8.18% | 13.93% |
Metro FCU has a net worth of 8.18% 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 Metro
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