Chicago Fire Officers' Association Credit Union
LOCATIONS
1
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HEALTH RATING
B+
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CURRENT TOP RATE
1.00% 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 3,976th largest credit union in the nation. It was established in 1957 and as of September of 2020, it had grown to 3 employees and 1,061 members at 1 location. Chicago Fire Officers' Association Credit Union's savings rates are 92% higher than 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 Q3 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. Chicago Fire Officers' Association Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61560 |
| Year Chartered | 1957 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.29% |
| Return on Equity - YTD | 1.98% |
| Annual Interest Income | $360.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $10.6MM$10.1MM |
| Loans | Q3 2020vs Q3 2019 | $3.8MM$3.9MM |
| Deposits | Q3 2020vs Q3 2019 | $9.0MM$8.6MM |
| Equity Capital | Q3 2020vs Q3 2019 | $1.6MM$1.5MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $83.00K$80.00K |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $38.00K$20.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |