2020 Overview
General Credit Union Information
Mass Bay is an NCUA insured institution located in South Boston, MA. It was founded in 1936 and has approximately $271.21 millions in assets.
Who can join?
Membership at Mass Bay Credit Union is open to
• Anyone who lives or works within Norfolk County, Suffolk County, Abington, Everett, Hanover, Hingham, Lynn, Malden, Marshfield, Medford, Melrose, Norwell, Peabody, Rockland, Saugus, Scituate, Somerville, Stoneham and Whitman.
• Employees of entities affiliated with MassDOT
• Employees of entities affiliated with the MBTA
• Employees of entities who are members of labor unions affiliated with MassDOT and/or the MBTA
Your immediate family becomes eligible for membership, too.
| NCUA Insured | Yes |
| Charter Number # | # 68137 |
| Date Established | 1936 |
| Assets | $271.21 million |
| Loans | $216.66 million |
| Deposits | $202.01 million |
| Capital | $27.89 million |
Field of Membership Restrictions
Deposit Rates - August 15, 2020
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
Learn More
|
|
Money Market
|
0.15% | $2,500 | $2,999 |
Learn More
|
|
Money Market
|
0.25% | $10,000 | $14,999 |
Learn More
|
|
Money Market
|
0.35% | $25,000 | $29,999 |
Learn More
|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 3 Mo CD
|
0.20% | $10,000 | $14,999 |
Learn More
|
| 3 Mo CD
|
0.20% | $100,000 | $199,999 |
Learn More
|
| 6 Mo CD
|
0.30% | $10,000 | $14,999 |
Learn More
|
| 6 Mo CD
|
0.30% | $100,000 | $199,999 |
Learn More
|
| Special: 10 Mo CD
|
0.70% | $500 | - |
Learn More
|
| 12 Mo CD
|
1.00% | $10,000 | $14,999 |
Learn More
|
| 12 Mo CD
|
1.00% | $100,000 | $199,999 |
Learn More
|
| Special: 14 Mo CD
|
0.85% | $500 | - |
Learn More
|
| Special: 16 Mo CD
|
0.85% | $500 | - |
Learn More
|
| Special: 17 Mo CD
|
0.85% | $500 | - |
Learn More
|
| 18 Mo CD
|
1.00% | $10,000 | $14,999 |
Learn More
|
| 18 Mo CD
|
1.00% | $100,000 | $199,999 |
Learn More
|
| 24 Mo CD
|
1.20% | $10,000 | $14,999 |
Learn More
|
| 24 Mo CD
|
1.20% | $100,000 | $199,999 |
Learn More
|
| Special: 28 Mo CD
|
1.30% | $500 | - |
Learn More
|
| 36 Mo CD
|
1.30% | $10,000 | $14,999 |
Learn More
|
| 36 Mo CD
|
1.30% | $100,000 | $199,999 |
Learn More
|
| 48 Mo CD
|
1.30% | $10,000 | $14,999 |
Learn More
|
| 48 Mo CD
|
1.30% | $100,000 | $199,999 |
Learn More
|
| 60 Mo CD
|
1.40% | $10,000 | $14,999 |
Learn More
|
| 60 Mo CD
|
1.40% | $100,000 | $199,999 |
Learn More
|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.03% | $1 | $499 | Learn More |
| Fixed IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Special: 10 Mo FIRA
|
0.70% | $500 | - | Learn More |
| Special: 14 Mo FIRA
|
0.85% | $500 | - | Learn More |
| Special: 16 Mo FIRA
|
0.85% | $500 | - | Learn More |
| Special: 17 Mo FIRA
|
0.85% | $500 | - | Learn More |
| Special: 28 Mo FIRA
|
1.30% | $500 | - | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $1 | $99 | Learn More |
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - August 15, 2020
Your Current Location: Virginia, VA 20146
There are currently no loan rates available for MASS BAY
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 2020
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 3030 |
3.494% | 3.375% | 1.00 | $3,750 | $1,106 | Learn More |
NMLS ID: 2890 License#: MC-3098 |
2.914% | 2.875% | 0.50 | $1,250 | $1,038 | Learn More |
NMLS ID: 3030 |
3.746% | 3.625% | 1.00 | $3,750 | $1,141 | Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2020
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loans |
2.990 %
|
$0 |
Learn More
More Info |
Note to MASS BAY
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Mass Bay 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
Mass Bay Locations
Financial Details
Mass Bay Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Mass Bay. 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
| Mass Bay | U.S. Average |
|---|---|
| 21.59% | 6.71 |
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 30, 2020, Mass Bay had $6,020,009 in non-current loans and $116,650 in owned assets. To cover these potential losses it had $27,892,976 in net worth and $524,541 in loans loss reserves. That gives it a Texas Ratio of 21.59%.
Net Worth
| Mass Bay | U.S. Average |
|---|---|
| 10.28% | 13.61% |
Mass Bay FCU has a net worth of 10.28% versus the BestCashCow average of 13.61. 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 Mass Bay
Branches and Savings
What is Mass Bay?
A federal credit union, registered with the NCUA under certificate #68137.
Learn more about credit unions here.
Is Mass Bay 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 Mass Bay?
Please see Field of Membership information above for information on who is eligible to join.
How big is Mass Bay?
Mass Bay has total capital of $27.89 million. Full information on Mass Bay's financial position is located above.
Who owns Mass Bay?
Credit Unions are owned by their members.
Where are Mass Bay branches located?
See branch locations nearby.
Are Mass Bay ATMs Open 24/7?
Do Mass Bay ATMs accept cash deposits?
Can Mass Bay customers use other ATMs? What is the charge for withdrawing money from another ATM?
Does Mass Bay have a mobile app?
Does Mass Bay have mobile deposit?
Does Mass Bay have quick pay?
How can Mass Bay transfer money to other banks or credit unions?
Does Mass Bay report to credit bureaus?
Does Mass Bay use Chexsystems?
Does Mass Bay use Equifax?
What is Mass Bay's toll free phone number?
What is Mass Bay's ACH Routing Number?
What is Mass Bay's SWIFT code?
Where can I find Mass Bay's wire transfer form?
What is the Mass Bay address for deposits?
What Products Does Mass Bay Offer
Does Mass Bay offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
There are currently no comments for Mass Bay. Be the first to share your experience. Please provide comments that will help others.
Add Your Review