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Marquette Community Credit Union

Overview
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Marquette Community Credit Union is a federal credit union based in Marquette, Michigan. It has been opened since 1952, for 68 years.

With around $79,950,000 in assets, Marquette Community Credit Union is considered to be a large credit union. It has 2 branches and 2 ATM locations.

About
Address 1230 West Washington Street
Marquette, Michigan 49855
Website http://www.marquettecomm.org
Phone (906) 228-9850
Fax (906) 228-7662
CEO Jim Lori
President of the Board Tom Meravi
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
8,920 members
Membership type: Community credit union
Above average number of members
525:1
Credit union member to staff ratio
525 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$79,951,638
Total assets
Above average
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
8.49%
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
Marquette Community Credit Union Branch Locations

Marquette Community Credit Union: Main Office
1230 W. Washington Street
Marquette, Michigan 49855
ATM Available
Marquette Community Federal Credit Union
5096 US Highway 41 S.
Marquette, Michigan 49855
ATM Available
Members
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8,920 members
Membership type: Community credit union
Above average number of members

With 8,920 members, the Marquette Community Credit Union is considered to be a large credit union. It is larger than 68% of credit unions.

Fees
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$48
Average fee per member
The average fee per member at the Marquette Community Credit Union is $48, which is comparable to most credit unions. This rate is lower than 50% of all credit unions.
Fees are 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 Marquette Community Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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525:1
Credit union member to staff ratio
525 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
17 staff members
FTE (full-time equivalent)
52% of employees are part-time
11 full-time, 12 part-time

Marquette Community Credit Union has 11 full-time staff members and 12 part-time staff members. The staff is comprised of part-time and full-time staff, with part-time staff approximately 52% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Marquette Community Credit Union has around 525 members per staff, a high ratio compared to other credit unions.

Assets
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$79,951,638
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.
8.5%
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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$6,318
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 83% of credit unions.

Marquette Community Credit Union holds a total of $28,900,000 in loans and leases, which is about $6,318 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. Marquette Community Credit Union pays 0.15%.

Loan rates
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8.49%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.95%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.90%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.90%
New car loan rate
Compared to 4.0% nationally
3.90%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
6.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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Credit Card Loan Interest Rate
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