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

Racine Municipal Employees Credit Union is headquartered in Racine and is the 101st largest credit union in the state of Wisconsin. It is also the 3,726th largest credit union in the nation. It was established in 1953 and as of September of 2018, it had grown to 4 employees and 1,822 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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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

NCUA #66622
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD3.33%
Annual Interest Income$299.00K
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$14.2MM$14.3MM
LoansQ3 2018vs Q3 2017$8.1MM$7.8MM
DepositsQ3 2018vs Q3 2017$12.0MM$12.2MM
Equity CapitalQ3 2018vs Q3 2017$2.2MM$2.1MM
Loan Loss AllowanceQ3 2018vs Q3 2017$46.00K$42.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$0$16.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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Racine Municipal Employees Credit Union Savings Account Rates

0.15%$100-IRA Account
0.08%$100-Share Account
0.05%$100-Club Share Account

Racine Municipal Employees Credit Union Checking Account Rates

0.01%$100-Share Draft Account

Racine Municipal Employees Credit Union CD Rates

1.77%$1k-15 Month CD Special
1.51%$1k-48 Month CD
1.11%$1k-36 Month CD
0.65%$1k-24 Month CD
0.40%$1k-12 Month CD
0.40%$1k-18 Month CD
0.25%$1k-9 Month CD
0.20%$1k-6 Month CD
0.15%$1k-3 Month CD

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

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