Originally known as O.K. Motors Credit Union, your credit union was established back on April 15, 1932. Our sole purpose is and always will be to promote thrift among our members and serve as a cooperative depository financial institution whose members can obtain loans from their combined savings. We came to be known as M.E. Employees Credit Union back on August 28th, 1946. Just in case you didn’t know, the M.E. stands for Marathon Electric which was a locally owned company until it was acquired by Regal Beloit back in February of 1997.
With more than $13 million in assets and growing, M.E. Employees Credit Union serves more than 1500 members. We are governed by a Board of Directors composed entirely of MEECU members whom are elected by the membership. We are a member-owned not-for-profit financial institution striving to bring financial health to all our members. Because MEECU is a not-for-profit financial institution, our members benefit from any gains earned with lower interest rates on loans, higher interest rates on savings, and very few if any fees.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154