Morgan City

Headquarters

Po Box 610
Morgan City, LA 70381
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Morgan City is an NCUA insured institution located in Morgan City, LA. It was founded in 1962 and has approximately $5.87 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 15009
Date Established 1962
Assets $5.87 million
Loans $2.94 million
Deposits $5.16 million
Capital $0.70 million
 

Deposit Rates - April 11, 2021

Your Current Location: California, CA 92111

We do not yet have rates for Morgan City

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Note to Morgan City
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Loan Rates - April 11, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for MORGAN CITY

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 413-0477
2.775% 2.750% 0.38 $808 $1,021 Learn More
IHL Direct
NMLS ID: 257476
2.884% 2.750% 0.75 $4,368 $1,021 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to MORGAN CITY
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Branches

Below are Morgan City branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
San Diego,California


Morgan City Locations


Financial Details

Morgan City Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Morgan City. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Morgan City U.S. Average
1.80% 5.40

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2020, Morgan City had $12,924 in non-current loans and $0 in owned assets. To cover these potential losses it had $702,473 in net worth and $16,187 in loans loss reserves. That gives it a Texas Ratio of 1.80%.

Net Worth
Morgan City U.S. Average
11.96% 12.67%

Morgan City FCU has a net worth of 11.96% versus the BestCashCow average of 12.67. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Morgan City

Branches and Savings

What is Morgan City?

A federal credit union, registered with the NCUA under certificate #15009.
Learn more about credit unions here.

Is Morgan City FDIC insured?

No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Morgan City is insured by the NCUA.

Who can join Morgan City?

Please see Field of Membership information above for information on who is eligible to join.

What are Morgan City's share account and share certificate rates?

Morgan City's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Morgan City?

Morgan City has total capital of $0.70 million. Full information on Morgan City's financial position is located above.

Who owns Morgan City?

Credit Unions are owned by their members.

Where are Morgan City branches located?

See branch locations nearby.

Are Morgan City ATMs Open 24/7?

Do Morgan City ATMs accept cash deposits?

Can Morgan City customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Morgan City have a mobile app?

Does Morgan City have mobile deposit?

Does Morgan City have quick pay?

How can Morgan City transfer money to other banks or credit unions?

Does Morgan City report to credit bureaus?

Does Morgan City use Chexsystems?

Does Morgan City use Equifax?

What is Morgan City's toll free phone number?

What is Morgan City's ACH Routing Number?

What is Morgan City's SWIFT code?

Where can I find Morgan City's wire transfer form?

What is the Morgan City address for deposits?

What Products Does Morgan City Offer

Does Morgan City offer mortgages?

Compare mortgage rates here.

Does Morgan City offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Morgan City offer auto and RV loans?

Compare auto loan rates here.

Does Morgan City offer student loans or personal loans?

Compare personal loan rates here.

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