Members Cooperative Credit Union is a federally insured state credit union based in Duluth, Minnesota. It has been opened since 1936, for 84 years.
With around $738,390,000 in assets, Members Cooperative Credit Union is considered to be a very large credit union. It has 12 branches and 12 ATM locations.
|Address|| 4628 Mike Colalillo Drive |
Duluth, Minnesota 55807
|President of the Board||Russell Salgy|
With 50,679 members, the Members Cooperative Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 91% of credit unions.
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 Members Cooperative Credit Union. Some credit unions tend to charge more fees, while others charge less.
Members Cooperative Credit Union has 189 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 98% of the workforce.
The number of members relative to staff members is an indication of how well staffed the credit union is. Members Cooperative Credit Union has around 266 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.
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.
Members Cooperative Credit Union holds a total of $595,280,000 in loans and leases, which is about $15,198 per member on average.
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. Members Cooperative Credit Union pays 0.10%.