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I B E W 26 Credit Union

Overview
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I B E W 26 Credit Union is a federal credit union based in Lanham, Maryland. It has been opened since 1955, for 65 years.

With around $27,770,000 in assets, I B E W 26 Credit Union is considered to be an average size credit union. It has 1 branches and 1 ATM locations.

About
Address 4371 Parliament Pl Suite C.
Lanham, Maryland 20706
Website http://www.ibew26fcu.com
Phone (301) 306-0610
Fax (301) 306-0746
CEO Doreen C. Cleland
President of the Board George Hogan
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
3,197 members
Membership type: Multiple common bond – primary communications and utilities
Average number of members
492:1
Credit union member to staff ratio
492 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$27,767,546
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 3 in Maryland
Average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
18.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Maryland
Average number of branches
I B E W 26 Credit Union Branch Locations

I. B. E. W. 26 Credit Union: Corporate Office
4371 Parliament Pl Suite C.
Lanham, Maryland 20706
ATM Available
Members
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3,197 members
Membership type: Multiple common bond – primary communications and utilities
Average number of members

With 3,197 members, the I B E W 26 Credit Union is considered to be a medium size credit union. It is larger than 46% of credit unions.

Fees
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$107
Average fee per member
The average fee per member at the I B E W 26 Credit Union is $107, which is very high compared to most credit unions. This rate is higher than 87% 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 I B E W 26 Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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492:1
Credit union member to staff ratio
492 per each FTE employee
Compared to 411:1 nationally
Fewer staff
6 staff members
FTE (full-time equivalent)
14% of employees are part-time
6 full-time, 1 part-time

I B E W 26 Credit Union has 6 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 86% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. I B E W 26 Credit Union has around 492 members per staff, a higher ratio compared to other credit unions.

Assets
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$27,767,546
Total assets
Average size
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.
7.6%
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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$7,598
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 73% of credit unions.

I B E W 26 Credit Union holds a total of $11,970,000 in loans and leases, which is about $7,598 per member on average.

Savings interest rate
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0.05%
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. I B E W 26 Credit Union pays 0.05%.

Loan rates
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18.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.05%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.50%
New car loan rate
Compared to 4.0% nationally
5.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
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