Credit union · NCUA insured
Shrewsbury Federal Credit Union
A $247.6M credit union headquartered in Shrewsbury, MA, with 9,664 members and 1 branch in Massachusetts. Best rates: CDs 4.23% and savings 0.10% APY.
Shrewsbury Federal Credit Union Carrot Score
70
Carrot Score
Higher than 27% of U.S. banks and credit unions
#28 of 41 in Worcester, MA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Shrewsbury Federal Credit Union
Shrewsbury Federal Credit Union is a member-owned institution founded in 1960 and headquartered in Shrewsbury, Massachusetts.
Established as The Shrewsbury Municipal Employees Federal Credit Union, it expanded eligibility to Boylston, West Boylston, and postal workers in 1985 before opening to all residents and renaming in 2003.
Following a 2013 expansion, the credit union serves 12 communities across central Massachusetts, including Shrewsbury and Worcester.
- Headquarters
- 489 Boston Tpke, Shrewsbury, MA 01545
- NCUA charter
- 13601
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This may be incomplete or out of date, so check with the credit union before you apply.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, work, worship, or attend school in Berlin, Boylston, Clinton, Grafton, Holden, Millbury, Northborough, Shrewsbury, Sterling, Westborough, West Boylston, or Worcester are eligible for membership.
Cost to join
- Opening a $5 savings/share account is required to join the credit union.
Branches
1 branch in Massachusetts
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Massachusetts
1 branch
- Shrewsbury Federal Credit UnionMain office489 Boston Turnpike, Shrewsbury, MA 01545Directions
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 | 8.72% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.35% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.90% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $47 | $76 | — |
- CapitalNet worth ratio8.72%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.35%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.90%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$47Peers’ 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 Shrewsbury 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.