Credit union · NCUA insured
Marblehead Employees Credit Union
A $12.9M credit union headquartered in Marblehead, MA, with 1,230 members and 1 branch in Massachusetts. Best rates: CDs 4.00% and savings 0.10% APY.
Marblehead Employees Credit Union Carrot Score
76
Carrot Score
Higher than 41% of U.S. banks and credit unions
#76 of 141 in Boston, MA-NH metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Marblehead Employees Credit Union
Founded in 1978 and chartered by the NCUA that same year, the credit union was established to serve the financial needs of Marblehead municipal employees and their families.
- Headquarters
- 7 Widger Rd, Marblehead, MA 01945
- NCUA charter
- 23276
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This may be incomplete or out of date, so check with the credit union before you apply.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 Credit Union.
Military, government and schools
- Employees, Elected and Appointed Officials of the town of Marblehead.
- Employees of the Marblehead Housing Authority.
- Employees and officials of the Marblehead Community Charter Public Schools.
Family and household
- Spouses, Parents, Step-Parents, Children, Siblings, Step-Siblings, Grandparents, Step-Grandparents, Grandchildren and Step-Grandchildren of a member.
- Spouses of persons who have died while within the field of membership.
1 more way to join
Other ways
- Persons retired as pensioners or annuitants from the above employment.
Branches
1 branch in Massachusetts
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Massachusetts
1 branch
- 7 Widger RdMain office7 Widger Rd, Marblehead, MA 01945Directions
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 | 15.44% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.61% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.61% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $72 | $59 | — |
- CapitalNet worth ratio15.44%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.61%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.61%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$72Peers’ 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 Marblehead Employees Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.