Danvers Municipal Credit Union

About Danvers Municipal Credit Union

Danvers Municipal Credit Union Location

Danvers Town Hall
Danvers, MA 01923

Phone: (978) 777-0001
Website:
Routing/Transit Number: Not Available

Danvers Municipal Credit Union Information

Danvers Municipal Credit Union of Danvers, MA is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 1323 members and assets of $6,268,764, as compared to the national average of $93 million dollars of assets per credit union. Danvers Municipal Credit Union, first opened in 1961 and has been in operation since then. Additionally, Danvers Municipal Credit Union has 3 full time employees and 0 part time employees, or 441 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Danvers Municipal Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Danvers Municipal Credit Union is a not-for-profit, cooperative, tax-exempt organization.