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910-577-7333
P.O. Box 1551
Jacksonville, NC 28541

Marine Federal Credit Union is headquartered in Jacksonville and is the 6th largest credit union in the state of North Carolina. It is also the 303rd largest credit union in the nation. It was established in 1959 and as of December of 2013, it had grown to 291 employees and 103,431 members. Marine Federal Credit Union's savings rates are 6X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Active and retired members of the following are eligible to join Marine FCU: Military, D.O.D., and Non-Appropriated Fund Civilians associated with MCB Camp Lejeune and MCAS New River, Jacksonville, North Carolina, and MCB Quantico, Virginia, as well as any US Armed Forces, their dependents or dependent survivors eligible to receive benefits or services from the above military installations. You can also qualify for membership via other employers and qualified organizations. - See Details

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Reviews (3)

Terrible Customer Service

This bank is awful. Terrible customer service, and it seems as if their system is down every other day. It took me THREE WEEKS to get in contact with someone about an auto loan, even after calling every day and leaving messages.

Rate Changes As Of 4/1/2010

Rate Changes as of 4/1/2010, Marine FCU Bravo Checking interest rate drops from 5.00% APY to 3.50% APY on balances up to $15,000 (previously, it was balances up to $25,000).

MFCU Is Garbage

Terrible bank, their employees are snakes. Go with a different credit union.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Marine Federal Credit Union had $5.72 million in non-current loans and owned real-estate with $68.13 million in equity and loan loss allowances on hand to cover it. This gives Marine Federal Credit Union a Texas Ratio of 8.39% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Marine Federal Credit Union experienced no significant changes from 6.19% as of December 31, 2012 to 8.39% as of December 31, 2013, resulting in a negative change of 35.56%. This indicates that the balance sheet and financial strength for Marine Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Marine Federal Credit Union has increased its total deposits by $16.29 million, resulting in 2.53% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Marine Federal Credit Union has shown is above average.

Capitalization

GRADE:
C+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Marine Federal Credit Union has $731.36 million in assets with $68.13 million in equity, resulting in a capitalization level of 9.32%, which is average.

Institution Statistics

Overall
NCUA #12977
Year Chartered1959
Employees291
Primary Regulator
Assets and Liabilities
Assets$731.37 million
Loans$490.63 million
Deposits$659.46 million
Equity Capital$63.60 million
Loan Loss Allowance$4.53 million
Unbacked Noncurrent Loans$4.43 million
Real Estate Owned$1.29 million
Historic Data - December 2012
Assets$714.11 million
Equity Capital$62.36 million
Loan Loss Allowance$5.54 million
Unbacked Noncurrent Loans$4.43 million
Real Estate Owned$1.08 million
Profit Margin - Quarterly
Net Interest Margin4.52%
Return on Assets0.13%
Return on Equity1.47%
Interest Income$25.98 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Marine Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Marine Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
3.00%-$25kDeployment Club Share
3.00%-$25kClub Ed Share
0.25%--Primary Savings
0.25%--Christmas Club
0.25%--ETC
0.25%--Financial Counseling
0.25%--Auto Insurance Savings Share
0.25%--Traditional IRA Share
0.25%--Roth IRA Share
0.25%--SEP IRA Share
0.25%--CESA Share
0.25%--HSA Share
0.25%--Business Savings
0.25%--Organization Savings Share

Marine Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$25k-Money Market Share

Marine Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.00%-$15kBravo Checking
0.01%--Bravo Checking

Marine Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.26%$1k-48 Month Term Share Certificate
1.26%$1k-60 Month Term Share Certificate
1.00%$1k-36 Month Term Share Certificate
0.75%$1k-18 Month Term Share Certificate
0.75%$1k-24 Month Term Share Certificate
0.50%$500-6 Month Term Share Certificate
0.50%$1k-12 Month Term Share Certificate
0.50%$50-12 Month Add-On Share Certificate
0.35%$500-91 Day Term Share Certificate
0.35%$15-91 Day Rainbow Add-On Share Certificate

Marine Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.26%$500-48 Month Traditional IRA (Traditional,Roth,SEP,CESA)
1.26%$500-60 Month Traditional IRA (Traditional,Roth,SEP,CESA)
1.00%$500-36 Month Traditional IRA (Traditional,Roth,SEP,CESA)
0.75%$500-24 Month Traditional IRA (Traditional,Roth,SEP,CESA)
0.50%$500-6 Month Traditional IRA (Traditional,Roth,SEP,CESA)
0.50%$500-12 Month Traditional IRA (Traditional,Roth,SEP,CESA)
Locations

Marine Federal Credit Union has 20 locations. Click to view all Marine Federal Credit Union locations.