Rockland Federal Credit Union
Headquarters
241 Union St
Rockland, MA 02370
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2024 Overview
General Credit Union Information
Rockland is an NCUA insured institution located in Rockland, MA. It was founded in 1985 and has approximately $3032.38 millions in assets.
Who can join?
You may qualify and become a member of Rockland Federal Credit Union if you:
Live or work in Barnstable, Bristol, Middlesex, Norfolk, Plymouth or Suffolk Counties in Massachusetts.
Are an immediate family* member of an eligible or current member
*Immediate family includes: spouse, parent, child, sibling, grandparent or grandchild. The immediate family member need only live or work in one of the eligible counties in order for the person to join the Credit Union. It is not necessary for the eligible family member to join the Credit Union.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 24224 |
| Date Established | 1985 |
| Assets | $3,032.38 million |
| Loans | $2,783.16 million |
| Deposits | $2,616.25 million |
| Capital | $337.10 million |
Field of Membership Restrictions
Membership in Rockland Federal Credit Union is open to those who live or work in Barnstable, Bristol, Middlesex, Norfolk, Plymouth, or Suffolk Counties in Massachusetts, or immediate family member of those eligible.
Deposit Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.20% | $2,500 | $4,999 |
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|
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Money Market
|
0.25% | $2,500 | $2,999 |
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|
|
Money Market
|
0.40% | $10,000 | $14,999 |
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|
|
Money Market
|
0.40% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.25% | $2,500 | $3,499 | Learn More |
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Free Checking | 0.00% | $0 | $0.00 | Learn More |
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
7.00% | 7.00% | Varies | |
Compare with 7.49 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
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| 5 Year Loan
See Table |
7.00% | 6.00% | $1,933.28 | |
| 10 Year Loan
See Table |
7.25% | 6.00% | $1,110.21 | |
| 15 Year Loan
See Table |
7.25% | 6.25% | $857.42 | |
| 20 Year Loan
See Table |
7.50% | 6.50% | $745.57 | |
| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 3 Year | 6.74% | 6.74% | $768.96 | |
| 4 Year | 6.74% | 6.74% | $595.65 | |
| 5 Year | 6.74% | 6.74% | $491.97 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year Adjustable Conforming See Amortization Table |
6.96% | 6.84% | $2,094.91 | |
| 10 Year Fixed Conforming See Amortization Table |
6.11% | 5.78% | $3,516.61 | |
| 15 Year Fixed Conforming See Amortization Table |
6.71% | 5.73% | $2,654.06 | |
| 20 Year Fixed Conforming See Amortization Table |
6.44% | 6.34% | $2,355.04 | |
| 30 Year Fixed Conforming See Amortization Table |
6.32% | 6.44% | $2,010.22 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 5 Year Adjustable Conforming See Amortization Table |
6.96% | 6.84% | $2,094.91 | |
| 10 Year Fixed Conforming See Amortization Table |
6.11% | 5.78% | $3,516.61 | |
| 15 Year Fixed Conforming See Amortization Table |
6.71% | 5.73% | $2,654.06 | |
| 20 Year Fixed Conforming See Amortization Table |
6.44% | 6.34% | $2,355.04 | |
| 30 Year Fixed Conforming See Amortization Table |
6.32% | 6.44% | $2,010.22 | |
Compare with 6.734% APR and 6.625% 30-Year Fixed RATE from District Lending
See All Mortgage Rates |
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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 Rockland 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
ROCKLAND 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
Rockland Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Rockland. 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
| Rockland | U.S. Average |
|---|---|
| 5.56% | 6.97 |
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 December 31, 2023, Rockland had $19,219,018 in non-current loans and $600,000 in owned assets. To cover these potential losses it had $337,099,592 in net worth and $19,101,375 in loans loss reserves. That gives it a Texas Ratio of 5.56%.
Net Worth
| Rockland | U.S. Average |
|---|---|
| 11.09% | 13.62% |
Rockland FCU has a net worth of 11.09% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
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