Members Plus Credit Union

About Members Plus Credit Union

Members Plus Credit Union Location

111 South Street
Somerville, MA 02143

Phone: (781) 905-1524
Website: MEMBERSPLUSCU.ORG
Routing/Transit Number: Not Available

Members Plus Credit Union Information

Members Plus Credit Union of Somerville, 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 9824 members and assets of $192,366,203, as compared to the national average of $93 million dollars of assets per credit union. Members Plus Credit Union, first opened in 1940 and has been in operation since then. Additionally, Members Plus Credit Union has 34 full time employees and 7 part time employees, or 239.609756098 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 Members Plus 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. Members Plus Credit Union is a not-for-profit, cooperative, tax-exempt organization.