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New Castle County School Emp Credit Union

Overview
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New Castle County School Emp Credit Union is a federal credit union based in New Castle, Delaware. It has been opened since 1953, for 67 years.

With around $43,300,000 in assets, New Castle County School Emp Credit Union is considered to be an average size credit union.

About
Address P.O. Box 232
New Castle, Delaware 19720
Website http://www.edufcu.org
Phone (302) 613-5330
Fax (302) 613-5350
CEO Terri L. Keene
President of the Board David Taylor
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
10,656 members
Membership type: Multiple common bond – primary educational
Above average number of members
520:1
Credit union member to staff ratio
520 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$43,303,682
Total assets
Average size
4 branches
Compared with an average of 4 nationally and 3 in Delaware
Above average number of branches
0.01%
Savings interest rate
Compared to 0.3% nationally
9.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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4 branches
Compared with an average of 4 nationally and 3 in Delaware
Above average number of branches
New Castle County School Emp Credit Union Branch Locations
Members
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10,656 members
Membership type: Multiple common bond – primary educational
Above average number of members

With 10,656 members, the New Castle County School Emp Credit Union is considered to be a large credit union. It is larger than 72% of credit unions.

Fees
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$37
Average fee per member
The average fee per member at the New Castle County School Emp Credit Union is $37, which is comparable to most credit unions. This rate is lower than 59% 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 New Castle County School Emp Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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520:1
Credit union member to staff ratio
520 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
20 staff members
FTE (full-time equivalent)
42% of employees are part-time
15 full-time, 11 part-time

New Castle County School Emp Credit Union has 15 full-time staff members and 11 part-time staff members. The staff is comprised of part-time and full-time staff, with part-time staff approximately 42% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. New Castle County School Emp Credit Union has around 520 members per staff, a high ratio compared to other credit unions.

Assets
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$43,303,682
Total assets
Average size
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.
7.1%
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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$7,237
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 76% of credit unions.

New Castle County School Emp Credit Union holds a total of $17,730,000 in loans and leases, which is about $7,237 per member on average.

Savings interest rate
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0.01%
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. New Castle County School Emp Credit Union pays 0.01%.

Loan rates
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9.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.01%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.50%
New car loan rate
Compared to 4.0% nationally
3.15%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally