The Industrial Credit Union (ICU) was established in the year 1910. This Massachusetts based community credit union operates under the state charter. The services of Industrial Credit Union are regulated by the Massachusetts Commonwealth’s banking laws.
The main objective of Industrial Credit Union is to provide loans at affordable rates of interests to all its members. The inhabitants of Greater Boston area can apply for the ICU membership.
At present, the Industrial Credit Union has total asset amounting to $119 million and 2,076 members based in Greater Boston.
Financial Products and Services of Industrial Credit Union
The products and services of Industrial Credit Union are designed to meet both the short term and long term financial requirements of the members. The checking and savings accounts of Industrial Credit Union are ideal for daily banking needs. The savings account options of Industrial Credit Union are as follows:
Money Market Accounts
Statement or Passbook
NOWPlus Checking account and Free NOW Checking account are the two checking account options of Industrial Credit Union. The ICU allows its members to deposit as much as $600,000 in any particular checking or savings accounts. The maximum deposit limit for joint ICU account is $1,200,000.
The Industrial Credit Union provides its members with an array of loan options to choose from. The loan products of Industrial Credit Union include the following:
|Home Improvement Loans
First-Time Home Buyer Loans
1st Mortgage Real Estate Loans
2nd Mortgage Real Estate Loans
Auto, Boat or Other Vehicles
Home Equity Lines of Credit
Members can access the online banking service of Industrial Credit Union anytime from any part of the world. The online service includes the facilities like:
Online fund transfer
Online bank statement
Online balance enquiry
Online bill payment
The contact details of Industrial Credit Union are as follows:
Address: One Liberty Square, Boston, MA 02109-4825
Phone number: 617-742-1616
The Industrial Credit Union serves its members from 8 am to 3:30 pm (Monday to Friday).
Last Updated on : 27th June 2013