Cranston Municipal Employees Credit Union


Overview / Commentary
401-463-3010
1615 Pontiac Ave
Cranston, RI 02920-4491

Cranston Municipal Employees Credit Union is headquartered in CRANSTON and is the 9th largest credit union in the state of Rhode Island. It is also the 2,175th largest credit union in the nation. It was established in 1946 and as of December of 2019, it had grown to 8 employees and 2,959 members at 1 location. Cranston Municipal Employees Credit Union has a B+ health rating.

Field of Membership Restrictions

Cranston Municipal Employees CU of Rhode Island is open to the City of Cranston employees, CU employees, and their family members, surviving spouses of deceased members within the boundaries of the defined site listed CU stipulations, and organizations, affiliations, businesses and /or associations that are majority comprised of CU members/stockholders.
See current membership details

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Health
B+
Additional 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. Cranston Municipal Employees Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #60780
Year Chartered1946
Employees8
Primary Regulator
Profit Margin
Return on Assets - YTD2.03%
Return on Equity - YTD8.34%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$58.3MM$57.8MM
LoansQ4 2019vs Q4 2018$11.5MM$10.7MM
DepositsQ4 2019vs Q4 2018$44.0MM$44.8MM
Equity CapitalQ4 2019vs Q4 2018$14.2MM$12.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$43.00K$47.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$0$13.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates

Rates for Cranston Municipal Employees Credit Union are currently being reviewed.

Locations


Cranston Municipal Employees Credit Union Locations
Branch Office1615 PONTIAC AVECRANSTON, RI 02920

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