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Manchester Municipal Credit Union
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Manchester Municipal Credit Union Share
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Overview Share
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Manchester Municipal Credit Union is a federal credit union based in Manchester, Connecticut. It has been opened since 1960, for 62 years.

With around $22,940,000 in assets, Manchester Municipal Credit Union is considered to be an average size credit union.

About Share
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Address 479 Main Str
Manchester, Connecticut 06040
Website http://www.mmfcu.net
Phone (860) 649-7922
Fax (860) 647-7391
CEO Lori J. Herrick
President of the Board David Mauldin
Services Offered
Score Card Share
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62 years
Years in business
Opened in 1960
Well Capitalized
Net worth classification
Source: NCUA
1,905 members
Membership type: Federal, State, Local Government
Below average number of members
346:1
Credit union member to staff ratio
346 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$22,942,723
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 3 in Connecticut
Average number of branches
0.40%
Savings interest rate
Compared to 0.3% nationally
9.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 3 in Connecticut
Average number of branches
Manchester Municipal Credit Union Branch Locations

Manchester Municipal Federal Credit Union
479 Main Street
Manchester, Connecticut 06040
No ATM
Members Share
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1,905 members
Membership type: Federal, State, Local Government
Below average number of members

With 1,905 members, the Manchester Municipal Credit Union is considered to be a small credit union. It is smaller than 67% of credit unions.

Fees Share
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$70
Average fee per member
The average fee per member at the Manchester Municipal Credit Union is $70, which is high compared to most credit unions. This rate is higher than 66% 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 Manchester Municipal Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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346:1
Credit union member to staff ratio
346 per each FTE employee
Compared to 411:1 nationally
Average number of staff
6 staff members
FTE (full-time equivalent)
17% of employees are part-time
5 full-time, 1 part-time

Manchester Municipal Credit Union has 5 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 83% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Manchester Municipal Credit Union has around 346 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets Share
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$22,942,723
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.
10.2%
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 Share
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$11,946
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 64% of credit unions.

Manchester Municipal Credit Union holds a total of $15,160,000 in loans and leases, which is about $11,946 per member on average.

Savings interest rate Share
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0.40%
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. Manchester Municipal Credit Union pays 0.40%.

Loan rates Share
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9.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
7.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.44%
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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2.99%
New car loan rate
Compared to 4.0% nationally
3.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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4.67%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally

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Credit Union Branch: 10 Central Street
Town Hall
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