City Of Boston Credit Union

Headquarters

1 Union St
Boston, MA 02108
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 4.01% →
1-Year CD 0.85% 4.65% →
2-Year CD 1.05% 4.73% →
5-Year CD 1.55% 4.75% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 1.93% →

2022 Overview

General Credit Union Information

City Of Boston is an NCUA insured institution located in Boston, MA. It was founded in 1915 and has approximately $662.45 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.

NCUA Insured Yes / State-Chartered
Charter Number # # 67841
Date Established 1915
Assets $662.45 million
Loans $431.01 million
Deposits $593.65 million
Capital $55.10 million
 

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 - December 1, 2022

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
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.75% $500 $49,999 Learn More
12 Mo CD
0.85% $50,000 $199,999 Learn More
18 Mo CD
0.85% $500 $14,999 Learn More
18 Mo CD
0.95% $50,000 $199,999 Learn More
24 Mo CD
0.95% $500 $49,999 Learn More
24 Mo CD
1.05% $50,000 - Learn More
30 Mo CD
1.00% $500 $99,999 Learn More
30 Mo CD
1.10% $50,000 $199,999 Learn More
36 Mo CD
1.20% $500 - Learn More
36 Month CD
1.30% $50,000 - Learn More
48 Mo CD
1.30% $500 $49,999 Learn More
48 Month CD
1.40% $50,000 - Learn More
60 Mo CD
1.45% $500 - Learn More
60 Month CD
1.55% $50,000 - Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - December 1, 2022

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 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
5.758% 5.690% 0.75 $1,858 $1,450 Learn More
Neighbors Bank
NMLS ID:
Learn More
Eligibility.org
NMLS ID: 1907
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
6.490 %
After Intro: 7.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
6.240 %
$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



Climate Initiatives

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

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
3.72% 4.24

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, 2022, City Of Boston had $2,105,508 in non-current loans and $0 in owned assets. To cover these potential losses it had $55,104,915 in net worth and $1,420,994 in loans loss reserves. That gives it a Texas Ratio of 3.72%.

Net Worth
City Of Boston U.S. Average
8.4% 12.40%

City Of Boston FCU has a net worth of 8.4% versus the BestCashCow average of 12.40. 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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