Metro North Federal Credit Union

Social
  • +1

A short history of Metro North FCU

Since its inception in 1952 the Metro North Federal Credit Union has been serving its members in the WATERFORD, Michigan 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 Jeffrey Rabanus, the Metro North FCU has grown its membership to over 6,006 with assets of more than $46,818,504. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (248) 674-0491 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in WATERFORD, MI.

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

Charter Number 7604
Address 4594 PONTIAC LAKE RD 
City WATERFORD 
State Michigan 
Zip-Code 48328
Phone Number (248) 674-0491
Fax Number (248) 674-1644
Email Address: none
CEO/President Jeffrey Rabanus
Members 6,006 
Full-Time Employees 19 
Part-Time Employees
Number of Branch Offices
Total Assets 46,818,504 
Website http://www.mnfcu.com 

Compare Metro North Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Michigan Legacy CU Flat Rock Branch 22855 Gibraltar Rd 48134 (734) 379-9125 No 3.52
Chief Financial CU Pontiac Branch 790 Joslyn Ave 48340 (248) 335-9493 No 3.93
Oakland County CU Oxford Branch 968 N Lapeer Rd 48371 (248) 628-2928 No 3.94
Genisys CU 31 Shelby Twp. 49675 Van Dyke Ave 48317 (586) 323-7060 No 5.60
Westacres CU WCU 3700 WESTACRES DR 48324 (248) 363-4376 No 5.88

Metro North Federal Credit Union Financial Performance Charts


Performance Charts

Website Image

Financial Data


Metro North 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 9.75 4.00 4.01 3.53 6.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 227 282 204 75 341
Rank Among All Michigan Credit Unions 34 84 54 11 72

Metro North Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.01 0.05 0.15 0.30
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 156 142 324 259
Rank Among All Michigan Credit Unions N/A 23 33 74 56
Metro North Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.7501,1212,810,836
All Other Unsecured Loans/Lines of Credit 11.9001,1202,973,177
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.75025450,777
New Vehicle Loans 4.0001823,715,172
Used Vehicle Loans 4.0107497,674,547
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.530453,761,917
Total Other Real Estate Loans/Lines of Credit 6.000571,579,432
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 7.0001632,307,475
TOTAL LOANS & LEASES 3,46225,273,333

Metro North 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 9731,8663443,215
    b. 15 Years or less 342,779,0541131,250
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 2250,99700
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 451,319,7564177,000
Closed-End Adjustable Rate 118,27400
Open-End Adjustable Rate 11241,40214,000
Open-End Fixed Rate 0000
TOTALS 1025,341,3499755,465

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

Metro North 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 Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes