Gloucester Municipal Credit Union

About Gloucester Municipal Credit Union

Gloucester Municipal Credit Union Location

City Hall, 9 Dale Ave
Gloucester, MA 01930

Phone: (978) 283-1345
Website:
Routing/Transit Number: Not Available

Gloucester Municipal Credit Union Information

Gloucester Municipal Credit Union of Gloucester, 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 588 members and assets of $1,620,037, as compared to the national average of $93 million dollars of assets per credit union. Gloucester Municipal Credit Union, first opened in 1941 and has been in operation since then. Additionally, Gloucester Municipal Credit Union has 1 full time employees and 2 part time employees, or 196 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 Gloucester 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. Gloucester Municipal Credit Union is a not-for-profit, cooperative, tax-exempt organization.