Credit union · NCUA insured
Cumberland Municipal Employees Federal Credit Union
A $9.1M credit union headquartered in Cumberland, RI, with 814 members and 1 branch in Rhode Island. Best rates: CDs 2.94% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: not enough terms or balances published to score. Savings: carrot has not captured enough rates to score this yet. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- CDs—2.94%CD rates →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Cumberland Municipal Employees Federal Credit Union
Based in Cumberland, Rhode Island, Cumberland Municipal Employees Federal Credit Union was opened in 1962 as the Cumberland School Employees Credit Union, changed to its current name in 1993, and is member-owned.
- Headquarters
- 2145 Diamond Hill Rd, Cumberland, RI 02864-5135
- NCUA charter
- 24486
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Military, government and schools
- Employees of the Town of Cumberland, The Cumberland School Department, The Cumberland Police Department, Cumberland Fire Department, Cumberland EMS, The Cumberland Housing Authority, and The Northern Rhode Island Collaborative are eligible for membership.
Family and household
- Families of employees who work for the Town of Cumberland, The Cumberland School Department, The Cumberland Police Department, Cumberland Fire Department, Cumberland EMS, The Cumberland Housing Authority, or The Northern Rhode Island Collaborative are eligible for membership.
Branches
1 branch in Rhode Island
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Rhode Island
1 branch
- cumberland municipal employees federal credit unionMain office2145 Diamond Hill Rd, Cumberland, RI 02864Directions
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 | 19.26% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.95% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.38% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $44 | $59 | — |
- CapitalNet worth ratio19.26%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.95%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.38%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$44Peers’ 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 Cumberland Municipal 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.