Racine Municipal Employees Credit Union

Popular Accounts at this Credit Union

0.40%1-year CD12 Month CD
0.08%SavingsShare Account
1.51%4-year CD48 Month CD

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 3,756th largest credit union in the nation. It was established in 1953 and as of June of 2018, it had grown to 4 employees and 1,819 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 - YTD0.35%
Return on Equity - YTD2.35%
Annual Interest Income$194.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$14.1MM$13.8MM
LoansQ2 2018vs Q2 2017$7.9MM$7.6MM
DepositsQ2 2018vs Q2 2017$11.9MM$11.7MM
Equity CapitalQ2 2018vs Q2 2017$2.1MM$2.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$45.00K$51.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$65.00K$18.00K
Real Estate OwnedQ2 2018vs Q2 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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