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Mycom Credit Union

Overview
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Mycom Credit Union is a federal credit union based in Pittsfield, Massachusetts. It has been opened since 1955, for 65 years.

With around $19,300,000 in assets, Mycom Credit Union is considered to be a medium size credit union. It has 1 branches and 1 ATM locations.

About
Address 101 Fenn Street
Pittsfield, Massachusetts 01201
Website http://www.mycomcu.org
Phone (413) 442-6501
Fax (413) 442-9557
CEO Nancy Canino
President of the Board Ann Dobrowolski
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
2,232 members
Membership type: Community credit union
Below average number of members
558:1
Credit union member to staff ratio
558 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$19,302,617
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Massachusetts
Average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
12.99%
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 3 in Massachusetts
Average number of branches
Mycom Credit Union Branch Locations

Mycom Federal Credit Union
101 Fenn Street
Pittsfield, Massachusetts 01201
ATM Available
Members
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2,232 members
Membership type: Community credit union
Below average number of members

With 2,232 members, the Mycom Credit Union is considered to be a small credit union. It is smaller than 62% of credit unions.

Fees
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$73
Average fee per member
The average fee per member at the Mycom Credit Union is $73, which is high compared to most credit unions. This rate is higher than 69% 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 Mycom Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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558:1
Credit union member to staff ratio
558 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
4 staff members
FTE (full-time equivalent)
40% of employees are part-time
3 full-time, 2 part-time

Mycom Credit Union has 3 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 60% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Mycom Credit Union has around 558 members per staff, a high ratio compared to other credit unions.

Assets
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$19,302,617
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.
12.9%
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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$8,176
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 68% of credit unions.

Mycom Credit Union holds a total of $9,500,000 in loans and leases, which is about $8,176 per member on average.

Savings interest rate
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0.10%
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. Mycom Credit Union pays 0.10%.

Loan rates
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12.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
15.12%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.90%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.16%
New car loan rate
Compared to 4.0% nationally
6.44%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.60%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
6.95%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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