About Us

Welcome to the Arrha Credit Union, your full-service, not-for-profit financial institution.

We’re member-owned and operated so you’ll always feel at home here. And, since we have no stockholders to pay, profits (after operating expenses) are returned directly to you and your fellow members, in the form of competitive dividend rates, low loan rates and reduced fees for services. Arrha Credit Union is regarded as the premier educational base credit union in the Western Massachusetts financial community. Originally chartered on October 5, 1929 with thirty-one original members. Today we serve those individuals who live or work in Hampden, Hampshire or Franklin counties. In addition, we continue to serve the employees of the Springfield Public Schools, American International College, Springfield Technical Community College, Minnechaug Regional High School and the Massachusetts Career Development Institute along with the retirees and their families. In addition we have approximately 11,000 members and more than $114 million in assets.

Our Mission

To assist our members in reaching their financial goals by providing superior products and services in a personalized manner.

Safety You Can Trust

At the Arrha Credit Union, your accounts are insured up to $250,000.00 by the strongest of all federal deposit insurance funds, the National Credit Union Administration (NCUA). All deposit accounts are also privately insured by Massachusetts Share Insurance Corporation (MSIC). IRA Accounts are unlimited and in addition to any other account coverages.The Arrha Credit Union observes rigorous guidelines for operational safety, and we don’t invest in commercial loans, junk bonds, derivatives or other risky investments. Our eleven-member Board serves on a volunteer basis to set the long-term direction of the credit union and to ensure that prudent operational policies are maintained.