Credit union · NCUA insured
Members Plus Credit Union
Top CarrotA $356.4M credit union headquartered in Medford, MA, with 13,687 members and 7 branches in Massachusetts. Best rates: CDs 4.30% and savings 0.25% APY.
Members Plus Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 95% of U.S. banks and credit unions
#8 of 141 in Boston, MA-NH metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Members Plus Credit Union
Members Plus Credit Union was incorporated in Massachusetts in 1940 and opened for business in Boston in February 1941.
Formerly known as Boston Edison Employees Credit Union, it operates as a member-owned cooperative financial institution.
The credit union serves Essex, Middlesex, Norfolk, Plymouth, and Suffolk counties through seven branch locations.
- Headquarters
- 29 High St, Medford, MA 02155-3801
- NCUA charter
- 66706
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This may be incomplete or out of date, so check with the credit union before you apply.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 live or work in Essex, Middlesex, Norfolk, Plymouth, or Suffolk counties are eligible for membership.
Employers and groups
- Employees, retirees, and family members of the Eversource Companies, Exelon, and Entergy are eligible for membership.
Family and household
- Relatives and domestic partners of existing members—including spouses, children, siblings, parents, grandparents, and in-laws—are eligible for membership.
Other ways
- Individuals who belong to a religious or social organization located in Essex, Middlesex, Norfolk, Plymouth, or Suffolk counties are eligible to join.
Cost to join
- Membership requires opening a Savings (Share) Account with a $5 deposit.
Branches
7 branches in Massachusetts
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Massachusetts
7 branches
- MPCU-MainMain office29 High St, Medford, MA 02155Directions
- Adams Village494 Gallivan Blvd, Dorchester, MA 02124Directions
- Mass Ave1165 Massachusetts Ave, Dorchester, MA 02125Directions
- Everett650 Broadway, Everett, MA 02149Directions
- Norwood111 Lenox St, Norwood, MA 02062Directions
- Plymouth, Commerce Way53 Commerce Way, Plymouth, MA 02360Directions
- Winchester63 Shore Rd, Ste 11, Winchester, MA 01890Directions
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 | 11.02% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.87% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | -0.49% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $59 | $76 | — |
- CapitalNet worth ratio11.02%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.87%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets-0.49%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$59Peers’ 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 Members Plus Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.