Overview / Commentary
Bridgeway is headquartered in Phenix City and is the 72nd largest credit union in the state of Alabama. It is also the 3,655th largest credit union in the nation. It was established in 1960 and as of March of 2022, it had grown to 7 employees and 1,957 members at 1 location. Bridgeway has a B health rating.
Field of Membership Restrictions
Bridgeway is open to those who live, work, attend church or school, or volunteer in Muscogee County, GA, or Russel County, AL. Immediate family members are also eligible to join.
See current membership details
Health
B
Data as of Q1 2022
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. Bridgeway has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 13852 |
| Year Chartered | 1960 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 6.22% |
| Return on Equity - YTD | 43.17% |
| Annual Interest Income | $215.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $15.2MM$14.5MM |
| Loans | Q1 2022vs Q1 2021 | $9.0MM$9.6MM |
| Deposits | Q1 2022vs Q1 2021 | $12.1MM$12.5MM |
| Equity Capital | Q1 2022vs Q1 2021 | $2.2MM$1.8MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $179.00K$275.00K |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $80.00K$95.00K |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |