Credit union · NCUA insured
Chelsea Employees Federal Credit Union
Top CarrotA $21.2M credit union headquartered in Chelsea, MA, with 2,248 members and 1 branch in Massachusetts. Best rates: CDs 4.07% and savings 0.15% APY.
Chelsea Employees Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 92% of U.S. banks and credit unions
#11 of 141 in Boston, MA-NH metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Chelsea Employees Federal Credit Union
Chelsea Employees Federal Credit Union is a member-owned cooperative based in Chelsea, Massachusetts, chartered in 1935 to pool savings and make loans to city employees.
Originally formed as Chelsea Massachusetts Municipal Employees Federal Credit Union, it adopted its current name in 1950 while expanding eligibility to local school, housing, restoration, and chamber employees.
- Headquarters
- 311 Chestnut St, Chelsea, MA 02150
- NCUA charter
- 851
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Employees of the Chelsea Chamber of Commerce are eligible for membership.
- Employees of Chelsea Restoration are eligible for membership.
Military, government and schools
- Employees of the Chelsea Housing Authority are eligible for membership.
- Employees of the City of Chelsea are eligible for membership.
Family and household
- Direct family members of qualifying employer group employees are eligible to join.
Cost to join
- Membership requires signing an Application for Membership and depositing $25.00, the par value of one share.
Branches
1 branch in Massachusetts
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Massachusetts
1 branch
- Credit UnionMain office311 Chestnut St, Chelsea, MA 02150Directions
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
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 8.65% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.08% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.51% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $78 | $59 | — |
- CapitalNet worth ratio8.65%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.08%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.51%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$78Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million 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 Chelsea Employees 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.