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Riegelwood Credit Union

Overview
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Riegelwood Credit Union is a federal credit union based in Riegelwood, North Carolina. It has been opened since 1953, for 67 years.

With around $101,430,000 in assets, Riegelwood Credit Union is considered to be a large credit union. It has 3 branches and 3 ATM locations.

About
Address 183 John Riegel Road
Riegelwood, North Carolina 28456
Website http://www.riegelwoodfcu.org
Phone (910) 655-2274
Fax (910) 655-3544
CEO June B. Bigford
President of the Board Hugh Gore
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
12,850 members
Membership type: Multiple common bond – primary other manufacturing
Above average number of members
389:1
Credit union member to staff ratio
389 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$101,426,649
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 7 in North Carolina
Above average number of branches
0.11%
Savings interest rate
Compared to 0.3% nationally
10.60%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 7 in North Carolina
Above average number of branches
Riegelwood Credit Union Branch Locations

Riegelwood Federal Credit Union
183 John Riegel Road
Riegelwood, North Carolina 28456
ATM Available
Riegelwood Federal Credit Union
2065 Andrew Jackson Highway NE
Leland, North Carolina 28451
ATM Available
Members
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12,850 members
Membership type: Multiple common bond – primary other manufacturing
Above average number of members

With 12,850 members, the Riegelwood Credit Union is considered to be a large credit union. It is larger than 75% of credit unions.

Fees
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$29
Average fee per member
The average fee per member at the Riegelwood Credit Union is $29, which is low compared to most credit unions. This rate is lower than 66% 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 Riegelwood Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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389:1
Credit union member to staff ratio
389 per each FTE employee
Compared to 411:1 nationally
Average number of staff
33 staff members
FTE (full-time equivalent)
11% of employees are part-time
31 full-time, 4 part-time

Riegelwood Credit Union has 31 full-time staff members and 4 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 89% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Riegelwood Credit Union has around 389 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$101,426,649
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.
13.1%
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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$8,715
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 63% of credit unions.

Riegelwood Credit Union holds a total of $61,990,000 in loans and leases, which is about $8,715 per member on average.

Savings interest rate
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0.11%
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. Riegelwood Credit Union pays 0.11%.

Loan rates
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10.60%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.78%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
8.81%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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6.60%
New car loan rate
Compared to 4.0% nationally
8.35%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.59%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
5.66%
Other real estate loan rates
Compared to 0.9% nationally
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