Overview / Commentary
Aeroquip Credit Union is headquartered in Jackson and is the 144th largest credit union in the state of Michigan. It is also the 2,447th largest credit union in the nation. It was established in 1949 and as of March of 2020, it had grown to 13 employees and 4,101 members at 2 locations. Aeroquip Credit Union has a B+ health rating.
Field of Membership Restrictions
Aeroquip Credit Union is open to all Aeroquip Corporation (Eaton) employees nationwide, as well as over 50 select employee groups in their area. (a full list of groups is posted on the credit union's website)
See current membership details
Health
B+
Data as of Q1 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. Aeroquip Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61405 |
| Year Chartered | 1949 |
| Employees | 13 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.11% |
| Return on Equity - YTD | -0.67% |
| Annual Interest Income | $414.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $45.8MM$46.0MM |
| Loans | Q1 2020vs Q1 2019 | $26.5MM$26.4MM |
| Deposits | Q1 2020vs Q1 2019 | $38.3MM$38.5MM |
| Equity Capital | Q1 2020vs Q1 2019 | $7.2MM$7.1MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $73.00K$70.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $25.00K$35.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |