Reading Mass. Town Employees Federal Credit Union

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A short history of Reading Mass. Town Employees FCU

Since its inception in 1975 the Reading Mass. Town Employees Federal Credit Union has been serving its members in the Reading, 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 Edward OBrien, the Reading Mass. Town Employees FCU has grown its membership to over 745 with assets of more than $8,313,553. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (781) 942-9019 or email them at mass.reading@verizon.net to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Reading, MA.

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

Charter Number 21997
Address 218 Ash st 
City Reading 
State Massachusetts 
Zip-Code 01867
Phone Number (781) 942-9019
Fax Number (781) 942-9839
Email Address: mass.reading@verizon.net
CEO/President Edward OBrien
Members 745 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 8,313,553 
Website http://readingcreditunion.com 

Compare Reading Mass. Town Employees Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
M.o.s.e.s. CU Main office 50 Main St 01864 (978) 276-0750 No 2.54
Wakefield Town Employees CU Main Office 47 Tuttle ST 01880 (781) 245-9331 No 2.57
Middlesex-essex Postal Employees CU MAIN OFFICE 76 Main St 01864 (978) 664-5938 No 2.78
Woburn Municipal CU Woburn Municipal FCU 8 Cedar St 01801 (781) 933-2600 No 2.94
Stoneham Municipal Employees CU Branch 200 Jefferson RD 01887 (978) 658-5394 No 3.76

Reading Mass. Town Employees Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Reading Mass. Town Employees 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 4.60 4.60 3.68 3.68
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 352 278 92 68
Rank Among All Massachusetts Credit Unions N/A 73 59 20 12

Reading Mass. Town Employees Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.20 0.20 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 102 108 N/A N/A N/A
Rank Among All Massachusetts Credit Unions 5 14 N/A N/A N/A
Reading Mass. Town Employees 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 11.000116492,076
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.60032574,896
Used Vehicle Loans 4.6001031,215,490
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.6804473,836
Total Other Real Estate Loans/Lines of Credit 3.6802196,875
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.500739,935
TOTAL LOANS & LEASES 2642,993,108

Reading Mass. Town Employees 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 4473,83600
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 2196,87500
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 6670,71100

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

Reading Mass. Town Employees 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 Yes
Overdraft Lines of Credit No
ATM/Debit Card Program No
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders No
No Surcharge ATMs No
Home Banking Via Internet Website Yes