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Ray Credit Union

Overview
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Ray Credit Union is a federal credit union based in Kearny, Arizona. It has been opened since 1955, for 65 years.

With around $8,480,000 in assets, Ray Credit Union is considered to be a medium size credit union. It has 2 branches and 2 ATM locations.

About
Address Po Box 1089
Kearny, Arizona 85137
Website http://www.rayfcu.org
Phone (520) 363-5681
Fax (520) 363-5688
CEO Dan Thurman
President of the Board Ralph Dubois Iii
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
2,287 members
Membership type: Multiple common bond – primary and fabricated metals
Below average number of members
269:1
Credit union member to staff ratio
269 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$8,478,003
Total assets
Below average
2 branches
Compared with an average of 4 nationally and 5 in Arizona
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
Branches
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2 branches
Compared with an average of 4 nationally and 5 in Arizona
Above average number of branches
Ray Credit Union Branch Locations

Ray Federal Credit Union - Superior Branch
161 W. Main Street
Superior, Arizona 85173
ATM Available
Ray Federal Credit Union
112 Williams Lane
Kearny, Arizona 85137
ATM Available
Members
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2,287 members
Membership type: Multiple common bond – primary and fabricated metals
Below average number of members

With 2,287 members, the Ray Credit Union is considered to be a small credit union. It is smaller than 62% of credit unions.

Fees
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$105
Average fee per member
The average fee per member at the Ray Credit Union is $105, which is very high compared to most credit unions. This rate is higher than 86% of all credit unions.
Fees are higher 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 Ray Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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269:1
Credit union member to staff ratio
269 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
8 staff members
FTE (full-time equivalent)
45% of employees are part-time
6 full-time, 5 part-time

Ray Credit Union has 6 full-time staff members and 5 part-time staff members. The staff is comprised of part-time and full-time staff, with part-time staff approximately 45% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Ray Credit Union has around 269 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$8,478,003
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.
9.4%
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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$5,109
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 90% of credit unions.

Ray Credit Union holds a total of $6,430,000 in loans and leases, which is about $5,109 per member on average.

Savings interest rate
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0.10%
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. Ray Credit Union pays 0.10%.

Loan rates
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13.04%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
9.25%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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6.74%
New car loan rate
Compared to 4.0% nationally
10.23%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.36%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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Net Worth Classification
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Average Fee
Credit Card Loan Interest Rate
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