Burlington Municipal Employees Credit Union
LOCATIONS
1
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HEALTH RATING
C
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CURRENT TOP RATE
2.52% APY
IRA Account
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Overview / Commentary
Burlington Municipal Employees Credit Union is headquartered in Burlington and is the 71st largest credit union in the state of Iowa. It is also the 4,598th largest credit union in the nation. It was established in 1939 and as of March of 2020, it had grown to 1 employees and 604 members at 1 location. Burlington Municipal Employees Credit Union's savings rates are 92% higher than the national average, but it has a C health rating.
Field of Membership Restrictions
Membership in Burlington Municipal Employees Credit Union is open to employees of the City of Burlington, Iowa and their family.
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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. Burlington Municipal Employees Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 65239 |
| Year Chartered | 1939 |
| Employees | 1 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.65% |
| Return on Equity - YTD | 5.92% |
| Annual Interest Income | $45.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $4.2MM$4.8MM |
| Loans | Q1 2020vs Q1 2019 | $3.2MM$3.3MM |
| Deposits | Q1 2020vs Q1 2019 | $3.7MM$4.3MM |
| Equity Capital | Q1 2020vs Q1 2019 | $473.00K$434.00K |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $54.00K$61.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $39.00K$24.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$0 |