Boston Firefighters Credit Union

Headquarters

60 Hallet St
Dorchester, MA 02124
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.02% →
1-Year CD 0.85% 2.26% →
2-Year CD 1.10% 2.86% →
5-Year CD 1.61% 3.21% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Boston Firefighters is an NCUA insured institution located in Dorchester, MA. It was founded in 1947 and has approximately $398.02 millions in assets.

Who can join?

You are eligible to take advantage of this union’s offerings if you belong to any of the following:

(a) the employees and retirees of the Boston Fire Department;

(b) employees of the Boston Firefighters Credit Union;

(c) employees of Local 718, a Massachusetts labor union comprised primarily of Boston Firefghters and any successor organization;

(d) employees of Florian Associates, a subsidiary of Local 718 which manages and operates the function facility located at 55 Hallet St, Dorchester, MA 02124;

(e) employees and retirees of the fire departments whose members comprise the Professional Firefighters Of Massachusetts (PFFM), a labor organization affiliated with the International Association of Firefighters (IAFF) and

(f) the family members of those persons listed above.

For the purposes of this section, the term ‘family member’ shall be defined to include spouses, domestic partners, sharing a principal residence in the same household as the member, and children as well as parents, grandparents, grandchildren, siblings, nieces and nephews whether related by blood or marriage.

NCUA Insured Yes / State-Chartered
Charter Number # # 67837
Date Established 1947
Assets $398.02 million
Loans $296.06 million
Deposits $349.94 million
Capital $41.76 million
 

Field of Membership Restrictions

Boston Firefighters CU is open to you and your family members if you are a current or retired employee of the Boston FD, Boston Firefighters CU, employee under Local 718 or its subsidiaries, employee/retiree of the Professional Firefighters of Massachusetts, BPD, Massachusetts State Police, and the Suffolk County Sheriff's Department.

Deposit Rates - May 25, 2022

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.25% $2,500 $2,999 Learn More
Money Market
0.40% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.65% $10,000 $14,999 Learn More
12 Mo CD
0.85% $10,000 $14,999 Learn More
24 Mo CD
1.10% $10,000 $14,999 Learn More
36 Mo CD
1.36% $10,000 $14,999 Learn More
48 Mo CD
1.51% $10,000 $14,999 Learn More
60 Mo CD
1.61% $1,000 $14,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.15% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1 $99 Learn MoreShow Less
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - May 25, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BOSTON FIREFIGHTERS

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



Featured - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
4.684% 4.625% 0.75 $1,720 $1,286 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
3.490 %
After Intro: 4.500 %
Intro Period: 12 months
$25,000 Learn More
More Info

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


 

Branches

Below are Boston Firefighters 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:
Ashburn,Virginia


Boston Firefighters Locations



Climate Initiatives

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

Financial Details

Boston Firefighters Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Boston Firefighters. 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
Boston Firefighters U.S. Average
1.65% 4.85

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, 2021, Boston Firefighters had $697,695 in non-current loans and $0 in owned assets. To cover these potential losses it had $41,759,323 in net worth and $600,723 in loans loss reserves. That gives it a Texas Ratio of 1.65%.

Net Worth
Boston Firefighters U.S. Average
10.49% 12.36%

Boston Firefighters FCU has a net worth of 10.49% versus the BestCashCow average of 12.36. 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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