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Monroe Education Employees Credit Union
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Monroe Education Employees Credit Union Share
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Overview Share
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Monroe Education Employees Credit Union is a federal credit union based in Monroeville, Alabama. It has been opened since 1958, for 64 years.

With around $4,330,000 in assets, Monroe Education Employees Credit Union is considered to be a small credit union.

About Share
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Address 456 South Alabama Avenue
Monroeville, Alabama 36460
Website http://www.monroeefcu.com
Phone (251) 743-3264
Fax (251) 575-7008
CEO Jacqueline Lee
President of the Board Lester Scott
Services Offered
Score Card Share
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64 years
Years in business
Opened in 1958
Undercapitalized
Net worth classification
Source: NCUA
1,585 members
Membership type: Multiple common bond – primary educational
Below average number of members
1,057:1
Credit union member to staff ratio
1,057 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$4,330,120
Total assets
Below average
0 branches
Compared with an average of 4 nationally and 4 in Alabama
Above average number of branches
0.12%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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0 branches
Compared with an average of 4 nationally and 4 in Alabama
Above average number of branches
Monroe Education Employees Credit Union Branch Locations

Monroe Education Employees Credit Union: Meefcu
456 S. Alabama Avenue
Monroeville, Alabama 36460
No ATM
Monroe Education Employees Credit Union: Meefcu
456 S. Alabama Avenue
Monroeville, Alabama 36460
No ATM
Members Share
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1,585 members
Membership type: Multiple common bond – primary educational
Below average number of members

With 1,585 members, the Monroe Education Employees Credit Union is considered to be a small credit union. It is smaller than 71% of credit unions.

Fees Share
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$44
Average fee per member
The average fee per member at the Monroe Education Employees Credit Union is $44, which is comparable to most credit unions. This rate is lower than 54% 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 Monroe Education Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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1,057:1
Credit union member to staff ratio
1,057 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
2 staff members
FTE (full-time equivalent)
50% of employees are part-time
1 full-time, 1 part-time

Monroe Education Employees Credit Union has 1 full-time staff members and 1 part-time staff members. The staff is comprised of part-time and full-time staff, with part-time staff approximately 50% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Monroe Education Employees Credit Union has around 1,057 members per staff, a high ratio compared to other credit unions.

Assets Share
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$4,330,120
Total assets
Below average
Net worth Share
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Undercapitalized
Net worth classification
Source: NCUA
An undercapitalized credit union has a net worth ratio between 4% and 6% or fails to meet applicable risk-based net worth requirements, according to the National Credit Union Administration.
5.1%
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 Share
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$2,339
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 97% of credit unions.

Monroe Education Employees Credit Union holds a total of $1,880,000 in loans and leases, which is about $2,339 per member on average.

Savings interest rate Share
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0.12%
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. Monroe Education Employees Credit Union pays 0.12%.

Loan rates Share
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8.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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2.75%
New car loan rate
Compared to 4.0% nationally
5.00%
Used car loan rate
Compared to 5.2% nationally

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All of Asset Brief

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Monroe Education Employees Credit Union: Meefcu
Credit Union Branch: 456 S. Alabama Avenue
Monroeville, Alabama 36460 No ATM
State Employees' Credit Union: Monroe
Credit Union Branch: 1790 Dickerson Boulevard
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Big Spring Education Employees Federal Credit Union
Credit Union Branch: 1110 S. Benton Street
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State Employees' Credit Union: Monroe ATM
Credit Union ATM: 1790 Dickerson Boulevard
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Service Credit Union Routing Number
Resource: Service Credit Union Routing Number Service Credit Union is a credit union based in Portsmouth, New Hampshire. Service Credit Union’s US routing number is 211489656.
Education First Federal Credit Union
Credit Union Branch: 155 W. Monroe Street
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Monroe Education Employees Credit Union
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the Bank of Monroe
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Monroe Education Employees Credit Union: Meefcu
Credit Union Branch: 456 S. Alabama Avenue
Monroeville, Alabama 36460 No ATM