Danvers Municipal
Danvers Municipal is a credit union based in Danvers, Massachusetts, established in 1961, with $8 million in total assets serving 1,076 members. By Trust Grade it ranks 7th of 122 credit unions we track in Massachusetts. Its net worth ratio of 38.9% is stronger than 98% of similarly sized credit unions, versus a Massachusetts median of 12%. It was profitable over the most recent period, with a 1.55% return on assets. No consumer complaints against Danvers Municipal appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Danvers Municipal compares to Massachusetts peers
How we graded Danvers Municipal
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (38.9% capital ratio)
- Strongly profitable (ROA 1.55%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Danvers Municipal over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Danvers Municipal insured?
Yes. Danvers Municipal is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Danvers Municipal: frequently asked questions
Is Danvers Municipal a good credit union?
Danvers Municipal earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (38.9% capital ratio); Strongly profitable (ROA 1.55%).
Is Danvers Municipal NCUA-insured?
Yes. Danvers Municipal is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Danvers Municipal?
Danvers Municipal holds $8 million in total assets, ranking 7th of 122 credit unions we track in Massachusetts. It serves 1,076 members.
Does Danvers Municipal have CFPB complaints?
No CFPB complaints against Danvers Municipal appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
