Home
Contents
Explore
Search

Reno City Employees Credit Union

Overview
Back to Top

Reno City Employees Credit Union is a federal credit union based in Reno, Nevada. It has been opened since 1952, for 68 years.

With around $32,000,000 in assets, Reno City Employees Credit Union is considered to be an average size credit union.

About
Address 386 Holcomb Avenue
Reno, Nevada 89502
Website http://RCEFCU.com
Phone (775) 334-2038
Fax (775) 334-2440
CEO Marven D. Jeppson
President of the Board Barbara Korosa
Services Offered
Map
Back to Top
Score Card
Back to Top
68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
2,274 members
Membership type: Federal, State, Local Government
Below average number of members
505:1
Credit union member to staff ratio
505 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$31,997,544
Total assets
Average size
0 branches
Compared with an average of 4 nationally and 5 in Nevada
Average number of branches
0.23%
Savings interest rate
Compared to 0.3% nationally
Branches
Back to Top
0 branches
Compared with an average of 4 nationally and 5 in Nevada
Average number of branches
Reno City Employees Credit Union Branch Locations
Members
Back to Top
2,274 members
Membership type: Federal, State, Local Government
Below average number of members

With 2,274 members, the Reno City Employees Credit Union is considered to be a small credit union. It is smaller than 62% of credit unions.

Fees
Back to Top
$34
Average fee per member
The average fee per member at the Reno City Employees Credit Union is $34, which is low compared to most credit unions. This rate is lower than 62% 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 Reno City Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
Back to Top
505:1
Credit union member to staff ratio
505 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
4 staff members
FTE (full-time equivalent)
20% of employees are part-time
4 full-time, 1 part-time

Reno City Employees Credit Union has 4 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 80% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Reno City Employees Credit Union has around 505 members per staff, a high ratio compared to other credit unions.

Assets
Back to Top
$31,997,544
Total assets
Average size
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.
8.8%
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
$10,407
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 53% of credit unions.

Reno City Employees Credit Union holds a total of $13,090,000 in loans and leases, which is about $10,407 per member on average.

Savings interest rate
Back to Top
0.23%
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. Reno City Employees Credit Union pays 0.23%.

Loan rates
Back to Top
11.51%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.95%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
Back to Top
4.66%
New car loan rate
Compared to 4.0% nationally
4.65%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
Back to Top
4.76%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.25%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally