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Akron Municipal Employee's Credit Union
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Akron Municipal Employee's Credit Union Share
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Overview Share
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Akron Municipal Employee's Credit Union is a federally insured state credit union based in Akron, Ohio. It has been opened since 1940, for 82 years.

With around $6,160,000 in assets, Akron Municipal Employee's Credit Union is considered to be a small credit union.

About Share
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Address 146 S. High St, Concourse Level
Akron, Ohio 44308
Website http://www.ci.akron.oh.us/AMECU
Phone (330) 375-2020
Fax (330) 375-2397
CEO Sandra L. Evans
President of the Board Anthony White
Services Offered
Score Card Share
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82 years
Years in business
Opened in 1940
Well Capitalized
Net worth classification
Source: NCUA
1,166 members
Membership type: State chartered natural person credit union
Below average number of members
389:1
Credit union member to staff ratio
389 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$6,162,117
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Ohio
Average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 3 in Ohio
Average number of branches
Akron Municipal Employee's Credit Union Branch Locations

Akron Municipal Employee's Credit Union: Akron Municipal Employees C.U
146 S. High Street
Concourse Level
Akron, Ohio 44308
No ATM
Members Share
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1,166 members
Membership type: State chartered natural person credit union
Below average number of members

With 1,166 members, the Akron Municipal Employee's Credit Union is considered to be a small credit union. It is smaller than 78% of credit unions.

Fees Share
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$32
Average fee per member
The average fee per member at the Akron Municipal Employee's Credit Union is $32, which is low compared to most credit unions. This rate is lower than 64% of all credit unions.
Fees are lower 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 Akron Municipal Employee's Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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389:1
Credit union member to staff ratio
389 per each FTE employee
Compared to 411:1 nationally
Average number of staff
3 staff members
FTE (full-time equivalent)
50% of employees are part-time
2 full-time, 2 part-time

Akron Municipal Employee's Credit Union has 2 full-time staff members and 2 part-time staff members. The staff is comprised of part-time and full-time staff, with part-time staff approximately 50% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Akron Municipal Employee's Credit Union has around 389 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets Share
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$6,162,117
Total assets
Below average
Net worth Share
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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.
10.1%
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 Share
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$5,663
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 87% of credit unions.

Akron Municipal Employee's Credit Union holds a total of $2,070,000 in loans and leases, which is about $5,663 per member on average.

Savings interest rate Share
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0.10%
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. Akron Municipal Employee's Credit Union pays 0.10%.

Loan rates Share
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13.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.49%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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4.49%
New car loan rate
Compared to 4.0% nationally
4.69%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.99%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally

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