Chicago Fire Officers' Association Credit Union
LOCATIONS
1
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HEALTH RATING
B
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CURRENT TOP RATE
1.25% APY
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Overview / Commentary
Chicago Fire Officers' Association Credit Union is headquartered in Chicago and is the 145th largest credit union in the state of Illinois. It is also the 3,995th largest credit union in the nation. It was established in 1957 and as of December of 2019, it had grown to 3 employees and 1,046 members at 1 location. Chicago Fire Officers' Association Credit Union's savings rates are 2X the national average, and it has a B health rating.
Field of Membership Restrictions
Membership in Chicago Fire Officers Association Credit Union is open to all uniformed members of the Chicago Fire Department.
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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. Chicago Fire Officers' Association Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61560 |
| Year Chartered | 1957 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.28% |
| Return on Equity - YTD | 1.83% |
| Annual Interest Income | $489.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $10.0MM$9.9MM |
| Loans | Q4 2019vs Q4 2018 | $4.3MM$4.2MM |
| Deposits | Q4 2019vs Q4 2018 | $8.5MM$8.4MM |
| Equity Capital | Q4 2019vs Q4 2018 | $1.5MM$1.5MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $93.00K$86.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $62.00K$14.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |