Naveo Credit Union
About
Naveo Credit Union is a local, not-for-profit financial institution in Cambridge owned by its members, with branches in Cambridge and Somerville. It offers checking and savings accounts, home, auto, personal and construction loans, and a few less common products such as bicycle loans, Dreamer loans and Credit Journey loans. Businesses can open free business checking, savings, money market accounts and certificates, and apply for business loans, all supported by digital banking tools.
The credit union was incorporated on March 2, 1928, by 27 Portuguese-Americans as Cambridge Portuguese Credit Union, a place where their community could save with confidence and borrow at low rates. In 2014 it took the name Naveo to reflect the area’s changing demographics and to welcome everyone in the community. Today it is led by President and CEO Andrea J. White and a volunteer board elected by its members.
What to Know
- It participates in shared branching, which lets members bank at partner credit union branches.
- Community programs include a scholarship and essay contest as well as financial seminars and events.
- Members get mobile check deposit, digital wallet support, eStatements and 24/7 telephone access.
- The directory lists it as a woman-led business in the Inman Square area.
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