Overview / Commentary
Carpenters Credit Union is headquartered in Saint Paul and is the 55th largest credit union in the state of Minnesota. It is also the 2,568th largest credit union in the nation. It was established in 1953 and as of March of 2025, it had grown to 10 employees and 15,831 members at 2 locations. 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 Q1 2025
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 | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.53% |
| Return on Equity - YTD | 10.57% |
| Annual Interest Income | $527K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $43MM$42.4MM |
| Loans | Q1 2025vs Q1 2024 | $19.8MM$17.8MM |
| Deposits | Q1 2025vs Q1 2024 | $36.4MM$36.3MM |
| Equity Capital | Q1 2025vs Q1 2024 | $6.2MM$5MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $375K$298K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $70K$144K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |