Feedback
Share
Link
Link copied!
Asset Brief
Montgomery County Employees Credit Union
Credit Union Finder
Explore
Search
Asset Brief
More
About Asset Brief
Copyright © 2022 assetbrief.com and Spring Launch Media LLC. All Rights Reserved.

All content on this website ("the Site") is the property of Spring Launch Media LLC. The collection and assembly of content on this Site are the exclusive property of Spring Launch Media LLC and are protected by copyright and other intellectual property laws. Credit union and bank data is publicly sourced from the U.S. government. None are affiliated with Asset Brief. assetbrief.com is an independent, advertising-supported publisher. We work hard to keep our information accurate and up to date, but do not guarantee accuracy of information. You may see different information when you visit a specific product’s site. assetbrief.com does not warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information disclosed. assetbrief.com does not assume any responsibility for any aspect of financial decisions taken based on the contents provided on this Site. When considering offers, please review all Terms and Conditions with the offering institution. Our content is not intended to provide investment advice. assetbrief.com is compensated through display advertising and offers from our partners. Many or all of the products features may be from our partners, and advertising may impact on where, how, and the order in which products appear on this Site. AssetBrief does not include all companies or all available products. However, this does not influence our editorial content or our advice, which are based on industry knowledge and many many hours of research. assetbrief.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Montgomery County Employees Credit Union Share
Link
Link copied!

Table of Contents
Map Loading...
Overview Share
Link
Link copied!
Back to Top

Montgomery County Employees Credit Union is a federal credit union based in Germantown, Maryland. It has been opened since 1968, for 54 years.

With around $146,690,000 in assets, Montgomery County Employees Credit Union is considered to be a large credit union. It has 3 branches and 3 ATM locations.

About Share
Link
Link copied!
Address 19785 Crystal Rock Dr, Suite 201
Germantown, Maryland 20874
Website http://WWW.MCEFCU.ORG
Phone (301) 528-8421
Fax (301) 528-8253
CEO James Norris
President of the Board Melvin Tull
Services Offered
Score Card Share
Link
Link copied!
Back to Top
54 years
Years in business
Opened in 1968
Well Capitalized
Net worth classification
Source: NCUA
14,706 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members
482:1
Credit union member to staff ratio
482 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$146,690,965
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 3 in Maryland
Above average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
8.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
Link
Link copied!
Back to Top
3 branches
Compared with an average of 4 nationally and 3 in Maryland
Above average number of branches
Montgomery County Employees Credit Union Branch Locations

Montgomery County Employees Credit Union: Silver Spring Branch
8380 Colesville Road Suite 201
Silver Spring, Maryland 20910
ATM Available
Montgomery County Employees Credit Union: Montgomery County Efcu
19785 Crystal Rock Drive Suite 201
Germantown, Maryland 20874
ATM Available
Montgomery County Employees Credit Union: Montgomery County Efcu
20 Courthouse Square Suite 101
Rockville, Maryland 20850
ATM Available
Members Share
Link
Link copied!
Back to Top
14,706 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members

With 14,706 members, the Montgomery County Employees Credit Union is considered to be a large credit union. It is larger than 77% of credit unions.

Fees Share
Link
Link copied!
Back to Top
$143
Average fee per member
The average fee per member at the Montgomery County Employees Credit Union is $143, which is very high compared to most credit unions. This rate is higher than 95% 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 Montgomery County Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
Link
Link copied!
Back to Top
482:1
Credit union member to staff ratio
482 per each FTE employee
Compared to 411:1 nationally
Fewer staff
30 staff members
FTE (full-time equivalent)
3% of employees are part-time
30 full-time, 1 part-time

Montgomery County Employees Credit Union has 30 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 97% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Montgomery County Employees Credit Union has around 482 members per staff, a higher ratio compared to other credit unions.

Assets Share
Link
Link copied!
Back to Top
$146,690,965
Total assets
Above average
Net worth Share
Link
Link copied!
Back to Top
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.
8.0%
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 Share
Link
Link copied!
Back to Top
$13,299
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 72% of credit unions.

Montgomery County Employees Credit Union holds a total of $115,890,000 in loans and leases, which is about $13,299 per member on average.

Savings interest rate Share
Link
Link copied!
Back to Top
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. Montgomery County Employees Credit Union pays 0.15%.

Loan rates Share
Link
Link copied!
Back to Top
8.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
Link
Link copied!
Back to Top
3.49%
New car loan rate
Compared to 4.0% nationally
3.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
Link
Link copied!
Back to Top
5.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.25%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

