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Savannah Schools Credit Union

Overview
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Savannah Schools Credit Union is a federal credit union based in Savannah, Georgia. It has been opened since 1954, for 66 years.

With around $32,370,000 in assets, Savannah Schools Credit Union is considered to be an average size credit union.

About
Address 4673 E. Highway 80
Savannah, Georgia 31410
Website http://www.ssfcuonline.org
Phone (912) 236-0919
Fax (912) 231-1422
CEO Derrick Rumph
President of the Board Patricia Harris
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
4,323 members
Membership type: Multiple common bond – other
Average number of members
480:1
Credit union member to staff ratio
480 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$32,374,182
Total assets
Average size
2 branches
Compared with an average of 4 nationally and 4 in Georgia
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
9.00%
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 4 in Georgia
Above average number of branches
Savannah Schools Credit Union Branch Locations

Savannah Schools Credit Union: Mall Boulevard
401 Mall Boulevard Suite 102F
Savannah, Georgia 31406
No ATM
Savannah Schools Credit Union: Main Office
4673 US Highway 80 E.
Savannah, Georgia 31410
No ATM
Members
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4,323 members
Membership type: Multiple common bond – other
Average number of members

With 4,323 members, the Savannah Schools Credit Union is considered to be a medium size credit union. It is larger than 54% of credit unions.

Fees
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$70
Average fee per member
The average fee per member at the Savannah Schools Credit Union is $70, which is high compared to most credit unions. This rate is higher than 66% 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 Savannah Schools Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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480:1
Credit union member to staff ratio
480 per each FTE employee
Compared to 411:1 nationally
Fewer staff
9 staff members
FTE (full-time equivalent)
0% of employees are part-time
9 full-time, 0 part-time

Savannah Schools Credit Union has 9 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. Savannah Schools Credit Union has around 480 members per staff, a higher ratio compared to other credit unions.

Assets
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$32,374,182
Total assets
Average size
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.
12.2%
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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$5,267
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 89% of credit unions.

Savannah Schools Credit Union holds a total of $13,310,000 in loans and leases, which is about $5,267 per member on average.

Savings interest rate
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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. Savannah Schools Credit Union pays 0.25%.

Loan rates
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9.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
15.59%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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5.62%
New car loan rate
Compared to 4.0% nationally
7.67%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.92%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
7.35%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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