Wellesley Municipal Employees

Headquarters

1 Hollis St Ste 105
Wellesley, MA 02482
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

Wellesley Municipal Employees is an NCUA insured institution located in Wellesley, MA. It was founded in 1955 and has approximately $31.56 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 10623
Date Established 1955
Assets $31.56 million
Loans $10.32 million
Deposits $28.70 million
Capital $3.27 million
 

Field of Membership Restrictions

Membership is open to employees of the Town of Wellesley, the Town of Needham, Center Automotive Inc., Corcoran & Havlin Insurance Co., Town of Natick, or Wellesley Chamber of Commerce.

Deposit Rates - April 11, 2021

Your Current Location: California, CA 92111

We do not yet have rates for Wellesley Municipal Employees

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Note to Wellesley Municipal Employees
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Advertiser Disclosure

Loan Rates - April 11, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for WELLESLEY MUNICIPAL EMPLOYEES

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

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

Note to WELLESLEY MUNICIPAL EMPLOYEES
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Branches

Below are Wellesley Municipal Employees 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:
San Diego,California


Wellesley Municipal Employees Locations


Financial Details

Wellesley Municipal Employees Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Wellesley Municipal Employees. 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
Wellesley Municipal Employees U.S. Average
0.18% 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, Wellesley Municipal Employees had $6,073 in non-current loans and $0 in owned assets. To cover these potential losses it had $3,265,295 in net worth and $21,226 in loans loss reserves. That gives it a Texas Ratio of 0.18%.

Net Worth
Wellesley Municipal Employees U.S. Average
10.34% 12.67%

Wellesley Municipal Employees FCU has a net worth of 10.34% 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 Wellesley Municipal Employees

Branches and Savings

What is Wellesley Municipal Employees?

A federal credit union, registered with the NCUA under certificate #10623.
Learn more about credit unions here.

Is Wellesley Municipal Employees 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. Wellesley Municipal Employees is insured by the NCUA.

Who can join Wellesley Municipal Employees?

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

What are Wellesley Municipal Employees's share account and share certificate rates?

Wellesley Municipal Employees'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 Wellesley Municipal Employees?

Wellesley Municipal Employees has total capital of $3.27 million. Full information on Wellesley Municipal Employees's financial position is located above.

Who owns Wellesley Municipal Employees?

Credit Unions are owned by their members.

Where are Wellesley Municipal Employees branches located?

See branch locations nearby.

Are Wellesley Municipal Employees ATMs Open 24/7?

Do Wellesley Municipal Employees ATMs accept cash deposits?

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

Does Wellesley Municipal Employees have a mobile app?

Does Wellesley Municipal Employees have mobile deposit?

Does Wellesley Municipal Employees have quick pay?

How can Wellesley Municipal Employees transfer money to other banks or credit unions?

Does Wellesley Municipal Employees report to credit bureaus?

Does Wellesley Municipal Employees use Chexsystems?

Does Wellesley Municipal Employees use Equifax?

What is Wellesley Municipal Employees's toll free phone number?

What is Wellesley Municipal Employees's ACH Routing Number?

What is Wellesley Municipal Employees's SWIFT code?

Where can I find Wellesley Municipal Employees's wire transfer form?

What is the Wellesley Municipal Employees address for deposits?

What Products Does Wellesley Municipal Employees Offer

Does Wellesley Municipal Employees offer mortgages?

Compare mortgage rates here.

Does Wellesley Municipal Employees offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Wellesley Municipal Employees offer auto and RV loans?

Compare auto loan rates here.

Does Wellesley Municipal Employees offer student loans or personal loans?

Compare personal loan rates here.

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