Other Credit Unions

See all...
The Mount Lebanon Credit Union
Credit Union: Well Capitalized Baltimore, Maryland 332.0 $484k Well Capitalized
Atlantic Financial Credit Union
Credit Union: Well Capitalized Hunt Valley, Maryland 10032.0 $92 million Well Capitalized
Notre Dame 2901 Credit Union
Credit Union: Well Capitalized Baltimore, Maryland 202.0 $2 million Well Capitalized
Johns Hopkins Credit Union
Credit Union: Well Capitalized Baltimore, Maryland 42703.0 $451 million Well Capitalized
Masters, Mates & Pilots (Mm&P) Credit Union
Credit Union: Well Capitalized Linthicum, Maryland 556.0 $2 million Well Capitalized
Marriott Employees Credit Union
Credit Union: Well Capitalized Bethesda, Maryland 31893.0 $186 million Well Capitalized
Mncppc Credit Union
Credit Union: Well Capitalized College Park, Maryland 1888.0 $13 million Well Capitalized
Maryland Postal Credit Union
Credit Union: Well Capitalized Gaithersburg, Maryland 493.0 $2 million Well Capitalized
Central Credit Union of Maryland,In
Credit Union: Well Capitalized Baltimore, Maryland 6204.0 $40 million Well Capitalized
Lm Credit Union
Credit Union: Well Capitalized Baltimore, Maryland 3567.0 $39 million Well Capitalized

More Credit Unions

See all...
Lafayette Credit Union
Credit Union: Well Capitalized Rockville, Maryland 20604.0 $559 million Well Capitalized
Apl Credit Union
Credit Union: Well Capitalized Laurel, Maryland 22534.0 $487 million Well Capitalized
Freedom of Maryland Credit Union
Credit Union: Well Capitalized Bel Air, Maryland 31714.0 $306 million Well Capitalized
Destinations Credit Union
Credit Union: Well Capitalized Baltimore, Maryland 7682.0 $59 million Well Capitalized
Choptank Electric Coop Employ Credit Union
Credit Union: Well Capitalized Denton, Maryland 309.0 $3 million Well Capitalized
Municipal Empl.Credit Union of Balt
Credit Union: Well Capitalized Baltimore, Maryland 109028.0 $1 billion Well Capitalized
Point Breeze Credit Union
Credit Union: Well Capitalized Hunt Valley, Maryland 57043.0 $766 million Well Capitalized
Boyds Credit Union
Credit Union: Well Capitalized Boyds, Maryland 364.0 $1 million Well Capitalized
State Employees Cu of Maryland, Inc Credit Union
Credit Union: Well Capitalized Linthicum, Maryland 261031.0 $4 billion Well Capitalized
Cedar Point Credit Union
Credit Union: Well Capitalized Lexington Park, Maryland 43659.0 $507 million Well Capitalized

Additional Credit Unions

See all...
U S Postal Service Credit Union
Credit Union: Well Capitalized Clinton, Maryland 24781.0 $239 million Well Capitalized
Selfreliance Balto Credit Union
Credit Union: Well Capitalized Baltimore, Maryland 1142.0 $19 million Well Capitalized
First Peoples Community Credit Union
Credit Union: Well Capitalized Cumberland, Maryland 31840.0 $417 million Well Capitalized
Howard County Education Credit Union
Credit Union: Well Capitalized Ellicott City, Maryland 4084.0 $21 million Well Capitalized
Mid-Atlantic Credit Union
Credit Union: Well Capitalized Germantown, Maryland 24886.0 $309 million Well Capitalized
Nasa Credit Union
Credit Union: Well Capitalized Upper Marlboro, Maryland 159763.0 $3 billion Well Capitalized
Census Credit Union
Credit Union: Well Capitalized Suitland, Maryland 3211.0 $54 million Well Capitalized
Money One Credit Union
Credit Union: Well Capitalized Largo, Maryland 12552.0 $137 million Well Capitalized
Hema Credit Union
Credit Union: Well Capitalized Silver Spring, Maryland 2195.0 $16 million Well Capitalized
Wepco Credit Union
Credit Union: Well Capitalized Bloomington, Maryland 31807.0 $223 million Well Capitalized

All of Asset Brief

See all...

Similar Credit Unions to Montgomery County Employees Credit Union

See all...
Montgomery County Employees Credit Union: Montgomery County Efcu
Credit Union Branch: 19785 Crystal Rock Drive Suite 201
Germantown, Maryland 20874 ATM Available
Montgomery County Employees Credit Union
Credit Union: Well Capitalized Germantown, Maryland 14706.0 $147 million Well Capitalized
Saginaw County Employees Credit Union ATM
Credit Union ATM: 1700 Court Street
Saginaw, Michigan 48602
Montgomery County Employees Credit Union: Silver Spring Branch ATM
Credit Union ATM: 8380 Colesville Road Suite 201
Silver Spring, Maryland 20910
Montgomery County Employees Credit Union: Montgomery County Efcu ATM
Credit Union ATM: 20 Courthouse Square Suite 101
Rockville, Maryland 20850
Montgomery County Employees Credit Union: Silver Spring Branch
Credit Union Branch: 8380 Colesville Road Suite 201
Silver Spring, Maryland 20910 ATM Available
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.
Montgomery County Employees Credit Union: Montgomery County Efcu ATM
Credit Union ATM: 19785 Crystal Rock Drive Suite 201
Germantown, Maryland 20874
Apco Employees Credit Union: Montgomery
Credit Union Branch: 244 Dexter Avenue
Montgomery, Alabama 36104 No ATM
Montgomery County Employees Credit Union: Montgomery County Efcu
Credit Union Branch: 20 Courthouse Square Suite 101
Rockville, Maryland 20850 ATM Available