Lexington MA Federal Credit Union

What Lexington MA Federal Credit Union does

Common Trust Federal Credit Union, operated under the referenced Lexington MA Federal Credit Union umbrella, is a federally chartered, member-owned cooperative credit union headquartered at 8 Cedar St, Woburn, Massachusetts. It provides a full suite of retail banking products to individual consumer members in the Woburn, MA area, including share/savings accounts, share-draft checking, a Student Package, certificates of deposit, vehicle loans, personal loans (including a promotional 7.99% APR computer loan up to $3,000), real estate mortgages, a Mastercard credit card, and the specialized Mass Save HEAT Loan for residential energy-efficiency upgrades. Member services extend to bill pay, e-statements, online banking via the OMNICOMM-powered platform (woburn.ns3web.org), insurance referrals, financial calculators, and a financial education center. Routing number is 211386953, and the credit union is federally insured by the National Credit Union Administration (NCUA) up to $250,000 with supplemental coverage from the Massachusetts CU Share Insurance Corporation.

The distribution model combines a single physical branch with a digital self-serve layer that includes online loan origination (NSLoan), online membership enrollment (NSJoin), and access to the CO-OP shared branching and surcharge-free ATM network. Card security is delivered through CardNav by CO-OP, allowing members to monitor and control card usage. The institution is tiny — 1-10 employees — and operates as a not-for-profit cooperative, with revenue (net interest margin, fee income) not publicly disclosed. Marketing is conducted through website content, promotions (summer CDs, tech upgrade loans), and community engagement; no other branches, M&A activity, or geographic expansion beyond the regional Woburn, MA footprint is evident in the source material.

Business model mechanics are typical of small community credit unions: deposit-gathering from members at competitive share/savings and CD rates, cross-subsidized consumer and real-estate lending at member-friendly rates (subject to creditworthiness), interchange and fee income from deposit accounts and the Mastercard offering, and ancillary commission/ referral income from insurance, tax preparation, and financial education partnerships. Ownership is cooperative: one-member-one-vote, with a volunteer board and supervisory committee elected at the annual meeting. There are no institutional investors, no parent company, and no disclosed subsidiaries.

Name

Lexington MA Federal Credit Union

Legal name

Common Trust Federal Credit Union

Website

https://lexmafcu.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Common Trust Federal Credit Union is a federally chartered, member-owned cooperative credit union in Woburn, Massachusetts, providing retail banking services — deposits, consumer loans, vehicle loans, real estate financing, and credit cards — to individual consumer members in the regional Woburn area.

Ownership category

akta.pro rank

Product category

Retail Banking (Credit Union)

NAICS

Credit Unions (52213), Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industry

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Consumer banking services
• Share savings accounts
• Consumer loan products
• Credit card services
• Online bill pay

Headquarters

HQ city

Lexington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Distribution channels3 records

Marketing channels1 record

Core offering

Lexington MA Federal Credit Union is a federally insured, member-owned credit union providing personal banking and consumer lending products to individual members. Core offerings include share/savings and checking (share draft) accounts, certificates of deposit, vehicle loans, personal loans (including a 7.99% APR tech/computer loan promotion), a Mastercard credit card, real estate mortgages, and the Mass Save HEAT Loan for energy-efficiency home improvements. Members access services via a single Woburn, MA branch, online/mobile banking, and the CO-OP shared ATM and branch network.

Product overview

Common Trust FCU offers a unified banking platform providing traditional credit union services including deposit accounts (savings and checking), consumer lending (vehicle loans, personal loans, real estate mortgages, and credit cards), and digital banking tools (bill pay, e-statements, and online services). The product portfolio also includes specialized offerings such as a student banking package, a Mass Save HEAT Loan for energy efficiency upgrades, and card security services through CardNav by CO-OP. The core offering centers on membership-based financial services with competitive rates on deposits and loans, supplemented by financial education resources and insurance products.

