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Arc Credit Union

Overview
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Arc Credit Union is a federal credit union based in Altoona, Pennsylvania. It has been opened since 1956, for 64 years.

With around $85,300,000 in assets, Arc Credit Union is considered to be a large credit union. It has 2 branches and 2 ATM locations.

About
Address 1919 7th Avenue
Altoona, Pennsylvania 16602
Website http://www.arcfcu.org
Phone (814) 946-0857
Fax (814) 946-0903
CEO Victor A. Gioiosa, Jr.
President of the Board Matthew Mcconville
Services Offered
Map
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Score Card
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64 years
Years in business
Opened in 1956
Well Capitalized
Net worth classification
Source: NCUA
12,696 members
Membership type: Multiple common bond – other
Above average number of members
438:1
Credit union member to staff ratio
438 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$85,295,277
Total assets
Above average
2 branches
Compared with an average of 4 nationally and 3 in Pennsylvania
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
10.40%
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 Pennsylvania
Above average number of branches
Arc Credit Union Branch Locations

Arc Credit Union: Arc Main Office
1919 7th Avenue
Altoona, Pennsylvania 16602
ATM Available
Arc Credit Union: Arc Branch
419 North 7th Street
Altoona, Pennsylvania 16601
No ATM
Members
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12,696 members
Membership type: Multiple common bond – other
Above average number of members

With 12,696 members, the Arc Credit Union is considered to be a large credit union. It is larger than 75% of credit unions.

Fees
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$56
Average fee per member
The average fee per member at the Arc Credit Union is $56, which is comparable to most credit unions. This rate is lower than 44% of all credit unions.
Fees are 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 Arc Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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438:1
Credit union member to staff ratio
438 per each FTE employee
Compared to 411:1 nationally
Fewer staff
29 staff members
FTE (full-time equivalent)
7% of employees are part-time
28 full-time, 2 part-time

Arc Credit Union has 28 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. Arc Credit Union has around 438 members per staff, a higher ratio compared to other credit unions.

Assets
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$85,295,277
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.
9.2%
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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$14,783
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 79% of credit unions.

Arc Credit Union holds a total of $56,750,000 in loans and leases, which is about $14,783 per member on average.

Savings interest rate
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0.25%
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. Arc Credit Union pays 0.25%.

Loan rates
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10.40%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.71%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.71%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.61%
New car loan rate
Compared to 4.0% nationally
2.98%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.75%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.17%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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