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Merced School Employees Credit Union

Overview
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Merced School Employees Credit Union is a federal credit union based in Merced, California. It has been opened since 1954, for 66 years.

With around $491,820,000 in assets, Merced School Employees Credit Union is considered to be a very large credit union. It has 8 branches and 3 ATM locations.

About
Address P.O. Box 1349
Merced, California 95341
Website http://mercedschoolcu.org
Phone (209) 383-5550
Fax (209) 383-4259
CEO Nancy Deavours
President of the Board Terry Silva
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
40,830 members
Membership type: Multiple common bond – primary educational
Above average number of members
357:1
Credit union member to staff ratio
357 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$491,822,532
Total assets
Above average
8 branches
Compared with an average of 4 nationally and 5 in California
Above average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
10.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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8 branches
Compared with an average of 4 nationally and 5 in California
Above average number of branches
Merced School Employees Credit Union Branch Locations
Members
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40,830 members
Membership type: Multiple common bond – primary educational
Above average number of members

With 40,830 members, the Merced School Employees Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 90% of credit unions.

Fees
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$53
Average fee per member
The average fee per member at the Merced School Employees Credit Union is $53, which is comparable to most credit unions. This rate is lower than 47% 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 Merced School Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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357:1
Credit union member to staff ratio
357 per each FTE employee
Compared to 411:1 nationally
Average number of staff
114 staff members
FTE (full-time equivalent)
15% of employees are part-time
105 full-time, 19 part-time

Merced School Employees Credit Union has 105 full-time staff members and 19 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 85% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Merced School Employees Credit Union has around 357 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$491,822,532
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.
11.0%
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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$8,038
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 69% of credit unions.

Merced School Employees Credit Union holds a total of $208,980,000 in loans and leases, which is about $8,038 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. Merced School Employees Credit Union pays 0.15%.

Loan rates
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10.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.00%
New car loan rate
Compared to 4.0% nationally
4.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.25%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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