Mass Bay


147 W 4th St
South Boston, MA 02127
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.85% →
1-Year CD 0.50% 0.80% →
2-Year CD 0.70% 0.80% →
5-Year CD 1.00% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 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 $283.2 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 / State-Chartered
Charter Number # # 68137
Date Established 1936
Assets $283.20 million
Loans $216.73 million
Deposits $239.48 million
Capital $28.36 million

Field of Membership Restrictions

Membership is open to those who live or work in Norfolk or Suffolk Counties, Everett, Hanover, Hingham, Lynn, Malden, Marshfield, Medford, Melrose, Norwell, Peabody, Rockland, Saugus, Scituate, Somerville, Stoneham and Whitman; employees of Massachusetts Department of Transportation.

Deposit Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.05% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $9,999 Learn More
Money Market
0.20% $10,000 $19,999 Learn More
Money Market
0.30% $20,000 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.30% $500 - Learn More
12 Mo CD
0.50% $500 - Learn More
18 Mo CD
0.60% $500 - Learn More
24 Mo CD
0.70% $500 - Learn More
36 Mo CD
0.85% $500 - Learn More
48 Mo CD
1.00% $500 - Learn More
60 Mo CD
1.00% $500 - Learn More
Variable IRA Rates APY MIN MAX
0.03% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $5 - Learn MoreShow Less

Loan Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 330511
2.943% 2.875% 0.88 $2,182 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR
1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to MASS BAY
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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:

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
8.92% 4.38

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, 2021, Mass Bay had $2,468,686 in non-current loans and $116,650 in owned assets. To cover these potential losses it had $28,355,391 in net worth and $643,243 in loans loss reserves. That gives it a Texas Ratio of 8.92%.

Net Worth
Mass Bay U.S. Average
10.01% 12.20%

Mass Bay FCU has a net worth of 10.01% versus the BestCashCow average of 12.20. 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 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. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Mass Bay is insured by the NCUA.

Who can join Mass Bay?

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

What are Mass Bay's share account and share certificate rates?

Mass Bay'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 Mass Bay?

Mass Bay has total capital of $28.36 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 mortgages?

Compare mortgage rates here.

Does Mass Bay offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Mass Bay offer auto and RV loans?

Compare auto loan rates here.

Does Mass Bay offer student loans or personal loans?

Compare personal loan rates here.

Customer Reviews for Mass Bay

  • September 15, 2021 |

    CDs 12 Month Rates

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