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Puerto Rico Credit Union

Overview
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Puerto Rico Credit Union is a federal credit union based in Caparra, Puerto Rico. It has been opened since 1960, for 60 years.

With around $146,550,000 in assets, Puerto Rico Credit Union is considered to be a large credit union. It has 2 branches and 1 ATM locations.

About
Address 55 Resolucion Street,Esq., Roosevel
Caparra, Puerto Rico 00920
Website http://www.prfedcu.com
Phone (787) 749-0500
Fax (787) 749-8765
CEO Jomar Martinez Gomez
President of the Board Gregorio Ramos
Services Offered
Map
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Score Card
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60 years
Years in business
Opened in 1960
Well Capitalized
Net worth classification
Source: NCUA
22,615 members
Membership type: Multiple common bond – primary communications and utilities
Above average number of members
628:1
Credit union member to staff ratio
628 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$146,549,968
Total assets
Above average
2 branches
Compared with an average of 4 nationally and 3 in Puerto Rico
Above average number of branches
0.50%
Savings interest rate
Compared to 0.3% nationally
13.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 3 in Puerto Rico
Above average number of branches
Puerto Rico Credit Union Branch Locations

Puerto Rico Credit Union: Pr Federal Credit Union
55 Calle Resolucion
Caparra, Puerto Rico 00920
ATM Available
Members
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22,615 members
Membership type: Multiple common bond – primary communications and utilities
Above average number of members

With 22,615 members, the Puerto Rico Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 83% of credit unions.

Fees
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$8
Average fee per member
The average fee per member at the Puerto Rico Credit Union is $8, which is very low compared to most credit unions. This rate is lower than 84% 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 Puerto Rico Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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628:1
Credit union member to staff ratio
628 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
36 staff members
FTE (full-time equivalent)
0% of employees are part-time
36 full-time, 0 part-time

Puerto Rico Credit Union has 36 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. Puerto Rico Credit Union has around 628 members per staff, a high ratio compared to other credit unions.

Assets
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$146,549,968
Total assets
Above 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.
15.4%
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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$12,997
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 70% of credit unions.

Puerto Rico Credit Union holds a total of $91,280,000 in loans and leases, which is about $12,997 per member on average.

Savings interest rate
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0.50%
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. Puerto Rico Credit Union pays 0.50%.

Loan rates
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13.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
7.59%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.29%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.12%
New car loan rate
Compared to 4.0% nationally
6.02%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.27%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally