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Boston Customs Credit Union

Overview
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Boston Customs Credit Union is a federal credit union based in Boston, Massachusetts. It has been opened since 1935, for 85 years.

With around $2,390,000 in assets, Boston Customs Credit Union is considered to be a small credit union.

About
Address 10 Causeway Street, Room 436
Boston, Massachusetts 02222
Phone (617) 742-1135
Fax (617) 742-4283
CEO Joseph Walsh
President of the Board Sarah Young
Services Offered
Map
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Score Card
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85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
295 members
Membership type: Federal, State, Local Government
Below average number of members
148:1
Credit union member to staff ratio
148 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$2,391,078
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Massachusetts
Average number of branches
0.50%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Massachusetts
Average number of branches
Boston Customs Credit Union Branch Locations

Boston Customs Credit Union: Office
10 Causeway Street Rm 436
Boston, Massachusetts 02222
No ATM
Members
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295 members
Membership type: Federal, State, Local Government
Below average number of members

With 295 members, the Boston Customs Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 95% of credit unions.

Fees
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$8
Average fee per member
The average fee per member at the Boston Customs Credit Union is $8, which is very low compared to most credit unions. This rate is lower than 85% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Boston Customs Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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148:1
Credit union member to staff ratio
148 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
2 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 4 part-time

Boston Customs Credit Union has 0 full-time staff members and 4 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 100% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Boston Customs Credit Union has around 148 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$2,391,078
Total assets
Below average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
13.7%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$6,628
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 80% of credit unions.

Boston Customs Credit Union holds a total of $860,000 in loans and leases, which is about $6,628 per member on average.

Savings interest rate
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0.50%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Boston Customs Credit Union pays 0.50%.

Loan rates
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8.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.00%
New car loan rate
Compared to 4.0% nationally
4.50%
Used car loan rate
Compared to 5.2% nationally
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