Business Details
48 Years
experience
Your Trusted Credit Union in Marblehead, MA
Marblehead Municipal Employees Federal Credit Union was established in 1978 to serve the financial needs of Marblehead Municipal employees and their families. We operate as a federally insured credit union under the National Credit Union Administration, providing a wide range of financial services tailored to our members. Our field of membership includes town employees, elected officials, housing authority staff, and their immediate family members. With decades of experience serving the local community, we maintain a strong commitment to personalized service and financial education. Our team of dedicated professionals works to ensure competitive rates on savings products, certificates of deposit, and various loan options.We prioritize transparency in all financial transactions and maintain strict adherence to federal regulations. Our board of directors, composed of experienced local leaders, guides our strategic direction while ensuring accountability to members. Located in the Mary Alley Building, we offer convenient in-person services by appointment and during designated business hours. Through our comprehensive service offerings, we aim to strengthen the financial well-being of our community members. Our long-standing reputation for reliability and member-focused service continues to make us a trusted financial institution in Marblehead.
Services
Savings Accounts
Certificates of Deposit
IRA Accounts
Personal Loans
Auto Loans
RV/Boat Loans
Credit Cards
Education Loans
Bill Payer Loans
Fuel Assistance Loans
Details
- Year established: 1978
Highlights and features
- We offer federally insured financial products since 1978
- Our team provides personalized service to local government employees
- We maintain competitive interest rates on savings and loans
- Our board includes experienced local financial professionals
- We offer specialized loan programs for municipal workers
Associations and certifications
- National Credit Union Administration (NCUA)
Services
Personal Loans
Personal loans up to $10,000 for individual members or $20,000 with a co-signer provide flexible financing options for unexpected expenses. These unsecured loans require no collateral while maintaining competitive interest rates. Our lending specialists work with members to determine appropriate loan terms based on creditworthiness and financial needs.
Auto Loans
New and used vehicle financing programs offer competitive rates for 2015-2016 model years and newer. Our auto loan specialists help members navigate financing options for both new purchases and refinancing existing vehicle loans. We provide personalized rate comparisons and flexible repayment terms.
Certificates of Deposit
Fixed-term certificates of deposit allow members to earn higher interest rates while keeping funds secure. These time deposit accounts offer various term lengths with guaranteed returns. Our CD rates remain competitive while maintaining the security of federal insurance through NCUA.
Fuel Assistance Loans
Specialized loans for home heating fuel payments provide critical support during colder months. These direct-pay loans go directly to fuel companies to ensure timely payment. The program helps members manage seasonal energy costs with manageable repayment terms.
Bill Payer Loans
Bill payment loans help members consolidate multiple debts into a single manageable payment. Funds go directly to creditors while providing simplified repayment terms. This service helps improve cash flow management through consolidated debt servicing.
People
James Gaudette
Manager
James Gaudette oversees daily operations and strategic direction of the credit union. With extensive experience in financial services, he ensures members receive quality banking solutions. He manages staff development and maintains regulatory compliance while focusing on community financial education.
Tammie James
Assistant Manager
Tammie James supports credit union operations as assistant manager. She assists members with account management and loan applications while training staff on financial products. Her focus remains on improving customer service and streamlining banking processes for members.
Dana Kiernan
Board President
Dana Kiernan leads the board of directors in setting strategic priorities for the credit union. As board president, he ensures financial stability and member-focused governance. His leadership guides policy decisions while maintaining community banking values.
Questions
Who can join Marblehead Municipal Employees Federal Credit Union?
Eligible members include Marblehead town employees, elected officials, housing authority staff, and their immediate family members. Retirees and employees of the Marblehead Community Charter Public Schools also qualify.
What loan products do you offer?
We provide personal loans, auto financing, RV/boat loans, credit card loans, education loans, bill payer loans, and fuel assistance programs with competitive interest rates.
Are my deposits insured?
Yes, all deposits remain federally insured up to $250,000 through the National Credit Union Administration (NCUA), providing secure banking for our members.
What are your office hours?
We operate by appointment on Mondays, 8:30 AM - 11:30 AM and 12:30 PM - 4:30 PM Tuesday/Thursday, 8:30 AM - 11:30 AM and 12:30 PM - 5:00 PM Wednesday.
How do I apply for a loan?
Download our loan application from the website, complete both sides, and return it to our office. Our lending specialists will review your application and contact you promptly.
