Mobile Educators Credit Union

Rated star_ratedstar_ratedstar_rated_halfstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 2.5 out of 5

3150 Airport Blvd, Mobile, AL 36606

Website

(251) 473-4712

Data Source: NCUA, December 31, 2016


Mobile Educators Credit Union was founded in 1954. Headquartered in Mobile, Alabama, Mobile Educators Credit Union is a state chartered and federally insured credit union, being chartered in Alabama and insured through the National Credit Union Share Insurance Fund (NCUSIF). Mobile Educators Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Mobile Educators Credit Union services 9,827 members through its 3 offices and branches and 22 full-time employees. It has $79,523,975 of total assets and $8,073,525 of net worth. Based on its asset size and net worth ratio, Mobile Educators Credit Union is classified as a Well Capitalized medium credit union.

Mobile Educators Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Mobile Educators Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Mobile Educators Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Alabama and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Alabama
Median of USA
Checking
0.1000
0.0000
0.0000
Savings
0.1000
0.2500
0.1200
Money Market
0.0000
0.3000
0.2500
Certificate Deplit
0.2500
0.6000
0.5800
IRA
0.1000
0.6000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Alabama
National Median Rates
Credit Cards
12.9000
9.9900
9.9900
Unsecured Line of Credits
12.0000
12.3550
10.9500
Short-term Small Amount
n/a
26.0000
25.0000
Student Loans
n/a
6.0000
6.0200
New Car Loans
1.9900
4.0000
3.3300
Used Car Loans
2.9900
5.3300
4.5000
1st Mortgage Real Estates
3.7500
4.5000
4.2500
Other Real Estates
5.5000
5.0000
4.7000

Mobile Educators Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Mobile Educators Credit Union.

Electronic Banking Service Offerings

Membership Application
No
No
Share Account Transfers
Yes
New Loan Application
No
Share Draft Orders
Yes
No
New Share Account
No
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
No

.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
Daphne
7028 Us Highway 90
Daphne, AL 36526-9532
Phone:251-626-3304

Main Office
3150 Airport Blvd
Mobile, AL 36606
Phone:251-473-4712

Saraland
12 Saraland Blvd N
Saraland, AL 36571-2407
Phone:251-675-3301

West Mobile
7730 Cottage Hill Rd
Mobile, AL 36695
Phone:251-633-4474

(251) 476-6900

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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