Metro Credit Union

Headquarters

200 Revere Beach Pkwy
Chelsea, MA 02150
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage 6.92% 4.91% →
15-Year Mortgage 6.59% 4.39% →
HELOC N.A. 0.99% →

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 21, 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 Learn More
Money Market
1.00% $2,000 $9,999 Learn More
Money Market
4.35% $10,000 - Learn More

Loan Rates - November 21, 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
Purchase Mortgage Rates APR Rate Monthly Payment

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



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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