Naveo
Naveo is a credit union based in Somerville, Massachusetts, established in 1928, with $175 million in total assets serving 6,681 members. By Trust Grade it ranks 113th of 122 credit unions we track in Massachusetts. Its net worth ratio of 8.6% trails most similarly sized credit unions (9th percentile), versus a Massachusetts median of 12%. It was profitable over the most recent period, with a 0.35% return on assets. No consumer complaints against Naveo appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Naveo compares to Massachusetts peers
How we graded Naveo
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.6% capital ratio)
- Profitable (ROA 0.35%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Naveo over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Naveo insured?
Yes. Naveo is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Naveo: frequently asked questions
Is Naveo a good credit union?
Naveo earns a Bankzia Trust Grade of B (80/100, "Strong"), based on a financial-strength score of 80/100 (it has no CFPB complaints on record). Well-capitalized (8.6% capital ratio); Profitable (ROA 0.35%).
Is Naveo NCUA-insured?
Yes. Naveo is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Naveo?
Naveo holds $175 million in total assets, ranking 113th of 122 credit unions we track in Massachusetts. It serves 6,681 members.
Does Naveo have CFPB complaints?
No CFPB complaints against Naveo appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
