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Wakefield Town Employees Credit Union
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Wakefield Town Employees Credit Union Share
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Overview Share
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Wakefield Town Employees Credit Union is a federal credit union based in Wakefield, Massachusetts. It has been opened since 1967, for 55 years.

With around $3,810,000 in assets, Wakefield Town Employees Credit Union is considered to be a small credit union.

About Share
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Address Po Box 571
Wakefield, Massachusetts 01880
Phone (781) 245-9331
Fax (781) 246-9652
CEO Paula Whittemore
President of the Board Donna Brehaut
Services Offered
Score Card Share
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55 years
Years in business
Opened in 1967
Well Capitalized
Net worth classification
Source: NCUA
626 members
Membership type: Federal, State, Local Government
Below average number of members
313:1
Credit union member to staff ratio
313 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$3,808,822
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Massachusetts
Average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 3 in Massachusetts
Average number of branches
Wakefield Town Employees Credit Union Branch Locations
Members Share
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626 members
Membership type: Federal, State, Local Government
Below average number of members

With 626 members, the Wakefield Town Employees Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 88% of credit unions.

Fees Share
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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 Wakefield Town Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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313:1
Credit union member to staff ratio
313 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
2 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 4 part-time

Wakefield Town Employees 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. Wakefield Town Employees Credit Union has around 313 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets Share
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$3,808,822
Total assets
Below average
Net worth Share
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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.
14.8%
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 Share
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$7,422
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 74% of credit unions.

Wakefield Town Employees Credit Union holds a total of $1,120,000 in loans and leases, which is about $7,422 per member on average.

Savings interest rate Share
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0.15%
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. Wakefield Town Employees Credit Union pays 0.15%.

Loan rates Share
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10.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
Car loan rates Share
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2.99%
New car loan rate
Compared to 4.0% nationally
3.99%
Used car loan rate
Compared to 5.2% nationally

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Resource: Service Credit Union Routing Number Service Credit Union is a credit union based in Portsmouth, New Hampshire. Service Credit Union’s US routing number is 211489656.
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Bank: Wakefield, Massachusetts 211371997.0
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Raleigh, North Carolina 27614 ATM Available
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Credit Union Branch: 4312 Town Center Drive
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Coastal Credit Union: Wakefield Commons #06
Credit Union Branch: 10850 Wakefield Commons Drive
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Wakefield Town Employees Credit Union: Main Office
Credit Union Branch: 47 Tuttle Street
Wakefield, Massachusetts 01880 No ATM
Coastal Credit Union: Wakefield Commons #06 ATM
Credit Union ATM: 10850 Wakefield Commons Drive
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