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My Pensacola Credit Union

Overview
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My Pensacola Credit Union is a federal credit union based in Pensacola, Florida. It has been opened since 1953, for 67 years.

With around $69,430,000 in assets, My Pensacola Credit Union is considered to be a large credit union. It has 1 branches and 1 ATM locations.

About
Address 108 S. Reus Street
Pensacola, Florida 32502
Website https://www.MyPensacolaCU.com
Phone (850) 432-9939
Fax (850) 435-9767
CEO James Phetteplace
President of the Board James Kutzer
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
4,937 members
Membership type: Community credit union
Average number of members
290:1
Credit union member to staff ratio
290 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$69,425,390
Total assets
Above average
1 branch
Compared with an average of 4 nationally and 7 in Florida
Average number of branches
0.30%
Savings interest rate
Compared to 0.3% nationally
13.90%
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 7 in Florida
Average number of branches
My Pensacola Credit Union Branch Locations

My Pensacola Credit Union: Main Office
108 S. Reus Street
Pensacola, Florida 32502
ATM Available
Members
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4,937 members
Membership type: Community credit union
Average number of members

With 4,937 members, the My Pensacola Credit Union is considered to be a medium size credit union. It is larger than 56% of credit unions.

Fees
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$83
Average fee per member
The average fee per member at the My Pensacola Credit Union is $83, which is high compared to most credit unions. This rate is higher than 76% 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 My Pensacola Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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290:1
Credit union member to staff ratio
290 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
17 staff members
FTE (full-time equivalent)
11% of employees are part-time
16 full-time, 2 part-time

My Pensacola Credit Union has 16 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 89% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. My Pensacola Credit Union has around 290 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$69,425,390
Total assets
Above 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.
18.0%
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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$8,468
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 65% of credit unions.

My Pensacola Credit Union holds a total of $24,900,000 in loans and leases, which is about $8,468 per member on average.

Savings interest rate
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0.30%
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. My Pensacola Credit Union pays 0.30%.

Loan rates
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13.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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1.99%
New car loan rate
Compared to 4.0% nationally
2.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.63%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.99%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally