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Greenwich Municipal Employees Credit Union
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Greenwich Municipal Employees Credit Union Share
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Overview Share
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Greenwich Municipal Employees Credit Union is a federal credit union based in Greenwich, Connecticut. It has been opened since 1969, for 53 years.

With around $24,720,000 in assets, Greenwich Municipal Employees Credit Union is considered to be an average size credit union.

About Share
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Address 439 West Putnam Avenue
Greenwich, Connecticut 06830
Website http://www.gmefcu.com
Phone (203) 869-5280
Fax (203) 622-7409
CEO Gail Todd
President of the Board Joseph Benoit Jr.
Services Offered
Score Card Share
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53 years
Years in business
Opened in 1969
Well Capitalized
Net worth classification
Source: NCUA
2,043 members
Membership type: Multiple common bond – primary federal, state, local government
Below average number of members
681:1
Credit union member to staff ratio
681 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$24,719,670
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 3 in Connecticut
Average number of branches
0.03%
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 Connecticut
Average number of branches
Greenwich Municipal Employees Credit Union Branch Locations
Members Share
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2,043 members
Membership type: Multiple common bond – primary federal, state, local government
Below average number of members

With 2,043 members, the Greenwich Municipal Employees Credit Union is considered to be a small credit union. It is smaller than 65% of credit unions.

Fees Share
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$33
Average fee per member
The average fee per member at the Greenwich Municipal Employees Credit Union is $33, which is low compared to most credit unions. This rate is lower than 63% 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 Greenwich Municipal Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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681:1
Credit union member to staff ratio
681 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
3 staff members
FTE (full-time equivalent)
0% of employees are part-time
3 full-time, 0 part-time

Greenwich Municipal Employees Credit Union has 3 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. Greenwich Municipal Employees Credit Union has around 681 members per staff, a high ratio compared to other credit unions.

Assets Share
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$24,719,670
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.
10.0%
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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$10,230
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 51% of credit unions.

Greenwich Municipal Employees Credit Union holds a total of $6,950,000 in loans and leases, which is about $10,230 per member on average.

Savings interest rate Share
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0.03%
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. Greenwich Municipal Employees Credit Union pays 0.03%.

Loan rates Share
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12.40%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.25%
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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2.90%
New car loan rate
Compared to 4.0% nationally
3.90%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.25%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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All of Asset Brief

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Service Credit Union Routing Number
Resource: Service Credit Union Routing Number Service Credit Union is a credit union based in Portsmouth, New Hampshire. Service Credit Union’s US routing number is 211489656.