Business Details
48 Years
experience
Your Trusted Credit Union in Marblehead, MA
Marblehead Municipal Employees Federal Credit Union has been dedicated to serving the financial needs of Marblehead Municipal employees and their families since 1978. As a federally insured institution by the National Credit Union Association (NCUA), we prioritize providing reliable savings solutions, competitive loan products, and personalized financial services. Our commitment to community extends to employees of the Marblehead Housing Authority, Marblehead Community Charter Public Schools, and their families.With a board of directors composed of experienced local leaders, we maintain a strong focus on transparency, member satisfaction, and financial education. Our services include regular share accounts, certificates of deposit, individual retirement accounts, and diverse loan options tailored to meet the unique needs of our members. Through decades of service, we have established ourselves as a trusted partner in financial wellness for the Marblehead community.
Services
Savings Accounts
Certificates of Deposit
Personal Loans
Auto Loans
IRAs
RV/Boat Loans
Credit Cards
Education Loans
Bill Payer Loans
Fuel Assistance Loans
Details
- Year established: 1978
Highlights and features
- We offer federally insured savings accounts with competitive interest rates
- We provide personal loans up to $10,000 with flexible terms
- Our auto loan program includes refinancing options for recent vehicles
- We specialize in municipal employee financial needs with local expertise
- Our board includes community leaders with decades of service experience
Associations and certifications
- National Credit Union Association (NCUA)
What people say
Excellent rates
Friendly staff
Quick loan approval
Community-focused
Competitive CD rates
Services
Savings Accounts
Regular Share accounts allow members to earn interest while maintaining liquidity. These federally insured accounts require minimal opening deposits and offer tiered interest rates based on balances. Ideal for everyday savings needs with easy access to funds through checks, ATMs, or in-person transactions.
Certificates of Deposit
Fixed-term certificates provide higher interest rates for members willing to lock in funds. Terms range from short to long durations with predictable returns. Early withdrawal penalties apply, making these ideal for disciplined savers seeking guaranteed growth.
Personal Loans
Flexible personal loans up to $10,000 help members cover unexpected expenses. Co-signer options available for larger amounts. Competitive rates apply with fixed repayment terms, offering financial solutions for emergencies or planned purchases without requiring collateral.
Auto Loans
Specialized financing for new and used vehicles from 2015-2016 models. Competitive rates apply with refinancing options available. Loan terms structured to match vehicle depreciation schedules, ensuring affordable monthly payments for reliable transportation needs.
Fuel Assistance Loans
Direct-payment loans help members cover home heating costs. Funds go directly to fuel providers with flexible repayment terms. Designed to ensure essential home comfort during winter months while maintaining manageable debt obligations for qualifying members.
People
James Gaudette
Manager
James Gaudette oversees daily operations and strategic direction of MMEFCU, bringing extensive experience in municipal finance and community banking to ensure member satisfaction.
Dana Kiernan
Board President
Dana Kiernan leads the board of directors with a focus on maintaining financial stability and expanding services to better serve Marblehead municipal employees and their families.
Tammie James
Assistant Manager
Tammie James supports credit union operations with specialized expertise in member services and loan processing, ensuring efficient delivery of financial solutions to the community.
Questions
Who is eligible to join MMEFCU?
Eligibility includes Marblehead municipal employees, retirees, their families, and employees of affiliated organizations like the Housing Authority and Charter Public Schools.
What loan types are available?
We offer personal loans up to $10,000, auto loans, RV/boat loans, fuel assistance loans, education loans, and bill payer loans with competitive rates.
How do CD rates work?
Certificate rates depend on term length and current market conditions. Visit our website or contact us directly for the most up-to-date rate information.
Are my deposits insured?
Yes, all deposits are federally insured up to $250,000 by the National Credit Union Association (NCUA), a U.S. government agency.
What are office hours?
We're open Tuesday-Thursday 8:30 AM-4:30 PM, Wednesday until 5 PM, and Friday until noon. Closed Monday and Saturday for in-person visits.
