Millbury Credit Union Worcester MA | Affordable Auto Loans & Business Banking

Introduction

Welcome to Millbury, your trusted financial partner located at 117 Stafford St Ste B, Worcester, MA 01603. Since our establishment in 1934, we have been dedicated to serving our community with personalized banking solutions. With a strong membership of over 30,986, we pride ourselves on being more than just a credit union; we're a community hub where members can find support and guidance for their financial journeys. At Millbury, we understand that every dollar counts. That's why our total assets amount to an impressive $489,081,892, ensuring that we are well-equipped to meet your financial needs. Whether you're looking for auto loans, mortgages, or personal loans, we've got you covered with a total loan portfolio of 9,619 loans and leases. Our commitment extends beyond just lending; we maintain total deposits of $39,012,311 and a robust net worth of $42,809,920, reflecting our stability and dedication to our members. Our leadership team is here to serve you. Under the guidance of CEO Joseph Barbato and Board President E. Bernard Plante, we aim to foster trust and transparency in all our interactions. Our dedicated staff of 97 employees is always ready to assist you with friendly service that makes banking a breeze. While members can visit us at our branch location in Worcester, official correspondence should be sent to the same address: 117 Stafford St Ste B, Worcester, MA 01603-1478. If you have any questions or need assistance, feel free to call us at 508-860-7500 or send a fax to 508-865-8701. Join us today and experience the Millbury difference! Visit our website at Millbury Credit Union for more information on how we can help you achieve your financial goals. We look forward to welcoming you into our family!

Branch History & Mission

Community Engagement

Millbury takes pride in being an integral part of the Worcester community. We actively engage in various outreach programs aimed at fostering economic development and enhancing the quality of life for residents. By partnering with local organizations and initiatives, we ensure that our efforts have a meaningful impact on those we serve. With ADA-compliant facilities and digital advancements like e-statements and person-to-person payment options, we work hard to ensure that everyone can benefit from our services without barriers.

Join Us Today!

As we look back on nearly nine decades of service, we remain committed to evolving with the needs of our members while staying true to our core values. If you are looking for a financial partner that prioritizes your well-being and offers tailored solutions, consider becoming a member of Millbury today. Visit us at Millbury Credit Union or call us at 508-860-7500 to learn more about how we can help you achieve your financial goals!

Our Mission

At Millbury, our mission is clear: to provide exceptional financial services while supporting and uplifting our community. We aim to empower our members through personalized banking solutions that cater to their unique needs. From personal banking options such as checking and savings accounts to auto loans and mortgage financing, we strive to make financial management easy and accessible for everyone. We understand the importance of adapting to modern times. That's why we offer online banking services and mobile applications for convenient account access anytime, anywhere. Our commitment extends beyond mere transactions; we focus on building lasting relationships with our members by providing guidance and support throughout their financial journeys.

Branch Location & Accessibility

Convenient Access

At Millbury, we prioritize your convenience. Our branch features ample parking and is designed with accessibility in mind, ensuring that everyone can enjoy our services without hassle. Plus, if you need to reach us by mail, official correspondence should be sent to the same address 117 Stafford St Ste B, Worcester, MA 01603-1478.

Get In Touch!

If you have questions or want to learn more about how we can serve you better, don't hesitate to give us a call at 508-860-7500. We look forward to welcoming you at our Worcester branch! Come visit us today and see how Millbury can help you achieve your financial goals.

Operating Hours

We understand that your time is valuable. That's why our doors are open Monday through Wednesday from 9:00 AM to 4:00 PM, Thursday until 6:00 PM, Friday until 5:00 PM, and Saturday from 9:00 AM to 12:00 PM. Whether you're a busy professional or a student juggling classes, our extended hours make it easy for you to visit us when it suits you best.

Services Offered

Millbury offers a range of services designed to meet your financial needs. From checking and savings accounts to auto loans and mortgage refinancing, we have options tailored just for you. Need cash on the go? Our ATM services are available for easy withdrawals and balance checks. For those preferring a more personal touch, we also provide drive-thru banking for deposits and simple transactions.

Member Eligibility

At Millbury, we believe that becoming a member means joining a community where you're valued and supported. If you're looking to become part of our family, it's simple! To be eligible, you just need to live, work, worship, or attend school in Worcester County. We welcome individuals from all walks of life and are dedicated to helping you reach your financial goals. For a detailed look at the eligibility criteria, feel free to visit our website at https://www.millburycu.com/membership/. Once you're ready to take the next step, opening an account is easy and can be done online or in person at our branch located at 117 Stafford St Ste B Worcester Ma 01603. If you have any questions or need assistance, don't hesitate to call us at (508) 860-7500. We're excited to have you join us at Millbury and look forward to supporting your financial journey!

Business Banking & Commercial Services

Commercial Loans for Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $110 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $9 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $43,302,407, we continue to drive economic growth by financing new and expanding businesses.

