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Mountain Empire Credit Union

Overview
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Mountain Empire Credit Union is a federal credit union based in Marion, Virginia. It has been opened since 1952, for 68 years.

With around $17,310,000 in assets, Mountain Empire Credit Union is considered to be a medium size credit union. It has 1 branches and 1 ATM locations.

About
Address 1413 North Main St-++
Marion, Virginia 24354
Website https://www.mountainempirefcu.org
Phone (276) 782-9639
Fax (276) 783-9303
CEO Jeannie P. Hunt
President of the Board Amanda Currin
Services Offered
Map
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Score Card
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68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
4,097 members
Membership type: Community credit union
Average number of members
390:1
Credit union member to staff ratio
390 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$17,312,261
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 4 in Virginia
Average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
9.90%
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 4 in Virginia
Average number of branches
Mountain Empire Credit Union Branch Locations

Mountain Empire Federal Credit Union
1413 North Main Street
Marion, Virginia 24354
ATM Available
Members
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4,097 members
Membership type: Community credit union
Average number of members

With 4,097 members, the Mountain Empire Credit Union is considered to be a medium size credit union. It is larger than 52% of credit unions.

Fees
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$45
Average fee per member
The average fee per member at the Mountain Empire 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 Mountain Empire Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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390:1
Credit union member to staff ratio
390 per each FTE employee
Compared to 411:1 nationally
Average number of staff
10 staff members
FTE (full-time equivalent)
9% of employees are part-time
10 full-time, 1 part-time

Mountain Empire Credit Union has 10 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 91% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Mountain Empire Credit Union has around 390 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$17,312,261
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.
10.0%
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
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$6,678
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 80% of credit unions.

Mountain Empire Credit Union holds a total of $10,520,000 in loans and leases, which is about $6,678 per member on average.

Savings interest rate
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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. Mountain Empire Credit Union pays 0.15%.

Loan rates
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9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.04%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.55%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.03%
New car loan rate
Compared to 4.0% nationally
5.35%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.33%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally