Credit union · NCUA insured
IC Credit Union
A $547.3M credit union headquartered in Fitchburg, MA, with 36,874 members and 6 branches in Massachusetts. Best rates: CDs 4.30% and savings 3.04% APY.
IC Credit Union Carrot Score
74
Carrot Score
Higher than 36% of U.S. banks and credit unions
#23 of 41 in Worcester, MA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About IC Credit Union
Founded in 1928 as a member-owned institution, IC Credit Union is headquartered in Fitchburg, Massachusetts.
In 1986, it converted from a state charter to a federal charter and became IC Federal Credit Union.
- Headquarters
- 300 Bemis Rd, Fitchburg, MA 01420
- NCUA charter
- 24250
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This may be incomplete or out of date, so check with the credit union before you apply.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 participate in local associations in Worcester, Middlesex, Franklin, Hampden, Hampshire, or Norfolk Counties in Massachusetts are eligible for membership.
- Entities or individuals who maintain a local facility in Worcester, Middlesex, Franklin, Hampden, Hampshire, or Norfolk Counties in Massachusetts are eligible for membership.
- Individuals who live, work, worship, or attend school in Worcester, Middlesex, Franklin, Hampden, Hampshire, or Norfolk Counties in Massachusetts are eligible for membership.
- Local incorporated or unincorporated organizations located in Worcester, Middlesex, Franklin, Hampden, Hampshire, or Norfolk Counties in Massachusetts are eligible for membership.
- Individuals who participate in programs to alleviate local poverty or distress in Worcester, Middlesex, Franklin, Hampden, Hampshire, or Norfolk Counties in Massachusetts are eligible for membership.
Employers and groups
- Employees of the Credit Union are eligible for membership.
3 more ways to join
Family and household
- Immediate family members of Credit Union employees are eligible for membership.
- Spouses of deceased Credit Union Members are eligible for membership.
Other ways
- Organizations of Credit Union Members are eligible for membership.
Cost to join
- An initial deposit of $5.00 is required to join.
Branches
6 branches in Massachusetts
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Massachusetts
6 branches
Worcester area · 5
- Main OfficeMain office300 Bemis Rd, Fitchburg, MA 01420Directions
- Electric Ave520 Electric Ave, Fitchburg, MA 01420Directions
- Mechanic Street400 Mechanic St, Leominster, MA 01453Directions
- Westminster71 Main St, Westminster, MA 01473Directions
- Worcester947 W Boylston St, Worcester, MA 01606Directions
Boston area · 1
- Ayer72 Park St, Ayer, MA 01432Directions
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 | 8.92% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.94% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | -0.28% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $88 | $76 | — |
- CapitalNet worth ratio8.92%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.94%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets-0.28%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$88Peers’ 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 IC Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.