Practical Merchant Services

In addition to loans, we offer merchant services designed to simplify daily operations. Imagine being able to accept payments seamlessly at your storefront or online, helping you serve customers better while managing cash flow efficiently. Our services give you the tools needed to thrive in today's competitive market. Visit us at 117 Stafford St Ste B Worcester Ma 01603 in Worcester, MA, or call us at (508) 860-7500 to learn more about how our business banking solutions can help turn your vision into reality!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Thinking about purchasing a new car? At Millbury, we offer competitive auto loans and vehicle financing options that can fit any budget. With flexible terms and low rates, you can drive away with the vehicle of your dreams without breaking the bank.

Business Banking

For our entrepreneurial members, we provide comprehensive business banking services including merchant services and business loans. Whether you're starting a new venture or expanding an existing one, we have tailored solutions to support your business needs.

Convenient Access and Support

We know that managing finances should be easy. That's why we offer ATM and cash withdrawal services at convenient locations. If you prefer in-person assistance, our drive-thru banking allows for quick deposits, withdrawals, and simple transactions without leaving your car. At Millbury, we aim to create a welcoming environment where members feel valued and supported in their financial journey. If you're ready to explore these services further or have questions about how we can assist you, don't hesitate to reach out! Call us at (508) 860-7500 or visit us online at Webster Square. Your financial success starts here!

Credit Cards with Rewards

Reward yourself with our credit cards that come with great benefits! Earn points on everyday purchases that can be redeemed for travel, merchandise, or even cash back. It's an easy way to make your spending work for you.

Mortgage Loans & Refinancing

Homeownership is within reach! Our mortgage loans make buying a home straightforward, while our refinancing options can help you lower your monthly payments or access equity in your home. We understand that every situation is unique, so we work closely with you to find the best solution.

Personal Banking

Whether you're opening your first checking account or looking for ways to save, our personal banking services cater to all stages of life. Our checking and savings accounts are designed to help you manage your money effectively, making it easy to access funds whenever you need them. Imagine being able to quickly check your balance or transfer funds right from your phone through our online and mobile banking platforms it's that simple!

Personal Loans & Debt Consolidation

Need some extra cash for a big purchase or want to consolidate debt? Our personal loans offer a straightforward way to get the funds you need. With reasonable rates, we can help simplify your finances by combining multiple debts into one manageable payment.

Digital & Online Banking

Accessibility and Ease-of-Use

Using our online banking services means you can stay on top of your finances without any stress. Our user-friendly interface is designed with you in mind whether you're tech-savvy or just getting started with digital banking. You'll find it simple to navigate through various features tailored to help you manage your money effectively. In short, at Millbury, we're committed to providing accessible and efficient banking solutions that empower you to take charge of your financial life. Discover all the ways we can support you by visiting us online at https://www.millburycu.com/!

Key Features

One of the standout features is our mobile application, which allows you to manage your accounts right from your smartphone. Whether you're checking balances, making payments, or transferring money between accounts, our app makes it easy and efficient. Plus, if you need to send money to friends or family, our person-to-person transfer feature allows for quick and hassle-free transactions. For those who prefer going paperless, we provide e-statements that let you view your account statements online whenever you need them. This not only helps reduce clutter but also enhances security by minimizing the risk of sensitive information getting lost in the mail. While we currently do not offer electronic signature authorization or mobile payments, rest assured that our online banking platform prioritizes security with robust measures in place. Your data protection is vital to us.

Financial Strength

Member-Focused Savings Solutions

Members' savings are secured through $139,407,273 in share certificates and $34,161,552 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $1,594,569 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 81 full-time employees and 16 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvestment for Growth

With $40,981,779 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals across various sectors with $4,306 in used auto loans and $361,602,930 in total loans and leases.

Strong Capital Base

With a net worth of $42,809,920, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $875 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Trust Built on Experience

Our commitment to you is reflected not only in our numbers but also in the relationships we've built over time. With a growing member base of 34,933 who trust us with their finances, we strive to be more than just a credit union we aim to be your trusted partner on your financial journey. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Millbury is your trusted partner. Visit us at 117 Stafford St Ste B Worcester Ma 01603 or call (508) 860-7500 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $72,136,955 in used vehicle loans and $35,086,199 in new vehicle loans already helping members get on the road. Whether you're interested in a brand-new model or a reliable used vehicle, we provide flexible terms that can suit your budget.

Commercial Loans

For business owners, our outstanding commercial loans totaling $43,302,407 provide the capital needed to grow and expand your business. We understand the unique challenges faced by small businesses and are committed to supporting their success through tailored loan solutions.

Credit Lines and Personal Financing

For those looking for additional flexibility, our total credit lines available amount to $197,406,700. This option allows you to manage unexpected expenses or consolidate debt effectively. Additionally, we offer unsecured credit card loans, providing you with a total of $0 in financing options to help you manage your finances without collateral.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $17,247,676, make buying or refinancing simple. We provide personalized assistance to help you navigate your mortgage choices, ensuring you feel confident every step of the way.

Refinancing Options

If you're considering refinancing any existing loans, our team can assist you with competitive rates and terms designed to save you money over time. We believe that everyone should have access to manageable financing solutions. We invite you to learn more about our loan products by visiting us at Millbury or calling us at (508) 860-7500. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Your financial future is important to us, and we're here to support you with every step toward achieving your goals.

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Millbury