Naveo Credit Union

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A short history of Naveo CU

Since its inception in 1928 the Naveo Credit Union has been serving its members in the SOMERVILLE, 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 Rui Domingos, the Naveo CU has grown its membership to over 7,946 with assets of more than $125,385,471. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (617) 547-3144 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 SOMERVILLE, MA.

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

Charter Number 68046
State Massachusetts 
Zip-Code 02143
Phone Number (617) 547-3144
Fax Number (617) 547-3451
Email Address:
CEO/President Rui Domingos
Members 7,946 
Full-Time Employees 24 
Part-Time Employees 10 
Number of Branch Offices
Total Assets 125,385,471 

Compare Naveo Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Somerville School Employees CU Main office 100 Highland Ave 02144 (617) 625-8411 No 0.34
Somerville Mass Firefighters CU main office 266 broadway 02145 (617) 625-6935 No 0.60
Health Alliance CU Health Alliance Federal Credit Union 230 Highland Ave 02143 (617) 591-6709 No 0.79
Cambridge Teachers CU Cambridge Teachers FCU 20 Felton St 02138 (617) 492-3212 No 1.04
Cambridge Municipal Employees CU Compusource Systems, Inc. 110 John Muir Dr 14228 (800) 295-9100 No 1.23

Naveo Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Naveo 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 2.49 4.50 3.25
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 51 205 38
Rank Among All Massachusetts Credit Unions N/A 6 7 48 5

Naveo Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.10 0.10 0.35 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 125 129 134 293 250
Rank Among All Massachusetts Credit Unions 10 19 28 56 50
Naveo Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 5.5007197,367,573
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.9902164,827,153
Used Vehicle Loans 2.4903754,365,959
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.50023049,772,134
Total Other Real Estate Loans/Lines of Credit 3.2501629,681,896
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.60069680,429
TOTAL LOANS & LEASES 1,77176,695,144

Naveo 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 5911,810,653124,434,300
    b. 15 Years or less 9413,384,77163,013,750
    a. > 15 years 267,568,66831,020,000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 71,044,35500
Adjustable Rate > 1 yr 4415,963,68773,964,700


Closed-End Fixed Rate 552,317,1332170,000
Closed-End Adjustable Rate 15717,64200
Open-End Adjustable Rate 866,416,654184,137,350
Open-End Fixed Rate 6230,46700
TOTALS 39259,454,0304816,740,100


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

Naveo 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 No
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes