Banking for Mass. in Mass. Wicked Local Banking that puts you first. When you bank with Central One, you’re choosing a credit union that understands what matters most to Massachusetts residents. We live here, work here and serve here, because no one gets your banking like your local credit union. Bank with people who call this community home, just like you.
That’s Wicked Local Banking.
Central One Serving over 100 communities across Worcester, Middlesex, and Norfolk counties, our commitment to local service is unmatched. Whether you’re opening your first account or switching from a big bank or another credit union, we offer the local service, flexibility and personal support you won’t find anywhere else.
Two truly free checking options
We believe banking should be built around you. If you’re looking for the best free checking account in Central Massachusetts, you’ve found it. Unlike big banks, our checking accounts are designed for real people in Central Massachusetts, the students, families, retirees, veterans and everyone in-between. We put your needs first with our checking accounts that are simple, free, and built around your life, not corporate bottom lines.
Discover why Central Massachusetts residents choose Central One Federal Credit Union for the best free checking accounts with no monthly fees, free ATM access, and local rewards. Whether you’re in Worcester, Shrewsbury, or anywhere in Central Mass, our accounts make banking simple, affordable, and built around you.
Choose the account that fits your lifestyle
✅ Premium Checking
- Earn cash back on every debit card purchase
- Get paid up to 2 days early with direct deposit
- Receive up to $12/month in ATM fee reimbursements
- No monthly fees or minimum balance with $1,500/month direct deposit
✅ Regular Checking
- A straightforward, dividend-earning account
- No monthly fees, no minimum balance
- All the digital banking tools you expect
Both checking accounts include:
- Access to over 55,000 fee-free ATMs nationwide
- Mobile banking, mobile deposit, and eStatements
- Instant debit card replacement at any full-service branch
- Card Control app to manage limits, alerts, and travel settings
- Apple Pay, Google Pay, and Samsung Pay compatibility
Discover why Massachusetts residents choose us for no-fee checking with local perks, full digital convenience and true community support.
🏡 Why choose a local Massachusetts credit union?
We’re not just a financial institution, we’re your neighbors. At Central One Federal Credit Union, our team lives, works, and raises families in the same Central Massachusetts communities we serve. That means we understand your goals, your challenges, and your dreams. From everyday checking accounts to long‑term financial planning, we’re committed to helping you thrive with banking that’s simple, rewarding, and built around you.
As a Central One member, you’ll enjoy:
- 5,000+ Shared branch locations nationwide through the CO-OP network
- Student checking accounts designed for teens and young adults
- Love My Credit Union Rewards for discounts on everyday purchases
- Personalized service you won’t get from big banks.
📍 Proudly serving Central Massachusetts
Central One serves towns throughout Worcester, Middlesex, and Norfolk counties, from Worcester to Westborough, Acton to Athol, and everywhere in between.
Some of the communities we serve include:
- Worcester, Shrewsbury, Grafton, Westborough, Auburn, Holden
- Framingham, Marlborough, Milford, Leominster, Fitchburg
- Ashland, Hudson, Clinton, Gardner, Southbridge
- And many more across the region
📄 View the full list of towns we serve
Tools for financial wellness
Great banking goes beyond great accounts. Our Financial Wellness Center and Money Management tools help you:
- Set and track budgets
- Monitor spending habits
- Plan for savings goals and future expenses
- Build financial knowledge through our app and desktop platforms
Whether you’re saving for a home, building credit, or managing monthly bills, we’re here to support your journey.
Why Central One is one of the best Credit Unions in Massachusetts
Central One is consistently recognized as one of the top credit unions in the region, thanks to our commitment to members and the community.
- No fees, no gimmicks
- Real rewards and cash back checking
- Digital convenience with local, personal service
- Deep community roots in Central MA
- Trusted by thousands of members
- Voted Top 3 for Best Credit Union in Central MA
- Voted #1 Locally Owned Business in Central MA
- Voted Top Workplace
- Platinum Feefo Service Award
Whether you’re a student managing your first budget, a busy family juggling everyday expenses, or a retiree looking for simplicity and peace of mind, Central One Federal Credit Union offers the best free checking accounts in Central Massachusetts designed to fit your life. With no monthly fees, free ATM access, and convenient digital banking tools, you’ll enjoy the flexibility you need and the local service you deserve. At Central One, banking isn’t just about money, it’s about helping you thrive in every stage of life.
Discover the Wicked Local Banking difference!
Central One offers the best free checking account to fit your life.
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Adjustable Rate Mortgages
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The 15/5 Adjustable Rate Mortgage offers a fixed APR of for the first 15 years then adjusts to a new rate every 5 years.
Term: Available for terms up to 40 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies, or we will not be able to process your application. Payments do not include taxes and insurance.
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The 15/5 Adjustable Rate Mortgage offers a fixed APR of for the first 15 years then adjusts to a new rate every 5 years.
Term: Available for terms up to 40 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Payments do not include taxes and insurance.
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The 10/5 Adjustable Rate Mortgage offers a fixed APR of for the first 10 years then adjusts to a new rate every 5 years.
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Payments do not include taxes and insurance.
-
The 10/5 Adjustable Rate Mortgage offers a fixed APR of for the first 10 years then adjusts to a new rate every 5 years.
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30-year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies, or we will not be able to process your application.
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The 5/1 Adjustable Rate Mortgage offers a fixed APR of for the first 5 years then adjusts to a new rate every 1 year.
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30-year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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The 5/1 Adjustable Rate Mortgage offers a fixed APR of for the first 5 years then adjusts to a new rate every 1 year.
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies, or we will not be able to process your application.
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The 3/3 Adjustable Rate Mortgage offers a fixed APR of for the first 3 years then adjusts to a new rate every 3 years.
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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The 3/3 Adjustable Rate Mortgage offers a fixed APR of for the first 3 years then adjusts to a new rate every 3 years.
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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The 1/1 Adjustable Rate Mortgage offers a fixed APR of for the first 1 year then adjusts to a new rate every 1 year.
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30-year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
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The 1/1 Adjustable Rate Mortgage offers a fixed APR of for the first 1 year then adjusts to a new rate every 1 year.
Term: Available for terms up to 30 years.
Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.
Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.
Calculate your monthly payment using the ARM Mortgage Calculator
Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.
Order Checks for your Home Equity Line of Credit (HELOC)
You can order checks through this link Order Checks or by calling 800-355-8123. You will need to input your account number and the Central One routing number (211387169). As a security precaution, you will not be able to change the address on the checks and all orders will be sent to the address of record on the account.
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