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Mac Credit Union

Overview
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Mac Credit Union is a federal credit union based in Fairbanks, Alaska. It has been opened since 1952, for 68 years.

With around $110,290,000 in assets, Mac Credit Union is considered to be a large credit union. It has 2 branches and 3 ATM locations.

About
Address 541 10th Avenue
Fairbanks, Alaska 99701
Website http://www.macfcu.org
Phone (907) 474-1291
Fax (907) 456-2815
CEO Angela D. Head
President of the Board Linda Hilliard
Services Offered
Map
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Score Card
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68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
14,104 members
Membership type: Multiple common bond – primary military
Above average number of members
282:1
Credit union member to staff ratio
282 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$110,292,387
Total assets
Above average
2 branches
Compared with an average of 4 nationally and 7 in Alaska
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
9.90%
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 7 in Alaska
Above average number of branches
Mac Credit Union Branch Locations

Mac Credit Union: Headquarters
1317 Wembley Avenue
Fairbanks, Alaska 99701
ATM Available
Mac Credit Union: 10th Avenue
541 10th Avenue
Fairbanks, Alaska 99701
ATM Available
Mac Credit Union: Fort Wainwright
3700 Santiago Street
Fort Wainwright, Alaska 99703
ATM Available
Members
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14,104 members
Membership type: Multiple common bond – primary military
Above average number of members

With 14,104 members, the Mac Credit Union is considered to be a large credit union. It is larger than 76% of credit unions.

Fees
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$113
Average fee per member
The average fee per member at the Mac Credit Union is $113, which is very high compared to most credit unions. This rate is higher than 89% 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 Mac Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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282:1
Credit union member to staff ratio
282 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
50 staff members
FTE (full-time equivalent)
0% of employees are part-time
50 full-time, 0 part-time

Mac Credit Union has 50 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. Mac Credit Union has around 282 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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$110,292,387
Total assets
Above average
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.
18.2%
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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$9,729
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 47% of credit unions.

Mac Credit Union holds a total of $89,060,000 in loans and leases, which is about $9,729 per member on average.

Savings interest rate
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0.25%
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. Mac Credit Union pays 0.25%.

Loan rates
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9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
15.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
8.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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5.50%
New car loan rate
Compared to 4.0% nationally
8.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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7.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally