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Pasadena Municipal Credit Union

Overview
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Pasadena Municipal Credit Union is a federal credit union based in Pasadena, Texas. It has been opened since 1954, for 66 years.

With around $12,060,000 in assets, Pasadena Municipal Credit Union is considered to be a medium size credit union.

About
Address P.O. Box 1274
Pasadena, Texas 77501
Phone (713) 477-4068
Fax (713) 472-6957
CEO Susan T. Hardy
President of the Board Larry Hovey
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
1,467 members
Membership type: Federal, State, Local Government
Below average number of members
734:1
Credit union member to staff ratio
734 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$12,063,809
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
1.00%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Texas
Above average number of branches
Pasadena Municipal Credit Union Branch Locations

Pasadena Municipal Credit Union: Pmfcu
1155 Strawberry Road
Pasadena, Texas 77506
No ATM
Pasadena Municipal Credit Union: Location of Records
1155 Strawberry Road
Pasadena, Texas 77506
No ATM
Members
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1,467 members
Membership type: Federal, State, Local Government
Below average number of members

With 1,467 members, the Pasadena Municipal Credit Union is considered to be a small credit union. It is smaller than 73% of credit unions.

Fees
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$14
Average fee per member
The average fee per member at the Pasadena Municipal Credit Union is $14, which is low compared to most credit unions. This rate is lower than 78% 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 Pasadena Municipal Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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734:1
Credit union member to staff ratio
734 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
2 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 4 part-time

Pasadena Municipal Credit Union has 0 full-time staff members and 4 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 100% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Pasadena Municipal Credit Union has around 734 members per staff, a high ratio compared to other credit unions.

Assets
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$12,063,809
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.
18.2%
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
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$6,528
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 81% of credit unions.

Pasadena Municipal Credit Union holds a total of $5,250,000 in loans and leases, which is about $6,528 per member on average.

Savings interest rate
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1.00%
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. Pasadena Municipal Credit Union pays 1.00%.

Loan rates
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14.50%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.90%
New car loan rate
Compared to 4.0% nationally
4.50%
Used car loan rate
Compared to 5.2% nationally
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