Belmont Municipal Credit Union

About Belmont Municipal Credit Union

Belmont Municipal Credit Union Location

455 Concord Ave
Belmont, MA 02478

Phone: (617) 993-2790
Website:
Routing/Transit Number: Not Available

Belmont Municipal Credit Union Information

Belmont Municipal Credit Union of Belmont, 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 368 members and assets of $2,427,353, as compared to the national average of $93 million dollars of assets per credit union. Belmont Municipal Credit Union, first opened in 1940 and has been in operation since then. Additionally, Belmont Municipal Credit Union has 1 full time employees and 0 part time employees, or 368 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 Belmont 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. Belmont Municipal Credit Union is a not-for-profit, cooperative, tax-exempt organization.