Credit union · NCUA insured
New Bedford Credit Union
A $168.6M credit union headquartered in New Bedford, MA, with 10,582 members and 2 branches in Massachusetts. Best rates: CDs 3.85% APY.
New Bedford Credit Union Carrot Score
73
Carrot Score
Higher than 33% of U.S. banks and credit unions
#29 of 44 in Providence, RI-MA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About New Bedford Credit Union
Founded in 1932 by city workers, New Bedford Credit Union is headquartered at 1150 Purchase Street in New Bedford, Massachusetts.
Operating a branch on Dawson Street, the member-owned financial institution serves individuals living, working, or attending school across specified Massachusetts and Rhode Island communities.
- Headquarters
- 1150 Purchase St, New Bedford, MA 02740-6635
- NCUA charter
- 66733
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This may be incomplete or out of date, so check with the credit union before you apply.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
- Persons who live, work, or attend school in Bristol County; specified towns in Plymouth County and Barnstable County, Massachusetts; or Little Compton and Tiverton in Newport County, Rhode Island, are eligible for membership.
Military, government and schools
- Employees of the City of New Bedford, including pensioned employees of the Credit Union, are eligible for membership.
Family and household
- Family members of qualifying city/credit union employees and family members of qualifying geographic individuals are eligible for membership.
Branches
2 branches in Massachusetts
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Massachusetts
2 branches
- New Bedford Credit UnionMain office1150 Purchase St, New Bedford, MA 02740Directions
- New Bedford Credit Union120 Dawson St, New Bedford, MA 02745Directions
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 | 11.01% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.44% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.72% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $77 | $76 | — |
- CapitalNet worth ratio11.01%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.44%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.72%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$77Peers’ 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 New Bedford Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.