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Stoneham Municipal Employees Credit Union
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Stoneham Municipal Employees Credit Union Share
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Overview Share
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Stoneham Municipal Employees Credit Union is a federal credit union based in Stoneham, Massachusetts. It has been opened since 1963, for 59 years.

With around $49,100,000 in assets, Stoneham Municipal Employees Credit Union is considered to be an average size credit union.

About Share
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Address 40 Pine Street
Stoneham, Massachusetts 02180
Website http://www.smefcu.org
Phone (781) 438-3959
Fax (781) 438-6224
CEO Ann Marie Waugh
President of the Board Anita Woodland
Services Offered
Score Card Share
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59 years
Years in business
Opened in 1963
Well Capitalized
Net worth classification
Source: NCUA
4,295 members
Membership type: Multiple common bond – primary federal, state, local government
Average number of members
430:1
Credit union member to staff ratio
430 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$49,102,624
Total assets
Average size
3 branches
Compared with an average of 4 nationally and 3 in Massachusetts
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
11.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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3 branches
Compared with an average of 4 nationally and 3 in Massachusetts
Above average number of branches
Stoneham Municipal Employees Credit Union Branch Locations
Members Share
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4,295 members
Membership type: Multiple common bond – primary federal, state, local government
Average number of members

With 4,295 members, the Stoneham Municipal Employees Credit Union is considered to be a medium size credit union. It is larger than 53% of credit unions.

Fees Share
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$37
Average fee per member
The average fee per member at the Stoneham Municipal Employees Credit Union is $37, which is comparable to most credit unions. This rate is lower than 59% 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 Stoneham Municipal Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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430:1
Credit union member to staff ratio
430 per each FTE employee
Compared to 411:1 nationally
Fewer staff
10 staff members
FTE (full-time equivalent)
33% of employees are part-time
8 full-time, 4 part-time

Stoneham Municipal Employees Credit Union has 8 full-time staff members and 4 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 67% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Stoneham Municipal Employees Credit Union has around 430 members per staff, a higher ratio compared to other credit unions.

Assets Share
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$49,102,624
Total assets
Average size
Net worth Share
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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.
10.3%
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 Share
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$15,090
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 80% of credit unions.

Stoneham Municipal Employees Credit Union holds a total of $21,640,000 in loans and leases, which is about $15,090 per member on average.

Savings interest rate Share
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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. Stoneham Municipal Employees Credit Union pays 0.10%.

Loan rates Share
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11.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
13.40%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.10%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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3.25%
New car loan rate
Compared to 4.0% nationally
3.75%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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4.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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