Credit union · NCUA insured
Malden Federal Credit Union
Top CarrotA $28.9M credit union headquartered in Malden, MA, with 1,554 members and 1 branch in Massachusetts. Best rates: CDs 4.07% and savings 0.75% APY.
Malden Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 81% of U.S. banks and credit unions
#27 of 141 in Boston, MA-NH metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Malden Federal Credit Union
Malden Federal Credit Union is a member-owned cooperative thrift institution headquartered in Malden, Massachusetts.
It was formed to encourage savings by offering a good return and to use collective monies to make loans at competitively low interest rates.
- Headquarters
- 10 Holden St, Suite 6, Malden, MA 02148
- NCUA charter
- 4472
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This may be incomplete or out of date, so check with the credit union before you apply.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 Catholic Charities who work in Malden, MA.
- Employees of Partnership for Community Schools, Malden, MA.
- Employees of this credit union.
- Employees of Sacred Heart Parish, Cheverus School, Malden, MA.
Military, government and schools
- Employees of the City of Malden, who work in Malden, MA.
- Employees of Malden Housing Authority.
8 more ways to join
Military, government and schools
- Employees of Malden Catholic High, Malden MA.
- Employees of the Malden School Department, Malden MA.
- Employees of the Mystic Valley Advantage Regional Charter School, Malden, MA.
- Malden School Committee Members.
Family and household
- Members of immediate families (spouses, children, parents, siblings, in-laws, grandparents, grandchildren) of eligible persons.
- Spouses of persons who have died while in the field of membership of this credit union.
Other ways
- Organizations of persons in the field of membership.
- Persons retired as pensioners or annuitants from the qualifying employments.
Branches
1 branch in Massachusetts
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Massachusetts
1 branch
- Main OfficeMain office10 Holden St, Suite 6, Malden, MA 02148Directions
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 | 17.05% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.03% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.74% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $54 | $59 | — |
- CapitalNet worth ratio17.05%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.03%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.74%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$54Peers’ 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 Malden 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.