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St. Francis X Credit Union

Overview
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St. Francis X Credit Union is a federal credit union based in Petoskey, Michigan. It has been opened since 1951, for 69 years.

With around $142,060,000 in assets, St. Francis X Credit Union is considered to be a large credit union. It has 4 branches and 4 ATM locations.

About
Address 2140 M. 119
Petoskey, Michigan 49770
Website http://www.stfranciscu.org
Phone (231) 348-7690
CEO Scott Bingaman
President of the Board Fred Bailey
Services Offered
Map
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Score Card
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69 years
Years in business
Opened in 1951
Well Capitalized
Net worth classification
Source: NCUA
8,535 members
Membership type: Unknown
Above average number of members
316:1
Credit union member to staff ratio
316 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$142,062,083
Total assets
Above average
4 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
0.20%
Savings interest rate
Compared to 0.3% nationally
9.25%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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4 branches
Compared with an average of 4 nationally and 4 in Michigan
Above average number of branches
St. Francis X Credit Union Branch Locations

Street Francis X. Federal Credit Union
224 State Street
Petoskey, Michigan 49770
ATM Available
Street Francis X. Federal Credit Union
7681 S. State Road
Harbor Springs, Michigan 49740
ATM Available
Street Francis X. Federal Credit Union
2140 M. 119
Petoskey, Michigan 49770
ATM Available
Members
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8,535 members
Membership type: Unknown
Above average number of members

With 8,535 members, the St. Francis X Credit Union is considered to be a large credit union. It is larger than 67% of credit unions.

Fees
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$43
Average fee per member
The average fee per member at the St. Francis X Credit Union is $43, which is comparable to most credit unions. This rate is lower than 54% of all credit unions.
Fees are 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 St. Francis X Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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316:1
Credit union member to staff ratio
316 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
27 staff members
FTE (full-time equivalent)
0% of employees are part-time
27 full-time, 0 part-time

St. Francis X Credit Union has 27 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. St. Francis X Credit Union has around 316 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$142,062,083
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.
15.8%
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
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$27,885
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 97% of credit unions.

St. Francis X Credit Union holds a total of $98,660,000 in loans and leases, which is about $27,885 per member on average.

Savings interest rate
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0.20%
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. St. Francis X Credit Union pays 0.20%.

Loan rates
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9.25%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.99%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.49%
New car loan rate
Compared to 4.0% nationally
3.49%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.75%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally