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Alton Municipal Employees Credit Union

Overview
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Alton Municipal Employees Credit Union is a federal credit union based in Alton, Illinois. It has been opened since 1955, for 65 years.

With around $590,000 in assets, Alton Municipal Employees Credit Union is considered to be a small credit union.

About
Address 3212 College Avenue
Alton, Illinois 62002
Phone (618) 462-8771
Fax (618) 465-0517
CEO Bradley Sweetman
President of the Board Mark Harris
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
248 members
Membership type: Federal, State, Local Government
Below average number of members
248:1
Credit union member to staff ratio
248 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$593,260
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 2 in Illinois
Average number of branches
0.03%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 2 in Illinois
Average number of branches
Alton Municipal Employees Credit Union Branch Locations
Members
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248 members
Membership type: Federal, State, Local Government
Below average number of members

With 248 members, the Alton Municipal Employees Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 96% of credit unions.

Fees
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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 Alton Municipal Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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248:1
Credit union member to staff ratio
248 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
1 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 2 part-time

Alton Municipal Employees Credit Union has 0 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 100% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Alton Municipal Employees Credit Union has around 248 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$593,260
Total assets
Below 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.
27.2%
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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$6,682
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 80% of credit unions.

Alton Municipal Employees Credit Union holds a total of $500,000 in loans and leases, which is about $6,682 per member on average.

Savings interest rate
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0.03%
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. Alton Municipal Employees Credit Union pays 0.03%.

Loan rates
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18.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
Car loan rates
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4.00%
New car loan rate
Compared to 4.0% nationally
7.50%
Used car loan rate
Compared to 5.2% nationally
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Net Worth Classification
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Average Fee
Credit Card Loan Interest Rate
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Average Fee
Credit Card Loan Interest Rate
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