New Bedford Credit Union
Headquarters
1150 Purchase Street
New Bedford, MA 02740
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2024 Overview
General Credit Union Information
New Bedford is an NCUA insured institution located in New Bedford, MA. It was founded in 1932 and has approximately $161.96 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 66733 |
| Date Established | 1932 |
| Assets | $161.96 million |
| Loans | $111.71 million |
| Deposits | $145.85 million |
| Capital | $15.49 million |
Field of Membership Restrictions
Membership is open to those who live, attend school or work in Bristol County, the towns of Marion, Rochester, Wareham, Mattapoisett, Lakeville, Middleboro, Carver, Plymouth, Raynham and Bridgewater in Plymouth County, the towns of Bourne, Buzzards Bay, Falmouth, Mashpee, Sandwich, Barnstable and Yarmouth in Barnstable County, and the towns of Little Compton and Tiverton in Newport County, Rhode Island. Membership is also open to employees of the City of New Bedford.
Deposit Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.02% | $2,500 | $4,999 |
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|
|
Money Market
|
0.15% | $2,500 | $2,999 |
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|
|
Money Market
|
0.15% | $10,000 | $14,999 |
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|
|
Money Market
|
0.25% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.25% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.25% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.01% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.01% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.02% | $1 | $499 | Learn More |
| Fixed IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Fixed IRA
|
0.40% | $1 | $999 | Learn More |
Loan Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for New Bedford
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 |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.818% | 6.625% | 1.00 | $6,400 | $2,049 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: 491986 |
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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 |
Learn More
More Info |
Note to New Bedford
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Branches
Below are New Bedford 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
NEW BEDFORD 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
New Bedford Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of New Bedford. 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
| New Bedford | U.S. Average |
|---|---|
| 11.86% | 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, New Bedford had $1,852,177 in non-current loans and $5,606 in owned assets. To cover these potential losses it had $15,485,880 in net worth and $181,178 in loans loss reserves. That gives it a Texas Ratio of 11.86%.
Net Worth
| New Bedford | U.S. Average |
|---|---|
| 9.56% | 13.62% |
New Bedford FCU has a net worth of 9.56% 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 New Bedford
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