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Morton Weeks Credit Union Share
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Overview Share
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Morton Weeks Credit Union is a federal credit union based in Lydia, Louisiana. It has been opened since 1966, for 56 years.

With around $8,530,000 in assets, Morton Weeks Credit Union is considered to be a medium size credit union.

About Share
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Address Po Box 456
Lydia, Louisiana 70569
Phone (337) 367-5503
Fax (337) 367-5633
CEO Lori V. Landry
President of the Board Ronald Landry
Services Offered
Score Card Share
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56 years
Years in business
Opened in 1966
Well Capitalized
Net worth classification
Source: NCUA
1,378 members
Membership type: Multiple common bond – primary other manufacturing
Below average number of members
459:1
Credit union member to staff ratio
459 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$8,532,497
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 2 in Louisiana
Average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
9.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 2 in Louisiana
Average number of branches
Morton Weeks Credit Union Branch Locations

Morton Weeks Credit Union: Member Services
4017 Darnall Road
New Iberia, Louisiana 70560
No ATM
Members Share
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1,378 members
Membership type: Multiple common bond – primary other manufacturing
Below average number of members

With 1,378 members, the Morton Weeks Credit Union is considered to be a small credit union. It is smaller than 74% of credit unions.

Fees Share
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$15
Average fee per member
The average fee per member at the Morton Weeks Credit Union is $15, which is low compared to most credit unions. This rate is lower than 77% of all credit unions.
Fees are lower 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 Morton Weeks Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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459:1
Credit union member to staff ratio
459 per each FTE employee
Compared to 411:1 nationally
Fewer staff
3 staff members
FTE (full-time equivalent)
0% of employees are part-time
3 full-time, 0 part-time

Morton Weeks Credit Union has 3 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Morton Weeks Credit Union has around 459 members per staff, a higher ratio compared to other credit unions.

Assets Share
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$8,532,497
Total assets
Below average
Net worth Share
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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.
12.0%
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
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$9,265
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 42% of credit unions.

Morton Weeks Credit Union holds a total of $3,610,000 in loans and leases, which is about $9,265 per member on average.

Savings interest rate Share
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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. Morton Weeks Credit Union pays 0.15%.

Loan rates Share
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9.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.80%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.25%
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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2.24%
New car loan rate
Compared to 4.0% nationally
4.00%
Used car loan rate
Compared to 5.2% nationally

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