Home
Contents
Explore
Search

Hanscom Credit Union

Overview
Back to Top

Hanscom Credit Union is a federal credit union based in Hanscom Afb, Massachusetts. It has been opened since 1953, for 67 years.

With around $1,327,580,000 in assets, Hanscom Credit Union is considered to be a very large credit union. It has 21 branches and 18 ATM locations.

About
Address 1610 Eglin Street
Hanscom Afb, Massachusetts 01731
Website http://www.hfcu.org
Phone (800) 656-4328
Fax (888) 279-7725
CEO David Sprague
President of the Board Paul Marotta
Services Offered
Map
Back to Top
Score Card
Back to Top
67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
88,107 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members
384:1
Credit union member to staff ratio
384 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$1,327,579,561
Total assets
Above average
21 branches
Compared with an average of 4 nationally and 3 in Massachusetts
Above average number of branches
0.40%
Savings interest rate
Compared to 0.3% nationally
10.49%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
Back to Top
21 branches
Compared with an average of 4 nationally and 3 in Massachusetts
Above average number of branches
Hanscom Credit Union Branch Locations

Hanscom Credit Union: Moakley Courthouse
1 Courthouse Way
Boston, Massachusetts 02210
ATM Available
Hanscom Credit Union: Barnes
495 Summer Street
Room 115
Boston, Massachusetts 02210
ATM Available
Hanscom Credit Union: Littleton Operations Center
25 Porter Road
Suite 100
Littleton, Massachusetts 01460
No ATM
Hanscom Credit Union: Littleton
25 Porter Road
Suite 100
Littleton, Massachusetts 01460
ATM Available
Hanscom Credit Union: Mount Auburn Hospital Branch
330 Mount Auburn Street
Cambridge, Massachusetts 02138
No ATM
Hanscom Credit Union: Billerica
199 Boston Road
North Billerica, Massachusetts 01862
ATM Available
Hanscom Credit Union: Brockton
940 Belmont Street
Va Boston Healthcare System Building 3
Brockton, Massachusetts 02301
ATM Available
Hanscom Credit Union: Beverly
146 Sohier Road
Beverly, Massachusetts 01915
No ATM
Hanscom Credit Union: Mccormack Branch
5 Post Office Square Suite 340
Boston, Massachusetts 02109
ATM Available
Hanscom Credit Union: O'Neill
10 Causeway Street
Room 208
Boston, Massachusetts 02222
ATM Available
Hanscom Credit Union: Devens
24 Andrews Parkway
Devens, Massachusetts 01434
ATM Available
Hanscom Credit Union: Burlington
47 Middlesex Tpke
Burlington, Massachusetts 01803
ATM Available
Hanscom Credit Union: Coast Guard
427 Commercial Street Building 8
Cgx Second Floor
Boston, Massachusetts 02109
No ATM
Hanscom Credit Union: Concord
696 Virginia Road
Concord, Massachusetts 01742
ATM Available
Hanscom Credit Union: Jfk
15 New Sudbury Street
Govenment Center
Boston, Massachusetts 02203
ATM Available
Hanscom Credit Union: Bedford
325 Great Road
Bedford, Massachusetts 01730
ATM Available
Hanscom Credit Union: Jamaica Plain
150 S. Huntington Avenue
Va Medical Center
Jamaica Plain, Massachusetts 02130
ATM Available
Hanscom Credit Union: West Roxbury
1400 Vfw Parkway
Va Medical Center
West Roxbury, Massachusetts 02132
ATM Available
Hanscom Credit Union: Mitre Bedford
Mitre Building K.
202 Burlington Road
Bedford, Massachusetts 01730
ATM Available
Hanscom Credit Union: Mclean Va
Mitre Building 2
7515 Colshire Drive
Mclean, Virginia 22102
ATM Available
Hanscom Credit Union: Natick
15 General Greene Avenue
Natick, Massachusetts 01760
ATM Available
Hanscom Credit Union: Xp Systems
700 Gale Drive
Suite 160
Campbell, California 95008
No ATM
Hanscom Credit Union: Hanscom Afb
1610 Eglin Street
Hanscom Afb, Massachusetts 01731
ATM Available
Members
Back to Top
88,107 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members

With 88,107 members, the Hanscom Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 95% of credit unions.

Fees
Back to Top
$88
Average fee per member
The average fee per member at the Hanscom Credit Union is $88, 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 Hanscom Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
Back to Top
384:1
Credit union member to staff ratio
384 per each FTE employee
Compared to 411:1 nationally
Average number of staff
230 staff members
FTE (full-time equivalent)
2% of employees are part-time
227 full-time, 5 part-time

Hanscom Credit Union has 227 full-time staff members and 5 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 98% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Hanscom Credit Union has around 384 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
Back to Top
$1,327,579,561
Total assets
Above average
Net worth
Back to Top
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.
10.8%
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
Back to Top
$15,676
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 82% of credit unions.

Hanscom Credit Union holds a total of $1,197,850,000 in loans and leases, which is about $15,676 per member on average.

Savings interest rate
Back to Top
0.40%
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. Hanscom Credit Union pays 0.40%.

Loan rates
Back to Top
10.49%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.49%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
Back to Top
3.79%
New car loan rate
Compared to 4.0% nationally
3.79%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
Back to Top
5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.37%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
Chelsea Employees Credit Union
Location
Chelsea, Massachusetts
Members
2086
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
Luso-American Credit Union
Location
Peabody, Massachusetts
Members
7,928
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
12.99%
Read More
Jeanne D'Arc Credit Union
Location
Lowell, Massachusetts
Members
87,462
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
9.99%
Read More
West Springfield Credit Union
Location
West Springfiel, Massachusetts
Members
2800
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
12.90%
Read More
Revere Municipal Employees Credit Union
Location
Revere, Massachusetts
Members
2277
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
Leominster Credit Union
Location
Leominster, Massachusetts
Members
50,901
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More