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Waltham Municipal Employees Credit Union
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Waltham Municipal Employees Credit Union Share
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Overview Share
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Waltham Municipal Employees Credit Union is a federally insured state credit union based in Waltham, Massachusetts. It has been opened since 1949, for 73 years.

With around $8,760,000 in assets, Waltham Municipal Employees Credit Union is considered to be a medium size credit union.

About Share
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Address 177 Lexington Street
Waltham, Massachusetts 02452
Phone (781) 899-0506
Fax (781) 899-9822
CEO Michael J. Davis
President of the Board Wilfred Petipas
Services Offered
Score Card Share
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73 years
Years in business
Opened in 1949
Well Capitalized
Net worth classification
Source: NCUA
891 members
Membership type: State chartered natural person credit union
Below average number of members
446:1
Credit union member to staff ratio
446 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$8,758,650
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Massachusetts
Average number of branches
0.10%
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
Waltham Municipal Employees Credit Union Branch Locations

Waltham Municipal Employees Credit Union
177 Lexington Street
Waltham, Massachusetts 02452
No ATM
Members Share
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891 members
Membership type: State chartered natural person credit union
Below average number of members

With 891 members, the Waltham Municipal Employees Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 82% 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 Waltham Municipal Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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446:1
Credit union member to staff ratio
446 per each FTE employee
Compared to 411:1 nationally
Fewer staff
2 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 4 part-time

Waltham Municipal 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. Waltham Municipal Employees Credit Union has around 446 members per staff, a higher ratio compared to other credit unions.

Assets Share
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$8,758,650
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.
18.1%
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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$10,145
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 50% of credit unions.

Waltham Municipal Employees Credit Union holds a total of $1,950,000 in loans and leases, which is about $10,145 per member on average.

Savings interest rate Share
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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. Waltham Municipal Employees Credit Union pays 0.10%.

Loan rates Share
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13.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
Car loan rates Share
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2.49%
New car loan rate
Compared to 4.0% nationally
2.99%
Used car loan rate
Compared to 5.2% nationally

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Service Credit Union Routing Number
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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Waltham Municipal Employees Credit Union
Credit Union Branch: 177 Lexington Street
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