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Abbey Credit Union

Overview
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Abbey Credit Union is a federally insured state credit union based in Vandalia, Ohio. It has been opened since 1937, for 83 years.

With around $96,910,000 in assets, Abbey Credit Union is considered to be a large credit union. It has 2 branches and 2 ATM locations.

About
Address 800 Falls Creek Drive
Vandalia, Ohio 45377
Website http://www.abbeycu.com
Phone (937) 898-7800
Fax (937) 898-7803
CEO Dean A. Pielemeier
President of the Board Michael Thein
Services Offered
Map
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Score Card
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83 years
Years in business
Opened in 1937
Well Capitalized
Net worth classification
Source: NCUA
10,863 members
Membership type: State chartered natural person credit union
Above average number of members
388:1
Credit union member to staff ratio
388 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$96,906,131
Total assets
Above average
2 branches
Compared with an average of 4 nationally and 3 in Ohio
Above average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
12.62%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 3 in Ohio
Above average number of branches
Abbey Credit Union Branch Locations

Abbey Credit Union
800 Falls Creek Drive
Vandalia, Ohio 45377
ATM Available
Abbey Credit Union Troy Branch
1341 Wayne Street
Troy, Ohio 45373
ATM Available
Members
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10,863 members
Membership type: State chartered natural person credit union
Above average number of members

With 10,863 members, the Abbey Credit Union is considered to be a large credit union. It is larger than 72% of credit unions.

Fees
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$68
Average fee per member
The average fee per member at the Abbey Credit Union is $68, which is high compared to most credit unions. This rate is higher than 65% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Abbey Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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388:1
Credit union member to staff ratio
388 per each FTE employee
Compared to 411:1 nationally
Average number of staff
28 staff members
FTE (full-time equivalent)
7% of employees are part-time
27 full-time, 2 part-time

Abbey Credit Union has 27 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 93% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Abbey Credit Union has around 388 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$96,906,131
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
8.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$13,467
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 73% of credit unions.

Abbey Credit Union holds a total of $72,050,000 in loans and leases, which is about $13,467 per member on average.

Savings interest rate
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0.05%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Abbey Credit Union pays 0.05%.

Loan rates
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12.62%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
7.63%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.78%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.80%
New car loan rate
Compared to 4.0% nationally
4.08%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.51%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.16%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally