Program areas at Marine Credit Union
Deposit taking - Marine Credit Union acts as a financial intermediary in each of the communities it serves. Each of our 77,032 members has at least one savings account and these members have over 48,326 checking accounts with Marine. We often provide these services at a lower cost than what would otherwise be available. We protect over $761,805,439 of insured funds on behalf of our depositors.
Consumer lending - Marine Credit Union is a full service consumer lending institution. In 2023 we granted a total of $127,478,425 in consumer loans. These loans are used by our borrowers to consolidate debt, purchase goods such as automobiles and recreational vehicles and to finance continuing education expenses. The total consumer loan portfolio is greater than $258,373,950.
Mortgage lending - Marine Credit Union is an integral part of the communities we serve by providing loans totaling over $151,617,529 during 2023. These loans are used by borrowers to purchase, refinance or improve their homes. Current mortgage loans outstanding exceed $579,781,855 as of december 31, 2023.