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Waukegan Municipal Employees Credit Union Share
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Overview Share
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Waukegan Municipal Employees Credit Union is a federally insured state credit union based in Waukegan, Illinois. It has been opened since 1937, for 85 years.

With around $1,360,000 in assets, Waukegan Municipal Employees Credit Union is considered to be a small credit union.

About Share
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Address 100 North Martin Luther King Jr. Avenue
Waukegan, Illinois 60085
Phone (847) 599-2579
Fax (847) 263-9834
CEO Diana Wright
President of the Board Timothy Zegar
Services Offered
Score Card Share
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85 years
Years in business
Opened in 1937
Well Capitalized
Net worth classification
Source: NCUA
274 members
Membership type: State chartered natural person credit union
Below average number of members
548:1
Credit union member to staff ratio
548 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$1,358,301
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 2 in Illinois
Above average number of branches
1.25%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 2 in Illinois
Above average number of branches
Waukegan Municipal Employees Credit Union Branch Locations

Waukegan Municipal Employees Credit Union
100 North Martin Luther King Jr Avenue
Waukegan, Illinois 60085
No ATM
Waukegan Municipal Employees Credit Union: Fed Comp
10300 Eaton Pl Suite 260
Fairfax, Virginia 22030
No ATM
Members Share
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274 members
Membership type: State chartered natural person credit union
Below average number of members

With 274 members, the Waukegan Municipal Employees Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 95% of credit unions.

Fees Share
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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 Waukegan Municipal Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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548:1
Credit union member to staff ratio
548 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
0 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 1 part-time

Waukegan Municipal Employees Credit Union has 0 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 100% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Waukegan Municipal Employees Credit Union has around 548 members per staff, a high ratio compared to other credit unions.

Assets Share
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$1,358,301
Total assets
Below average
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.
11.5%
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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$7,649
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 72% of credit unions.

Waukegan Municipal Employees Credit Union holds a total of $950,000 in loans and leases, which is about $7,649 per member on average.

Savings interest rate Share
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1.25%
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. Waukegan Municipal Employees Credit Union pays 1.25%.

Loan rates Share
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10.25%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.00%
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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6.00%
New car loan rate
Compared to 4.0% nationally
8.25%
Used car loan rate
Compared to 5.2% nationally

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Waukegan Municipal Employees Credit Union: Fed Comp
Credit Union Branch: 10300 Eaton Pl Suite 260
Fairfax, Virginia 22030 No ATM
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Service Credit Union Routing Number
Resource: Service Credit Union Routing Number Service Credit Union is a credit union based in Portsmouth, New Hampshire. Service Credit Union’s US routing number is 211489656.