Lynn Municipal Employees Credit Union

About Lynn Municipal Employees Credit Union

Lynn Municipal Employees Credit Union Location

3 City Hall Square, Room 104
Lynn, MA 01904

Phone: (781) 586-6761
Website:
Routing/Transit Number: Not Available

Lynn Municipal Employees Credit Union Information

Lynn Municipal Employees Credit Union of Lynn, 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 475 members and assets of $1,714,132, as compared to the national average of $93 million dollars of assets per credit union. Lynn Municipal Employees Credit Union, first opened in 1941 and has been in operation since then. Additionally, Lynn Municipal Employees Credit Union has 0 full time employees and 3 part time employees, or 158.333333333 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 Lynn Municipal Employees 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. Lynn Municipal Employees Credit Union is a not-for-profit, cooperative, tax-exempt organization.