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A credit union is a cooperative, not-for-profit financial
institution, owned by its members and organized to promote thrift
and provide credit to members. Membership
is limited to those who share a common bond of employment, community
or association
The credit union is managed by a volunteer board of directors.
Members elect and serve on the Board of Directors. Members also
serve on the Credit Committee which decides which loans to grant
and also the Supervisory Committee which oversees that Credit Union
operations are conducted in accordance with the regulations of the
National Credit Union Administration (NCUA), a federal government
agency.
The board hires a management team to operate the credit union.
The result: members are provided with a safe, convenient place to
save and borrow at reasonable rates at an institution that exists
to benefit them.
The primary purpose of credit unions is to encourage thrift and
make loans to members. As non-profit institutions, credit unions
can typically charge lower rates for loans and pay higher dividends
on shares. Rather than paying profits to stockholders, credit unions
return earnings to members in the form of dividends or improved
services.
Our members! Each credit union member owns one "share"
of the organization. Members age 18 and older are even entitled
to vote on important issues, such as the election of representatives
to serve on the Board of Directors.
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Unlike banks, credit unions are member-owned, not-for-profit institutions.
Member-ownership gives us the incentive to focus completely on providing
value to members. Banks are for-profit institutions, typically owned
by stockholders.
Membership is open to employees and retirees of our Employer Groups
and their family members. Learn more.
If you meet our eligibility requirements, you can join! Simply open
a Share Savings
account with a minimum deposit of $25. Contact
us for more information on becoming a member.
Please contact a Member Services
Representative for more information at (978) 475-3090 or simply
download and submit a Business
Membership Letter.
Yes, if they are relatives of current members.
Please check our business hours.
We are closed on all major holidays, including New Year’s Day,
President's Day, Memorial Day, Independence Day, Labor Day, Columbus
Day, Veteran’s Day, Thanksgiving, and Christmas. We close at
noon on Christmas Eve.
With our Audio Response System, you can access account information
and perform transactions any time, just by dialing (800) 514-9322
from a touch-tone phone. This free service is available 24 hours
a day, 365 days a year.
Our routing number, also known as our ABA number, is 211380302
Yes. All Savings accounts are insured up to $250,000 by the National
Credit Union Administration (NCUA), an agency of the federal government.
Deposits in excess of the NCUA limits are insured up to the statutory
Massachusetts limits by the Massachusetts Share Insurance Corporation
(MSIC).
Please review our funds
availability policy.
We offer low or no fees on our products and services. Please review
our schedule of fees.
All members are eligible for direct deposit of funds to their Checking,
Savings, or Club accounts. Members may arrange for direct deposit
of any regular check, such as their paychecks, pensions, Veterans
Administration (VA) checks, and Social Security payments.
For direct deposit of your paycheck, contact your employer’s
payroll department for the appropriate forms and information.
To arrange direct deposit of your Social Security and/or Social
Security Supplemental Income payments, call the Social Security
Administration at (800) 772-1213.To arrange direct deposit of your
pension checks, call your employer’s human resources department.
To stop direct deposit of your paycheck or to change the amount
of your paycheck directed to each of your accounts, contact your
payroll department. To stop or change direct deposit of pensions,
VA checks, or Social Security payments, please contact the appropriate
agency.
Contact us during business hours. After hours and on weekends, contact
the card issuer directly at 1 (800) 472-3272.
To reset your PIN or password, contact
Member Services.
Contact us during business hours.
After hours and on weekends, contact the card issuer directly at
1 (800) 543-5073.
Please contact us to fill out
a change of address form.
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