Hanscom Federal Credit Union
Headquarters
1610 Eglin St
Hanscom Afb, MA 01731
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2024 Overview
General Credit Union Information
Hanscom is an NCUA insured institution located in Hanscom Afb, MA. It was founded in 1953 and has approximately $1830.27 millions in assets.
Who can join?
There are three ways to become eligible to join Hanscom FCU:
Eligibility by Family Relationship to a Current Hanscom FCU Member:
If someone in your immediate family is a current member, you are eligible for membership in Hanscom FCU (includes spouse, domestic partner, child, sibling, parent, grandparent, grandchild, stepparents, stepchildren, step siblings, adoptive relationships, and others living in your household).
Eligibility by Employer:
All active or retired employees of the Federal Government in Massachusetts are eligible to join Hanscom Federal Credit Union, as well as organizations that offer Hanscom Federal Credit Union as a benefit to their employees, volunteers and retirees.
Eligibility by Membership:
You are eligible to join if you currently belong to or join a sponsoring membership organization that offers Hanscom FCU as a member benefit.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 9095 |
| Date Established | 1953 |
| Assets | $1,830.27 million |
| Loans | $1,561.82 million |
| Deposits | $1,574.48 million |
| Capital | $211.61 million |
Field of Membership Restrictions
Membership in Hanscom Federal Credit Union is open anyone through joining the Nashua River Watershed Association ($35 membership fee). Membership is also open to the following: (1) active or retired military; (2) employees ore retirees of any federal government agency with a duty station in Massachusetts; (3) employees of Lockheed-Martin NISC, Scansoft, and over 100 area Select Employer Groups.
Deposit Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.10% | $25 | - |
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|
|
Money Market
|
0.50% | $1 | $24,999 |
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|
|
Money Market
|
1.50% | $25,000 | $49,999 |
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|
|
Money Market
|
2.50% | $50,000 | $99,999 |
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|
Money Market
|
3.50% | $100,000 | $249,999 |
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|
Money Market
|
3.50% | $250,000 | $499,999 |
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|
|
Money Market
|
3.75% | $500,000 | $999,999 |
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|
|
Money Market
|
3.75% | $1,000,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
4.50% | $1,000 | - |
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|
| 9 Mo CD
|
4.50% | $1,000 | - |
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|
| 12 Mo CD
|
4.00% | $1,000 | - |
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|
| 13 Mo CD
|
4.75% | $1,000 | - |
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|
| 18 Mo CD
|
3.50% | $1,000 | - |
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|
| 24 Mo CD
|
3.50% | $1,000 | - |
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|
| 30 Mo CD
|
3.50% | $1,000 | - |
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|
| 36 Mo CD
|
3.50% | $1,000 | - |
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|
| 48 Mo CD
|
3.50% | $1,000 | - |
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|
| 60 Mo CD
|
1.75% | $1,000 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| VIRA
|
0.10% | $1 | - | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
0.10% | $0 | - | Learn More |
Loan Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Hanscom
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
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|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.818% | 6.625% | 1.00 | $6,400 | $2,049 | Learn More |
NMLS ID: 2059741 |
6.994% | 6.875% | 0.63 | $3,901 | $2,103 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
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More Info |
Note to Hanscom
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Branches
Below are Hanscom 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:
Columbus,Ohio
Climate Policy and Initiatives
HANSCOM is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Hanscom Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Hanscom. 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
| Hanscom | U.S. Average |
|---|---|
| 11.78% | 6.97 |
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, 2023, Hanscom had $25,513,440 in non-current loans and $87,400 in owned assets. To cover these potential losses it had $211,606,060 in net worth and $5,704,383 in loans loss reserves. That gives it a Texas Ratio of 11.78%.
Net Worth
| Hanscom | U.S. Average |
|---|---|
| 11.56% | 13.62% |
Hanscom FCU has a net worth of 11.56% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Hanscom
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