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Meridia Community Credit Union

Overview
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Meridia Community Credit Union is a federal credit union based in Hamburg, New York. It has been opened since 1955, for 65 years.

With around $75,080,000 in assets, Meridia Community Credit Union is considered to be a large credit union. It has 3 branches and 4 ATM locations.

About
Address 4500 Southwestern Boulevard
Hamburg, New York 14075
Website http://www.meridiacu.com
Phone (716) 648-4411
Fax (716) 648-4526
CEO Michael D. Hoffman
President of the Board Brent Jordan
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
8,072 members
Membership type: Community credit union
Above average number of members
359:1
Credit union member to staff ratio
359 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$75,078,055
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
11.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
Meridia Community Credit Union Branch Locations

Meridia Community Credit Union: Eden Branch
8252 North Main Street
Eden, New York 14057
ATM Available
Meridia Community Credit Union: Buffalo Street Office
277 Buffalo Street
Hamburg, New York 14075
ATM Available
Meridia Community Credit Union: Main Office
4500 Southwestern Boulevard
Hamburg, New York 14075
ATM Available
Members
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8,072 members
Membership type: Community credit union
Above average number of members

With 8,072 members, the Meridia Community Credit Union is considered to be a large credit union. It is larger than 66% of credit unions.

Fees
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$49
Average fee per member
The average fee per member at the Meridia Community Credit Union is $49, 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 Meridia Community Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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359:1
Credit union member to staff ratio
359 per each FTE employee
Compared to 411:1 nationally
Average number of staff
22 staff members
FTE (full-time equivalent)
12% of employees are part-time
21 full-time, 3 part-time

Meridia Community Credit Union has 21 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 88% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Meridia Community Credit Union has around 359 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$75,078,055
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.
12.2%
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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$16,013
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 83% of credit unions.

Meridia Community Credit Union holds a total of $63,760,000 in loans and leases, which is about $16,013 per member on average.

Savings interest rate
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0.10%
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. Meridia Community Credit Union pays 0.10%.

Loan rates
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11.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.99%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.99%
New car loan rate
Compared to 4.0% nationally
4.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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