Overview / Commentary
Carpenters Credit Union is headquartered in Saint Paul and is the 62nd largest credit union in the state of Minnesota. It is also the 2,690th largest credit union in the nation. It was established in 1953 and as of December of 2019, it had grown to 5 employees and 20,667 members at 1 location. Carpenters Credit Union has a B+ health rating.
Field of Membership Restrictions
Carpenters Credit Union is open to anyone belonging to the United Brotherhood of Carpenters (UBC), or employees, Board of Directors, and Supervisory Committee of Carpenters Credit Union.
See current membership details
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. Carpenters Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24676 |
| Year Chartered | 1953 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.46% |
| Return on Equity - YTD | 15.06% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $35.0MM$32.9MM |
| Loans | Q4 2019vs Q4 2018 | $14.0MM$13.2MM |
| Deposits | Q4 2019vs Q4 2018 | $31.6MM$30.0MM |
| Equity Capital | Q4 2019vs Q4 2018 | $3.4MM$2.9MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $340.00K$262.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $8.00K$17.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |