Marine Federal Credit Union is headquartered in Jacksonville and is the 10th largest credit union in the state of North Carolina. It is also the 450th largest credit union in the nation. It was established in 1959 and as of June of 2024, it had grown to 245 employees and 81,772 members at 14 locations. Marine Federal Credit Union's money market rates are 12X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in Marine Federal Credit Union is open to anyone through joining the Marine Corps Museum Support Association through the credit union ($25 contribution). Membership is also open to those who currently serve or are retired military personnel associated with MCB Camp Lejeune and MCAS New River, Jacksonville, North Carolina, and MCB Quantico, Virginia, including Department of Defense or Non-Appropriated Fund civilians. Also available to immediate family members of the military personnel eligible and to select business associates.
See current membership details
Terrible - Use Any Other Bank.
My rating is ZERO STARS. These jerks screwed up my automatic auto loan payment when I first bought my car. It caused three 30 day late payments in the first 6 months. Once we figured out what was wrong, they said it wouldn’t be charged against me. Apparently, the person who made the error didn’t tell their credit reporting team so they refused to fix my credit report. This is the ONLY bad mark on my credit report and it has followed me for 5 years now.
In addition to the late payments they created, they set the date for ‘Last Late Payment Date’ to the current month. So even though I’ve made EVERY payment on time (using my own payment scheduler) for 4.5 years, my report shows I made a late payment last month EVERY MONTH. They finally just removed their report completely from one credit bureau instead of fixing the ‘last late payment date’. So, I’ve lost 5 yrs of excellent payment history on my auto loan. It dropped my score even lower. JERKS!!
Lazy, rude, and evasive. No one will speak with me personally about the issue. I’ve tried calling, but I get transferred to a voice mailbox and never get a call back. The only communication they accept on the issue has to come from the credit bureaus. What???? It was their mistake that caused the error. They just keep denying it and I’m paying the price.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 12977 |
| Year Chartered | 1959 |
| Employees | 245 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.59% |
| Return on Equity - YTD | 6.92% |
| Annual Interest Income | $28.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $997.1MM$951.2MM |
| Loans | Q2 2024vs Q2 2023 | $724MM$688MM |
| Deposits | Q2 2024vs Q2 2023 | $879.4MM$843.8MM |
| Equity Capital | Q2 2024vs Q2 2023 | $84.4MM$77.6MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $14.7MM$10.8MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $9.1MM$5.3MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
