Featured Savings Rates
Featured Accounts

Racine Municipal Employees Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.30%1-year CD12 Month CD
0.08%SavingsRegular Share Account
0.70%4-year CD48 Month CD

Overview / Commentary
262-637-7274
1907 Lathrop Ave
Racine, WI 53405-3706

Racine Municipal Employees Credit Union is headquartered in Racine and is the 104th largest credit union in the state of Wisconsin. It is also the 3,783rd largest credit union in the nation. It was established in 1953 and as of June of 2016, it had grown to 3 employees and 1,854 members at 1 location. Racine Municipal Employees Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of the City of Racine, Racine County, the Villages of Caledonia or Mount Pleasant, Belle Urban System, any educational institution within Racine County, Northwest Molded Products, and employees of any municipal, state or the federal government who live or work in Racine County.
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Health
B+
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. Racine Municipal Employees Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #66622
Year Chartered1953
Employees3
Primary Regulator
Profit Margin
Return on Assets - YTD-0.03%
Return on Equity - YTD-0.19%
Annual Interest Income$192.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$14.9MM$14.6MM
LoansQ2 2016vs Q2 2015$7.9MM$7.9MM
DepositsQ2 2016vs Q2 2015$12.9MM$12.5MM
Equity CapitalQ2 2016vs Q2 2015$2.1MM$2.0MM
Loan Loss AllowanceQ2 2016vs Q2 2015$55.00K$61.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$18.00K$90.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
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Racine Municipal Employees Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$100-IRA Account
0.08%$100-Regular Share Account
0.08%$100-Club Account

Racine Municipal Employees Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$100-Share Draft (Checking)

Racine Municipal Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$1k-48 Month CD
0.55%$1k-36 Month CD
0.50%$1k-24 Month CD
0.40%$1k-18 Month CD
0.30%$1k-12 Month CD
0.25%$1k-9 Month CD
0.20%$1k-6 Month CD
0.15%$1k-3 Month CD
Locations


Racine Municipal Employees Credit Union Locations
Branch Office1907 Lathrop AveRacine, WI 53405-3706