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Kent County Credit Union

Overview
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Kent County Credit Union is a federally insured state credit union based in Grand Rapids, Michigan. It has been opened since 1956, for 64 years.

With around $47,690,000 in assets, Kent County Credit Union is considered to be an average size credit union. It has 2 branches and 1 ATM locations.

About
Address 1619 Plainfield Avenue NE
Grand Rapids, Michigan 49505
Website http://www.mykccu.com
Phone (616) 336-3490
Fax (616) 363-3666
CEO Barbara Page
President of the Board Jon Denhof
Services Offered
Map
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Score Card
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64 years
Years in business
Opened in 1956
Well Capitalized
Net worth classification
Source: NCUA
5,425 members
Membership type: State chartered natural person credit union
Average number of members
265:1
Credit union member to staff ratio
265 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$47,691,005
Total assets
Average size
2 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
12.88%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
Kent County Credit Union Branch Locations

Kent County Credit Union: North Branch
14111 White Creek Avenue NE
Cedar Springs, Michigan 49319
ATM Available
Kent County Credit Union: Main Office
1619 Plainfield Avenue NE
Grand Rapids, Michigan 49505
No ATM
Members
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5,425 members
Membership type: State chartered natural person credit union
Average number of members

With 5,425 members, the Kent County Credit Union is considered to be a medium size credit union. It is larger than 58% of credit unions.

Fees
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$81
Average fee per member
The average fee per member at the Kent County Credit Union is $81, which is high compared to most credit unions. This rate is higher than 74% 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 Kent County Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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265:1
Credit union member to staff ratio
265 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
20 staff members
FTE (full-time equivalent)
22% of employees are part-time
18 full-time, 5 part-time

Kent County Credit Union has 18 full-time staff members and 5 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 78% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Kent County Credit Union has around 265 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$47,691,005
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.
10.5%
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
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$7,862
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 71% of credit unions.

Kent County Credit Union holds a total of $25,390,000 in loans and leases, which is about $7,862 per member on average.

Savings interest rate
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0.15%
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. Kent County Credit Union pays 0.15%.

Loan rates
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12.88%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.74%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.26%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.30%
New car loan rate
Compared to 4.0% nationally
7.20%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.20%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.63%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally