TellerScore

Headquartered in Lowell, Massachusetts, Mills42 Federal Credit Union is a federal credit union with $31.5M in total assets and $27.5M in member shares and deposits as of Q2 2026. It operates 1 office. Its charter dates back to 1958.

Mills42 Federal Credit Union has a TellerScore of 73 out of 100 (strong) based on Q2 2026 data — higher than only 47% of its 2,479 credit unions with under $100 million in assets. Among 121 credit unions headquartered in Massachusetts, it ranks 55th. Problem-loan coverage contributes the most (93/100, 3.3%); earnings contributes the least (51/100, 0.79%).

TellerScore · Q2 2026

Scorecard

Capital cushion69/100
Net worth ratio: 11.91%
Loan quality80/100
Loans 60+ days delinquent ÷ total loans: 0.61%
Earnings51/100
Return on assets (annualized): 0.79%
Funding & liquidity88/100
Loans ÷ shares: 72.7% · 6.3% uninsured
Problem-loan coverage93/100
Delinquent loans + foreclosed assets ÷ (net worth + loan-loss reserves): 3.28%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score fell 6 points (79 → 73), mostly because the loan quality component weakened by 20 points.

TellerScore
647280Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202474
Q3 202465
Q4 202464
Q1 202565
Q2 202579
Q3 202579
Q4 202580
Q1 202677
Q2 202673
Net worth ratio
7.00%9.46%11.91%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNet worth ratio
Q2 202411.31%
Q3 202411.88%
Q4 202411.44%
Q1 202511.18%
Q2 202511.58%
Q3 202511.61%
Q4 202511.64%
Q1 202611.55%
Q2 202611.91%
Delinquent loans (60+ days)
0.00%0.65%1.30%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterDelinquent loans (60+ days)
Q2 20240.05%
Q3 20241.30%
Q4 20241.19%
Q1 20251.20%
Q2 20250.00%
Q3 20250.04%
Q4 20250.02%
Q1 20260.03%
Q2 20260.61%
Return on assets
0.67%0.85%1.02%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.74%
Q3 20240.93%
Q4 20240.78%
Q1 20250.74%
Q2 20250.90%
Q3 20250.98%
Q4 20251.02%
Q1 20260.67%
Q2 20260.79%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202673$31.5M11.91%0.61%0.79%72.7%
Q1 202677$31.9M11.55%0.03%0.67%71.0%
Q4 202580$31.2M11.64%0.02%1.02%74.9%
Q3 202579$30.5M11.61%0.04%0.98%77.1%
Q2 202579$29.7M11.58%0.00%0.90%76.6%
Q1 202565$30.1M11.18%1.20%0.74%75.4%
Q4 202464$28.9M11.44%1.19%0.78%83.9%
Q3 202465$27.6M11.88%1.30%0.93%88.0%
Q2 202474$28.2M11.31%0.05%0.74%86.6%

2,479 peers · Under $100 million in assets

How it compares with peers

Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio11.91%
31st
Problem loans0.61%
54th
Net charge-offs0.07%
61st
Return on assets0.79%
57th
Loans to deposits72.7%
29th
Uninsured deposits6.3%
16th
Loan-loss reserves0.00%
37th
Texas ratio3.3%
41st

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Deposit insurance

Is my money safe at Mills42 Federal Credit Union?

Yes. Mills42 Federal Credit Union is a federally insured credit union (NCUA charter #12666). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

An estimated 6.3% of shares and deposits ($1.7M) are above the $250,000 NCUA insurance limit, above the peer median of 1%. Insured balances are protected regardless of the score.

The net worth ratio is 11.91%, above the 7% level regulators use as the "well capitalized" benchmark for this measure.

Check how much of your own balance is covered

1 location

Branches

Mills42 Federal Credit Union lists 1 office in 1 city. Most locations:

All branch addresses and map

Identity & history

Profile

Legal name
Mills42 Federal Credit Union
Type
Federal credit union
NCUA charter #
12666
RSSD ID
211981
Primary regulator
NCUA
Established
1958
Headquarters
83 Merrimack St, Lowell, MA 01852
Employees
8

Quick answers

Mills42 Federal Credit Union: common questions

Is Mills42 Federal Credit Union NCUA insured?

Yes. Mills42 Federal Credit Union is a federally insured credit union (NCUA charter #12666). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

What is Mills42 Federal Credit Union's TellerScore?

73 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

How many branches does Mills42 Federal Credit Union have?

1 office as of the latest NCUA data.

Nearby

Highest-scoring banks and credit unions with branches near Lowell

InstitutionScoreAssetsCapitalProblem loansCompare
Cambridge Municipal Employees Federal Credit UnionCredit union Cambridge, MA97 out of 100, Very strong$10.2M24.8%0.12%vs
Alpha Credit UnionCredit union Boston, MA97 out of 100, Very strong$35.1M18.8%0.14%vs
Fidelity Personal Trust Company, FSBBank Merrimack, NH93 out of 100, Very strong$74.6M101.5%0.00%vs
Cambridge Firefighters Federal Credit UnionCredit union Cambridge, MA92 out of 100, Very strong$14.2M25.8%0.27%vs
Somerville Mass Firefighters Federal Credit UnionCredit union Somerville, MA92 out of 100, Very strong$7.4M19.6%0.00%vs
Billerica Municipal Employees Credit UnionCredit union Billerica, MA91 out of 100, Very strong$23.6M17.8%0.00%vs