☰

Home›
Credit Unions›
Mills42 Federal Credit Union

iAdvertiser Disclosure

Mills42 Federal Credit Union Rates & Review September 2026

Q: Is a member application needed to join Mills42 Federal Credit Union?

Yes, to access services at Mills42 Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Mills42 Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: September 4, 2026

Mills42 Federal Credit Union's 5-Month CD Limited-Time Special rates are at 3.75%. Mills42 Federal Credit Union's Personal Loan Rates are at 4.49%. MonitorBankRates evaluates the financial stability of Mills42 Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 0.18%. Rates last updated and verified on 09/04/2026.

Mills42 Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Mills42 Federal Credit Union? Share your experience about Mills42 Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Mills42 Federal Credit Union.

Verified Healthy 2026 Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 100/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

0.18%

Excellent Lower than avg

Health Trend

Very strong 12 quarters

Full history ›

Mills42 Federal Credit Union
Mills42 FCU

83 Merrimack St
Lowell, MA 01852

https://www.mills42fcu.com

Mills42 Federal Credit Union CD Rates

Product	Rate	APY	Term	View More
5-Month Certificate Limited-Time Special	-	3.75%	5 months
Min Deposit $500 Details APY is the Annual Percentage Yield. Highest dividend rates require eStatements. Without eStatements, our lower standard rate will apply, inquire within for other rates. Rates are subject to change without notice. Once a certificate is issued, the rate will remain in effect for the term of the certificate. Dividends are compounded daily and posted monthly and at maturity date. Dividend penalties may apply for early withdrawals. Refer to the Mills42 FCU Fee Schedule and Certificate Account Disclosure and Agreement. Member eligibility is required. Last Updated 09/04/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.18%

Mills42 Federal Credit Union Checking Rates

Product	Rate	APY
Rewards Checking	-	1.50%
Min Balance $10,000 Details 0.20% APY over $10,000 Last Updated 09/04/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.18%
Rewards Checking	-	0.20%
Min Balance $10,000 Last Updated 09/04/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.18%

Mills42 Federal Credit Union Home Equity & HELOC

Product	Rate	Points	APR	Term	View More
Home Equity Loans	-	-	5.99%
Details Rates listed reflect a 1.00% APR discount for account relationship pricing. To qualify for this discount, one of the following is required: 1) An active Mills42 FCU checking account with a minimum of twenty (20) debit card transactions monthly or eight (8) electronic debit/credit transactions monthly. Maintaining a qualifying Rewards Checking Account will also satisfy this requirement. 2) Direct Deposit to pay loan (automatic distribution of direct deposit to satisfy monthly loan payments). 3) An existing loan with Mills42 that has a current balance (excludes VISA Credit Card and overdraft protection). All rates and fees are subject to change without notice. Some restrictions may apply. Member eligibility is required. Last Updated 09/04/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.18%

Mills42 Federal Credit Union Auto Loan Rates

Product	Rate	Points	APR	Term	View More
Auto Loans	-	-	4.49%
Details Rate listed reflect a 1.00% APR discount for account relationship pricing. Rates are determined by your personal credit history, loan term, and statement settings. To qualify for this discount, you must be enrolled in eStatements, without eStatements rate is 1.00% higher. Other rates and terms available. Member eligibility is required. Last Updated 09/04/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 0.18%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Financial Health History

Mills42 Federal Credit Union’s Texas Ratio stayed near 0.40% in Q2 2023 to 0.18% in Q1 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier; the amber line marks the 15% level a credit union must stay under to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy threshold

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
March 31, 2026	$32M	0.18%	5.0	A+
December 31, 2025	$31M	0.12%	5.0	A+
September 30, 2025	$30M	0.25%	5.0	A+
June 30, 2025	$30M	0.03%	5.0	A+
March 31, 2025	$30M	6.98%	5.0	A
December 31, 2024	$29M	7.38%	5.0	A
September 30, 2024	$28M	8.10%	5.0	A
June 30, 2024	$28M	0.32%	5.0	A+
March 31, 2024	$27M	1.14%	5.0	A+
December 31, 2023	$27M	1.37%	5.0	A+
September 30, 2023	$27M	0.45%	5.0	A+
June 30, 2023	$27M	0.40%	5.0	A+

Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Mills42 Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Mills42 Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Mills42 Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Mills42 Federal Credit Union

Website https://www.mills42fcu.com

Address 83 Merrimack St, Lowell, MA 01852

Phone 978-328-5100

Fax 978-458-8933

President Amy Fellows

CEO Derek Cronin

Full-Time Employees 6

Part-Time Employees 2

Branch Locations 2

ATM Locations 1

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (100/100)

Texas Ratio

0.18%

Return on Assets (ROA)

0.1686%

Return on Equity (ROE)

1.4606%

Non-Performing Loans Ratio (NPL)

0.03%

Total Assets

31,892,948

Total Amount of Shares and Deposits

27,988,677

Total Shares and Deposits < 1 Year

27,444,425

Total Shares and Deposits 1 3 Years

544,253

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

2,007,585

Total Uninsured Shares and Deposits > $250K (F+J)

2,097,708

Total Insured Shares and Deposits > $250K (item 17 less item K)

25,890,969

Total Interest Expense (Sum of items 6 8)

131,695

Share Certificates

212

Number of Accounts for Share Drafts

1,386

IRA KEOGH Accounts

Number of Accounts for Regular Shares

3,288

Non Member Deposits

Money Market Shares

Net Income (unless the amount is already included in Undivided Earnings)

53,783

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

6,388,042

Total Liabilities

28,210,905

Source: NCUA — Last Updated 03/31/2026

2026 MBR Health & Safety Badge

Mills42 Federal Credit Union earned the Verified Healthy badge

Display this badge on your website to show visitors your 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates — no need to download or upload anything.

<a href="https://www.monitorbankrates.com/credit-unions/mills42-federal-credit-union-rates-review-12666">
  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-c-2026.svg"
       alt="MonitorBankRates Verified Healthy Badge 2026"
       width="160" height="160">
</a>

Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

There are no reviews for Mills42 Federal Credit Union yet. Feel free to create one below.

Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.

Average Rating

☆☆☆☆☆

Total Reviews

Add Your Rating and Review for Mills42 Federal Credit Union

Frequently Asked Questions About Mills42 Federal Credit Union

How many branches does Mills42 Federal Credit Union operate?

Mills42 Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Mills42 Federal Credit Union?

Yes, to access services at Mills42 Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Mills42 Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Mills42 Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Mills42 Federal Credit Union offer online and mobile banking?

Most modern institutions like Mills42 Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.mills42fcu.com.