Stoneham Municipal Employees Federal Credit Union

Stoneham Municipal Employees Federal Credit Union is a community credit union whose mission is to help members reach a measure of personal financial success through education and a reliable, secure and friendly financial environment. It serves Stoneham, Wilmington, Melrose, Middleton and North Reading, offering savings, money market accounts, share certificates and mortgages with benefits beyond those generally available at other financial institutions.

Eligibility reaches beyond town employees. Anyone who joins the Friends of the Stoneham Public Library or the Friends of the Melrose Library can become a member, as can students in the Stoneham Public Schools and employees of local businesses approved by the board of directors. The credit union also runs a homeownership program for police, firefighters, teachers, healthcare workers, first responders and veterans.

What to Know

• Membership is for life, even after a move or job change.
• Money market accounts keep funds accessible, while share certificates lock in a rate for a set term.
• Mortgage staff guide members through the path to homeownership.
• Listed with both the Stoneham and Melrose chambers of commerce.