Michigan Tech Employees Federal Credit Union

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A short history of Michigan Tech Employees FCU

Since its inception in 1952 the Michigan Tech Employees Federal Credit Union has been serving its members in the HOUGHTON, 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 David Rautiola, the Michigan Tech Employees FCU has grown its membership to over 8,806 with assets of more than $77,438,209. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (906) 482-5005 or email them at memberservices@mtefcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in HOUGHTON, MI.

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

Charter Number 8212
Address 700 E SHARON AVE 
City HOUGHTON 
State Michigan 
Zip-Code 49931
Phone Number (906) 482-5005
Fax Number (906) 482-2451
Email Address: memberservices@mtefcu.org
CEO/President David Rautiola
Members 8,806 
Full-Time Employees 22 
Part-Time Employees
Number of Branch Offices
Total Assets 77,438,209 
Website http://www.mtefcu.org 

Compare Michigan Tech Employees Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Torch Lake CU Sungard 680 E Swedesford Rd 19087 (215) 627-3800 No 10.74
Baraga County CU Baraga County Federal Credit Union 101 E Broad St 49946 (906) 524-6151 No 25.22

Michigan Tech Employees Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Michigan Tech 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 8.90 2.74 6.29 4.19 4.86
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 151 113 473 168 212
Rank Among All Michigan Credit Unions 22 27 109 40 45

Michigan Tech 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 0.05 N/A 0.45 0.15
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 143 N/A 274 276
Rank Among All Michigan Credit Unions N/A 19 N/A 61 61
Michigan Tech Employees Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.9001,1101,203,776
All Other Unsecured Loans/Lines of Credit 9.7001,2571,269,786
Short-Term, Small Amount Loans (STS) (Federal CU Only) 18.00052,431
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.7402944,758,058
Used Vehicle Loans 6.2909517,341,719
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.19018410,423,963
Total Other Real Estate Loans/Lines of Credit 4.86040310,129,602
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.6303734,008,931
TOTAL LOANS & LEASES 4,57739,138,266

Michigan Tech 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 261,536171,687,100
    b. 15 Years or less 1729,560,857322,572,836
Balloon/Hybrid
    a. > 15 years 2381,36000
    b. 15 Years or less 8420,21000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 1625,283,66618541,080
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 2414,845,93616202,870
Open-End Fixed Rate 0000
TOTALS 58720,553,565835,003,886

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

Michigan Tech Employees Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending Yes
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 Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes