83 Merrimack St
Lowell, MA 01852
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 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

Mills42 is an NCUA insured institution located in Lowell, MA. It was founded in 1958 and has approximately $26.32 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 12666
Date Established 1958
Assets $26.32 million
Loans $16.74 million
Deposits $22.65 million
Capital $2.56 million

Deposit Rates - April 15, 2021

Your Current Location: Connecticut, CT 06828

We do not yet have rates for Mills42

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Loan Rates - April 15, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for MILLS42

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
Test Advertiser QA
2.422% 2.375% 0.63 $1,562 $972 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.685% 2.625% 0.75 $1,975 $1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250% 1.00 $3,750 $1,089 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Test Advertiser QA
Test Advertiser QA
See Table
0.000 %
$0 Learn More
More Info
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
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to MILLS42
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Below are Mills42 branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Mills42 Locations

Financial Details

Mills42 Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mills42. 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
Mills42 U.S. Average
7.37% 5.40

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, 2020, Mills42 had $192,225 in non-current loans and $0 in owned assets. To cover these potential losses it had $2,557,402 in net worth and $51,204 in loans loss reserves. That gives it a Texas Ratio of 7.37%.

Net Worth
Mills42 U.S. Average
9.71% 12.67%

Mills42 FCU has a net worth of 9.71% versus the BestCashCow average of 12.67. 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 Mills42

Branches and Savings

What is Mills42?

A federal credit union, registered with the NCUA under certificate #12666.
Learn more about credit unions here.

Is Mills42 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. Mills42 is insured by the NCUA.

Who can join Mills42?

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

What are Mills42's share account and share certificate rates?

Mills42'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 Mills42?

Mills42 has total capital of $2.56 million. Full information on Mills42's financial position is located above.

Who owns Mills42?

Credit Unions are owned by their members.

Where are Mills42 branches located?

See branch locations nearby.

Are Mills42 ATMs Open 24/7?

Do Mills42 ATMs accept cash deposits?

Can Mills42 customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Mills42 have a mobile app?

Does Mills42 have mobile deposit?

Does Mills42 have quick pay?

How can Mills42 transfer money to other banks or credit unions?

Does Mills42 report to credit bureaus?

Does Mills42 use Chexsystems?

Does Mills42 use Equifax?

What is Mills42's toll free phone number?

What is Mills42's ACH Routing Number?

What is Mills42's SWIFT code?

Where can I find Mills42's wire transfer form?

What is the Mills42 address for deposits?

What Products Does Mills42 Offer

Does Mills42 offer mortgages?

Compare mortgage rates here.

Does Mills42 offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Mills42 offer auto and RV loans?

Compare auto loan rates here.

Does Mills42 offer student loans or personal loans?

Compare personal loan rates here.

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