Norfolk Municipal Federal Credit Union

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A short history of Norfolk Municipal FCU

Since its inception in 1957 the Norfolk Municipal Federal Credit Union has been serving its members in the Norfolk, Virginia 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 McElhaney, the Norfolk Municipal FCU has grown its membership to over 2,767 with assets of more than $25,891,746. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (757) 822-6166 or email them at nmefcu@norfolkcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Norfolk, VA.

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

Charter Number 11951
Address 5957 E Virginia Beach Blvd Ste 14 
City Norfolk 
State Virginia 
Zip-Code 23502
Phone Number (757) 822-6166
Fax Number (757) 226-9629
Email Address: nmefcu@norfolkcu.org
CEO/President David McElhaney
Members 2,767 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 25,891,746 
Website http://www.norfolkcu.org 

Compare Norfolk Municipal Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Portalliance CU PortAlliance Federal Credit Union 5670 Raby Rd 23541 (757) 461-1796 No 0.30
Norfolk Fire Department CU Main Office 4100 E Virginia Beach Blvd 23502 (757) 857-5389 No 1.28
Chartway CU FF Victory Blvd. 4000 Victory Blvd 23701 (757) 552-1000 No 1.80
Hampton Roads Catholic CU Main Office 1209 Baker Rd Ste 309 23455 (757) 460-1468 No 2.48
St. Matthews CU St Matthews FCU 6477 College Park Sq Ste 200 23464 (757) 424-5967 No 3.22

Norfolk Municipal Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Norfolk Municipal 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 9.00 4.30 6.30 5.00 7.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 160 317 474 268 431
Rank Among All Virginia Credit Unions 14 48 65 39 52

Norfolk Municipal Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.10 0.15 1.00 1.00
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 129 124 174 158
Rank Among All Virginia Credit Unions 10 24 22 28 19
Norfolk Municipal Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.0003691,401,746
All Other Unsecured Loans/Lines of Credit 10.0003451,183,786
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.3001452,573,074
Used Vehicle Loans 6.3001531,719,469
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.00020990,935
Total Other Real Estate Loans/Lines of Credit 7.00022698,218
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.5001737,919
TOTAL LOANS & LEASES 1,0718,605,147

Norfolk Municipal 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 8443,18300
    b. 15 Years or less 12547,75200
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 10363,30300
Closed-End Adjustable Rate 122,24200
Open-End Adjustable Rate 11312,673110,000
Open-End Fixed Rate 0000
TOTALS 421,689,153110,000

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 7231,26778,000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Norfolk Municipal 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 Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes