Central One Federal Credit Union

Headquarters

714 Main St
Shrewsbury, MA 01545
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.80% 0.67% →
2-Year CD 0.95% 0.80% →
5-Year CD 1.05% 1.25% →
30-Year Mortgage 3.51% 2.72% →
15-Year Mortgage 3.02% 2.36% →
HELOC N.A. 2.79% →

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 $701.07 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 $701.07 million
Loans $522.08 million
Deposits $621.76 million
Capital $59.89 million
 

Field of Membership Restrictions

Membership in Central One Federal Credit Union is open to those who live, work, attend school or worship in 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 or Worcester, Massachusetts.

Deposit Rates - December 4, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.50% $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
0.55% $10,000 $14,999 Learn More
6 Mo CD
0.55% $100,000 $199,999 Learn More
12 Mo CD
0.80% $10,000 $14,999 Learn More
12 Mo CD
0.80% $100,000 $199,999 Learn More
18 Mo CD
0.95% $10,000 $14,999 Learn More
18 Mo CD
0.95% $100,000 $199,999 Learn More
24 Mo CD
0.95% $10,000 $14,999 Learn More
24 Mo CD
0.95% $100,000 $199,999 Learn More
30 Mo CD
0.95% $10,000 $14,999 Learn More
30 Mo CD
0.95% $100,000 $199,999 Learn More
36 Mo CD
0.95% $10,000 $14,999 Learn More
36 Mo CD
0.95% $100,000 $199,999 Learn More
60 Mo CD
1.05% $10,000 $14,999 Learn More
60 Mo CD
1.05% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
Regular Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - December 4, 2021

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
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
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 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:
Ashburn,Virginia


Central One Locations



Climate Initiatives

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

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
0.68% 3.79

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, 2021, Central One had $240,642 in non-current loans and $176,187 in owned assets. To cover these potential losses it had $59,891,711 in net worth and $1,457,450 in loans loss reserves. That gives it a Texas Ratio of 0.68%.

Net Worth
Central One U.S. Average
8.54% 12.22%

Central One FCU has a net worth of 8.54% versus the BestCashCow average of 12.22. 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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