Mountain Empire Federal Credit Union


Our records indicate that this credit union has been acquired by UNITED SOUTHEAST.


Headquarters

1413 N Main St-++
Marion, VA 24354
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 5.55% →
1-Year CD 0.80% 5.41% →
2-Year CD 0.90% 5.25% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Mountain Empire is an NCUA insured institution located in Marion, VA. It was founded in 1952 and has approximately $24.55 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 8197
Date Established 1952
Assets $24.55 million
Loans $13.86 million
Deposits $21.62 million
Capital $2.52 million
 

Deposit Rates - May 21, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
12 Mo CD
0.80% $10,000 $14,999 Learn More
12 Mo CD
0.80% $100,000 $199,999 Learn More
24 Mo CD
0.90% $10,000 $14,999 Learn More
24 Mo CD
0.90% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.15% $1 $499 Learn MoreShow Less

Loan Rates - May 21, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Mountain Empire

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



Featured - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
6.427% 6.250% 0.88 $6,000 $1,971 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.956% 6.875% 0.63 $2,655 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.451% 7.375% 0.75 $2,400 $2,211 Learn More
MortgageResearch.com
NMLS ID: Not a Lender
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Mountain Empire
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Branches

Below are Mountain Empire 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:
Ashburn,Virginia


Mountain Empire Locations



Climate Policy and Initiatives

MOUNTAIN EMPIRE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Mountain Empire Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mountain Empire. 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
Mountain Empire U.S. Average
8.11% 6.97

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, 2023, Mountain Empire had $183,768 in non-current loans and $22,680 in owned assets. To cover these potential losses it had $2,517,347 in net worth and $27,908 in loans loss reserves. That gives it a Texas Ratio of 8.11%.

Net Worth
Mountain Empire U.S. Average
10.25% 13.62%

Mountain Empire FCU has a net worth of 10.25% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Mountain Empire

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