Methuen Municipal Employees Federal Credit Union

A short history of Methuen Municipal Employees FCU

Since its inception in 1956 the Methuen Municipal Employees Federal Credit Union has been serving its members in the METHUEN, Massachusetts 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 JAMES BROUDER, the Methuen Municipal Employees FCU has grown its membership to over 2,447 with assets of more than $24,260,319. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (978) 686-1471 or email them at mmefcu@comcast.net to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in METHUEN, MA.

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

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

Credit Union Name	Branch Name	Address	Zip Code	Phone Number	ATM Access	Distance (Miles)
Nesc CU	LAWRENCE BRANCH	14 AMESBURY ST	01844	(978) 687-1919	No	1.05
Merrimack Valley CU	MVFCU Corporate Office	500 Merrimack St	01843	(978) 975-4095	No	2.97
The Andovers CU	Main Office	19C Lupine Rd	01810	(978) 475-6133	No	5.80
Htm CU	HTM Credit Union	4 Summer St Ste 3	01831	(978) 374-7386	No	6.35
Haverhill Fire Department CU	Louise E Mills Federal Credit Union	12 Merrimac Sq	01860	(978) 346-4561	No	6.63

Methuen Municipal Employees Federal Credit Union Financial Performance Charts

Financial Data

Methuen 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	8.00	3.43	3.14	4.14	4.46
Mean Rate For All USA Based Credit Unions	10.56	3.72	5.00	4.48	4.95
Rank Among All USA Credit Unions	91	200	108	162	163
Rank Among All Massachusetts Credit Unions	4	53	24	41	33

Methuen 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	N/A	0.81	0.50
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	204	227
Rank Among All Massachusetts Credit Unions	N/A	15	N/A	39	45

Methuen Municipal Employees Federal Credit Union Loans and Leases

Interest Rate

Number of Loans

Amount

Unsecured Credit Card Loans	8.000	1,450	1,510,864
All Other Unsecured Loans/Lines of Credit	6.280	357	1,148,482
Short-Term, Small Amount Loans (STS) (Federal CU Only)	0.000	0	0
Non-Federally Guaranteed Student Loans	6.530	21	181,273
New Vehicle Loans	3.430	76	1,164,423
Used Vehicle Loans	3.140	230	2,331,078
Total 1st Mortgage Real Estate Loans/Lines of Credit	4.140	7	791,577
Total Other Real Estate Loans/Lines of Credit	4.460	65	4,265,399
Leases Receivable	0.000	0	0
Total All Other Loans/Lines of Credit	5.880	4	22,229
TOTAL LOANS & LEASES		2,210	11,415,325

Methuen 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	4	487,031	0	0
b. 15 Years or less	3	304,546	0	0
Balloon/Hybrid
a. > 15 years	0	0	0	0
b. 15 Years or less	0	0	0	0
Other Fixed Rate	0	0	0	0
Adjustable Rate 1 yr or less	0	0	0	0
Adjustable Rate > 1 yr	0	0	0	0

OTHER REAL ESTATE

Closed-End Fixed Rate	37	3,181,359	6	637,259
Closed-End Adjustable Rate	0	0	0	0
Open-End Adjustable Rate	28	1,084,040	6	638,447
Open-End Fixed Rate	0	0	0	0
TOTALS	72	5,056,976	12	1,275,706

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans	0	0		0
Interest Only & Payment Option Other RE/LOC Loans	0	0		0
REVERSE MORTGAGES
a. Federally Insured Home Equity Conversion Mortgage (HECM)	0	0	0	0
b. Proprietary Reverse Mortgage Products	0	0	0	0

Methuen Municipal Employees Federal 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	Yes
ATM/Debit Card Program	Yes
Interest Only and Payment Option 1st Mortgage Loans	No
Check Cashing	No
Money Orders	No
No Surcharge ATMs	Yes
Home Banking Via Internet Website	Yes