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Metro North Credit Union

Overview
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Metro North Credit Union is a federal credit union based in Jacksonville, Florida. It has been opened since 1954, for 66 years.

With around $16,900,000 in assets, Metro North Credit Union is considered to be a medium size credit union.

About
Address 310 Dundas Drive
Jacksonville, Florida 32218
Website http://www.metronorthfcu.com
Phone (904) 757-5562
Fax (904) 757-8761
CEO Dan Jones
President of the Board Mark Gonyeau
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
1,596 members
Membership type: Multiple common bond – primary other manufacturing
Below average number of members
290:1
Credit union member to staff ratio
290 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$16,895,376
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 7 in Florida
Average number of branches
0.21%
Savings interest rate
Compared to 0.3% nationally
15.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 7 in Florida
Average number of branches
Metro North Credit Union Branch Locations

Metro North Federal Credit Union
310 Dundas Drive
Jacksonville, Florida 32218
No ATM
Members
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1,596 members
Membership type: Multiple common bond – primary other manufacturing
Below average number of members

With 1,596 members, the Metro North Credit Union is considered to be a small credit union. It is smaller than 71% of credit unions.

Fees
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$45
Average fee per member
The average fee per member at the Metro North Credit Union is $45, which is comparable to most credit unions. This rate is lower than 53% 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 Metro North Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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290:1
Credit union member to staff ratio
290 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
6 staff members
FTE (full-time equivalent)
17% of employees are part-time
5 full-time, 1 part-time

Metro North 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. Metro North Credit Union has around 290 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$16,895,376
Total assets
Below 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.
18.4%
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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$10,607
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 55% of credit unions.

Metro North Credit Union holds a total of $8,160,000 in loans and leases, which is about $10,607 per member on average.

Savings interest rate
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0.21%
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. Metro North Credit Union pays 0.21%.

Loan rates
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15.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.93%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.66%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.38%
New car loan rate
Compared to 4.0% nationally
5.58%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.81%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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