Overview / Commentary
B E T Federal Credit Union is headquartered in Yonkers and is the 243rd largest credit union in the state of New York. It is also the 4,218th largest credit union in the nation. It was established in 1940 and as of March of 2020, it had grown to 502 members at 2 locations. B E T Federal Credit Union's savings rates are 2X the national average, and it has a C+ health rating.
Health
C+
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. B E T Federal Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 3653 |
| Year Chartered | 1940 |
| Employees | 0 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 2.67% |
| Annual Interest Income | $42.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $7.5MM$7.9MM |
| Loans | Q1 2020vs Q1 2019 | $1.0MM$1.0MM |
| Deposits | Q1 2020vs Q1 2019 | $6.9MM$7.3MM |
| Equity Capital | Q1 2020vs Q1 2019 | $600.00K$582.00K |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $9.00K$7.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $4.00K$6.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |