Mountain Empire Federal Credit Union

Overview / Commentary
1413 N MAIN ST
MARION, VA 24354

Mountain Empire Federal Credit Union is headquartered in MARION and is the 75th largest credit union in the state of Virginia. It is also the 3,386th largest credit union in the nation. It was established in 1952 and as of June of 2020, it had grown to 12 employees and 4,019 members at 1 location. Mountain Empire Federal Credit Union has a B health rating.

Field of Membership Restrictions

Mountain Empire Federal Credit Union is open to organizations and anyone who lives, works, worships or goes to school in Washington, Wythe, or Smyth County.
See current membership details

Reviews (1)


My wife and I used this credit union..BRIEFLY!!!! They are horrid! Rude from the moment you walk in the door. Even after closing our account the sent us statements for over 10 years!!! Yes, you read that correctly. For 10 years they wasted YOUR money stamping envelopes every month to send a zero balance statement to former members. Talk about wasting money!

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Mountain Empire Federal Credit Union has a low asset base.

Health Grade Components

NCUA #8197
Year Chartered1952
Primary Regulator
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD2.98%
Annual Interest Income$338.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$20.4MM$17.9MM
LoansQ2 2020vs Q2 2019$10.1MM$10.5MM
DepositsQ2 2020vs Q2 2019$18.3MM$15.8MM
Equity CapitalQ2 2020vs Q2 2019$1.8MM$1.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$49.00K$36.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$9.00K$27.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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Mountain Empire Federal Credit Union Savings Account Rates

0.15%$5-Regular Savings
0.15%--Christmas Club Account
0.15%--Vacation Club Account
0.15%--IRA Shares
0.15%--Special Clubs

Mountain Empire Federal Credit Union CD Rates

0.90%$1k-24 Month CD
0.80%$1k-12 Month CD

Mountain Empire Federal Credit Union Locations
Branch Office1413 N MAIN STMARION, VA 24354-4315

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