Louise Mills Federal Credit Union

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A short history of Louise Mills FCU

Since its inception in 1963 the Louise Mills Federal Credit Union has been serving its members in the MERRIMAC, 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 Heather Hull-Colby, the Louise Mills FCU has grown its membership to over 1,013 with assets of more than $9,647,213. They have a main office and 0 branch offices. Please see the credit unions website or contact them by phone at (978) 346-4561 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 MERRIMAC, MA.

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

Charter Number 15611
Address 12 MERRIMAC SQ 
City MERRIMAC 
State Massachusetts 
Zip-Code 01860
Phone Number (978) 346-4561
Fax Number (978) 346-4564
Email Address: none
CEO/President Heather Hull-Colby
Members 1,013 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 9,647,213 
Website http://www.louisemillscu.com 

Compare Louise Mills Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Haverhill Fire Department CU Louise E Mills Federal Credit Union 12 Merrimac Sq 01860 (978) 346-4561 No 4.92
Htm CU HTM Credit Union 4 Summer St Ste 3 01831 (978) 374-7386 No 5.26
Nesc CU LAWRENCE BRANCH 14 AMESBURY ST 01844 (978) 687-1919 No 10.37
Merrimack Valley CU MVFCU Corporate Office 500 Merrimack St 01843 (978) 975-4095 No 11.32
Methuen Municipal Employees CU Methuen Federal Credit Union 248 Broadway 01844 (978) 686-1471 No 11.68

Louise Mills Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Louise Mills 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 12.50 2.84 2.69 3.76 3.77
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 434 127 65 103 76
Rank Among All Massachusetts Credit Unions 31 38 10 24 14

Louise Mills Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.15 1.75 0.35
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 129 124 61 250
Rank Among All Massachusetts Credit Unions N/A 19 27 4 50
Louise Mills Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.500251460,818
All Other Unsecured Loans/Lines of Credit 7.83080344,855
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.84013177,710
Used Vehicle Loans 2.6901061,270,044
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.760192,918,144
Total Other Real Estate Loans/Lines of Credit 3.770441,556,250
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.7009114,828
TOTAL LOANS & LEASES 5226,842,649

Louise Mills 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 81,249,13100
    b. 15 Years or less 6935,11100
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 5733,90200

OTHER REAL ESTATE

Closed-End Fixed Rate 26996,2624221,200
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 18559,9883280,000
Open-End Fixed Rate 0000
TOTALS 634,474,3947501,200

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

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