Blackstone River Federal Credit Union
LOCATIONS
2
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HEALTH RATING
B+
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CURRENT TOP RATE
1.25% APY
36 Month CD
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Overview / Commentary
Blackstone River Federal Credit Union is headquartered in Woonsocket and is the 10th largest credit union in the state of Rhode Island. It is also the 2,263rd largest credit union in the nation. It was established in 1961 and as of December of 2019, it had grown to 12 employees and 4,742 members at 2 locations. Blackstone River Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Blackstone River Federal Credit Union is open to those who live, work, worship, or attend school in Burrillville, Central Falls, Cumberland, Foster, Glocester, Lincoln, North Providence, North Smithfield, Pawtucket, Scituate, Smithfield or Woonsocket, Rhode Island.
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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. Blackstone River Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24523 |
| Year Chartered | 1961 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.74% |
| Return on Equity - YTD | 7.54% |
| Annual Interest Income | $1.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $53.8MM$53.9MM |
| Loans | Q4 2019vs Q4 2018 | $22.7MM$22.8MM |
| Deposits | Q4 2019vs Q4 2018 | $48.3MM$48.8MM |
| Equity Capital | Q4 2019vs Q4 2018 | $5.4MM$5.0MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $152.00K$165.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $37.00K$54.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |