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Opp-Micolas Credit Union Share
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Overview Share
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Opp-Micolas Credit Union is a federally insured state credit union based in Opp, Alabama. It has been opened since 1954, for 68 years.

With around $12,330,000 in assets, Opp-Micolas Credit Union is considered to be a medium size credit union.

About Share
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Address P.O. Drawer 70
Opp, Alabama 36467
Phone (334) 493-6434
Fax (334) 493-2357
CEO Kyler Frazier
President of the Board Danny Faulk
Services Offered
Score Card Share
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68 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
1,875 members
Membership type: State chartered natural person credit union
Below average number of members
469:1
Credit union member to staff ratio
469 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$12,334,739
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 4 in Alabama
Average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 4 in Alabama
Average number of branches
Opp-Micolas Credit Union Branch Locations

Opp-Micolas Credit Union: Opp-Micolas
901 Douglas Avenue
Opp, Alabama 36467
No ATM
Members Share
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1,875 members
Membership type: State chartered natural person credit union
Below average number of members

With 1,875 members, the Opp-Micolas Credit Union is considered to be a small credit union. It is smaller than 67% of credit unions.

Fees Share
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$9
Average fee per member
The average fee per member at the Opp-Micolas Credit Union is $9, which is very low compared to most credit unions. This rate is lower than 83% 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 Opp-Micolas Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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469:1
Credit union member to staff ratio
469 per each FTE employee
Compared to 411:1 nationally
Fewer staff
4 staff members
FTE (full-time equivalent)
0% of employees are part-time
4 full-time, 0 part-time

Opp-Micolas Credit Union has 4 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. Opp-Micolas Credit Union has around 469 members per staff, a higher ratio compared to other credit unions.

Assets Share
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$12,334,739
Total assets
Below average
Net worth Share
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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.
26.2%
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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$10,723
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 55% of credit unions.

Opp-Micolas Credit Union holds a total of $4,150,000 in loans and leases, which is about $10,723 per member on average.

Savings interest rate Share
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0.25%
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. Opp-Micolas Credit Union pays 0.25%.

Loan rates Share
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18.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
12.00%
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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8.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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6.90%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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