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Msba Employees Credit Union Share
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Overview Share
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Msba Employees Credit Union is a federal credit union based in Garden City, New York. It has been opened since 1979, for 43 years.

With around $5,110,000 in assets, Msba Employees Credit Union is considered to be a small credit union. It has 1 branches and 1 ATM locations.

About Share
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Address 700 Commercial Avenue
Garden City, New York 11530
Website http://www.msbaefcu.org
Phone (516) 766-0009
Fax (516) 766-2491
CEO Julia Mclaughlin
President of the Board Morris Crawford
Services Offered
Score Card Share
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43 years
Years in business
Opened in 1979
Undercapitalized
Net worth classification
Source: NCUA
1,346 members
Membership type: Service -transportation
Below average number of members
673:1
Credit union member to staff ratio
673 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$5,108,409
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in New York
Above average number of branches
0.02%
Savings interest rate
Compared to 0.3% nationally
11.10%
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 3 in New York
Above average number of branches
Msba Employees Credit Union Branch Locations

Msba Employees Credit Union: Nefcu
1000 Corporate Drive
Westbury, New York 11590
No ATM
Msba Employees Federal Credit Union
700 Commercial Avenue
Garden City, New York 11530
ATM Available
Members Share
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1,346 members
Membership type: Service -transportation
Below average number of members

With 1,346 members, the Msba Employees Credit Union is considered to be a small credit union. It is smaller than 75% of credit unions.

Fees Share
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$89
Average fee per member
The average fee per member at the Msba Employees Credit Union is $89, which is high compared to most credit unions. This rate is higher than 79% 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 Msba Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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673:1
Credit union member to staff ratio
673 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
2 staff members
FTE (full-time equivalent)
0% of employees are part-time
2 full-time, 0 part-time

Msba Employees Credit Union has 2 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. Msba Employees Credit Union has around 673 members per staff, a high ratio compared to other credit unions.

Assets Share
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$5,108,409
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.
5.0%
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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$2,601
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 97% of credit unions.

Msba Employees Credit Union holds a total of $2,090,000 in loans and leases, which is about $2,601 per member on average.

Savings interest rate Share
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0.02%
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. Msba Employees Credit Union pays 0.02%.

Loan rates Share
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11.10%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.32%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
1.75%
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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7.18%
New car loan rate
Compared to 4.0% nationally
6.45%
Used car loan rate
Compared to 5.2% nationally

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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.
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Westbury, New York 11590 No ATM
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