Home
Contents
Explore
Search

Priority Plus Credit Union

Overview
Back to Top

Priority Plus Credit Union is a federal credit union based in Wilmington, Delaware. It has been opened since 1935, for 85 years.

With around $17,910,000 in assets, Priority Plus Credit Union is considered to be a medium size credit union.

About
Address 6 Lynam Street
Wilmington, Delaware 19804
Website http://www.priorityplusfcu.org
Phone (302) 633-6480
Fax (302) 633-6481
CEO Susan K. Winward
President of the Board Robert Wilkerson
Services Offered
Map
Back to Top
Score Card
Back to Top
85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
1,941 members
Membership type: Multiple common bond – primary federal, state, local government
Below average number of members
485:1
Credit union member to staff ratio
485 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$17,911,424
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Delaware
Average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
12.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
Back to Top
1 branch
Compared with an average of 4 nationally and 3 in Delaware
Average number of branches
Priority Plus Credit Union Branch Locations

Priority Plus Credit Union: 6 Lynam Street
6 Lynam Street
Wilmington, Delaware 19804
No ATM
Members
Back to Top
1,941 members
Membership type: Multiple common bond – primary federal, state, local government
Below average number of members

With 1,941 members, the Priority Plus Credit Union is considered to be a small credit union. It is smaller than 66% of credit unions.

Fees
Back to Top
$37
Average fee per member
The average fee per member at the Priority Plus 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 Priority Plus Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
Back to Top
485:1
Credit union member to staff ratio
485 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

Priority Plus 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. Priority Plus Credit Union has around 485 members per staff, a higher ratio compared to other credit unions.

Assets
Back to Top
$17,911,424
Total assets
Below average
Net worth
Back to Top
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.
18.6%
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
Back to Top
$7,620
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 73% of credit unions.

Priority Plus Credit Union holds a total of $7,630,000 in loans and leases, which is about $7,620 per member on average.

Savings interest rate
Back to Top
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. Priority Plus Credit Union pays 0.25%.

Loan rates
Back to Top
12.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.07%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.22%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
Back to Top
3.91%
New car loan rate
Compared to 4.0% nationally
6.30%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
Back to Top
5.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
2.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
Provident Credit Union
Location
Dover, Delaware
Members
1548
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
12.50%
Read More
New Castle County Delaware Employee Credit Union
Location
New Castle, Delaware
Members
2489
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
12.00%
Read More
Stepping Stones Community Credit Union
Location
Wilmington, Delaware
Members
414
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
Eagle One Credit Union
Location
Claymont, Delaware
Members
11,371
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
9.90%
Read More
American Spirit Credit Union
Location
Newark, Delaware
Members
13,147
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
9.80%
Read More
Del-One Credit Union
Location
Dover, Delaware
Members
66,162
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
11.50%
Read More