Differentiator

Problem solved

Functional benefit

Products and services

• Share/Savings Accounts Basic share (savings) accounts that allow members to deposit and save funds, earning interest on balances, available to credit union members.
• Share Draft / Checking Day-to-day checking (share draft) account with draft capabilities for managing everyday finances, available to credit union members.
• Student Package Banking package designed for students, combining savings and checking accounts with student-friendly terms and features.
• Vehicle Loans Auto financing loans for the purchase of new or used vehicles, offered to members at competitive interest rates.
• Personal Loans Unsecured personal loans for a range of member needs, including a promoted 7.99% APR tech-upgrade loan for computer purchases.
• Mastercard Credit Card Revolving credit card issued over the Mastercard network for member purchases and balance carry-over.
• Real Estate Loans Mortgage and real estate financing products for home purchases and refinancing, offered to members.
• Mass Save HEAT Loan Specialized loan product for energy-efficiency home improvements, offered in partnership with the Mass Save program for eligible members.
• Online Bill Pay Online bill payment service that lets members pay recurring bills and utilities electronically through the online banking platform.
• e-Statements Electronic statement delivery service that replaces paper statements with digital account documents accessible through online banking.
• Insurance Insurance product referrals and access to coverage options to help members protect their financial well-being.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• CO-OPcoreTechnology or IntegrationCO-OP provides the CardNav card management service allowing members to monitor and control their debit/credit cards. Also provides access to CO-OP's shared ATM network for surcharge-free cash access.
• NCUA (National Credit Union Administration)coreOthersFederal regulatory agency that federally insures credit union deposits up to $250,000. Provides the regulatory framework and oversight for the credit union.
• Massachusetts CU Share Insurance CorporationcoreOthersProvides additional share insurance coverage beyond NCUA limits for Massachusetts credit union members.

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Cambridge Savings Bank: Massachusetts-based mutual community bank with consumer banking, mortgages, and deposit products. Comparable as a Massachusetts community-focused depository institution competing for similar retail member relationships.
• Rockland Trust: Massachusetts-headquartered community bank offering consumer deposit, lending, and mortgage products across the same New England geography. Comparable in customer base and product scope, though structured as a bank rather than a credit union.
• Digital Federal Credit Union: One of the largest credit unions in Massachusetts with a full retail and consumer lending product set. Directly comparable because it competes for the same Massachusetts retail deposit and consumer loan market as Common Trust FCU, but at substantially greater scale and digital sophistication.
• Navy Federal Credit Union: Largest U.S. credit union serving a defined membership community with comprehensive consumer banking and lending products. Comparable as a federally chartered, member-focused credit union, but at vastly greater scale and digital sophistication.
• East Cambridge Savings Bank: Massachusetts-based mutual savings bank serving similar New England retail consumers with deposit and lending products. Comparable in geographic market and retail customer focus, but operates as a bank rather than a credit union.

Direct peers

• St. Mary's Bank: Federally chartered community credit union (Manchester, NH) offering full consumer banking and lending products. Comparable in cooperative structure, federal charter, and community-served model.
• Bethpage Federal Credit Union: Long Island-based federal community credit union with a similar community-charter, consumer-deposit, and consumer-lending business model. Highly comparable in operating structure, member focus, and product breadth.
• Hanscom Federal Credit Union: Federal credit union serving the Hanscom Air Force Base community in Massachusetts. Highly comparable as a federally chartered community-based credit union with consumer banking and lending products targeted at a defined local membership.
• Metro Credit Union: Massachusetts-based community credit union offering a similar full suite of consumer banking, deposit, and loan products. Closely comparable in business model, member focus, and regional scope to Common Trust FCU.

Emerging players

• Alliant Credit Union: Digital-first credit union with national reach and strong mobile/member technology. Comparable as a federally insured credit union competitor for retail deposits and consumer loans, but with materially stronger digital capabilities and lower geographic concentration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lexington MA Federal Credit Union