Credit union · NCUA insured
Central One Federal Credit Union
A $882.7M credit union headquartered in Shrewsbury, MA, with 39,109 members and 9 branches in Massachusetts. Best rates: CDs 4.45% and savings 1.10% APY.
Central One Federal Credit Union Carrot Score
86
Carrot Score
Higher than 75% of U.S. banks and credit unions
#13 of 41 in Worcester, MA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Central One Federal Credit Union
Founded in 1952 originally for New England Electric System employees, Central One Federal Credit Union has served Massachusetts residents and grown into one of Central Massachusetts' largest federal credit unions.
The Shrewsbury, Massachusetts-based credit union transitioned to a community-based credit union in 1998 to expand its membership, services, and community reinvestment.
- Headquarters
- 714 Main St, Shrewsbury, MA 01545
- NCUA charter
- 8218
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who live, work, worship, volunteer, or attend school in Worcester County or parts of Middlesex and Norfolk counties are eligible for membership.
Employers and groups
- Businesses and organizations located within Worcester County or eligible parts of Middlesex and Norfolk counties are eligible for membership.
Family and household
- Family or household members of existing members are eligible to join.
Branches
9 branches in Massachusetts
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Massachusetts
9 branches
- Central One Federal Credit UnionMain office714 Main St, Shrewsbury, MA 01545Directions
- Auburn63 Southbridge St, Auburn, MA 01501Directions
- Milford82 Prospect St, Milford, MA 01757Directions
- Northborough-148 Main St.148 Main St, Northborough, MA 01532Directions
- Shrewbury High School64 Holden St, Shrewsbury, MA 01545Directions
- Southgate30 Julio Dr, Shrewsbury, MA 01545Directions
- Westborough40 South St, Westborough, MA 01581Directions
- Westborough High School90 W Main St, Westborough, MA 01581Directions
- St. Vincent Hosptial123 Summer St Ste 510, Worcester, MA 01608Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.72% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.68% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.60% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $97 | $76 | — |
- CapitalNet worth ratio9.72%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.68%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.60%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$97Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Central One Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.