Danvers Municipal Federal Credit Union

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A short history of Danvers Municipal FCU

Since its inception in 1961 the Danvers Municipal Federal Credit Union has been serving its members in the Danvers, 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 Joseph Collins, the Danvers Municipal FCU has grown its membership to over 1,255 with assets of more than $8,001,677. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (978) 777-0001 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Danvers, MA.

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

Charter Number 14191
Address 1 Sylvan St. 
City Danvers 
State Massachusetts 
Zip-Code 01923
Phone Number (978) 777-0001
Fax Number () -
Email Address: none
CEO/President Joseph Collins
Members 1,255 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 8,001,677 
Website http://wwwdanversmfcu.com 

Compare Danvers Municipal Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Luso-american CU Luso-American Credit Union 79 Lynnfield St 01960 (978) 530-4453 No 3.56
Peabody Municipal CU Peabody Municipal FCU 12 Chestnut St 01960 (978) 532-1385 No 3.75
Beverly Municipal CU Beverly Municipal FCU 139 Cabot St 01915 (978) 922-5254 No 4.21
Greater Salem Employees CU GSEFCU 10 Colonial Rd Ste 1A 01970 (978) 745-9803 No 5.32
St. Jean's CU Main office-lynn 250 maple st 01904 (781) 592-5420 No 6.81

Danvers Municipal Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Danvers 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 1.99 3.49 N/A 7.00
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 34 146 N/A 431
Rank Among All Massachusetts Credit Unions N/A 6 36 N/A 58

Danvers 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 0.05 N/A N/A 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 143 N/A N/A N/A
Rank Among All Massachusetts Credit Unions N/A 21 N/A N/A N/A
Danvers 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 8.000111215,748
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.990801,467,950
Used Vehicle Loans 3.4901371,298,950
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 7.00014,642
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.99031281,651
TOTAL LOANS & LEASES 3603,268,941

Danvers 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 14,64200
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 14,64200

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

Danvers Municipal Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans No
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