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Bee Credit Union

Overview
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Bee Credit Union is a federal credit union based in Salisbury, Maryland. It has been opened since 1954, for 66 years.

With around $7,060,000 in assets, Bee Credit Union is considered to be a medium size credit union.

About
Address 1414 S. Division Street
Salisbury, Maryland 21804
Phone (410) 548-9351
Fax (410) 548-1432
CEO Edwin Bruce Ford
President of the Board Richard Farlow
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
1,034 members
Membership type: Educational
Below average number of members
345:1
Credit union member to staff ratio
345 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$7,064,108
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Maryland
Average number of branches
0.30%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Maryland
Average number of branches
Bee Credit Union Branch Locations

Bee Credit Union: 1414 S. Division Street
1414 S. Division Street
Salisbury, Maryland 21804
No ATM
Members
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1,034 members
Membership type: Educational
Below average number of members

With 1,034 members, the Bee Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 80% of credit unions.

Fees
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$7
Average fee per member
The average fee per member at the Bee Credit Union is $7, which is very low compared to most credit unions. This rate is lower than 85% 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 Bee Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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345:1
Credit union member to staff ratio
345 per each FTE employee
Compared to 411:1 nationally
Average number of staff
3 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 6 part-time

Bee Credit Union has 0 full-time staff members and 6 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. Bee Credit Union has around 345 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$7,064,108
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.
24.8%
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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$4,671
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 91% of credit unions.

Bee Credit Union holds a total of $1,810,000 in loans and leases, which is about $4,671 per member on average.

Savings interest rate
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0.30%
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. Bee Credit Union pays 0.30%.

Loan rates
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12.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
Car loan rates
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7.00%
New car loan rate
Compared to 4.0% nationally
14.00%
Used car loan rate
Compared to 5.2% nationally
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