Overview / Commentary
Aeroquip Credit Union is headquartered in Jackson and is the 146th largest credit union in the state of Michigan. It is also the 2,430th largest credit union in the nation. It was established in 1949 and as of March of 2021, it had grown to 13 employees and 4,017 members at 2 locations. Aeroquip Credit Union has an A 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
A
Data as of Q1 2021
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 relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61405 |
| Year Chartered | 1949 |
| Employees | 13 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.36% |
| Return on Equity - YTD | -2.58% |
| Annual Interest Income | $353.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $53.8MM$45.8MM |
| Loans | Q1 2021vs Q1 2020 | $24.6MM$26.5MM |
| Deposits | Q1 2021vs Q1 2020 | $45.7MM$38.3MM |
| Equity Capital | Q1 2021vs Q1 2020 | $7.4MM$7.2MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $57.00K$73.00K |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $60.00K$25.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |