CITY OF BOSTON

1 UNION ST
Boston, MA 02108

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 67841
Date Established 1915
Assets $420.76 million
Loans $314.03 million
Deposits $328.02 million
Capital $49.85 million

City Of Boston is an NCUA insured institution located in Boston, MA. It was founded in 1915 and has approximately $420.76 millions in assets.

Who can join?

Membership in the City of Boston Credit Union is open to anyone who qualifies in any one of the following ways:
1. Persons who live or work in Norfolk or Suffolk Counties, Massachusetts.
The following are cities and towns of Norfolk County: Avon, Bellingham, Braintree, Brookline, Canton, Cohasset, Dedham, Dover, Foxborough, Franklin, Holbrook, Medfield, Medway, Millis, Milton, Needham, Norfolk, Norwood, Plainville, Quincy, Randolph, Sharon, Stoughton, Walpole, Wellesley, Westwood, Weymouth and Wrentham.
The following are cities and towns of Suffolk County: Boston, Chelsea, Revere, Winthrop
2. Organization Members located in Norfolk or Suffolk Counties, Massachusetts. For the purpose of this by-law, the term Organization Member shall mean an Organization Member, as defined in section 1 of chapter 171 of the Massachusetts General Laws or any regulation promulgated by the Division of Banks.
3. Persons whose salaries, wages, compensation, pensions or annuities which are available for payroll deduction or transfer of funds are paid in whole or part by the City of Boston, Commonwealth of Massachusetts, or any department, commission or authority, within the Commonwealth of Massachusetts.
4. Employees of the City of Boston Credit Union.
5. Family members of persons described in 1, 3 or 4 may become members. A family member is defined as mother, father, sister, brother, wife, husband, daughter, son, grandmother, grandfather, or grandchild.

Field of Membership Restrictions

Membership in City Of Boston Credit Union is open to those who live or work in Suffolk or Norfolk Counties in Massachusetts and to employees of the City of Boston or of the Commonwealth of Massachusetts.

Deposit Rates - September 18, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.20% $1,000 $19,999 Learn MoreShow Less
Money Market
0.60% $20,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
1.40% $500 $49,999 Learn MoreShow Less
Special: 13 Mo FIRA
2.10% $500 $250,000 Learn MoreShow Less
Special: 23 Mo FIRA
2.75% $500 $250,000 Learn MoreShow Less
Special: 34 Mo FIRA
2.00% $500 - Learn MoreShow Less
Special: 46 Mo FIRA
2.25% $500 - Learn MoreShow Less
Special: 58 Mo FIRA
2.60% $500 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
0.50% $500 $49,999 Learn MoreShow Less
0.70% $500 $49,999 Learn MoreShow Less
1.40% $500 $49,999 Learn MoreShow Less
Special: 13 Mo CD
2.10% $500 $250,000 Learn MoreShow Less
1.50% $500 $49,999 Learn MoreShow Less
Special: 23 Mo CD
2.75% $500 $250,000 Learn MoreShow Less
1.70% $500 $49,999 Learn MoreShow Less
1.80% $500 $49,999 Learn MoreShow Less
Special: 34 Mo CD
2.00% $500 - Learn MoreShow Less
2.10% $500 $49,999 Learn MoreShow Less
Special: 46 Mo CD
2.25% $500 - Learn MoreShow Less
2.35% $500 $49,999 Learn MoreShow Less
Special: 58 Mo CD
2.60% $500 - Learn MoreShow Less
2.70% $500 $49,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.50% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $25 - Learn MoreShow Less

Loan Rates - September 18, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for CITY OF BOSTON

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.538% 3.500% 0.50 $1,175 $1,123 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

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



Branches

Below are City Of Boston 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


City Of Boston Locations


Financial Details

City Of Boston Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of City Of Boston. 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
City Of Boston U.S. Average
8.93% 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, City Of Boston had $4,634,219 in non-current loans and $0 in owned assets. To cover these potential losses it had $49,845,251 in net worth and $2,045,529 in loans loss reserves. That gives it a Texas Ratio of 8.93%.

Net Worth
City Of Boston U.S. Average
11.84% 13.47%

City Of Boston FCU has a net worth of 11.84% 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 City Of Boston

Branches and Savings

What is City Of Boston?

A federal credit union, registered with the NCUA under certificate #67841.
Learn more about credit unions here.

Is City Of Boston 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 City Of Boston?

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

What are City Of Boston's share account and share certificate rates?

City Of Boston'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 City Of Boston?

City Of Boston has total capital of $49.85 million. Full information on City Of Boston's financial position is located above.

Who owns City Of Boston?

Credit Unions are owned by their members.

Where are City Of Boston branches located?

See branch locations nearby.

Are City Of Boston ATMs Open 24/7?

Do City Of Boston ATMs accept cash deposits?

Can City Of Boston customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does City Of Boston have a mobile app?

Does City Of Boston have mobile deposit?

Does City Of Boston have quick pay?

How can City Of Boston transfer money to other banks or credit unions?

Does City Of Boston report to credit bureaus?

Does City Of Boston use Chexsystems?

Does City Of Boston use Equifax?

What is City Of Boston's toll free phone number?

What is City Of Boston's ACH Routing Number?

What is City Of Boston's SWIFT code?

Where can I find City Of Boston's wire transfer form?

What is the City Of Boston address for deposits?

What Products Does City Of Boston Offer

Does City Of Boston offer mortgages?

Compare mortgage rates here.

Does City Of Boston offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does City Of Boston offer auto and RV loans?

Compare auto loan rates here.

Does City Of Boston offer student loans or personal loans?

Compare personal loan rates here.

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