Arrha Credit Union

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A short history of Arrha CU

Since its inception in 1929 the Arrha Credit Union has been serving its members in the SPRINGFIELD, Massachusetts area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Michael Ostrowski, the Arrha CU has grown its membership to over 9,537 with assets of more than $135,688,465. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (413) 732-9812 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in SPRINGFIELD, MA.

General Information For Arrha CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 61189
State Massachusetts 
Zip-Code 01104
Phone Number (413) 732-9812
Fax Number (413) 737-7635
Email Address:
CEO/President Michael Ostrowski
Members 9,537 
Full-Time Employees 32 
Part-Time Employees
Number of Branch Offices
Total Assets 135,688,465 

Compare Arrha Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Springfield Street Railway Emp. CU springfield street railway employees credit union 640 Page Blvd Ste 102 01104 (413) 781-4454 No 0.99
Massmutual CU Bright Meadows 100 Bright Meadow BLVD 06082 (860) 562-1947 No 1.36
Polish National CU Hampden 25 E Longmeadow Rd 01036 (413) 566-0084 No 2.14
Freedom CU CHICOPEE 1976 MEMORIAL DR 01020 (413) 532-5085 No 2.16
Greater Springfield CU Main Office 1030 Wilbraham Rd 01109 (413) 782-3161 No 2.38

Arrha Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Arrha Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.16 4.09 6.24 3.68 4.71
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 267 292 467 92 196
Rank Among All Massachusetts Credit Unions 16 69 85 20 40

Arrha Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.01 0.10 0.25 1.22 1.22
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 140 129 105 131 130
Rank Among All Massachusetts Credit Unions 13 19 23 19 18
Arrha Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.16064243,900
All Other Unsecured Loans/Lines of Credit 14.3906402,469,353
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.09056775,150
Used Vehicle Loans 6.2401,65812,951,070
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.68056661,573,447
Total Other Real Estate Loans/Lines of Credit 4.7102267,392,251
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.39047380,928
TOTAL LOANS & LEASES 3,25785,786,099

Arrha Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 24832,136,698325,670,366
    b. 15 Years or less 28824,779,1555532,441
    a. > 15 years 2291,67500
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 284,365,91900


Closed-End Fixed Rate 1162,888,2576207,651
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1104,503,9948188,933
Open-End Fixed Rate 0000
TOTALS 79268,965,698516,599,391


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Arrha Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes