Racine Municipal Employees Credit Union

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A short history of Racine Municipal Employees CU

Since its inception in 1953 the Racine Municipal Employees Credit Union has been serving its members in the RACINE, Wisconsin 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 Nicole Christensen-Zabler, the Racine Municipal Employees CU has grown its membership to over 1,791 with assets of more than $13,800,464. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (262) 637-7274 or email them at jim@rmecu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in RACINE, WI.

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

Charter Number 66622
Address 1907 LATHROP AVENUE 
City RACINE 
State Wisconsin 
Zip-Code 53405
Phone Number (262) 637-7274
Fax Number (262) 637-0491
Email Address: jim@rmecu.org
CEO/President Nicole Christensen-Zabler
Members 1,791 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 13,800,464 
Website http://www.rmecu.org 

Compare Racine Municipal Employees Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Educators CU Educators Credit Union - West Bend 960 W Paradise Dr 53177 (262) 886-5900 No 1.29
Mcu Financial Center CU MCU Financial Center C U 1462 S Green Bay Rd 53408 (262) 634-6691 No 1.95
Kenosha Police And Firemen's CU Kenosha Police & Firemen's Credit Union 625 52nd ST 53140 (262) 658-3332 No 10.08
County CU COUNTY CREDIT UNION 925 59th St 53140 (262) 657-6794 No 10.53
Southern Lakes CU 80th Street 3000 80th St 53142 (262) 694-1600 No 12.17

Racine Municipal Employees Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Racine Municipal Employees 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 10.90 2.74 2.74 4.25 5.20
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 332 113 70 174 255
Rank Among All Wisconsin Credit Unions 29 17 10 37 41

Racine Municipal Employees Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.01 0.08 N/A 0.50 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 140 134 N/A 263 276
Rank Among All Wisconsin Credit Unions 16 16 N/A 34 39
Racine Municipal Employees Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.900267316,607
All Other Unsecured Loans/Lines of Credit 12.65083223,086
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.740631,282,590
Used Vehicle Loans 2.7402212,256,915
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.250502,876,581
Total Other Real Estate Loans/Lines of Credit 5.20010344,558
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.65027334,111
TOTAL LOANS & LEASES 7217,634,448

Racine Municipal Employees 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 3362,1092165,785
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 352,003,51000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 12510,962533,540
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 8305,19800
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 239,360314,400
Open-End Fixed Rate 0000
TOTALS 603,221,13910213,725

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

Racine Municipal Employees Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
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 No
Home Banking Via Internet Website Yes