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.
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
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, 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).
Terrible bank, their employees are snakes. Go with a different credit union.
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.
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.
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.
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.
|Assets and Liabilities|
|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|
|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 Margin||4.52%|
|Return on Assets||0.13%|
|Return on Equity||1.47%|
|Interest Income||$25.98 million|
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|3.00%||-||$25k||Deployment Club Share|
|3.00%||-||$25k||Club Ed Share|
|0.25%||-||-||Auto Insurance Savings Share|
|0.25%||-||-||Traditional IRA Share|
|0.25%||-||-||Roth IRA Share|
|0.25%||-||-||SEP IRA Share|
|0.25%||-||-||Organization Savings Share|
|0.50%||$25k||-||Money Market Share|
|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|
|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)|