Cumberland Municipal Employees Federal Credit Union

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A short history of Cumberland Municipal Employees FCU

Since its inception in 1962 the Cumberland Municipal Employees Federal Credit Union has been serving its members in the Cumberland, Rhode Island area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Holly Ayick, the Cumberland Municipal Employees FCU has grown its membership to over 1,196 with assets of more than $7,675,171. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (401) 658-0010 or email them at holly@cmef.necoxmail.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Cumberland, RI.

General Information For Cumberland Municipal Employees FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 24486
Address 2145 Diamond Hill Road 
City Cumberland 
State Rhode Island 
Zip-Code 02864
Phone Number (401) 658-0010
Fax Number (401) 658-0099
Email Address: holly@cmef.necoxmail.com
CEO/President Holly Ayick
Members 1,196 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 7,675,171 
Website http://www.cumberlandcu.org 

Compare Cumberland Municipal Employees Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Navigant CU Cumberland Hill 3291 Mendon Rd 02917 (401) 233-4300 No 5.16
Blackstone River CU Main Office 10 Monument Sq 02895 (401) 767-1990 No 5.25
Postal Employees Regional CU PERFCU 2 Government Ctr 02720 (508) 675-2221 No 5.79
Pawtucket Municipal Employees CU Pawtucket Municipal Employees Federal Credit Union 137 Roosevelt Ave 02860 (401) 728-0500 No 5.97
Alliance Blackstone Valley CU Alliance Blackstone Valley FCU 594 Central Ave 02861 (401) 722-8236 No 6.10

Cumberland Municipal Employees Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Cumberland Municipal Employees Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 3.75 4.25 N/A 7.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 243 231 N/A 457
Rank Among All Rhode Island Credit Unions N/A 12 12 N/A 12

Cumberland Municipal Employees Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.15 0.15 0.30 N/A
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 119 124 302 N/A
Rank Among All Rhode Island Credit Unions N/A 5 7 12 N/A
Cumberland Municipal Employees Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 14.000246715,293
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.75032423,487
Used Vehicle Loans 4.2501161,141,102
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 7.500219,940
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.350987,540
TOTAL LOANS & LEASES 4052,387,362

Cumberland Municipal Employees Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 0000
    b. 15 Years or less 0000
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 219,94000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 219,94000

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Cumberland Municipal Employees Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans No
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit No
ATM/Debit Card Program No
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders No
No Surcharge ATMs No
Home Banking Via Internet Website No