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East River Credit Union Share
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Overview Share
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East River Credit Union is a federal credit union based in Madison, South Dakota. It has been opened since 1956, for 66 years.

With around $30,790,000 in assets, East River Credit Union is considered to be an average size credit union.

About Share
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Address Po Box 31
Madison, South Dakota 57042
Website http://www.eastriverfcu.com
Phone (605) 256-8145
Fax (605) 256-8053
CEO Mechelle D. Johnson
President of the Board Stacy Krusemark
Services Offered
Score Card Share
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66 years
Years in business
Opened in 1956
Well Capitalized
Net worth classification
Source: NCUA
3,385 members
Membership type: Community credit union
Average number of members
376:1
Credit union member to staff ratio
376 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$30,792,041
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 3 in South Dakota
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 South Dakota
Average number of branches
East River Credit Union Branch Locations

East River Federal Credit Union
220 S. Harth Avenue
Madison, South Dakota 57042
No ATM
Members Share
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3,385 members
Membership type: Community credit union
Average number of members

With 3,385 members, the East River Credit Union is considered to be a medium size credit union. It is larger than 48% of credit unions.

Fees Share
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$98
Average fee per member
The average fee per member at the East River Credit Union is $98, which is very high compared to most credit unions. This rate is higher than 84% of all credit unions.
Fees are higher 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 East River Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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376:1
Credit union member to staff ratio
376 per each FTE employee
Compared to 411:1 nationally
Average number of staff
9 staff members
FTE (full-time equivalent)
0% of employees are part-time
9 full-time, 0 part-time

East River Credit Union has 9 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. East River Credit Union has around 376 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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$30,792,041
Total assets
Average size
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.
11.5%
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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$9,921
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 48% of credit unions.

East River Credit Union holds a total of $23,760,000 in loans and leases, which is about $9,921 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. East River Credit Union pays 0.10%.

Loan rates Share
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9.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.99%
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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3.74%
New car loan rate
Compared to 4.0% nationally
5.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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