Overview / Commentary
1199 Seiu Federal Credit Union is headquartered in New York and is the 90th largest credit union in the state of New York. It is also the 1,910th largest credit union in the nation. It was established in 1940 and as of December of 2020, it had grown to 15 employees and 17,617 members at 1 location. 1199 Seiu Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership in 1199 Seiu Federal Credit Union is open to members of New York's Health and Human Service Employees Union.
See current membership details
Health
B
Data as of Q4 2020
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. 1199 Seiu Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24670 |
| Year Chartered | 1940 |
| Employees | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.18% |
| Return on Equity - YTD | 2.34% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $86.2MM$73.0MM |
| Loans | Q4 2020vs Q4 2019 | $22.4MM$22.6MM |
| Deposits | Q4 2020vs Q4 2019 | $79.6MM$66.8MM |
| Equity Capital | Q4 2020vs Q4 2019 | $6.5MM$6.1MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $596.00K$948.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $922.00K$497.00K |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |