Overview / Commentary
Aeroquip Credit Union is headquartered in Jackson and is the 145th largest credit union in the state of Michigan. It is also the 2,445th largest credit union in the nation. It was established in 1949 and as of December of 2019, it had grown to 14 employees and 4,095 members at 2 locations. Aeroquip Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership to Aeroquip CU is open to all Aeroquip Corporation employees nationwide, as well as select employee groups (SEG's) in their area.
See current membership details
Health
B+
Data as of Q4 2019
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. Aeroquip Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61405 |
| Year Chartered | 1949 |
| Employees | 14 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.5% |
| Return on Equity - YTD | 3.03% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $44.6MM$44.9MM |
| Loans | Q4 2019vs Q4 2018 | $27.1MM$26.7MM |
| Deposits | Q4 2019vs Q4 2018 | $36.9MM$37.6MM |
| Equity Capital | Q4 2019vs Q4 2018 | $7.3MM$6.9MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $75.00K$79.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $29.00K$30.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |