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Central One Credit Union

Overview
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Central One Credit Union is a federal credit union based in Shrewsbury, Massachusetts. It has been opened since 1952, for 68 years.

With around $514,200,000 in assets, Central One Credit Union is considered to be a very large credit union. It has 10 branches and 5 ATM locations.

About
Address 714 Main Street
Shrewsbury, Massachusetts 01545
Website http://www.centralfcu.com
Phone (508) 842-7400
Fax (508) 841-0591
CEO David A. L'Ecuyer
President of the Board Roland Carlson
Services Offered
Map
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Score Card
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68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
33,779 members
Membership type: Community credit union
Above average number of members
319:1
Credit union member to staff ratio
319 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$514,198,088
Total assets
Above average
10 branches
Compared with an average of 4 nationally and 3 in Massachusetts
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
11.35%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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10 branches
Compared with an average of 4 nationally and 3 in Massachusetts
Above average number of branches
Central One Credit Union Branch Locations

Central One Credit Union: Northborough-148 Main Street
148 Main Street
Northborough, Massachusetts 01532
ATM Available
Central One Credit Union: Auburn
63 Southbridge Street
Auburn, Massachusetts 01501
ATM Available
Central One Credit Union: Westborough
40 South Street
Westborough, Massachusetts 01581
ATM Available
Central One Credit Union: Northborough-55
55 Bearfoot Road
Northborough, Massachusetts 01532
ATM Available
Central One Credit Union: Waltham
40 Sylvan Road
Waltham, Massachusetts 02451
No ATM
Central One Federal Credit Union
714 Main Street
Shrewsbury, Massachusetts 01545
ATM Available
Central One Credit Union: Southgate
30 Julio Drive
Shrewsbury, Massachusetts 01545
No ATM
Members
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33,779 members
Membership type: Community credit union
Above average number of members

With 33,779 members, the Central One Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 88% of credit unions.

Fees
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$89
Average fee per member
The average fee per member at the Central One Credit Union is $89, which is high compared to most credit unions. This rate is higher than 79% of all credit unions.
Fees are higher 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 Central One Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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319:1
Credit union member to staff ratio
319 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
106 staff members
FTE (full-time equivalent)
12% of employees are part-time
99 full-time, 14 part-time

Central One Credit Union has 99 full-time staff members and 14 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 88% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Central One Credit Union has around 319 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$514,198,088
Total assets
Above 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.
9.7%
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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$25,089
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 95% of credit unions.

Central One Credit Union holds a total of $453,890,000 in loans and leases, which is about $25,089 per member on average.

Savings interest rate
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0.10%
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. Central One Credit Union pays 0.10%.

Loan rates
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11.35%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.80%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.31%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.10%
New car loan rate
Compared to 4.0% nationally
3.60%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.48%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.48%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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