Home
Contents
Explore
Search

Frederiksted Credit Union

Overview
Back to Top

Frederiksted Credit Union is a federal credit union based in Frederiksted, Virgin Islands. It has been opened since 1952, for 68 years.

With around $17,140,000 in assets, Frederiksted Credit Union is considered to be a medium size credit union.

About
Address Po Box 7
Frederiksted, Virgin Islands 00841
Website http://www.ffcuvi.org
Phone (340) 772-0435
Fax (340) 772-2595
CEO Patrice M. Canton
President of the Board Eugene Mitchell
Services Offered
Map
Back to Top
Score Card
Back to Top
68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
3,006 members
Membership type: Community credit union
Average number of members
501:1
Credit union member to staff ratio
501 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$17,138,553
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 1 in Virgin Islands
Average number of branches
0.04%
Savings interest rate
Compared to 0.3% nationally
Branches
Back to Top
1 branch
Compared with an average of 4 nationally and 1 in Virgin Islands
Average number of branches
Frederiksted Credit Union Branch Locations

Frederiksted Federal Credit Union
59 Queen Street
Frederiksted, Virgin Islands 00840
No ATM
Members
Back to Top
3,006 members
Membership type: Community credit union
Average number of members

With 3,006 members, the Frederiksted Credit Union is considered to be a medium size credit union. It is larger than 45% of credit unions.

Fees
Back to Top
$15
Average fee per member
The average fee per member at the Frederiksted Credit Union is $15, which is low compared to most credit unions. This rate is lower than 77% 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 Frederiksted Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
Back to Top
501:1
Credit union member to staff ratio
501 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
6 staff members
FTE (full-time equivalent)
0% of employees are part-time
6 full-time, 0 part-time

Frederiksted Credit Union has 6 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. Frederiksted Credit Union has around 501 members per staff, a high ratio compared to other credit unions.

Assets
Back to Top
$17,138,553
Total assets
Below average
Net worth
Back to Top
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.
8.1%
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
Back to Top
$7,482
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 74% of credit unions.

Frederiksted Credit Union holds a total of $3,940,000 in loans and leases, which is about $7,482 per member on average.

Savings interest rate
Back to Top
0.04%
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. Frederiksted Credit Union pays 0.04%.

Loan rates
Back to Top
15.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
Back to Top
6.00%
New car loan rate
Compared to 4.0% nationally
8.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
Back to Top
8.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
Mid-Island Credit Union
Location
Christiansted, Virgin Islands
Members
2140
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
Vitelco Employees Credit Union
Location
Charlotte Amali, Virgin Islands
Members
383
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
St. Thomas Credit Union
Location
Charlotte Amali, Virgin Islands
Members
7,359
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
Christiansted Credit Union
Location
Christiansted, Virgin Islands
Members
3,112
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More