Morehead Community Federal Credit Union

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A short history of Morehead Community FCU

Since its inception in 1978 the Morehead Community Federal Credit Union has been serving its members in the Morehead, Kentucky 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 Mike Alcorn, the Morehead Community FCU has grown its membership to over 3,753 with assets of more than $32,675,340. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (606) 784-2201 or email them at creditunion@moreheadcommunity.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Morehead, KY.

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

Charter Number 23070
Address 503 West Main St. 
City Morehead 
State Kentucky 
Zip-Code 40351
Phone Number (606) 784-2201
Fax Number (606) 784-2202
Email Address: creditunion@moreheadcommunity.com
CEO/President Mike Alcorn
Members 3,753 
Full-Time Employees 10 
Part-Time Employees
Number of Branch Offices
Total Assets 32,675,340 
Website http://moreheadcommunity.com 

Compare Morehead Community Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
North East Ky Cap CU North East KY CAP FCU 21039 W US Highway 60 41164 (606) 286-4443 No 13.65

Morehead Community Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Morehead Community 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 3.00 3.25 3.25 3.25
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 146 120 44 38
Rank Among All Kentucky Credit Unions N/A 12 10 3 3

Morehead Community Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.25 N/A 1.00 0.25
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 95 N/A 174 266
Rank Among All Kentucky Credit Unions N/A 10 N/A 13 26
Morehead Community 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 8.5005751,470,089
Short-Term, Small Amount Loans (STS) (Federal CU Only) 28.0004417,693
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.000681,240,346
Used Vehicle Loans 3.2506704,920,446
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.2501254,823,082
Total Other Real Estate Loans/Lines of Credit 3.250782,671,877
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.7501481,145,223
TOTAL LOANS & LEASES 1,70816,288,756

Morehead Community 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 233,84300
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 1234,789,23934591,910
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 782,671,87722445,838
Open-End Fixed Rate 0000
TOTALS 2037,494,959561,037,748

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

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