Rockford Municipal Employes Credit Union

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A short history of Rockford Municipal Employes CU

Since its inception in 1942 the Rockford Municipal Employes Credit Union has been serving its members in the Rockford, Illinois 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 Sara Sheahan, the Rockford Municipal Employes CU has grown its membership to over 2,484 with assets of more than $20,185,174. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (815) 316-4655 or email them at info@rmecu.net to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Rockford, IL.

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

Charter Number 62826
Address 634 N Church St 
City Rockford 
State Illinois 
Zip-Code 61103
Phone Number (815) 316-4655
Fax Number (815) 316-4717
Email Address: info@rmecu.net
CEO/President Sara Sheahan
Members 2,484 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 20,185,174 
Website http://www.rmecu.net 

Compare Rockford Municipal Employes Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Linxus CU Rockford Postal ECU 1405 W Lane Rd Ste A 61115 (815) 282-8711 No 1.71
Rock Valley CU Loves Park 1201 Clifford Ave 61111 (815) 877-0441 No 1.88
Rockford Bell CU MT. MORRIS 4 E Main St 61054 (815) 734-6427 No 4.59
Swedish American CU SwedishAmerican Federal Credit Union 1401 E State St 61104 (815) 489-4096 No 4.75
St. Anthony Hospital Employee CU St. Anthony Hospital Employees Federal 5510 E State St 61125 (815) 395-5146 No 5.82

Rockford Municipal Employes Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Rockford Municipal Employes 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 2.90 3.00 N/A 3.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 151 133 92 N/A 56
Rank Among All Illinois Credit Unions 15 41 29 N/A 9

Rockford Municipal Employes Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 N/A N/A N/A
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 129 N/A N/A N/A
Rank Among All Illinois Credit Unions N/A 34 N/A N/A N/A
Rockford Municipal Employes Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.900165399,778
All Other Unsecured Loans/Lines of Credit 9.9003821,077,930
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.900761,554,666
Used Vehicle Loans 3.0002953,238,175
Total 1st Mortgage Real Estate Loans/Lines of Credit 0.00000
Total Other Real Estate Loans/Lines of Credit 3.500551,047,458
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.25061473,801
TOTAL LOANS & LEASES 1,0347,791,808

Rockford Municipal Employes 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 0000
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 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 551,047,45815143,544
Open-End Fixed Rate 0000
TOTALS 551,047,45815143,544

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

Rockford Municipal Employes 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 No
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