Electric Machinery Employees Credit Union

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A short history of Electric Machinery Employees CU

Since its inception in 1946 the Electric Machinery Employees Credit Union has been serving its members in the MINNEAPOLIS, Minnesota 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 Greg Ericson, the Electric Machinery Employees CU has grown its membership to over 1,251 with assets of more than $8,850,322. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (612) 378-8100 or email them at garyemcu@qwest.net to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in MINNEAPOLIS, MN.

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

Charter Number 63988
Address 800 CENTRAL AVE 
City MINNEAPOLIS 
State Minnesota 
Zip-Code 55413
Phone Number (612) 378-8100
Fax Number (612) 378-8101
Email Address: garyemcu@qwest.net
CEO/President Greg Ericson
Members 1,251 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 8,850,322 
Website http://EMCU.ORG 

Compare Electric Machinery Employees Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Transit Operations CU MAIN 725 N 7TH ST 55411 (612) 338-9985 No 2.45
Financial One CU Financial One Credit Union 843 40th Ave NE 55421 (763) 788-7700 No 2.70
H.b.i. Employees CU HBI Employees Credit Union 3415 University Ave W 55114 (651) 642-4490 No 2.89
Diversified CU Waseca 299 Johnson Ave SW 56093 (507) 833-4320 No 2.95
Spire CU Woodbury 195 Radio Drive 55125 (651) 215-3500 No 2.99

Electric Machinery Employees Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Electric Machinery Employees 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 12.75 1.95 2.95 3.99 3.99
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 444 31 88 137 99
Rank Among All Minnesota Credit Unions 35 3 12 19 13

Electric Machinery Employees 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 N/A 0.55 0.35
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 N/A 251 250
Rank Among All Minnesota Credit Unions N/A 13 N/A 29 29
Electric Machinery Employees Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.750275362,670
All Other Unsecured Loans/Lines of Credit 11.950129298,012
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.950661,205,219
Used Vehicle Loans 2.9502141,991,489
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.9907241,177
Total Other Real Estate Loans/Lines of Credit 3.9906215,334
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.95033349,948
TOTAL LOANS & LEASES 7304,663,849

Electric Machinery Employees 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 118,53800
Balloon/Hybrid
    a. > 15 years 5197,20200
    b. 15 Years or less 125,43700
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 6215,33400
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 13456,51100

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

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