Overview / Commentary
Acclaim Federal Credit Union is headquartered in Greensboro and is the 33rd largest credit union in the state of North Carolina. It is also the 2,295th largest credit union in the nation. It was established in 1979 and as of March of 2025, it had grown to 16 employees and 5,131 members at 2 locations. Acclaim Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Acclaim Federal Credit Union is open to employees and affiliates of VF Corporation, Kontoor, Vanity Fair Brands, Dynamic Quest, Paparazzi, Iron Eagle Tire & Body, Guilford Realty, American Consumer Council, Randall Printing, 1618, Avanti Salon & Spa, Fanatics, Tencarva Machinery Company or RD Graham.
See current membership details
Health
B+
Data as of Q1 2025
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. Acclaim Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 23386 |
| Year Chartered | 1979 |
| Employees | 16 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.26% |
| Return on Equity - YTD | 10.67% |
| Annual Interest Income | $856K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $58.9MM$59.7MM |
| Loans | Q1 2025vs Q1 2024 | $41.1MM$42.6MM |
| Deposits | Q1 2025vs Q1 2024 | $51.4MM$52.8MM |
| Equity Capital | Q1 2025vs Q1 2024 | $6.9MM$6.1MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $304K$362K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $295K$354K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |