Overview / Commentary
1199 Seiu Federal Credit Union is headquartered in New York and is the 91st largest credit union in the state of New York. It is also the 1,957th largest credit union in the nation. It was established in 1940 and as of June of 2023, it had grown to 16 employees and 15,468 members at 1 location. 1199 Seiu Federal Credit Union has a C+ 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
C+
Data as of Q2 2023
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 | 16 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.84% |
| Return on Equity - YTD | 24.97% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $87.5MM$88.8MM |
| Loans | Q2 2023vs Q2 2022 | $29.5MM$26.0MM |
| Deposits | Q2 2023vs Q2 2022 | $84.2MM$85.6MM |
| Equity Capital | Q2 2023vs Q2 2022 | $3.0MM$2.9MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$629.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $438.00K$614.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |