2021 Overview
General Credit Union Information
Central One is an NCUA insured institution located in Shrewsbury, MA. It was founded in 1952 and has approximately $652.2 millions in assets.
Who can join?
Field of Membership for the community based charter includes persons who live, work, worship, go to school or own a business in the following communities:
Auburn, Berlin, Bolton, Boylston, Clinton, Grafton, Harvard, Holden, Hopkinton, Lancaster, Leicester, Marlboro, Milford, Millbury, Northborough, Paxton, Princeton, Rutland, Shrewsbury, Southborough, Sterling, Upton, Westborough, W. Boylston, Worcester
Note: Family members or members from the same household of all existing members are eligible to join.
Family member is defined as a child, spouse, sibling, parent, grandparent or grandchild. This would include stepparents, stepchildren, siblings, and adoptive relationships.
Household is defined to include persons living in the same residence and who maintain a single economic unit. This includes any person who is a permanent member of, and helps maintain the household.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 8218 |
| Date Established | 1952 |
| Assets | $652.20 million |
| Loans | $526.40 million |
| Deposits | $573.06 million |
| Capital | $57.46 million |
Field of Membership Restrictions
Deposit Rates - April 10, 2021
Your Current Location: Connecticut, CT 06828
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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Money Market
|
0.20% | $2,500 | $2,999 |
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|
Money Market
|
0.50% | $10,000 | $14,999 |
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|
Money Market
|
0.50% | $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
|
0.95% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.05% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.05% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.10% | $1 | $499 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $1 | $99 | Learn More |
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Regular Checking | 0.00% | $0 | $0.00 | Learn More |
Loan Rates - April 10, 2021
Your Current Location: Connecticut, CT 06828
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
6.25% | 6.25% | Varies | |
Compare with 4 RATE Line of Credit from People's United Bank, N.A.
See All Home Equity Rates |
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| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 3 Year | 2.99% | 2.99% | $726.92 | |
| 4 Year | 3.12% | 3.12% | $554.63 | |
| 5 Year | 3.37% | 3.37% | $453.28 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 12 Year Fixed Conforming See Amortization Table |
3.03% | 3.00% | $2,069.47 | |
| 15 Year Fixed Conforming See Amortization Table |
3.02% | 3.00% | $1,726.45 | |
| 20 Year Fixed Conforming See Amortization Table |
3.52% | 3.50% | $1,449.90 | |
| 30 Year Fixed Conforming See Amortization Table |
3.51% | 3.50% | $1,122.61 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 12 Year Fixed Conforming See Amortization Table |
3.03% | 3.00% | $2,069.47 | |
| 15 Year Fixed Conforming See Amortization Table |
3.02% | 3.00% | $1,726.45 | |
| 20 Year Fixed Conforming See Amortization Table |
3.52% | 3.50% | $1,449.90 | |
| 30 Year Fixed Conforming See Amortization Table |
3.51% | 3.50% | $1,122.61 | |
Compare with 3.620% APR and 3.500% 30-Year Fixed RATE from Quicken Loans NMLS #3030
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 Central One 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:
Fairfield,Connecticut
Financial Details
Central One Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Central One. 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
| Central One | U.S. Average |
|---|---|
| 9.84% | 5.40 |
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, 2020, Central One had $5,631,333 in non-current loans and $176,187 in owned assets. To cover these potential losses it had $57,460,535 in net worth and $1,546,650 in loans loss reserves. That gives it a Texas Ratio of 9.84%.
Net Worth
| Central One | U.S. Average |
|---|---|
| 8.81% | 12.67% |
Central One FCU has a net worth of 8.81% versus the BestCashCow average of 12.67. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Frequently Asked Questions About Central One
Branches and Savings
What is Central One?
A federal credit union, registered with the NCUA under certificate #8218.
Learn more about credit unions here.
Is Central One FDIC insured?
No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Central One is insured by the NCUA.
Who can join Central One?
Please see Field of Membership information above for information on who is eligible to join.
How big is Central One?
Central One has total capital of $57.46 million. Full information on Central One's financial position is located above.
Who owns Central One?
Credit Unions are owned by their members.
Where are Central One branches located?
See branch locations nearby.
Are Central One ATMs Open 24/7?
Do Central One ATMs accept cash deposits?
Can Central One customers use other ATMs? What is the charge for withdrawing money from another ATM?
Does Central One have a mobile app?
Does Central One have mobile deposit?
Does Central One have quick pay?
How can Central One transfer money to other banks or credit unions?
Does Central One report to credit bureaus?
Does Central One use Chexsystems?
Does Central One use Equifax?
What is Central One's toll free phone number?
What is Central One's ACH Routing Number?
What is Central One's SWIFT code?
Where can I find Central One's wire transfer form?
What is the Central One address for deposits?
What Products Does Central One Offer
Does Central One offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
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