Muskegon St Joseph Credit Union Profile

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Muskegon St Joseph Credit Union is a federal credit union based in Muskegon, Michigan. It has been opened since 1952, for 68 years.

With around $11,770,000 in assets, Muskegon St Joseph Credit Union is considered to be a medium size credit union.

Address	1903 Barclay Street Muskegon, Michigan 49441
Phone	(231) 759-7931
Fax	(231) 759-7432
CEO	Mary L. Kleinsorge
President of the Board	Jeffrey Bolduc
Services Offered	No Phone Services No ATMs No Online Services

Years in business

Opened in 1952

Net worth classification

Source: NCUA

Membership type: Associational – faith based

Below average number of members

Credit union member to staff ratio

501 per each FTE employee
Compared to 411:1 nationally

Less staff than other credit unions

Total assets

Below average

Compared with an average of 4 nationally and 4 in Michigan

Average number of branches

Savings interest rate

Compared to 0.3% nationally

Compared with an average of 4 nationally and 4 in Michigan

Average number of branches

1903 Barclay Street
Muskegon, Michigan 49441

No ATM

(231) 759-7931

Membership type: Associational – faith based

Below average number of members

With 1,503 members, the Muskegon St Joseph Credit Union is considered to be a small credit union. It is smaller than 72% of credit unions.

Average fee per member

The average fee per member at the Muskegon St Joseph Credit Union is $6, which is very low compared to most credit unions. This rate is lower than 86% 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 Muskegon St Joseph Credit Union. Some credit unions tend to charge more fees, while others charge less.

Credit union member to staff ratio

501 per each FTE employee
Compared to 411:1 nationally

Less staff than other credit unions

FTE (full-time equivalent)

50% of employees are part-time

2 full-time, 2 part-time

Muskegon St Joseph Credit Union has 2 full-time staff members and 2 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. Muskegon St Joseph Credit Union has around 501 members per staff, a high ratio compared to other credit unions.

Total assets

Below average

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.

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.

Average loan and lease size

Loan & lease sizes are average sized. They are bigger than at 45% of credit unions.

Muskegon St Joseph Credit Union holds a total of $7,060,000 in loans and leases, which is about $9,590 per member on average.

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. Muskegon St Joseph Credit Union pays 1.25%.