Overview / Commentary
Bridgeway is headquartered in Phenix City and is the 39th largest credit union in the state of Alabama. It is also the 2,196th largest credit union in the nation. It was established in 1960 and as of June of 2024, it had grown to 30 employees and 7,585 members at 3 locations. 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 Russell County, Alabama, or Dougherty or Muscogee Counties, Georgia. Employees of more than 20 SEGs qualify for membership, as do immediate family members of a current Bridgeway member or employee.
See current membership details
Health
B+
Data as of Q2 2024
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 relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 13852 |
| Year Chartered | 1960 |
| Employees | 30 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.84% |
| Return on Equity - YTD | -12.04% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $66.4MM$72.2MM |
| Loans | Q2 2024vs Q2 2023 | $35.3MM$30.4MM |
| Deposits | Q2 2024vs Q2 2023 | $55.7MM$60.9MM |
| Equity Capital | Q2 2024vs Q2 2023 | $10.3MM$10.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $436K$510K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $202K$320K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |