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Monmouth Credit Union

Overview
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Monmouth Credit Union is a federal credit union based in Monmouth, Maine. It has been opened since 1953, for 67 years.

With around $17,750,000 in assets, Monmouth Credit Union is considered to be a medium size credit union. It has 2 branches and 2 ATM locations.

About
Address 1176 Main Street
Monmouth, Maine 04259
Website http://www.monmouthfcu.com
Phone (207) 933-2667
Fax (207) 933-3261
CEO Catherina A. Blais
President of the Board Richard Howard
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
2,462 members
Membership type: Community credit union
Below average number of members
259:1
Credit union member to staff ratio
259 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$17,752,570
Total assets
Below average
2 branches
Compared with an average of 4 nationally and 4 in Maine
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 4 in Maine
Above average number of branches
Monmouth Credit Union Branch Locations

Monmouth Credit Union: Main Branch
1176 Main Street
Monmouth, Maine 04259
ATM Available
Monmouth Credit Union: Greene Branch
19A Patten Road
Greene, Maine 04236
ATM Available
Members
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2,462 members
Membership type: Community credit union
Below average number of members

With 2,462 members, the Monmouth Credit Union is considered to be a small credit union. It is smaller than 60% of credit unions.

Fees
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$86
Average fee per member
The average fee per member at the Monmouth Credit Union is $86, which is high compared to most credit unions. This rate is higher than 78% of all credit unions.
Fees are higher than 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 Monmouth Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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259:1
Credit union member to staff ratio
259 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
10 staff members
FTE (full-time equivalent)
10% of employees are part-time
9 full-time, 1 part-time

Monmouth Credit Union has 9 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 90% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Monmouth Credit Union has around 259 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$17,752,570
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.
8.3%
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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$10,958
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 57% of credit unions.

Monmouth Credit Union holds a total of $10,050,000 in loans and leases, which is about $10,958 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. Monmouth Credit Union pays 0.10%.

Loan rates
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13.00%
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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3.50%
New car loan rate
Compared to 4.0% nationally
5.25%
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
6.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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