M. G. & E. Credit Union


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


Headquarters

P O Box 8601
Madison, WI 53708
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
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

M. G. & E. is an NCUA insured institution located in Madison, WI. It was founded in 1933 and has approximately $3.41 millions in assets.

NCUA Insured Yes / State-Chartered
Charter Number # # 66500
Date Established 1933
Assets $3.41 million
Loans $1.96 million
Deposits $2.89 million
Capital $0.51 million
 

Deposit Rates - November 13, 2024

Your Current Location: Ohio, OH 43085

We do not yet have rates for M. G. & E.

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Loan Rates - November 13, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for M. G. & E.

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



Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Midwest Mortgage Lending
NMLS ID: 2262032
License#: RM.804810.000
6.380% 6.250% 0.88 $4,400 $1,971 Learn More
District Lending
NMLS ID: 1835285
6.391% 6.250% 1.00 $4,800 $1,971 Learn More
Pure Rate Mortgage
NMLS ID: 2578474
6.494% 6.375% 0.88 $4,010 $1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.865% 6.750% 1.00 $3,775 $2,076 Learn More

Featured - Ohio 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
Intro APR
7.490 %
After Intro: 7.490 %
$0 Learn More
More Info

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Branches

Below are M. G. & E. 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:
Columbus,Ohio


M. G. & E. Locations around zip code 43085


BranchDistance Map View Lobby Hours

MG&E Credit Union

400.82 A View Lobby Hours


Climate Policy and Initiatives

M. G. & E. 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

M. G. & E. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of M. G. & E.. 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
M. G. & E. U.S. Average
1.62% 5.83

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 June 30, 2024, M. G. & E. had $8,437 in non-current loans and $0 in owned assets. To cover these potential losses it had $513,676 in net worth and $7,357 in loans loss reserves. That gives it a Texas Ratio of 1.62%.

Net Worth
M. G. & E. U.S. Average
15.05% 13.93%

M. G. & E. FCU has a net worth of 15.05% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



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