New Bedford Credit Union

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A short history of New Bedford CU

Since its inception in 1932 the New Bedford Credit Union has been serving its members in the NEW BEDFORD, 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 David Borges, the New Bedford CU has grown its membership to over 10,364 with assets of more than $122,835,460. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (508) 994-6546 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 NEW BEDFORD, MA.

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

Charter Number 66733
State Massachusetts 
Zip-Code 02740
Phone Number (508) 994-6546
Fax Number (508) 990-7472
Email Address:
CEO/President David Borges
Members 10,364 
Full-Time Employees 32 
Part-Time Employees
Number of Branch Offices
Total Assets 122,835,460 

Compare New Bedford Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Southcoast CU St Luke's Hospital 101 Page St 02740 (508) 997-4475 No 0.41
St. Anne CU St Anne Credit Union 93 Union St 02740 (508) 993-0011 No 0.90
St. Anthony Of New Bedford CU St. Anthony of New Bedford FCU 1743 Acushnet Ave 02746 (508) 996-5492 No 2.58
Southern Mass CU Southern Mass Credit Union Main Office 123 Alden Rd 02719 (508) 994-9971 No 2.91
First Citizens' CU FALMOUTH 352 MAIN ST 02540 (508) 540-8444 No 3.37

New Bedford Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

New Bedford 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 9.37 2.99 2.74 4.16 5.71
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 189 145 70 165 313
Rank Among All Massachusetts Credit Unions 9 43 13 42 53

New Bedford Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.02 0.05 0.25 0.86 0.86
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 135 143 105 196 177
Rank Among All Massachusetts Credit Unions 12 21 23 36 32
New Bedford Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.3701,8113,290,561
All Other Unsecured Loans/Lines of Credit 11.0009343,794,935
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 5.0305701,853,907
New Vehicle Loans 2.9904355,867,589
Used Vehicle Loans 2.7408687,150,429
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.16025434,280,407
Total Other Real Estate Loans/Lines of Credit 5.71035610,125,404
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.92094543,023
TOTAL LOANS & LEASES 5,32266,906,255

New Bedford 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 17726,735,315121,952,500
    b. 15 Years or less 777,545,09291,506,000
    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


Closed-End Fixed Rate 1555,400,731281,369,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 2014,724,673171,022,400
Open-End Fixed Rate 0000
TOTALS 61044,405,811665,849,900


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

New Bedford 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 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