CENTRAL ONE

714 Main St
Shrewsbury, MA 01545

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 8218
Date Established 1952
Assets $515.77 million
Loans $451.89 million
Deposits $430.32 million
Capital $50.70 million

Central One is an NCUA insured institution located in Shrewsbury, MA. It was founded in 1952 and has approximately $515.77 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.

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 - August 17, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.25% $1 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
2.00% $1,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
1.60% $1,000 - Learn MoreShow Less
12 Mo CD
2.00% $1,000 - Learn MoreShow Less
18 Mo CD
2.25% $1,000 - Learn MoreShow Less
24 Mo CD
2.35% $1,000 - Learn MoreShow Less
30 Mo CD
2.45% $1,000 - Learn MoreShow Less
36 Mo CD
2.50% $1,000 - Learn MoreShow Less
60 Mo CD
2.65% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less
Checking Rates APY MIN FEE
Share Draft Checking 0.00% $0 $0.00 Learn MoreShow Less

Loan Rates - August 17, 2019

Your Current Location: Virginia, VA 20146

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


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
15.23% 6.77

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 March 31, 2019, Central One had $7,653,511 in non-current loans and $245,000 in owned assets. To cover these potential losses it had $50,698,832 in net worth and $1,157,566 in loans loss reserves. That gives it a Texas Ratio of 15.23%.

Net Worth
Central One U.S. Average
9.82% 13.47%

Central One FCU has a net worth of 9.82% versus the BestCashCow average of 13.47. 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. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Central One?

Please see Field of Membership information above for information on who is eligible to join.

What are Central One's share account and share certificate rates?

Central One's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Central One?

Central One has total capital of $50.70 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 mortgages?

Compare mortgage rates here.

Does Central One offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Central One offer auto and RV loans?

Compare auto loan rates here.

Does Central One offer student loans or personal loans?

Compare personal loan rates here.

Customer Reviews for Central One

There are currently no comments for Central One. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →