Belmont Municipal Federal Credit Union

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A short history of Belmont Municipal FCU

Since its inception in 1940 the Belmont Municipal Federal Credit Union has been serving its members in the BELMONT, 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 Nasson, the Belmont Municipal FCU has grown its membership to over 433 with assets of more than $4,070,273. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (617) 993-2790 or email them at mnasson@belmont-ma.gov to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in BELMONT, MA.

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

Charter Number 4192
Address PO BOX 56 
City BELMONT 
State Massachusetts 
Zip-Code 02478
Phone Number (617) 993-2790
Fax Number (617) 993-2601
Email Address: mnasson@belmont-ma.gov
CEO/President Michael Nasson
Members 433 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 4,070,273 
Website  

Compare Belmont Municipal Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Watertown Municipal CU WATERTOWN MUNICIPAL CREDIT UNION 149 MAIN ST 02472 (617) 924-0160 No 1.92
Arlington Municipal CU Arlington Municipal federal Credit Union 730 Massachusetts Ave 02476 (781) 316-3144 No 1.95
New England Teamsters CU Home Office 23 Broadway 02474 (781) 641-6700 No 2.51
Cambridge Firefighters CU Main 113 Garden St 02138 (617) 864-2298 No 2.79
Somerville Municipal CU Main Office 236 Holland St 02144 (617) 625-0898 No 2.86

Belmont Municipal Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Belmont Municipal Federal 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 N/A 2.75 5.25 N/A 3.95
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 115 356 N/A 94
Rank Among All Massachusetts Credit Unions N/A 34 71 N/A 17

Belmont Municipal Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.50 N/A 1.05 N/A
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 66 N/A 165 N/A
Rank Among All Massachusetts Credit Unions N/A 6 N/A 27 N/A
Belmont Municipal Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 9.500228803,782
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.75018230,274
Used Vehicle Loans 5.2501561,416
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 3.95018682,322
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 0.00000
TOTAL LOANS & LEASES 2791,777,794

Belmont Municipal Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

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 0000
    b. 15 Years or less 0000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 18682,3224180,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 18682,3224180,000

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

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

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