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Caribe Credit Union

Overview
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Caribe Credit Union is a federal credit union based in San Juan, Puerto Rico. It has been opened since 1951, for 69 years.

With around $395,270,000 in assets, Caribe Credit Union is considered to be a very large credit union. It has 4 branches and 3 ATM locations.

About
Address 195 O. Neill Street
San Juan, Puerto Rico 00918
Website http://www.caribefederal.com
Phone (787) 474-5151
Fax (787) 705-9030
CEO Jorge M. Vadell
President of the Board Juan Masini
Services Offered
Map
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Score Card
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69 years
Years in business
Opened in 1951
Well Capitalized
Net worth classification
Source: NCUA
37,699 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members
379:1
Credit union member to staff ratio
379 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$395,266,065
Total assets
Above average
4 branches
Compared with an average of 4 nationally and 3 in Puerto Rico
Above average number of branches
0.90%
Savings interest rate
Compared to 0.3% nationally
8.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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4 branches
Compared with an average of 4 nationally and 3 in Puerto Rico
Above average number of branches
Caribe Credit Union Branch Locations

Caribe Credit Union: Guaynabo -Las Credit Unionmbres Branch
10A Carr 838 Esq Pr-199
Guaynabo, Puerto Rico 00969
ATM Available
Caribe Credit Union: Ponce Branch
1233 Avenue Hostos
Ponce, Puerto Rico 00717
ATM Available
Caribe Credit Union: Fede
Federal Building
150 Avenue Carlos Chardon Suite 754
San Juan, Puerto Rico 00918
No ATM
Caribe Credit Union: Main
195 Calle Oneill
San Juan, Puerto Rico 00918
ATM Available
Members
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37,699 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members

With 37,699 members, the Caribe Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 89% of credit unions.

Fees
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$34
Average fee per member
The average fee per member at the Caribe Credit Union is $34, which is low compared to most credit unions. This rate is lower than 61% 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 Caribe Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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379:1
Credit union member to staff ratio
379 per each FTE employee
Compared to 411:1 nationally
Average number of staff
100 staff members
FTE (full-time equivalent)
3% of employees are part-time
98 full-time, 3 part-time

Caribe Credit Union has 98 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 97% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Caribe Credit Union has around 379 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$395,266,065
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.
12.7%
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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$12,438
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 67% of credit unions.

Caribe Credit Union holds a total of $301,480,000 in loans and leases, which is about $12,438 per member on average.

Savings interest rate
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0.90%
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. Caribe Credit Union pays 0.90%.

Loan rates
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8.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
7.32%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.90%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.49%
New car loan rate
Compared to 4.0% nationally
2.49%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally